4506 Granada Ave · Sebring, FL 33870

$84,500

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 31 Days on market

Built 1980 6,534 sqft lot Est $85k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.6/15.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Granada Ave, Sebring, FL 33870 — a beautifully updated and move-in-ready 2-bedroom, 1-bath mobile home offered at just $84,500, providing affordable Florida living with modern touches throughout! This home features fresh interior updates including stylish wood-look flooring, bright open living spaces, and a clean neutral color palette that makes the home feel warm and inviting. The spacious layout provides comfortable living with an open kitchen and living area perfect for relaxing or entertaining. Enjoy the updated bathroom, ample natural light, and bonus storage space for added convenience. Outside, the property showcases fresh exterior siding, newly built wooden decks

Key facts

• Bonus storage space
• Updated bathroom
• Open kitchen

Tags

• UPDATED BATHROOM
• OPEN KITCHEN
• BONUS STORAGE SPACE
• FRESH EXTERIOR SIDING
• NEWLY BUILT WOODEN DECKS
• PLENTY OF OUTDOOR SPACE

Property features AI

Exterior

• Parking: 1 parking space
• Utilities: Public water; Septic tank
• Home design: Single-story; Residential mobile home; Frame construction
• Construction: Metal roof
• Exterior features: Side porch

Interior

• Kitchen: Cooktop; Refrigerator
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace; Wall unit cooling
• Interior features: Cooktop; Electric water heater; Refrigerator
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $84k.

Deal economics

• At list price, monthly cash flow is $412 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $84k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.1% 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: Fred Wild Elementary School (math 49% / reading 41%, grade D-, #1,271 of 2,144 statewide, top 60%, 563 students, 87% FRL); Sebring Middle School (math 52% / reading 40%, grade D+, #300 of 571 statewide, top 53%, 815 students, 64% FRL); Sebring High School (math 32% / reading 48%, grade F, #296 of 667 statewide, top 45%, 1,809 students, 56% FRL) — zoned schools at 69% FRL track the district average.
• Market conditions: Rents soft (-0.3%/yr); 481 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 $584 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask is 7724% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $7k; list at $84k implies a 1107% 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; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $81,965 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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.
5. 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.
6. 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: 1.44% ✓
• Cap rate: 12.14%
• Cash-on-cash: 20.89%
• DSCR: 1.93
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $84,672
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4510 Granada Ave	0.01mi	2/1.0	672 (0%)	12mo	$55,000	$82	90
4810 Ferdinand Ave	0.18mi	2/1.0	672 (0%)	11mo	$95,000	$141	83
4815 Desoto Rd	0.21mi	2/1.0	672 (0%)	14mo	$85,000	$126	78
4721 Alhambra Ave	0.21mi	2/2.0	672 (0%)	13mo	$65,000	$97	76
4611 Ferdinand Ave	0.11mi	2/2.0	672 (0%)	24mo	$85,000	$126	71

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: 10.0%
• Equity multiple: 1.38×
• Total profit: $8,982
• Equity at exit: $12,599

10-year hold

• IRR: 16.6%
• Equity multiple: 2.18×
• Total profit: $27,832
• Equity at exit: $7,306

Cash invested: $23,660 (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: 481
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,215 medium
• Mortgage (P&I): −$443
• Tax from tax record: −$70 /mo · $834/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $412

Break-even live

Break-even rent $693

Max offer price $84,500

Occupancy floor 61%

Sensitivity live

Price	-10% $460	-5% $436	+0% $412	+5% $388	+10% $364
Rent	-10% $316	-5% $364	+0% $412	+5% $460	+10% $508
Rate	-1.0pp $455	-0.5pp $433	base $412	+0.5pp $390	+1.0pp $368

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: $21,125
• Closing costs: $2,535
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $84,500 Active 31 DOM
2. 2026-06-19
   days on market $84,500 Active 29 DOM
3. 2026-06-18
   days on market $84,500 Active 28 DOM
4. 2026-06-17
   days on market $84,500 Active 27 DOM
5. 2026-06-16
   days on market $84,500 Active 26 DOM
6. 2026-06-15
   days on market $84,500 Active 25 DOM
7. 2026-06-14
   days on market $84,500 Active 23 DOM
8. 2026-06-10
   days on market $84,500 Active 20 DOM
9. 2026-06-09
   days on market $84,500 Active 19 DOM
10. 2026-06-08
    days on market $84,500 Active 18 DOM
11. 2026-06-07
    days on market $84,500 Active 17 DOM
12. 2026-06-02
    days on market $84,500 Active 12 DOM
13. 2026-06-01
    days on market $84,500 Active 11 DOM
14. 2026-05-31
    days on market $84,500 Active 10 DOM
15. 2026-05-30
    days on market $84,500 Active 9 DOM
16. 2026-05-24
    listed $1,080
17. 2026-05-21
    listed $84,500 Active
18. 2026-03-01
    historical $1,080
19. 2026-02-17
    listed $1,080
20. 2021-07-15
    soldstatus $7,000
21. 2000-03-22
    soldstatus $7,000

ⓘ 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: $834 · $70/mo
• Projected year-2 tax: $834 · $70/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 · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,580
• − Mortgage interest: −$4,733
• − Property taxes: −$834
• − Insurance: −$422
• − Repairs & maintenance: −$1,166
• − Management: −$1,166
• − Depreciation: −$2,458
• Taxable income: $3,799
• Est. tax owed @ 24.0%: −$912
• After-tax cash flow: $4,032/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

-84.6% since first listed

6 events — show timeline

• 2026-05-24 Listed for Rent $1,080 TENANTCLOUD
• 2026-05-21 Listed $84,500 HAOR as distributed by MLS GRID
• 2026-03-01 Rental Removed $1,080 TENANTCLOUD
• 2026-02-17 Listed for Rent $1,080 TENANTCLOUD
• 2021-07-15 Sold (Public Records) $7,000 Public Records
• 2000-03-22 Sold (Public Records) $7,000 Public Records

Property tax history

+7.9%/yr

Latest (2025): $834 · +4.1% YoY. Source: county tax records.