3497 NW 24th AvenueOkeechobeeFL34972
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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 3497 NW 24th Avenue, Okeechobee, FL, 34972 listed at $265,000 pairs $1,802/mo rent with a $1,297/mo payment to leave $43/mo cash flow. Total monthly income runs $1,802/mo, and annual cash flow reaches $522/yr on $87,848 cash to close. Return on cash invested measures 20.5% in year one, and rental yield registers 8.16% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 106.63% and total cumulative return in cash totals $93,675. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,802/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.36 Acres 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: Amy Fipps • Red Gator Real Estate
Mls Name: BeachesMLS
Mls ID: #RX-11134889