3031 NW 2nd StreetOkeechobeeFL34972
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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 3031 NW 2nd Street, Okeechobee, FL, 34972 earns $840/mo cash flow from $2,532/mo rent with a $1,248/mo payment. Total monthly income totals $2,532/mo, and annual cash flow totals $10,078/yr on $84,533 capital. ROI tracks 31.83% on current figures, and rental yield reads 11.92% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 167.36% and total cumulative return in cash sums $141,476. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,532/mo property income instead of your personal income.
Single Family
Built in 1981
9,525 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,456 (63.5%) |
| Renter Occupied HU | 1,706 (24.3%) |
| Vacant Housing Units | 858 (12.2%) |
| Median Home Value | $227,991 |
| Average Home Value | $272,861 |
Housing Distribution
Address Breakdown
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
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Listed by: Jordan Tomaszewski • RE/MAX of Stuart
Mls Name: BeachesMLS
Mls ID: #RX-11157244