3205 Monza Dr · Sebring, FL 33872

$229,900

3 bd · 2.0 ba · 2,093 sqft · SingleFamily public records · 54 Days on market

Built 1992 0.35 ac lot Est $364k · 37% under $4/mo HOA

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +8.1/30.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.9/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Handyman Special 4BR/2BA home situated on a large corner lot in the Sun N Lake golf community of Sebring. This 2,093 sq. ft. fixer upper features a split bedroom floor plan with vaulted ceilings, a galley style kitchen with ample cabinet space, a large living/dining area and a master bedroom with a walk-in closet and attached bath that offers dual vanity sinks and a combo tub/shower. Off of the kitchen and dining area is a large enclosed patio converted into a bonus room that would make a fantastic game room or man cave. Excellent investment opportunity or start home! This wonderful community is conveniently located close to schools, parks, shopping and dining. All Information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. Sold As-Is. No utilities will be turned on to this property and only cash/renovation loan offers with 0 day inspection period will be considered. Buyer should perform their due diligence/necessary inspections before submitting an offer.

Key facts

• 0.35 acre lot
• 2 garage spots
• Built 1992

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $50 (about $4.17/month)

Exterior

• Parking: 2-car garage; Driveway; On-street parking
• Utilities: Public water; Public sewer available; Sewer available
• Home design: Single-family residence; One level; Residential property
• Construction: Frame construction; Shingle roof
• Exterior features: Rear porch; Paved road frontage; 125 ft frontage length; Lot approximately 0.35 acres; Zoning: R1A; No pool

Interior

• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Vinyl flooring; 11 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-224 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (21.9% below list).
• Recommended offer: $180k (21.9% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 4.3% in Sebring — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 66/100 on livability (#618 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities F, commute F, employment F.
• Highlands (other): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Sun 'N Lake Elementary School (math 63% / reading 59%, grade B, #653 of 2,144 statewide, top 31%, 618 students, 67% FRL); Hill-Gustat Middle School (math 53% / reading 50%, grade C, #232 of 571 statewide, top 41%, 705 students, 63% FRL); Sebring High School (math 32% / reading 48%, grade F, #296 of 667 statewide, top 45%, 1,809 students, 56% FRL).
• Market conditions: Rents rising (+1.6%/yr); 705 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• This rent runs 31% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $45k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $230k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,566 (21.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 5.13%
• Cash-on-cash: -4.17%
• DSCR: 0.81
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $364,182
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3016 Manor Dr	0.08mi	3/2.0	1,974 (-6%)	4mo	$375,000	$190	84
3508 Manor Dr	0.23mi	3/2.0	2,125 (+2%)	4mo	$499,000	$235	84
6501 Matanzas Dr	0.30mi	3/2.0	2,053 (-2%)	1mo	$280,000	$136	82
4133 Garienda Ave	0.38mi	3/2.0	2,285 (+9%)	2mo	$200,000	$88	65
4800 Calatrava Ave	0.30mi	3/2.0	1,836 (-12%)	1mo	$319,000	$174	65
4825 Cortez Blvd	0.54mi	3/2.0	1,919 (-8%)	1mo	$351,017	$183	60
6628 Sun Blvd N	0.62mi	4/3.0 (+1)	2,092 (-0%)	5mo	$420,000	$201	58
4015 Almeria Ave	0.42mi	3/2.0	1,811 (-14%)	1mo	$269,888	$149	58
4109 Harlando Ave	0.46mi	3/2.0	1,811 (-14%)	3mo	$259,888	$144	54
6902 Cecilia Ave	0.60mi	4/3.0 (+1)	1,988 (-5%)	1mo	$34,000	$17	54
6801 Granada Blvd	0.47mi	3/2.0	1,802 (-14%)	4mo	$297,640	$165	51
4118 Cortez Blvd	0.54mi	3/2.0	1,834 (-12%)	4mo	$340,000	$185	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.65% rent growth · sell at horizon

5-year hold

• IRR: -24.9%
• Equity multiple: 0.16×
• Total profit: $-53,846
• Equity at exit: $34,279

10-year hold

• IRR: -25.3%
• Equity multiple: -0.16×
• Total profit: $-74,599
• Equity at exit: $19,878

Cash invested: $64,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33872

• Home prices YoY: -25.8%
• Rents YoY: 1.6%
• Active inventory: 705
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,796 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$337 /mo · $4,042/yr
• Insurance: −$96
• HOA: −$4
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-224

Break-even live

Break-even rent $2,079

Max offer price $190,388

Occupancy floor —

Sensitivity live

Price	-10% $-94	-5% $-159	+0% $-224	+5% $-289	+10% $-354
Rent	-10% $-366	-5% $-295	+0% $-224	+5% $-153	+10% $-82
Rate	-1.0pp $-108	-0.5pp $-165	base $-224	+0.5pp $-283	+1.0pp $-344

