8640 SW 7th Lane, Okeechobee, FL, 34974 | $346/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8640 SW 7th Lane, Okeechobee, FL, 34974 | $346/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Okeechobee at 8640 SW 7th Lane, Okeechobee, FL, 34974 generates $3,260/mo in rent and, after a $2,149/mo payment, leaves $346/mo in cash flow. Total monthly income is $3,260/mo, and annual cash flow is $4,157/yr on $145,529 invested. Return on cash invested sits at 22.77% in year one, and rental yield is 8.91% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 118.75% and total cumulative return in cash sums $172,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,260/mo property income rather than buyer’s personal income.

Single Family

Built in 2024

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

EDGEWATER ACRES ~ This 2024 CBS home on 1/2 an acre, features beautiful exterior stone detailing, a 1-car garage, & a spacious open concept layout. It boasts 1,790 sq ft of living space, & a total of 2,224 sq ft under air. This versatile home offers 4 rooms & 2 full bathrooms. You can enjoy a 3-bdrm layout w/ a dedicated dining room or a 4-bdrm configuration without a separate dining area. The kitchen features SS appliances, quartz countertops, & a large kitchen island w/ a built-in sink that doubles as a kitchen table, offering storage on both ends.The master bathroom is a true highlight, featuring a contemporary stand-alone tub, a large walk-in tiled shower, double vanity, & a walk-in closet. Throughout the main living area, you'll find elegant crown molding and chandeliers. Additional unique touches include sliding barn doors for the 4th room and French doors leading to the backyard. The hallway that connects to the garage conveniently houses a pantry and a laundry room. All measurements are approximate.

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