507 NE 9th 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
Rental property for sale in Okeechobee at 507 NE 9th Avenue, Okeechobee, FL, 34972 generates $1,547/mo in rent and, after a $954/mo payment, leaves $253/mo in cash flow. Total monthly income is $1,547/mo, and annual cash flow is $3,040/yr on $64,643 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 9.52% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 128.68% and total cumulative return in cash sums $83,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,547/mo property income rather than buyer’s personal income.
Manufactured
Built in 1989
10,032 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: John Michael Rickards • Red Gator Real Estate
Mls Name: BeachesMLS
Mls ID: #RX-11098897