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $4 · $48/yr

Listing history 12 events

1. 2026-06-01
   days on market $229,900 Active 54 DOM
2. 2026-05-31
   days on market $229,900 Active 53 DOM
3. 2026-05-30
   days on market $229,900 Active 52 DOM
4. 2026-05-07
   price $229,900
5. 2026-04-30
   price $239,900
6. 2026-04-23
   price $249,900
7. 2026-04-20
   price $259,000
8. 2026-04-08
   listed $275,000 Active
9. 2018-03-07
   soldstatus $100,000 1020-char remark

   Show marketing remark (1020 chars)

   Handyman Special 4BR/2BA home situated on a large corner lot in the Sun N Lake golf community of Sebring. This 2,093 sq. ft. fixer upper features a split bedroom floor plan with vaulted ceilings, a galley style kitchen with ample cabinet space, a large living/dining area and a master bedroom with a walk-in closet and attached bath that offers dual vanity sinks and a combo tub/shower. Off of the kitchen and dining area is a large enclosed patio converted into a bonus room that would make a fantastic game room or man cave. Excellent investment opportunity or start home! This wonderful community is conveniently located close to schools, parks, shopping and dining. All Information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. Sold As-Is. No utilities will be turned on to this property and only cash/renovation loan offers with 0 day inspection period will be considered. Buyer should perform their due diligence/necessary inspections before submitting an offer.

10. 2017-11-15
    listed $114,900 1020-char remark

    Show marketing remark (1020 chars)

    Handyman Special 4BR/2BA home situated on a large corner lot in the Sun N Lake golf community of Sebring. This 2,093 sq. ft. fixer upper features a split bedroom floor plan with vaulted ceilings, a galley style kitchen with ample cabinet space, a large living/dining area and a master bedroom with a walk-in closet and attached bath that offers dual vanity sinks and a combo tub/shower. Off of the kitchen and dining area is a large enclosed patio converted into a bonus room that would make a fantastic game room or man cave. Excellent investment opportunity or start home! This wonderful community is conveniently located close to schools, parks, shopping and dining. All Information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. Sold As-Is. No utilities will be turned on to this property and only cash/renovation loan offers with 0 day inspection period will be considered. Buyer should perform their due diligence/necessary inspections before submitting an offer.

11. 2003-10-08
    soldstatus $100,600
12. 1998-06-01
    soldstatus $95,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $4,042 · $337/mo
• Projected year-2 tax: $4,042 · $337/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 26 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,548
• − Mortgage interest: −$12,878
• − Property taxes: −$4,042
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,724
• − Management: −$1,724
• − HOA: −$48
• − Depreciation: −$6,688
• Taxable loss: −$6,705
• Est. tax savings @ 24.0%: +$1,609
• After-tax cash flow: $-1,075/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Highlands
• NCES district ID: 1200840
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,276
• Composite: 36.42/100
• National rank: #4672
• State rank: #54 of 73 in FL

Livability — Sebring

• Score: 66/100
• State rank: #618
• US rank: #11992

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment F Housing A+ Health & safety A User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Highlands County · 98,898 people
• City population: 50,797
• Metro: Sebring-Avon Park, FL
• Population (ZIP): 13,746
• Household income: $69,578
• Rent vs Own: 10.6% rent · 89.4% own
• Severe rent burden: 222.0

Population outlook (Highlands County) Hauer SSP2

• Today (2025): 99,674 people
• By 2030: 99,615 · -0.1%
• By 2040: 99,342 · -0.3%
• By 2050: 98,242 · -1.4%
• By 2075: 93,291 · -6.4%
• By 2100: 79,894 · -19.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 22% Two or more races 11% Black 5% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 9% Cuban 3%
• Common ancestry: Romanian 2% Russian 2% Slovak 2%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 16% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Highlands

• 2024 margin: Solid R (+40.8) · D 29.3% · R 70.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -18.1pp · 2024: -40.8pp
• All cycles: 2024: R+40.8 2020: R+34.4 2016: R+32.0 2012: R+23.0 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.20%
• Current HPI: 225.3761
• Rent YoY: ▲ 1.65%
• Metro: Sebring-Avon Park, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+142.0% since first listed

9 events — show timeline

• 2026-05-07 Price Changed $229,900 HAOR as distributed by MLS GRID
• 2026-04-30 Price Changed $239,900 HAOR as distributed by MLS GRID
• 2026-04-23 Price Changed $249,900 HAOR as distributed by MLS GRID
• 2026-04-20 Price Changed $259,000 HAOR as distributed by MLS GRID
• 2026-04-08 Listed $275,000 HAOR as distributed by MLS GRID
• 2018-03-07 Sold (MLS) $100,000 Stellar MLS as Distributed by MLS Grid
• 2017-11-15 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2003-10-08 Sold (Public Records) $100,600 Public Records
• 1998-06-01 Sold (Public Records) $95,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $4,042 · +26.3% YoY. Source: county tax records.