2702 SE 47th TerraceOkeechobeeFL34974
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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
Rental property for sale in Okeechobee at 2702 SE 47th Terrace, Okeechobee, FL, 34974 generates $776/mo in rent and, after a $489/mo payment, leaves $113/mo in cash flow. Total monthly income is $776/mo, and annual cash flow is $1,354/yr on $33,150 invested. Return on cash invested sits at 23.99% in year one, and rental yield is 9.31% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 125.3% and total cumulative return in cash sums $41,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $776/mo property income rather than buyer’s personal income.
Manufactured
Built in 1985
0.37 Acres 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-11151318