3605 SW 21st St, Okeechobee, FL, 34972 | $142/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3605 SW 21st St, Okeechobee, FL, 34972 | $142/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Okeechobee at 3605 SW 21st St, Okeechobee, FL, 34972 generates $2,100/mo in rent and, after a $1,444/mo payment, leaves $142/mo in cash flow. Total monthly income is $2,100/mo, and annual cash flow is $1,705/yr on $97,814 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 8.54% on a $295,065 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,521 over five years. Five-year ROI reaches 112.83% and total cumulative return in cash sums $110,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the Archer II, a thoughtfully designed single-story home in Okeechobee, Florida offering the perfect blend of comfort, functionality, and modern style-part of the Express Series by D.R. Horton. Upon entry, you're welcomed into a spacious foyer leading to two well-sized bedrooms and a full bathroom, perfect for guests or a growing family. The open-concept kitchen features a large island with seating, quartz countertops, and a generous walk-in pantry-all overlooking the bright great room and cozy dining area, ideal for entertaining. The primary bedroom is tucked away at the rear of the home and features a large walk-in closet and en-suite bath with dual sinks and quartz countertops. Enjoy indoor-outdoor living with a rear patio accessed through sliding glass doors, and take advantage of the laundry room with full washer/dryer hookups located conveniently between the bedrooms. Additional features include: Luxury vinyl plank flooring in main living & wet areas, Stain-resistant carpet in bedrooms, Stainless steel appliances including smooth-top range, microwave & dishwasher, Double-pane Low-E windows for energy efficiency, Storm panels for windows & sliding glass doors and High-efficiency A/C, digital thermostat, and termite treatment with renewable bond.

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