518 Sunbird Sq · Sebring, FL 33872

$43,000

2 bd · 2.5 ba · 1,352 sqft · Manufactured · 125 Days on market

Built 1998

---

Why this score? — see what drove the B- 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).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 2-bedroom, 2-bathroom home offers a comfortable and modern living space, with recent updates that enhance both style and functionality. Furniture is negotiable. The metal roof, installed in 2021, ensures durability and longevity. The property boasts a convenient 1-car carport added in the same year, providing sheltered parking. Step inside to discover new luxury vinyl planking that adds a touch of sophistication to the interior. The air conditioning unit, installed in 2020, ensures year-round comfort. The kitchen features a new microwave and upgraded laundry room cabinetry for added convenience. Outside, the front and side yard have been resodded, creating a fresh and inviting landscape. Enjoy the outdoors on the screened-in porch on the side of the home, leading to a workshop/shed for additional storage or workspace. With these thoughtful updates and amenities, this home is ready to welcome its new owners. The lot rent is $585/mth including Lawn mowing, garbage, and use of all the common areas such as the community pool, community center, shuffleboard, and dog park. Storage area for Trailers/Boats $30 per month & RVs $40 per month.

Key facts

• Metal roof installed
• Utility shed
• Move in ready

Tags

• FULLY FURNISHED
• PET FRIENDLY
• MOVE IN READY
• METAL ROOF INSTALLED
• LAUNDRY INSIDE
• UTILITY SHED

Property features AI

Finance

• Financial info: Land lease: $691
• HOA & community: Located in Thunderbird Hill park (land lease community)

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer / sewer available
• Home design: Manufactured home in park (double wide); Single-story; Palm Harbor model HS
• Construction: Frame construction with metal siding; Metal roof
• Exterior features: Enclosed, screened side porch; In-ground pool; Paved road access

Interior

• Flooring: Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Vinyl flooring; 10 total rooms

🏷️ Possibly a rental listed for sale. The $43,000 price doesn't fit this home's estimated sale value (~$167,648) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath manufactured listed at $43k.

Deal economics

• At list price, monthly cash flow is $976 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $43k).
• Recommended offer: $38k (12.0% below list) — sets the bar for market timing.
• Cap rate 33.5% vs local median 4.3% in Sebring — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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: schools D, amenities F, commute 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.
• Market conditions: Rents rising (+1.6%/yr); 700 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $297 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $26k (38%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $37,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 3.75% ✓
• Cap rate: 33.54%
• Cash-on-cash: 97.32%
• DSCR: 5.33
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $167,648
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 Pine Tree Ln	0.19mi	3/2.0 (+1)	1,248 (-8%)	10mo	$169,000	$135	63
206 Pine Tree Ln	0.20mi	2/2.0	1,476 (+9%)	18mo	$118,000	$80	58
101 Sunbird Pl	0.19mi	3/2.0 (+1)	1,431 (+6%)	22mo	$177,000	$124	56

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: 96.8%
• Equity multiple: 5.41×
• Total profit: $53,084
• Equity at exit: $6,411

10-year hold

• IRR: 99.2%
• Equity multiple: 10.78×
• Total profit: $117,772
• Equity at exit: $3,718

Cash invested: $12,040 (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: 700
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,612 medium
• Mortgage (P&I): −$225
• Tax est. 1.5%: −$54 /mo · $645/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $976

