3606 Illinois Ave · Sebring, FL 33870

$114,000

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 95 Days on market

Built 1973 6,000 sqft lot Est $88k · 29% over

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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).

• Cash flow +23.8/30.0
• DSCR +7.7/10.0
• 1% rule +5.6/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

Key facts

• Vinyl windows
• Remodeled kitchen
• Granite countertops

Tags

• REMODELED KITCHEN
• REMODELED BATHROOMS
• GRANITE COUNTERTOPS
• SPLIT-BEDROOM FLOOR PLAN
• SCREENED AND COVERED PORCH
• VINYL WINDOWS

Property features AI

Exterior

• Parking: 2-space carport
• Utilities: Public water; Public sewer (and other sewer); Sewer available
• Home design: Single-story mobile home; Residential property; Faces unspecified direction
• Construction: Frame construction; Other roof type
• Exterior features: Enclosed rear porch; Paved road frontage

Interior

• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central electric cooling
• Interior features: Vinyl flooring; 7 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $114k.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $114k).
• Recommended offer: $104k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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 soft (-0.3%/yr); 480 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 $788 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($104k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,740 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.06% ✓
• Cap rate: 8.59%
• Cash-on-cash: 8.22%
• DSCR: 1.37
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $88,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2301 Georgia St	0.04mi	2/1.0	672 (0%)	8mo	$80,000	$119	88
3344 Maine Ave	0.18mi	2/2.0	672 (0%)	11mo	$75,000	$112	82
3607 Indiana Ave	0.14mi	2/1.0	672 (0%)	13mo	$88,000	$131	79
3510 Illinois Ave	0.06mi	2/2.0	672 (0%)	24mo	$92,000	$137	78
3208 Delaware Ave	0.27mi	2/1.0	672 (0%)	7mo	$75,000	$112	77
3447 Delaware Ave	0.16mi	2/2.0	720 (+7%)	5mo	$85,000	$118	77
3407 Michigan Ave	0.13mi	2/1.5	672 (0%)	20mo	$105,000	$156	75
2413 Georgia St	0.09mi	2/1.5	720 (+7%)	14mo	$112,000	$156	70
3147 Delaware Ave	0.30mi	2/1.0	672 (0%)	14mo	$140,000	$208	70
3345 New York Ave	0.16mi	2/1.0	720 (+7%)	11mo	$110,000	$153	67
3313 Maine Ave	0.20mi	2/1.0	702 (+4%)	15mo	$45,000	$64	67
3328 Illinois Ave	0.16mi	2/2.0	732 (+9%)	14mo	$82,500	$113	66

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.75×
• Total profit: $-8,111
• Equity at exit: $16,998

10-year hold

• IRR: -1.5%
• Equity multiple: 0.91×
• Total profit: $-2,912
• Equity at exit: $9,857

Cash invested: $31,920 (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 33870

• Home prices YoY: -20.0%
• Rents YoY: -0.3%
• Active inventory: 480
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,213 medium
• Mortgage (P&I): −$598
• Tax from tax record: −$94 /mo · $1,130/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $219

Break-even live

Break-even rent $936

Max offer price $114,000

Occupancy floor 77%

Sensitivity live

Price	-10% $283	-5% $251	+0% $219	+5% $186	+10% $154
Rent	-10% $123	-5% $171	+0% $219	+5% $267	+10% $314
Rate	-1.0pp $276	-0.5pp $248	base $219	+0.5pp $189	+1.0pp $159

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: $28,500
• Closing costs: $3,420
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $114,000 Active 95 DOM
2. 2026-06-19
   days on market $114,000 Active 93 DOM
3. 2026-06-18
   days on market $114,000 Active 92 DOM
4. 2026-06-17
   days on market $114,000 Active 91 DOM
5. 2026-06-16
   days on market $114,000 Active 90 DOM
6. 2026-06-15
   days on market $114,000 Active 89 DOM
7. 2026-06-14
   days on market $114,000 Active 87 DOM
8. 2026-06-10
   days on market $114,000 Active 84 DOM
9. 2026-06-09
   days on market $114,000 Active 83 DOM
10. 2026-06-08
    days on market $114,000 Active 82 DOM
11. 2026-06-07
    days on market $114,000 Active 81 DOM
12. 2026-06-02
    days on market $114,000 Active 76 DOM
13. 2026-06-01
    days on market $114,000 Active 75 DOM
14. 2026-05-31
    days on market $114,000 Active 74 DOM
15. 2026-05-30
    days on market $114,000 Active 73 DOM
16. 2026-04-20
    price $114,000
17. 2026-03-17
    listed $118,000 Active
18. 2024-06-25
    soldstatus $106,000 Closed 456-char remark

    Show marketing remark (456 chars)

    MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

19. 2024-06-06
    historical Active Under Contract 456-char remark

    Show marketing remark (456 chars)

    MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

20. 2024-06-04
    status Active 456-char remark

    Show marketing remark (456 chars)

    MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

21. 2024-05-30
    historical Active Under Contract 456-char remark

    Show marketing remark (456 chars)

    MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

22. 2024-05-27
    status Pending 456-char remark

    Show marketing remark (456 chars)

    MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

23. 2024-05-07
    listed $115,000 Active 456-char remark

    Show marketing remark (456 chars)

    MOBILE HOME ON OWNED LAND! Welcome to Fairmont Mobile Estates where there is no HOA or lot rent!!! This beautiful home is located in a nice neighborhood that is central to everything Sebring has to offer. This home comes fully furnished with all the necessities to make it feel like home. Floors, hot water heater, AC unit and electrical wire box have been updated. Home has a huge Florida/family room, a laundry room with storage, and is move in ready!

ⓘ 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: $1,130 · $94/mo
• Projected year-2 tax: $1,130 · $94/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 25 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: $14,555
• − Mortgage interest: −$6,386
• − Property taxes: −$1,130
• − Insurance: −$570
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$3,316
• Taxable income: $824
• Est. tax owed @ 24.0%: −$198
• After-tax cash flow: $2,426/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): 25,195
• Household income: $49,942
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 994.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Hispanic / Latino 22% Black 13% Two or more races 10% Asian 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 7% Cuban 5%
• Common ancestry: Slovak 2% Romanian 1% Lithuanian 1%
• Foreign-born: 10% · Canada, Jamaica, China
• Languages at home: 80% English-only · Spanish 16% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -68.68%
• Current HPI: 273.9861
• Rent YoY: ▼ -0.29%
• 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

-0.9% since first listed

8 events — show timeline

• 2026-04-20 Price Changed $114,000 HAOR as distributed by MLS GRID
• 2026-03-17 Listed $118,000 HAOR as distributed by MLS GRID
• 2024-06-25 Sold (MLS) $106,000 HAOR as distributed by MLS GRID
• 2024-06-06 Contingent — HAOR as distributed by MLS GRID
• 2024-06-04 Relisted — HAOR as distributed by MLS GRID
• 2024-05-30 Contingent — HAOR as distributed by MLS GRID
• 2024-05-27 Pending — HAOR as distributed by MLS GRID
• 2024-05-07 Listed $115,000 HAOR as distributed by MLS GRID

Property tax history

+7.6%/yr

Latest (2025): $1,130 · +236.0% YoY. Source: county tax records.