5218 SE 43 St, Okeechobee, FL 34974 — MLS photo

Active · SingleFamilyResidence

$285,000

5218 SE 43 St, Okeechobee, FL 34974

Beds: 2
Baths: 2
Living area: — sq ft
$ / sq ft: —
Year built: 2022
Lot size: —
HOA fee: $70 Monthly
Annual tax: $3,185

About this property

Practically Brand-new Construction! This beautiful 2 bedrooms ,2 bathrooms home feels like new and features exceptional upgrades throughout. Enjoy a spacious open floor plan, a modern kitchen with quartz countertops, stainless steel appliances, and elegant tile flooring. Peace of mind with a NEW metal roof, New solar panels, NEW impact windows and doors, a Water Filtration System for the City Water. A brand NEW fence surrounds the entire property for added privacy and security. Located in the desirable Kings Bay Community, residents enjoy access to a community pool, clubhouse, tennis courts,and front yard lawn maintenance ( HOA $80/month).Investor Only. Home is tenant occupied, Excellent opportunity for immediate rental income and cash flow

Property location

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5218 SE 43 St, Okeechobee, FL 34974

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Flooring: Tile
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling: Electric
Heating: Electric
Interior features: Bedroom On Main Level, Eat In Kitchen, Family Dining Room, First Floor Entry

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 2022
Architectural style: Detached, One Story
Roof: Metal
Construction: Block
Exterior features: Fence, Lighting
Pool: None, Community
View: Other

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Driveway, Garage Door Opener

HOA, Community & Financials

Association fee: $70 Monthly
Pets allowed: No, Yes
Annual tax: $3,185
Subdivision: KING'S BAY
County: Okeechobee
Days on market: 146
MLS listing ID: A11898883
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

-$442

Cap rate: 3.8%
Net yield: 3.8%
Cash-on-cash return: -6.6%
Gross yield: 6.6%
Mortgage payment: $1,351/mo
Down payment: $71,250
Loan amount: $213,750
Annual NOI: $10,914

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.