Break-even live

Break-even rent $376

Max offer price $43,000

Occupancy floor 34%

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: $10,750
• Closing costs: $1,290
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $43,000 Active 125 DOM
2. 2026-06-18
   days on market $43,000 Active 124 DOM
3. 2026-06-17
   days on market $43,000 Active 123 DOM
4. 2026-06-16
   days on market $43,000 Active 122 DOM
5. 2026-06-15
   days on market $43,000 Active 121 DOM
6. 2026-06-14
   days on market $43,000 Active 119 DOM
7. 2026-06-10
   days on market $43,000 Active 116 DOM
8. 2026-06-09
   days on market $43,000 Active 115 DOM
9. 2026-06-08
   days on market $43,000 Active 114 DOM
10. 2026-06-07
    days on market $43,000 Active 113 DOM
11. 2026-06-02
    days on market $43,000 Active 108 DOM
12. 2026-06-01
    days on market $43,000 Active 107 DOM
13. 2026-05-31
    days on market $43,000 Active 106 DOM
14. 2026-05-30
    days on market $43,000 Active 105 DOM
15. 2026-05-20
    price $43,000
16. 2026-05-07
    price $49,000
17. 2026-04-20
    price $53,000
18. 2026-03-30
    price $59,112
19. 2026-02-14
    listed $69,000 Active
20. 2025-09-15
    price $75,000
21. 2025-06-21
    price $79,999
22. 2025-06-02
    price $82,000
23. 2025-05-19
    price $85,000
24. 2024-03-18
    soldstatus $99,000 Closed 1170-char remark

    Show marketing remark (1170 chars)

    This charming 2-bedroom, 2-bathroom home offers a comfortable and modern living space, with recent updates that enhance both style and functionality. Furniture is negotiable. The metal roof, installed in 2021, ensures durability and longevity. The property boasts a convenient 1-car carport added in the same year, providing sheltered parking. Step inside to discover new luxury vinyl planking that adds a touch of sophistication to the interior. The air conditioning unit, installed in 2020, ensures year-round comfort. The kitchen features a new microwave and upgraded laundry room cabinetry for added convenience. Outside, the front and side yard have been resodded, creating a fresh and inviting landscape. Enjoy the outdoors on the screened-in porch on the side of the home, leading to a workshop/shed for additional storage or workspace. With these thoughtful updates and amenities, this home is ready to welcome its new owners. The lot rent is $585/mth including Lawn mowing, garbage, and use of all the common areas such as the community pool, community center, shuffleboard, and dog park. Storage area for Trailers/Boats $30 per month & RVs $40 per month.

25. 2024-03-03
    status Pending 1170-char remark

    Show marketing remark (1170 chars)

    This charming 2-bedroom, 2-bathroom home offers a comfortable and modern living space, with recent updates that enhance both style and functionality. Furniture is negotiable. The metal roof, installed in 2021, ensures durability and longevity. The property boasts a convenient 1-car carport added in the same year, providing sheltered parking. Step inside to discover new luxury vinyl planking that adds a touch of sophistication to the interior. The air conditioning unit, installed in 2020, ensures year-round comfort. The kitchen features a new microwave and upgraded laundry room cabinetry for added convenience. Outside, the front and side yard have been resodded, creating a fresh and inviting landscape. Enjoy the outdoors on the screened-in porch on the side of the home, leading to a workshop/shed for additional storage or workspace. With these thoughtful updates and amenities, this home is ready to welcome its new owners. The lot rent is $585/mth including Lawn mowing, garbage, and use of all the common areas such as the community pool, community center, shuffleboard, and dog park. Storage area for Trailers/Boats $30 per month & RVs $40 per month.

26. 2024-02-14
    price $109,900 1170-char remark

    Show marketing remark (1170 chars)

    This charming 2-bedroom, 2-bathroom home offers a comfortable and modern living space, with recent updates that enhance both style and functionality. Furniture is negotiable. The metal roof, installed in 2021, ensures durability and longevity. The property boasts a convenient 1-car carport added in the same year, providing sheltered parking. Step inside to discover new luxury vinyl planking that adds a touch of sophistication to the interior. The air conditioning unit, installed in 2020, ensures year-round comfort. The kitchen features a new microwave and upgraded laundry room cabinetry for added convenience. Outside, the front and side yard have been resodded, creating a fresh and inviting landscape. Enjoy the outdoors on the screened-in porch on the side of the home, leading to a workshop/shed for additional storage or workspace. With these thoughtful updates and amenities, this home is ready to welcome its new owners. The lot rent is $585/mth including Lawn mowing, garbage, and use of all the common areas such as the community pool, community center, shuffleboard, and dog park. Storage area for Trailers/Boats $30 per month & RVs $40 per month.

