4920 Granada Blvd · Sebring, FL 33872

$150,000

2 bd · 2.0 ba · 980 sqft · Condo public records · 15 Days on market

Built 1981

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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 +18.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +5.1/10.0
• 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

Beautiful villa in Sun n Lake. Come see this two bedroom, two bathroom home, it has been freshly painted and has brand new shower doors. Home is being sold completely furnished with neutral colors and tile throughout. Sun n Lake has so much to offer whether you are a seasonal resident or full time. Wonderful location surrounded by hospital, medical facilities, area restaurants and shopping. Golf cart accessible community with lots of amenities come enjoy living in paradise.

Key facts

• New faucets
• New ceiling fans
• New a/c and furnace

Tags

• TILE FLOORING THROUGHOUT
• NEW A/C AND FURNACE
• NEW BATHROOM VANITIES
• NEW FAUCETS
• NEW ELECTRICAL OUTLETS
• NEW CEILING FANS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $140 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.4% 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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; moderate wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,750 (1.5% below list)

Questions for the listing agent

1. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 7.42%
• Cash-on-cash: 4.01%
• DSCR: 1.18
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -11.6%
• Equity multiple: 0.59×
• Total profit: $-17,357
• Equity at exit: $22,365

10-year hold

• IRR: -4.4%
• Equity multiple: 0.72×
• Total profit: $-11,564
• Equity at exit: $12,969

Cash invested: $42,000 (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: 8.3×

Monthly cashflow live

• Estimated rent: $1,515 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$207 /mo · $2,487/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $140

Break-even live

Break-even rent $1,337

Max offer price $150,000

Occupancy floor 86%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-05-12
   listed $150,000 Active
2. 2022-07-06
   soldstatus $160,000
3. 2022-06-24
   soldstatus $160,000 478-char remark

   Show marketing remark (478 chars)

   Beautiful villa in Sun n Lake. Come see this two bedroom, two bathroom home, it has been freshly painted and has brand new shower doors. Home is being sold completely furnished with neutral colors and tile throughout. Sun n Lake has so much to offer whether you are a seasonal resident or full time. Wonderful location surrounded by hospital, medical facilities, area restaurants and shopping. Golf cart accessible community with lots of amenities come enjoy living in paradise.

4. 2022-06-12
   listed $160,000 478-char remark

   Show marketing remark (478 chars)

   Beautiful villa in Sun n Lake. Come see this two bedroom, two bathroom home, it has been freshly painted and has brand new shower doors. Home is being sold completely furnished with neutral colors and tile throughout. Sun n Lake has so much to offer whether you are a seasonal resident or full time. Wonderful location surrounded by hospital, medical facilities, area restaurants and shopping. Golf cart accessible community with lots of amenities come enjoy living in paradise.

5. 2022-05-25
   soldstatus $139,000
6. 2022-05-23
   soldstatus $139,000 1491-char remark

   Show marketing remark (1491 chars)

   You will love this beautifully appointed condo in the Golfing Community of Sun ' n Lake. It is located in a small association of 10 units with a shared pool. This is an end unit which makes it light and bright with only one common wall neighbor! The home has an open floor plan with breakfast counter separating the dining room and living room from the kitchen. Sliding glass doors open from the living to the screened lanai. The master bedroom also has sliding glass doors opening to the lanai. The master bedroom has a walk-in closet and a master bathroom with a step-in shower. The guest bedroom also has a walk-in closet. Close the hall pocket door and this becomes a private suite with the hall bath. for guest. This home is perfect for the first-time home buyer or seasonal resident The home comes tastefully furnished and equipped with Florida and golfing decor. The unit has been updated with tiled flooring throughout, plantation closet doors, furniture from Turner Furniture, remodeled kitchen cabinets and counters, bathroom vanities, toilets and exhaust fans along with all ceiling fans. The refrigerator is new in 2022 and the dishwasher replace in 2016. The AC was replaced in 2015. The AC has a 5-year transferable warranty. This home has on been used seasonally in winter and is in move-in ready condition and totally turn-key. Sun 'n Lake has two championship golf courses, club house, pro-shop, driving range, restaurant, tennis, pickleball, community pool and center.

