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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Okeechobee at 7611 SW 21st Parkway, Okeechobee, FL, 34974 generates $4,462/mo in rent, after a $4,160/mo payment. Total monthly income is $4,462/mo. Return on cash invested sits at 15% in year one, and rental yield is 6.3% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 77.09% and total cumulative return in cash sums $215,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,462/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34974, Okeechobee, FL area.
| 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 |
Residential
11,290
Single Family
10,391
Multi-Family
899
Businesses
471
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Diane Johnson • Florida Homes Realty & Mortgag
Mls Name: BeachesMLS
Mls ID: #RX-11098037
