6725 NE 8th LnOkeechobeeFL34974
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
Rental property for sale in Okeechobee at 6725 NE 8th Ln, Okeechobee, FL, 34974 generates $1,160/mo in rent and, after a $707/mo payment, leaves $201/mo in cash flow. Total monthly income is $1,160/mo, and annual cash flow is $2,416/yr on $47,902 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 9.63% on a $144,500 entry. Equity gained on principal adds $932/yr, while 5% annual appreciation builds toward $39,923 over five years. Five-year ROI reaches 130.56% and total cumulative return in cash sums $62,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
0.46 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Moe Mossa • SAVVY AVENUE, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4640297
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511