7. 2022-04-26
   listed $139,000 1491-char remark

   Show marketing remark (1491 chars)

   You will love this beautifully appointed condo in the Golfing Community of Sun ' n Lake. It is located in a small association of 10 units with a shared pool. This is an end unit which makes it light and bright with only one common wall neighbor! The home has an open floor plan with breakfast counter separating the dining room and living room from the kitchen. Sliding glass doors open from the living to the screened lanai. The master bedroom also has sliding glass doors opening to the lanai. The master bedroom has a walk-in closet and a master bathroom with a step-in shower. The guest bedroom also has a walk-in closet. Close the hall pocket door and this becomes a private suite with the hall bath. for guest. This home is perfect for the first-time home buyer or seasonal resident The home comes tastefully furnished and equipped with Florida and golfing decor. The unit has been updated with tiled flooring throughout, plantation closet doors, furniture from Turner Furniture, remodeled kitchen cabinets and counters, bathroom vanities, toilets and exhaust fans along with all ceiling fans. The refrigerator is new in 2022 and the dishwasher replace in 2016. The AC was replaced in 2015. The AC has a 5-year transferable warranty. This home has on been used seasonally in winter and is in move-in ready condition and totally turn-key. Sun 'n Lake has two championship golf courses, club house, pro-shop, driving range, restaurant, tennis, pickleball, community pool and center.

8. 2014-03-04
   soldstatus $42,500
9. 2014-02-21
   soldstatus $42,500
10. 2013-11-18
    listed $41,900
11. 2013-10-21
    soldstatus $22,100
12. 2005-08-31
    soldstatus $104,900
13. 2004-05-25
    soldstatus $52,000
14. 1998-08-05
    soldstatus $40,000
15. 1983-04-01
    soldstatus $58,000

ⓘ 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: $2,487 · $207/mo
• Projected year-2 tax: $2,487 · $207/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 5/10 Major
• 🌡 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: $18,180
• − Mortgage interest: −$8,402
• − Property taxes: −$2,487
• − Insurance: −$750
• − Repairs & maintenance: −$1,454
• − Management: −$1,454
• − Depreciation: −$4,364
• Taxable loss: −$732
• Est. tax savings @ 24.0%: +$176
• After-tax cash flow: $1,861/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

+158.6% since first listed

15 events — show timeline

• 2026-05-12 Listed $150,000 FSBO.com
• 2022-07-06 Sold (Public Records) $160,000 Public Records
• 2022-06-24 Sold (MLS) $160,000 HAOR as distributed by MLS GRID
• 2022-06-12 Listed $160,000 HAOR as distributed by MLS GRID
• 2022-05-25 Sold (Public Records) $139,000 Public Records
• 2022-05-23 Sold (MLS) $139,000 HAOR as distributed by MLS GRID
• 2022-04-26 Listed $139,000 HAOR as distributed by MLS GRID
• 2014-03-04 Sold (Public Records) $42,500 Public Records
• 2014-02-21 Sold (MLS) $42,500 HAOR as distributed by MLS GRID
• 2013-11-18 Listed $41,900 HAOR as distributed by MLS GRID
• 2013-10-21 Sold (Public Records) $22,100 Public Records
• 2005-08-31 Sold (Public Records) $104,900 Public Records
• 2004-05-25 Sold (Public Records) $52,000 Public Records
• 1998-08-05 Sold (Public Records) $40,000 Public Records
• 1983-04-01 Sold (Public Records) $58,000 Public Records

Property tax history

+19.3%/yr

Latest (2025): $2,487 · +60.2% YoY. Source: county tax records.