2701 Sunrise Dr · Sebring, FL 33872

$189,900

2 bd · 2.0 ba · 1,556 sqft · SingleFamily public records · 63 Days on market

Built 1992 0.29 ac lot Est $285k · 33% under $2/mo HOA ↓ 3% since listing

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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 +14.3/30.0
• DSCR +4.3/10.0
• Schools +3.6/10.0
• 1% rule +3.5/10.0
• 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

Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

Key facts

• Disc golf
• Community park
• Walk in closets

Tags

• SPLIT BEDROOM FLOOR PLAN
• WALK IN CLOSETS
• ATTACHED EN SUITE BATH
• COMMUNITY PARK
• PLAYGROUND
• DISC GOLF

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $34 ($413/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $162k (14.9% below list).
• Recommended offer: $162k (14.9% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: 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); Avon Park High School (math 35% / reading 39%, grade F, #340 of 667 statewide, top 52%, 928 students, 67% FRL) — zoned schools at 66% FRL track the district average.
• 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $161,588 (14.9% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.85% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.78%
• DSCR: 1.03
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $284,748
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4220 Almeria Ave	0.41mi	3/2.0 (+1)	1,571 (+1%)	1mo	$320,000	$204	74
3314 Monza Dr	0.22mi	3/2.5 (+1)	1,600 (+3%)	5mo	$275,000	$172	73
4213 Almeria Ave	0.43mi	3/2.0 (+1)	1,534 (-1%)	1mo	$220,000	$143	72
4700 Cortez Blvd	0.32mi	3/2.0 (+1)	1,616 (+4%)	5mo	$309,000	$191	70
2511 Monza Dr	0.36mi	3/2.0 (+1)	1,606 (+3%)	4mo	$250,000	$156	70
3909 EL Rado Ave	0.48mi	3/2.0 (+1)	1,538 (-1%)	3mo	$229,000	$149	68
3905 Barbarossa Ave	0.51mi	3/2.0 (+1)	1,524 (-2%)	1mo	$295,000	$194	67
6930 Spumoni St	0.37mi	3/2.0 (+1)	1,635 (+5%)	8mo	$299,000	$183	63
5563 Matanzas Dr	0.49mi	2/2.0	1,460 (-6%)	7mo	$210,000	$144	61
5580 Matanzas Dr Unit C	0.48mi	2/2.0	1,425 (-8%)	12mo	$180,000	$126	54
6917 Spumoni St	0.36mi	3/2.5 (+1)	1,720 (+10%)	10mo	$315,000	$183	50
3709 Almeria Ave	0.62mi	3/2.0 (+1)	1,477 (-5%)	12mo	$313,000	$212	48

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: -16.5%
• Equity multiple: 0.42×
• Total profit: $-30,762
• Equity at exit: $28,315

10-year hold

• IRR: -10.8%
• Equity multiple: 0.39×
• Total profit: $-32,687
• Equity at exit: $16,419

Cash invested: $53,172 (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: 9.8×

Monthly cashflow live

• Estimated rent: $1,616 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$165 /mo · $1,981/yr
• Insurance: −$79
• HOA: −$2
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $34

Break-even live

Break-even rent $1,572

Max offer price $189,900

Occupancy floor 93%

Sensitivity live

Price	-10% $142	-5% $88	+0% $34	+5% $-19	+10% $-73
Rent	-10% $-93	-5% $-29	+0% $34	+5% $98	+10% $162
Rate	-1.0pp $130	-0.5pp $83	base $34	+0.5pp $-15	+1.0pp $-65

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $2 · $24/yr
• Likely covers: pool

Listing history 11 events

1. 2026-04-27
   status Pending

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

2. 2026-04-27
   historical Active Under Contract 1273-char remark

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

3. 2026-03-30
   price $189,900 1273-char remark

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

4. 2026-03-30
   price $189,900

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

5. 2026-03-30
   price $189,000 1273-char remark

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

6. 2026-02-23
   listed $199,000 Active 1273-char remark

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

7. 2026-02-23
   listed $199,000 Active

   Show marketing remark (1273 chars)

   Located in the desirable Manor Hill community of Sun ‘N Lake of Sebring, this 2-bedroom, 2-bathroom home offers a functional split-bedroom floor plan and excellent potential for cosmetic updates and personalization. The vaulted living room creates an open and airy feel, flowing into a kitchen with an attached breakfast area as well as a separate, dedicated dining space. The primary suite is privately situated and features two walk-in closets, an en suite bathroom with walk-in shower, and a linen closet for additional storage. The second bedroom is located on the opposite side of the home and is adjacent to a full guest bathroom and hall linen closet. Additional features include a 2-car attached garage, roof replaced in 2022, HVAC system installed in 2014, and leased solar panels. Sun ‘N Lake is a special district community offering residents access to parks, playground, disc golf course, two dog parks, miles of sidewalks, and a wildlife preserve. Optional amenities include 36 holes of championship golf, pickleball and tennis courts, and two community pools (membership required). Conveniently located near medical facilities, shopping, and dining. Manor Hill HOA fee is $25 per year. Community rules and regulations are available on the website.

8. 2006-04-04
   soldstatus $211,000
9. 2000-06-30
   soldstatus $93,000
10. 1992-07-01
    soldstatus $12,500
11. 1992-04-01
    soldstatus $195,000

ⓘ 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: $1,981 · $165/mo
• Projected year-2 tax: $1,981 · $165/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 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: $19,391
• − Mortgage interest: −$10,637
• − Property taxes: −$1,981
• − Insurance: −$950
• − Repairs & maintenance: −$1,551
• − Management: −$1,551
• − HOA: −$24
• − Depreciation: −$5,524
• Taxable loss: −$2,828
• Est. tax savings @ 24.0%: +$679
• After-tax cash flow: $1,092/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

-2.6% since first listed

11 events — show timeline

• 2026-04-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Contingent — HAOR as distributed by MLS GRID
• 2026-03-30 Price Changed $189,900 HAOR as distributed by MLS GRID
• 2026-03-30 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $189,000 HAOR as distributed by MLS GRID
• 2026-02-23 Listed $199,000 HAOR as distributed by MLS GRID
• 2026-02-23 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2006-04-04 Sold (Public Records) $211,000 Public Records
• 2000-06-30 Sold (Public Records) $93,000 Public Records
• 1992-07-01 Sold (Public Records) $12,500 Public Records
• 1992-04-01 Sold (Public Records) $195,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $1,981 · +80.0% YoY. Source: county tax records.