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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Okeechobee at 430 SW 87th Terrace, Okeechobee, FL, 34974 offers a 10.12% rental yield on a $362,000 purchase with $3,052/mo rent. Total monthly income registers $3,052/mo, and a $1,772/mo payment leaves $650/mo available for distribution. Annual cash flow reaches $7,794/yr on $120,003 to close, and return on cash invested stands at 26.4% in year one. Equity gained on principal adds $2,336/yr while 5% annual appreciation supports $100,014 over five years. Portfolio math shows five-year ROI at 138.27% and total cumulative return in cash at $165,925. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,052/mo property income against a $1,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
| 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 |
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Date | Event | Price |
|---|---|---|
| 2024-12-02 | Price change | $362,000 |
| 2024-09-30 | Listed for sale | $367,000 |
| 2008-03-27 | Sold | $209,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $1576.34 | 10.22% | $107,397 | 3.00% |
| 2022-12-25 | $1430.21 | 6.05% | $104,269 | 3.00% |
| 2021-12-25 | $1348.64 | 1.31% | $101,232 | 1.40% |
Listed by: Donna Wildes • Dalton Wade Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11024898
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