27. 2024-01-11
    price $121,000 1170-char remark

    Show marketing remark (1170 chars)

    This charming 2-bedroom, 2-bathroom home offers a comfortable and modern living space, with recent updates that enhance both style and functionality. Furniture is negotiable. The metal roof, installed in 2021, ensures durability and longevity. The property boasts a convenient 1-car carport added in the same year, providing sheltered parking. Step inside to discover new luxury vinyl planking that adds a touch of sophistication to the interior. The air conditioning unit, installed in 2020, ensures year-round comfort. The kitchen features a new microwave and upgraded laundry room cabinetry for added convenience. Outside, the front and side yard have been resodded, creating a fresh and inviting landscape. Enjoy the outdoors on the screened-in porch on the side of the home, leading to a workshop/shed for additional storage or workspace. With these thoughtful updates and amenities, this home is ready to welcome its new owners. The lot rent is $585/mth including Lawn mowing, garbage, and use of all the common areas such as the community pool, community center, shuffleboard, and dog park. Storage area for Trailers/Boats $30 per month & RVs $40 per month.

28. 2023-11-15
    listed $139,900 Active 1170-char remark

    Show marketing remark (1170 chars)

    This charming 2-bedroom, 2-bathroom home offers a comfortable and modern living space, with recent updates that enhance both style and functionality. Furniture is negotiable. The metal roof, installed in 2021, ensures durability and longevity. The property boasts a convenient 1-car carport added in the same year, providing sheltered parking. Step inside to discover new luxury vinyl planking that adds a touch of sophistication to the interior. The air conditioning unit, installed in 2020, ensures year-round comfort. The kitchen features a new microwave and upgraded laundry room cabinetry for added convenience. Outside, the front and side yard have been resodded, creating a fresh and inviting landscape. Enjoy the outdoors on the screened-in porch on the side of the home, leading to a workshop/shed for additional storage or workspace. With these thoughtful updates and amenities, this home is ready to welcome its new owners. The lot rent is $585/mth including Lawn mowing, garbage, and use of all the common areas such as the community pool, community center, shuffleboard, and dog park. Storage area for Trailers/Boats $30 per month & RVs $40 per month.

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

Taxation est. · year 1

• Rental income: $19,346
• − Mortgage interest: −$2,409
• − Property taxes: −$645
• − Insurance: −$215
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$1,251
• Taxable income: $11,731
• Est. tax owed @ 24.0%: −$2,815
• After-tax cash flow: $8,902/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

-69.3% since first listed

14 events — show timeline

• 2026-05-20 Price Changed $43,000 HAOR as distributed by MLS GRID
• 2026-05-07 Price Changed $49,000 HAOR as distributed by MLS GRID
• 2026-04-20 Price Changed $53,000 HAOR as distributed by MLS GRID
• 2026-03-30 Price Changed $59,112 HAOR as distributed by MLS GRID
• 2026-02-14 Listed $69,000 HAOR as distributed by MLS GRID
• 2025-09-15 Price Changed $75,000 HAOR as distributed by MLS GRID
• 2025-06-21 Price Changed $79,999 HAOR as distributed by MLS GRID
• 2025-06-02 Price Changed $82,000 HAOR as distributed by MLS GRID
• 2025-05-19 Price Changed $85,000 HAOR as distributed by MLS GRID
• 2024-03-18 Sold (MLS) $99,000 HAOR as distributed by MLS GRID
• 2024-03-03 Pending — HAOR as distributed by MLS GRID
• 2024-02-14 Price Changed $109,900 HAOR as distributed by MLS GRID
• 2024-01-11 Price Changed $121,000 HAOR as distributed by MLS GRID
• 2023-11-15 Listed $139,900 HAOR as distributed by MLS GRID