3200 Fairmount Dr · Sebring, FL 33870

$69,900

3 bd · 2.0 ba · 840 sqft · Manufactured public records · 46 Days on market

Built 1978 6,300 sqft lot Est $109k · 36% under

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 MLS

Come see this up-dated 2/2 mobile home on owned land and completely furnished. You will love the convenience of all your favorite places to eat and shop just minutes away and in walking distance of Wal- Mart. This lovely mobile home has had many up-dates including new vinyl flooring, carpet, smooth top range, refrigerator, bathroom fixtures, AC 1 yr old, new vinyl windows on porch. Also a Smith Built shed in back with numerous tools left for the handy man. Metal roof was newly coated and inside walls were freshly painted. Be sure to see this one before its gone.

Key facts

• Two outside sheds
• Back utility room
• Screen porch

Tags

• COVERED CARPORT PARKING
• SCREEN PORCH
• BACK UTILITY ROOM
• TWO OUTSIDE SHEDS

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Septic tank
• Home design: Residential mobile home; Single-story
• Construction: Metal roof; Metal siding; Aluminum siding
• Exterior features: Enclosed patio/porch; Screened patio/porch; Side porch; Pets allowed; Paved road access; 50 ft frontage

Interior

• Kitchen: Oven; Range; Refrigerator
• Flooring: Carpet; Laminate; Simulated wood; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Partially furnished; 9 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $70k.

Deal economics

• At list price, monthly cash flow is $682 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.0% vs local median 4.2% 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 soft (-0.3%/yr); 480 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• This rent runs 34% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $56k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 2.05% ✓
• Cap rate: 17.99%
• Cash-on-cash: 41.79%
• DSCR: 2.86
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $109,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3622 Delaware Ave	0.28mi	3/2.0	816 (-3%)	2mo	$120,000	$147	81
3352 Illinois Ave	0.21mi	2/1.5 (-1)	842 (+0%)	11mo	$83,400	$99	74
3320 Michigan Ave	0.24mi	2/2.0 (-1)	854 (+2%)	16mo	$111,900	$131	68
3248 Delaware Ave	0.08mi	2/2.0 (-1)	960 (+14%)	2mo	$125,000	$130	66
3336 Maine Ave	0.29mi	2/1.5 (-1)	786 (-6%)	6mo	$98,500	$125	63
3447 Delaware Ave	0.18mi	2/2.0 (-1)	720 (-14%)	5mo	$85,000	$118	58
3502 Fairmount Dr	0.19mi	3/2.0	924 (+10%)	20mo	$120,000	$130	58
2634 Georgia St	0.43mi	2/2.0 (-1)	784 (-7%)	12mo	$109,000	$139	54
3328 Illinois Ave	0.19mi	2/2.0 (-1)	732 (-13%)	14mo	$82,500	$113	53
3345 New York Ave	0.14mi	2/1.0 (-1)	720 (-14%)	11mo	$110,000	$153	51
3415 Maine Ave	0.28mi	2/2.0 (-1)	946 (+13%)	14mo	$90,000	$95	50
2413 Georgia St	0.39mi	2/1.5 (-1)	720 (-14%)	14mo	$112,000	$156	40

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: 35.1%
• Equity multiple: 2.42×
• Total profit: $27,883
• Equity at exit: $10,422

10-year hold

• IRR: 40.3%
• Equity multiple: 4.27×
• Total profit: $63,946
• Equity at exit: $6,044

Cash invested: $19,572 (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: 4.1×

Monthly cashflow live

• Estimated rent: $1,434 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$55 /mo · $665/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $682

Break-even live

Break-even rent $571

Max offer price $69,900

Occupancy floor 47%

Sensitivity live

Price	-10% $721	-5% $701	+0% $682	+5% $662	+10% $642
Rent	-10% $568	-5% $625	+0% $682	+5% $738	+10% $795
Rate	-1.0pp $717	-0.5pp $699	base $682	+0.5pp $663	+1.0pp $645

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $69,900 Active 46 DOM
2. 2026-06-19
   days on market $69,900 Active 44 DOM
3. 2026-06-18
   days on market $69,900 Active 43 DOM
4. 2026-06-17
   days on market $69,900 Active 42 DOM
5. 2026-06-16
   days on market $69,900 Active 41 DOM
6. 2026-06-15
   days on market $69,900 Active 40 DOM
7. 2026-06-14
   days on market $69,900 Active 38 DOM
8. 2026-06-10
   days on market $69,900 Active 35 DOM
9. 2026-06-09
   days on market $69,900 Active 34 DOM
10. 2026-06-08
    days on market $69,900 Active 33 DOM
11. 2026-06-07
    remarks 690-char remark
12. 2026-06-07
    pricedays on market $69,900 Active 32 DOM
13. 2026-06-02
    days on market $74,900 Active 27 DOM
14. 2026-06-01
    days on market $74,900 Active 26 DOM
15. 2026-05-31
    days on market $74,900 Active 25 DOM
16. 2026-05-30
    days on market $74,900 Active 24 DOM
17. 2026-05-06
    listed $74,900 Active
18. 2019-05-24
    soldstatus $56,000
19. 2019-05-23
    soldstatus $56,000 568-char remark

    Show marketing remark (568 chars)

    Come see this up-dated 2/2 mobile home on owned land and completely furnished. You will love the convenience of all your favorite places to eat and shop just minutes away and in walking distance of Wal- Mart. This lovely mobile home has had many up-dates including new vinyl flooring, carpet, smooth top range, refrigerator, bathroom fixtures, AC 1 yr old, new vinyl windows on porch. Also a Smith Built shed in back with numerous tools left for the handy man. Metal roof was newly coated and inside walls were freshly painted. Be sure to see this one before its gone.

20. 2019-04-18
    listed $57,900 568-char remark

    Show marketing remark (568 chars)

    Come see this up-dated 2/2 mobile home on owned land and completely furnished. You will love the convenience of all your favorite places to eat and shop just minutes away and in walking distance of Wal- Mart. This lovely mobile home has had many up-dates including new vinyl flooring, carpet, smooth top range, refrigerator, bathroom fixtures, AC 1 yr old, new vinyl windows on porch. Also a Smith Built shed in back with numerous tools left for the handy man. Metal roof was newly coated and inside walls were freshly painted. Be sure to see this one before its gone.

21. 2007-05-17
    soldstatus $56,000
22. 2006-08-08
    soldstatus $65,000

ⓘ 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: $665 · $55/mo
• Projected year-2 tax: $665 · $55/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 9/10 Extreme 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: $17,205
• − Mortgage interest: −$3,915
• − Property taxes: −$665
• − Insurance: −$350
• − Repairs & maintenance: −$1,376
• − Management: −$1,376
• − Depreciation: −$2,033
• Taxable income: $7,489
• Est. tax owed @ 24.0%: −$1,797
• After-tax cash flow: $6,381/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

+15.2% since first listed

6 events — show timeline

• 2026-05-06 Listed $74,900 HAOR as distributed by MLS GRID
• 2019-05-24 Sold (Public Records) $56,000 Public Records
• 2019-05-23 Sold (MLS) $56,000 HAOR as distributed by MLS GRID
• 2019-04-18 Listed $57,900 HAOR as distributed by MLS GRID
• 2007-05-17 Sold (Public Records) $56,000 Public Records
• 2006-08-08 Sold (Public Records) $65,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $665 · +3.9% YoY. Source: county tax records.