6614 SE 54th LaneOkeechobeeFL34974
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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 6614 SE 54th Lane, Okeechobee, FL, 34974 earns $109/mo cash flow from $811/mo rent with a $518/mo payment. Total monthly income totals $811/mo, and annual cash flow totals $1,303/yr on $35,106 capital. ROI tracks 23.62% on current figures, and rental yield reads 9.19% at a $105,900 purchase. Equity gained on principal adds $683/yr, and 5% annual appreciation supports $29,258 over five years. Five-year ROI reaches 123.39% and total cumulative return in cash sums $43,316. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $811/mo property income instead of your personal income.
Manufactured
Built in 1988
2,090 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: Judith Pokorny • Florida Homes Realty & Mortgag
Mls Name: BeachesMLS
Mls ID: #F10542749