716 NE 15th AvenueOkeechobeeFL34972
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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 716 NE 15th Avenue, Okeechobee, FL, 34972 generates $1,612/mo in rent, after a $1,711/mo payment. Total monthly income is $1,612/mo. Return on cash invested sits at 12.58% in year one, and rental yield is 5.53% on a $349,630 entry. Equity gained on principal adds $2,256/yr, while 5% annual appreciation builds toward $96,596 over five years. Five-year ROI reaches 64.16% and total cumulative return in cash sums $74,358. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,612/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34972, Okeechobee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,020 (100%) |
| Owner Occupied HU | 4,456 (63.5%) |
| Renter Occupied HU | 1,706 (24.3%) |
| Vacant Housing Units | 858 (12.2%) |
| Median Home Value | $227,991 |
| Average Home Value | $272,861 |
Housing Distribution
Address Breakdown
Residential
6,337
Single Family
6,110
Multi-Family
227
Businesses
595
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Listed by: Howard J. Darvin • D.R.Horton Realty of Melbourne
Mls Name: BeachesMLS
Mls ID: #RX-11150087