639 SW 39th Trce LOT 374, Okeechobee, FL, 34974 | $241/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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639 SW 39th Trce LOT 374, Okeechobee, FL, 34974 | $241/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

Investment property for sale in Okeechobee at 639 SW 39th Trce LOT 374, Okeechobee, FL, 34974 uses $77,903 cash to close to unlock $2,889/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,150/mo payment keeps the spread at $241/mo. Purchase price stands at $235,000, and rental yield measures 9.19% with $1,800/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 123.33% and total cumulative return in cash records $96,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,150/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Luxury RV Lot at Silver Palms RV Resort in Okeechobee Florida. Lot 374 is 40'x70' and features a finished Casita, Tiki Hut, beautiful landscaping, concrete pavers, irrigation and night time accent lighting. The Tiki Hut is 12x16x16x17' trapezoid and features motorized enclosure blinds all around. The Tiki Hut includes: mini frig; 70' smart TV on a motorized lift, indirect accent lighting, two ceiling and two oscillating fans, and three carbon-infrared heaters for cool winter weather. Furnishings include and outdoor dining table with four synthetic wicker chairs, two synthetic wicker arm chairs. The Casita is 12 x 14 feet and features a full bath with ceramic tiled shower, full size washer and dryer, plenty of cabinets, a queen hide-a-bed, ceiling fan and mini-split and an upright freezer. There is a dedicated grilling area that includes a large umbrella, a Newage outdoor storage cabinet and a Masterbuilt 1150 Gravity Series digital grill and smoker. Silver Palms RV Resort features a clubhouse with billiards room, card room, library, fitness center, bar and grill. Owners' lounge, pool and hot tub. The property features Pickleball Courts, Shuffleboard Courts, horse shoes, dog park and two bath/shower house with laundry. Daily activities abound, including a monthly wine and book clubs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.

Housing Distribution

Housing Statistics

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