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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 9668 SW Keen Ave, Okeechobee, FL, 34974 offers a 9.92% rental yield on a $399,990 purchase with $3,308/mo rent. Total monthly income registers $3,308/mo, and a $1,958/mo payment leaves $653/mo available for distribution. Annual cash flow reaches $7,840/yr on $132,597 to close, and return on cash invested stands at 25.82% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,510 over five years. Portfolio math shows five-year ROI at 135.16% and total cumulative return in cash at $179,221. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,308/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
7,492 sqft 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 |
|---|---|---|
| 2024-12-06 | Listed for sale | $399,990 |
| 2024-08-01 | Listing removed | N/A |
| 2024-05-04 | Listed for sale | $469,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $1946.31 | 4.73% | $147,763 | 3.00% |
| 2022-12-25 | $1858.47 | 1.33% | $143,460 | 3.00% |
| 2021-12-25 | $1834.12 | 5.33% | $139,282 | 1.40% |
Listed by: Kasia D'Auria • RE/MAX of Stuart
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls Provider:
Mls ID: #M20047963
Disclaimer: The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2024 Realtor Association of Martin County, Inc. MLS. All rights reserved.
