7643 NW South River Dr, Medley FL 33166
About this home
Amazing investment opportunity, Single family house located in Medley; sitting right on Lake Okeechobee, with beautiful relaxing lake views. This unique income producing property is currently rented, producing a stable $6,500 per month. Very well situated, close to everything, in an extensive industrial and residential area, fantastic rental location for this investment property. Close to the Airport, Okeechobee Road, Palmetto Expressway and other major highways. Schedule your showings at least 24hr prior notice, text listing agent.
Features
- First Floor Entry
- Second Floor Entry
- Maid/In-Law Quarters
- Barbeque
- Other
- Canal
- River
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,160
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.