6585 NE 7th StreetOkeechobeeFL34974
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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
Investment property for sale in Okeechobee at 6585 NE 7th Street, Okeechobee, FL, 34974 uses $62,952 cash to close to unlock $3,195/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $929/mo payment keeps the spread at $266/mo. Purchase price stands at $189,900, and rental yield measures 9.64% with $1,526/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 130.7% and total cumulative return in cash records $82,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $929/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
10,000 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
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Listed by: Daniel Castaneda • American Realty of PSL LLC
Mls Name: BeachesMLS
Mls ID: #RX-11120779