2355 SW 28th Street #60aOkeechobeeFL34974
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Okeechobee at 2355 SW 28th Street #60a, Okeechobee, FL, 34974 offers a 9.35% rental yield on a $145,000 purchase with $1,130/mo rent. Total monthly income registers $1,130/mo, and a $710/mo payment leaves $167/mo available for distribution. Annual cash flow reaches $2,010/yr on $48,068 to close, and return on cash invested stands at 24.09% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 125.91% and total cumulative return in cash at $60,524. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,130/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
1,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
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Listed by: Veronica Christine Ma Gabor • Florida Quality Real Estate Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11146355