7100 NE 12th 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
Rental property for sale in Okeechobee at 7100 NE 12th Lane, Okeechobee, FL, 34974 generates $938/mo in rent and, after a $607/mo payment, leaves $21/mo in cash flow. Total monthly income is $938/mo, and annual cash flow is $257/yr on $41,106 invested. Return on cash invested sits at 20.53% in year one, and rental yield is 9.08% on a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 107.85% and total cumulative return in cash sums $44,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $938/mo property income rather than buyer’s personal income.
Manufactured
Built in 1971
0.45 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
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Listed by: Joseph W Stas • Mira Realty, LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11115700
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.