3422 New York Ave · Sebring, FL 33870

$116,000

2 bd · 2.0 ba · 720 sqft · Manufactured public records · 230 Days on market

Built 1973 5,966 sqft lot Est $94k · 23% over

---

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 +23.6/30.0
• DSCR +7.6/10.0
• 1% rule +5.6/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice, furnished mobile home with DETACHED GARAGE/WORKSHOP! Plus a 2nd driveway off Kansas St, which is ideal for extra parking space. Cozy, inviting front porch leads to the bright & spacious family room which opens into the large living room. Wonderfully updated eat-in kitchen with tile backsplash, stainless steel appliances (except for dishwasher), under cabinet lighting, lovely light-colored cabinets and a great pull-out pantry with slide-outs. Good sized bedrooms and the larger one has double closets. Spacious bathroom with wide vanity, linen closet and tub. BRAND NEW AC replaced in March 2025 by Long's Air Conditioning Inc. , 2017 roof, irrigated lawn and patio beside the garage, which is great for grilling. The 22' x 14' garage has electric, includes the washer and dryer plus there's space for a workshop area. Great corner lot and ideally located just over half a mile from Walmart, Publix and US Highway 27 that leads to major shopping and restaurants. Set in the popular Fairmount Mobile Estates, where you own the land and there's no HOA fees. In the quaint Town of Sebring, the most recent “Home Town Take Over” by HGTV and Home of the 12 Hours of Sebring Race.

Key facts

• Natural light
• Open porch
• Electric fireplace

Tags

• DETACHED GARAGE
• NEW SHED
• OPEN PORCH
• STAINLESS STEEL APPLIANCES
• ELECTRIC FIREPLACE
• NATURAL LIGHT

Property features AI

Exterior

• Parking: One-car garage; One-car carport; Driveway; On-street parking
• Utilities: Public water; Public sewer available; Sewer available
• Home design: Residential mobile home; Single-story; 1973 model year
• Construction: Metal siding; Other roof type
• Exterior features: Awnings; Front porch; Patio; Shed(s); Workshop

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator
• Bedrooms: Total of 8 rooms (includes bedrooms and living areas)
• Flooring: Carpet; Linoleum; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Blinds and drapes; Furnished; Electric fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $116k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $116k).
• Recommended offer: $102k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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 soft (-0.3%/yr); 475 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 $802 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 230 days — a 12% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $102,080 (12.0% below list)

Questions for the listing agent

1. It's been on market 230 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.06% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.06%
• DSCR: 1.36
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $94,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3447 Delaware Ave	0.09mi	2/2.0	720 (0%)	5mo	$85,000	$118	92
3345 New York Ave	0.05mi	2/1.0	720 (0%)	11mo	$110,000	$153	84
3328 Illinois Ave	0.08mi	2/2.0	732 (+2%)	14mo	$82,500	$113	82
2413 Georgia St	0.20mi	2/1.5	720 (0%)	13mo	$112,000	$156	78
3208 Delaware Ave	0.15mi	2/1.0	672 (-7%)	7mo	$75,000	$112	72
3344 Maine Ave	0.17mi	2/2.0	672 (-7%)	11mo	$75,000	$112	72
2301 Georgia St	0.16mi	2/1.0	672 (-7%)	8mo	$80,000	$119	71
3336 Maine Ave	0.17mi	2/1.5	786 (+9%)	6mo	$98,500	$125	69
3622 Delaware Ave	0.13mi	3/2.0 (+1)	816 (+13%)	1mo	$120,000	$147	65
3147 Delaware Ave	0.18mi	2/1.0	672 (-7%)	14mo	$140,000	$208	65
3607 Indiana Ave	0.22mi	2/1.0	672 (-7%)	13mo	$88,000	$131	64
2634 Georgia St	0.27mi	2/2.0	784 (+9%)	12mo	$109,000	$139	62

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: -7.3%
• Equity multiple: 0.74×
• Total profit: $-8,512
• Equity at exit: $17,296

10-year hold

• IRR: -1.8%
• Equity multiple: 0.89×
• Total profit: $-3,492
• Equity at exit: $10,030

Cash invested: $32,480 (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: 475
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,231 medium
• Mortgage (P&I): −$608
• Tax from tax record: −$97 /mo · $1,167/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $218

Break-even live

Break-even rent $954

Max offer price $116,000

Occupancy floor 77%

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: $29,000
• Closing costs: $3,480
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $116,000 Active 230 DOM
2. 2026-06-18
   days on market $116,000 Active 229 DOM
3. 2026-06-17
   days on market $116,000 Active 228 DOM
4. 2026-06-16
   days on market $116,000 Active 227 DOM
5. 2026-06-15
   days on market $116,000 Active 226 DOM
6. 2026-06-14
   days on market $116,000 Active 224 DOM
7. 2026-06-10
   days on market $116,000 Active 221 DOM
8. 2026-06-09
   days on market $116,000 Active 220 DOM
9. 2026-06-08
   days on market $116,000 Active 219 DOM
10. 2026-06-07
    days on market $116,000 Active 218 DOM
11. 2026-06-02
    days on market $116,000 Active 213 DOM
12. 2026-06-01
    days on market $116,000 Active 212 DOM
13. 2026-05-31
    days on market $116,000 Active 211 DOM
14. 2026-05-30
    days on market $116,000 Active 210 DOM
15. 2026-05-15
    status Active
16. 2026-05-12
    historical Active Under Contract
17. 2026-04-28
    price $116,000
18. 2026-02-01
    price $120,000
19. 2025-11-01
    listed $124,000 Active
20. 2025-05-01
    soldstatus $110,000 Closed 1201-char remark

