1432 Little Joe Ave · Sebring, FL 33872

$302,978

4 bd · 2.0 ba · 1,679 sqft · Land · 339 Days on market

Built 2025 10,200 sqft lot

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +6.7/30.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

House completed 10/17/25 Features: Celestial model feature all upgrades to create beauty, durability, and value. Accent lighting highlights tray ceilings, adds depth and visual interest. Appliances are made of quality stainless steel. The appliance package includes refrigerator, range, microwave oven, dishwasher, disposal. Baseboards are 5 ¼ “ to create grandeur and elegance. Bathrooms: Primary bathroom features a large shower and the hall bathroom is a full bathroom. Both have beautiful upgraded doors, and large tile to create value. Ceiling the soaring ceilings reaches nine feet four inches high (9’4”), tray ceiling reach ten feet (10’ 4”) high. C

Key facts

• Lofty ceilings
• Tray ceiling
• Ceiling fan

Tags

• CORNER LOT
• OPEN CONCEPT FLOORPLAN
• LOFTY CEILINGS
• TRAY CEILING
• WALK-IN CLOSET
• CEILING FAN

Property features AI

Finance

• Other: Projected completion date: July 25, 2025; Lot size approximately 0.23 acres; Living area reported as 1,679 square feet; total building area reported as 1,971 square feet; Foundation: block and slab
• HOA & community: No master association indicated

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Septic tank; Electricity connected
• Home design: Single-family residence; One story; North-facing
• Construction: Block construction; Shingle roof; Built as new construction (completed); Built by Waymon Meadows; Builder model FBC2023
• Exterior features: Irrigation equipment; Asphalt road access; Street lights in the community

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Coffered ceilings; Living room/dining room combo; Open floorplan; Split bedroom layout; Thermostat; Tray ceilings; Walk-in closets
• Laundry & utility: Inside laundry room; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $303k.

Deal economics

• At list price, monthly cash flow is $-483 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $233k (23.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (32.7% below list).
• Recommended offer: $204k (32.7% below list) — sets the bar for 1% rule.

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).
• This rent runs 35% of the median local income ($70k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 339 days — a 12% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y ago; this cycle's ask has dropped $22k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $303k implies a 766% 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; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $203,844 (32.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 339 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
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: 0.67% ✗
• Cap rate: 4.38%
• Cash-on-cash: -6.84%
• DSCR: 0.70
• GRM: 12.4

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: -29.6%
• Equity multiple: 0.03×
• Total profit: $-82,588
• Equity at exit: $45,175

10-year hold

• IRR: -37.3%
• Equity multiple: -0.44×
• Total profit: $-122,350
• Equity at exit: $26,196

Cash invested: $84,834 (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: 12.4×

Monthly cashflow live

• Estimated rent: $2,038 medium
• Mortgage (P&I): −$1,589
• Tax est. 1.5%: −$379 /mo · $4,545/yr
• Insurance: −$126
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $-483

Break-even live

Break-even rent $2,650

Max offer price $233,023

Occupancy floor —

Sensitivity live

Price	-10% $-274	-5% $-379	+0% $-483	+5% $-588	+10% $-693
Rent	-10% $-644	-5% $-564	+0% $-483	+5% $-403	+10% $-322
Rate	-1.0pp $-331	-0.5pp $-406	base $-483	+0.5pp $-562	+1.0pp $-642

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: $75,744
• Closing costs: $9,089
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-07
   statusdays on market $302,978 Pending 339 DOM
2. 2026-06-02
   days on market $302,978 Active 336 DOM
3. 2026-06-01
   days on market $302,978 Active 335 DOM
4. 2026-05-31
   days on market $302,978 Active 334 DOM
5. 2026-05-30
   days on market $302,978 Active 333 DOM
6. 2026-04-23
   status Active
7. 2026-04-23
   price $302,978
8. 2026-01-21
   price $325,742
9. 2026-01-21
   price $315,742
10. 2025-12-13
    status Active
11. 2025-12-04
    price $360,000
12. 2025-10-17
    price $376,720
13. 2025-10-16
    price $368,000
14. 2025-06-24
    price $378,000
15. 2025-06-12
    historical
16. 2025-06-10
    listed $325,000 Active
17. 2025-06-09
    historical
18. 2025-02-24
    price $353,833
19. 2025-02-18
    listed $353,833
20. 2025-02-18
    historical
21. 2025-02-17
    listed $325,833 Active
22. 2024-12-16
    price $335,295
23. 2024-11-19
    price $345,295
24. 2024-11-01
    price $335,295
25. 2024-08-22
    soldstatus $35,000
26. 2024-08-19
    listed $320,295 Active
27. 2024-08-16
    soldstatus $35,000 Closed
28. 2024-07-24
    historical Active Under Contract
29. 2023-09-27
    listed $39,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $24,461
• − Mortgage interest: −$16,971
• − Property taxes: −$4,545
• − Insurance: −$1,515
• − Repairs & maintenance: −$1,957
• − Management: −$1,957
• − Depreciation: −$8,814
• Taxable loss: −$11,297
• Est. tax savings @ 24.0%: +$2,711
• After-tax cash flow: $-3,090/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

+659.3% since first listed

24 events — show timeline

• 2026-04-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $302,978 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Price Changed $325,742 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Price Changed $315,742 Stellar MLS as Distributed by MLS Grid
• 2025-12-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-04 Price Changed $360,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-17 Price Changed $376,720 Stellar MLS as Distributed by MLS Grid
• 2025-10-16 Price Changed $368,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-24 Price Changed $378,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-12 Listing Removed — Beaches MLS
• 2025-06-10 Listed $325,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-24 Price Changed $353,833 Stellar MLS as Distributed by MLS Grid
• 2025-02-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-18 Listed $353,833 Beaches MLS
• 2025-02-17 Listed $325,833 Stellar MLS as Distributed by MLS Grid
• 2024-12-16 Price Changed $335,295 Stellar MLS as Distributed by MLS Grid
• 2024-11-19 Price Changed $345,295 Stellar MLS as Distributed by MLS Grid
• 2024-11-01 Price Changed $335,295 Stellar MLS as Distributed by MLS Grid
• 2024-08-22 Sold (Public Records) $35,000 Public Records
• 2024-08-19 Listed $320,295 Stellar MLS as Distributed by MLS Grid
• 2024-08-16 Sold (MLS) $35,000 HAOR as distributed by MLS GRID
• 2024-07-24 Contingent — HAOR as distributed by MLS GRID
• 2023-09-27 Listed $39,900 HAOR as distributed by MLS GRID

Property tax history

+18.5%/yr

Latest (2025): $601 · +181.5% YoY. Source: county tax records.