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Market MapOkeechobee, FL
Metropolitan Area

Okeechobee, FL

Florida0
61
/100
Buy
#484 of 894 metros
Top 54% nationally for investing

Market Snapshot

$292,798
Median Home Price
15% above national median
$1,700/mo
Median Rent
23% above national median
6.97%
Rent-to-Price Ratio
Top 26% nationally
-$430
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$292,798
Down Payment (20%)$58,560
Loan Amount$234,238
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,700
Monthly P&I-$1,535
Est. Expenses (35%)-$595
Net Cash Flow-$430/mo
4.5%
Cap Rate (all cash)
-7.7%
Cash-on-Cash Return
6.97%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.5% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
61/100
61
Cash Flow(30%)
70/100

Based on 6.97% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
56/100

Based on 1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
67/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (6.97%)
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$430/mo)
  • -Negative leverage (cap rate 4.5% < mortgage rate 6.9%)

Counties in Okeechobee, FL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Elmira, NY
Elmira, NY
81$161,607$1,2639.38%Strong BuyView
Lamesa, TX
Lamesa, TX
81$113,282Est.Strong BuyView
Lincoln, IL
Lincoln, IL
81$142,630Est.Strong BuyView
Union City, TN
Union City, TN
80$166,036Est.Strong BuyView
Guymon, OK
Guymon, OK
80$168,571Est.Strong BuyView
Current
Okeechobee, FL
61$292,798$1,7006.97%Buy

The Bottom Line

BuyOkeechobee, FL offers solid investment potential with good cash flow or appreciation prospects.

The Okeechobee, FL metro area scores 61/100, ranking #484 of 894 US metros (top 54%). The 6.97% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-430/mo
Cap Rate
4.5%
Cash-on-Cash
-8.8%

Ready to Invest in Okeechobee, FL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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