    Show marketing remark (1201 chars)

    Nice, furnished mobile home with DETACHED GARAGE/WORKSHOP! Plus a 2nd driveway off Kansas St, which is ideal for extra parking space. Cozy, inviting front porch leads to the bright & spacious family room which opens into the large living room. Wonderfully updated eat-in kitchen with tile backsplash, stainless steel appliances (except for dishwasher), under cabinet lighting, lovely light-colored cabinets and a great pull-out pantry with slide-outs. Good sized bedrooms and the larger one has double closets. Spacious bathroom with wide vanity, linen closet and tub. BRAND NEW AC replaced in March 2025 by Long's Air Conditioning Inc. , 2017 roof, irrigated lawn and patio beside the garage, which is great for grilling. The 22' x 14' garage has electric, includes the washer and dryer plus there's space for a workshop area. Great corner lot and ideally located just over half a mile from Walmart, Publix and US Highway 27 that leads to major shopping and restaurants. Set in the popular Fairmount Mobile Estates, where you own the land and there's no HOA fees. In the quaint Town of Sebring, the most recent “Home Town Take Over” by HGTV and Home of the 12 Hours of Sebring Race.

21. 2025-04-13
    status Pending 1201-char remark

    Show marketing remark (1201 chars)

    Nice, furnished mobile home with DETACHED GARAGE/WORKSHOP! Plus a 2nd driveway off Kansas St, which is ideal for extra parking space. Cozy, inviting front porch leads to the bright & spacious family room which opens into the large living room. Wonderfully updated eat-in kitchen with tile backsplash, stainless steel appliances (except for dishwasher), under cabinet lighting, lovely light-colored cabinets and a great pull-out pantry with slide-outs. Good sized bedrooms and the larger one has double closets. Spacious bathroom with wide vanity, linen closet and tub. BRAND NEW AC replaced in March 2025 by Long's Air Conditioning Inc. , 2017 roof, irrigated lawn and patio beside the garage, which is great for grilling. The 22' x 14' garage has electric, includes the washer and dryer plus there's space for a workshop area. Great corner lot and ideally located just over half a mile from Walmart, Publix and US Highway 27 that leads to major shopping and restaurants. Set in the popular Fairmount Mobile Estates, where you own the land and there's no HOA fees. In the quaint Town of Sebring, the most recent “Home Town Take Over” by HGTV and Home of the 12 Hours of Sebring Race.

22. 2025-04-09
    listed $114,900 Active 1201-char remark

    Show marketing remark (1201 chars)

    Nice, furnished mobile home with DETACHED GARAGE/WORKSHOP! Plus a 2nd driveway off Kansas St, which is ideal for extra parking space. Cozy, inviting front porch leads to the bright & spacious family room which opens into the large living room. Wonderfully updated eat-in kitchen with tile backsplash, stainless steel appliances (except for dishwasher), under cabinet lighting, lovely light-colored cabinets and a great pull-out pantry with slide-outs. Good sized bedrooms and the larger one has double closets. Spacious bathroom with wide vanity, linen closet and tub. BRAND NEW AC replaced in March 2025 by Long's Air Conditioning Inc. , 2017 roof, irrigated lawn and patio beside the garage, which is great for grilling. The 22' x 14' garage has electric, includes the washer and dryer plus there's space for a workshop area. Great corner lot and ideally located just over half a mile from Walmart, Publix and US Highway 27 that leads to major shopping and restaurants. Set in the popular Fairmount Mobile Estates, where you own the land and there's no HOA fees. In the quaint Town of Sebring, the most recent “Home Town Take Over” by HGTV and Home of the 12 Hours of Sebring Race.

ⓘ 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: $1,167 · $97/mo
• Projected year-2 tax: $1,167 · $97/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 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: $14,767
• − Mortgage interest: −$6,498
• − Property taxes: −$1,167
• − Insurance: −$580
• − Repairs & maintenance: −$1,181
• − Management: −$1,181
• − Depreciation: −$3,375
• Taxable income: $785
• Est. tax owed @ 24.0%: −$188
• After-tax cash flow: $2,431/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

+1.0% since first listed

8 events — show timeline

• 2026-05-15 Relisted — HAOR as distributed by MLS GRID
• 2026-05-12 Contingent — HAOR as distributed by MLS GRID
• 2026-04-28 Price Changed $116,000 HAOR as distributed by MLS GRID
• 2026-02-01 Price Changed $120,000 HAOR as distributed by MLS GRID
• 2025-11-01 Listed $124,000 HAOR as distributed by MLS GRID
• 2025-05-01 Sold (MLS) $110,000 HAOR as distributed by MLS GRID
• 2025-04-13 Pending — HAOR as distributed by MLS GRID
• 2025-04-09 Listed $114,900 HAOR as distributed by MLS GRID

Property tax history

+7.3%/yr

Latest (2025): $1,167 · +1.7% YoY. Source: county tax records.