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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% |
Investment property for sale in Okeechobee at 8424 SE 59th Drive, Okeechobee, FL, 34974 offers a 11% rental yield on a $299,000 purchase with $2,742/mo rent. Total monthly income registers $2,742/mo, and a $1,463/mo payment leaves $758/mo available for distribution. Annual cash flow reaches $9,099/yr on $99,119 to close, and return on cash invested stands at 29.09% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 152.69% and total cumulative return in cash at $151,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,742/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
1.05 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 | ||||
Listed by: Lori Mixon • Mixon Real Estate Group
Mls Name: BeachesMLS
Mls ID: #RX-11127460
