5805 Ridge CourtOkeechobeeFL34972
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5805 Ridge Court, Okeechobee, FL, 34972 listed at $190,000 pairs $1,675/mo rent with a $930/mo payment to leave $362/mo cash flow. Total monthly income runs $1,675/mo, and annual cash flow reaches $4,342/yr on $62,985 cash to close. Return on cash invested measures 26.8% in year one, and rental yield registers 10.58% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 140.76% and total cumulative return in cash totals $88,656. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,675/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1993
0.98 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Franklin • Legacy Real Estate of Florida LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11077663
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 2025 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.