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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 480 NE 138th St, Okeechobee, FL, 34972 uses $125,970 cash to close to unlock $3,650/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $2,826/mo, and a $1,860/mo payment keeps the spread at $304/mo. Purchase price stands at $380,000, and rental yield measures 8.92% with $2,826/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 118.99% and total cumulative return in cash records $149,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,826/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
| 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 |
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
Date | Event | Price |
|---|---|---|
| 2024-11-30 | Listed for sale | $380,000 |
| 2009-05-05 | Sold | $148,000 |
| 2009-01-31 | Listing removed | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $1673.42 | 9.73% | $114,373 | 3.00% |
| 2022-12-25 | $1525.05 | 5.66% | $111,042 | 3.00% |
| 2021-12-25 | $1443.32 | 1.25% | $107,808 | 1.40% |
Listed by: Erica Harvey • LPT REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OK224683
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
