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Okeechobee, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,486
Monthly Cash Flow
-$269
Principal + Equity
$2,675
Annual Total Gain
$28,876
Cash on Cash
-4.49%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$167
Occupancy Rate
50%
Monthly Revenue
$1,806
Monthly Cash Flow
-$220
Principal + Equity
$2,675
Annual Total Gain
$29,464
Cash on Cash %
-3.67%
Net ROI %
Market Health & Growth
Median Income
$50,365
Population
5,376
LTR Renter %
33.61%
Forecast (1 yr)
3.65%
Appreciation (1 yr)
0.09%
Appreciation (5 yr)
64.98%
Appreciation (10 yr)
165.34%
Job Growth
-11.06%
LTR Rentability
High
STR Demand
44
STR Rentals
178
Top Public Schools
COkeechobee High School
CSeminole Elementary School
C
C
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Buy a House in Florida
#383out of 1193 markets
Most Diverse Places to Live in Florida
#160out of 1195 markets
Places with the Lowest Cost of Living in Florida
#137out of 1193 markets
C
Public School
C-
Crime And Safety
B-
Housing
C
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Okeechobee, FL.
In Okeechobee, FL, Short Term Rentals (STRs) are regulated by the city government. The city has specific regulations in place that investors should be aware of before purchasing a property for short term rental purposes.
1. Zoning Regulations: Okeechobee has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check the zoning laws in the area they are interested in purchasing a property to ensure that short term rentals are permitted.
2. Licensing and Permits: In Okeechobee, STRs are required to obtain a business tax receipt and a short term rental permit from the city government. Investors should be aware of the application process and any fees associated with obtaining these permits.
3. Occupancy Limits: Okeechobee has occupancy limits for STRs, which specify the maximum number of guests allowed to stay in a property at one time. Investors should ensure that their property complies with these occupancy limits.
4. Noise and Nuisance Regulations: Okeechobee has noise and nuisance regulations in place to ensure that STRs do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxation: Investors should be aware of the tax implications of operating a short term rental in Okeechobee. This may include collecting and remitting sales and tourist development taxes to the appropriate authorities.
Overall, investors should thoroughly research and understand the STR regulations in Okeechobee before purchasing a property for short term rental purposes. Failure to comply with these regulations could result in fines or other penalties that could negatively impact the investment.
Market Trends Over Time
Explore 25 years of market data for Okeechobee, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Okeechobee, FL.
The LTR Genie Score of Okeechobee, FL is 82, indicating a very high potential for long-term rental investment. This high score is likely due to the high LTR rentability and impressive LTR Net ROI of 40.2%. On the other hand, the STR Genie Score of 59 suggests a moderate potential for short-term rental investment, possibly due to the lower STR Net ROI of 41.02% and STR Occupancy rate of 50.0.
Okeechobee, FL is a small town located in South Florida known for its proximity to Lake Okeechobee, offering various outdoor recreational activities such as fishing and boating. The town has a relaxed atmosphere and is popular among retirees and those seeking a quieter lifestyle.
Based on the metrics provided, Okeechobee, FL appears to be a more attractive market for long-term rental investment rather than short-term rental investment. With a high LTR Genie Score and positive 1-Year Price Appreciation Forecast, real estate investors may find success in purchasing properties for long-term rental purposes in this market. However, it is always recommended for investors to conduct further research and due diligence before making any investment decisions.
LTR Genie Score 93
$180,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,510 sqft.🏠 SINGLE FAMILY
