Madison Plan, Okeechobee Spot Lots, Okeechobee, FL, 34972 | 6.54% Rental Yield

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Madison Plan, Okeechobee Spot Lots, Okeechobee, FL, 34972 | 6.54% Rental Yield | 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 Madison Plan, Okeechobee Spot Lots, Okeechobee, FL, 34972 priced at $379,990 converts $2,070/mo rent into after a $1,860/mo obligation. Total monthly income equals $2,070/mo. Return on cash invested prints 15.6% in year one, and rental yield reads 6.54% against a $379,990 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,984 by year five. Five-year ROI reaches 80.36% and total cumulative return in cash sums $101,229. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,070/mo property income covering a $1,860/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Introducing the Madison - a beautifully designed, all-concrete block, one-story home featuring luxury vinyl plank flooring in the main living and wet areas. With an efficient and spacious floor plan that maximizes living space, this home is located on our unique spot lots in a boat and RV-friendly area of Okeechobee, Florida. Enjoy unmatched convenience and flexibility, all with the added benefit of no HOA. As you enter, the inviting foyer leads you to two well-sized guest bedrooms and a shared guest bathroom. Just across the hall, you'll find a laundry room, linen closet, and a third guest bedroom with its own full ensuite bathroom. The spacious three-car garage is equipped with garage door openers on each door, while the expansive three-car wide driveway provides plenty of extra parking for guests or additional vehicles. At the heart of the home is the well-appointed kitchen, which seamlessly flows into the open living and dining areas, as well as the covered lanai - perfect for entertaining. The kitchen features an expansive island with an oversized single-bowl undermount sink, sleek quartz countertops, and a large pantry for ample storage. The primary suite, located at the back of the home for added tranquility, boasts a luxurious bathroom with a double undermount vanity, quartz countertops, a spacious walk-in closet, and a generous shower/tub combination. As part of the Express Series by D.R. Horton, this home also includes the Home is Connected smart home pack

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