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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Okeechobee at 2355 SW 28th St UNIT 70C, Okeechobee, FL, 34974 uses $49,725 cash to close to unlock $7,589/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $734/mo payment keeps the spread at $632/mo. Purchase price stands at $149,999, and rental yield measures 14.58% with $1,823/mo rent. Return on cash invested shows 35.17% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 187.04% and total cumulative return in cash records $93,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,195 (100%) |
| Owner Occupied HU | 8,078 (56.9%) |
| Renter Occupied HU | 2,281 (16.1%) |
| Vacant Housing Units | 3,836 (27.0%) |
| Median Home Value | $201,752 |
| Average Home Value | $234,889 |
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Listed for sale | $149,999 |
| 2022-12-21 | Sold | $125,000 |
| 2010-04-01 | Sold | $46,200 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $1879.24 | 26.40% | $88,838 | 3.85% |
| 2022-12-26 | $1486.73 | 17.90% | $85,542 | 41.28% |
| 2021-12-26 | $1261.00 | 4.96% | $60,549 | 6.16% |
Listed by: Courtney L Wilson • Lake O Real Estate, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10474711
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
