2817 S Driftwood Ct · Sebring, FL 33825

$115,000

2 bd · 2.0 ba · 1,120 sqft · Manufactured · 203 Days on market

Built 1992 Est $104k · 10% over

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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 +19.6/30.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• ARV discount +2.8/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Imagine sitting on your porch, relaxing and enjoying the pond view just across the street. This partially furnished 2 bedroom 2 bath doublewide on rented land is in Marina Cove, Highlands Ridge. It's a wonderful 55+ community on Bonnet Lake with 2 18 hole golf courses (fees apply). The home was updated in 2018 with attractive wood laminate flooring in the living room and dining area, waterproof laminate in the bathrooms and new appliances. In 2019 new kitchen cabinets and countertops were installed, as well as a new air conditioning system. There is a transferable home warranty until 11/30/21. The garage is spacious enough for a car and golf cart. The home is within walking distance to the residents' clubhouse where you will enjoy the swimming pool and hot tub, exercise room, library/computer room and shuffleboard courts, as well as a boardwalk onto Bonnet Lake. The current monthly lot rent of $465 includes grass cutting and the use of the amenities. There is a small HOA fee of $15/yr. Large dogs are welcome. RV/boat storage is available, subject to availability. Some activities are still enjoyed following CDC guidelines and lots more to come, such as pot lucks, dances and other fun things. The community is located 15 minutes from Sebring's main shopping area, where you will find Walmart, Publix, Winn Dixie, Aldi, Home Depot, Lowes, Ross, Marshalls, Bed Bath & Beyond and more, as well as a plentiful supply of restaurants. A background & credit check is required by the landowner, ask your agent for the application form and full details.

Key facts

• New hot water heater
• New a c
• Updated kitchen

Tags

• TWO 18 HOLE GOLF COURSES
• UPDATED KITCHEN
• CERAMIC WALK IN SHOWER
• NEW A C
• NEW ROOF
• NEW HOT WATER HEATER

Property features AI

Finance

• HOA & community: Land is leased with a monthly land lease payment of $547; Zoning: MH-1

Exterior

• Parking: 1-car garage
• Utilities: Public water; Public sewer; Sewer available
• Home design: Manufactured in-park home; Double wide mobile home; Single-story
• Construction: Metal siding
• Exterior features: Rear screened porch; Shingle roof; Paved road access

Interior

• Kitchen: Microwave; Oven; Range; Dishwasher; Disposal; Refrigerator
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Dryer; Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator; Washer; Vinyl flooring
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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: 475 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 203 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $50k; list at $115k implies a 130% gain — meaningful room to come down on a strong offer.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 203 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
6. 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.
7. 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.
8. 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: 1.02% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.93%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $104,160
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2886 S Dockside Dr	0.15mi	2/2.0	1,120 (0%)	8mo	$75,000	$67	86
2835 S Mainsail Dr	0.15mi	2/2.0	1,200 (+7%)	4mo	$112,000	$93	78
2815 S Dockside Dr	0.06mi	2/2.0	1,000 (-11%)	14mo	$114,000	$114	67

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.68×
• Total profit: $-10,192
• Equity at exit: $17,147

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $2,045
• Equity at exit: $9,943

Cash invested: $32,200 (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 33825

• Home prices YoY: -25.9%
• Active inventory: 475
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,173 medium
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $132

Break-even live

Break-even rent $1,006

Max offer price $115,000

Occupancy floor 84%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2159 E Camp N Comfort Ln Avon Park, FL	1.0	1.0	700	$899	$1.28	10d	1	0.88mi

Listing history 19 events

1. 2026-06-19
   days on market $115,000 Active 203 DOM
2. 2026-06-18
   days on market $115,000 Active 202 DOM
3. 2026-06-17
   days on market $115,000 Active 201 DOM
4. 2026-06-16
   days on market $115,000 Active 200 DOM
5. 2026-06-15
   days on market $115,000 Active 199 DOM
6. 2026-06-14
   days on market $115,000 Active 197 DOM
7. 2026-06-10
   days on market $115,000 Active 194 DOM
8. 2026-06-09
   days on market $115,000 Active 193 DOM
9. 2026-06-08
   days on market $115,000 Active 192 DOM
10. 2026-06-07
    days on market $115,000 Active 191 DOM
11. 2026-06-02
    days on market $115,000 Active 186 DOM
12. 2026-06-01
    days on market $115,000 Active 185 DOM
13. 2026-05-31
    days on market $115,000 Active 184 DOM
14. 2026-05-30
    days on market $115,000 Active 183 DOM
15. 2025-11-28
    listed $115,000 Active
16. 2021-05-28
    soldstatus $49,900 1574-char remark

    Show marketing remark (1574 chars)

    Imagine sitting on your porch, relaxing and enjoying the pond view just across the street. This partially furnished 2 bedroom 2 bath doublewide on rented land is in Marina Cove, Highlands Ridge. It's a wonderful 55+ community on Bonnet Lake with 2 18 hole golf courses (fees apply). The home was updated in 2018 with attractive wood laminate flooring in the living room and dining area, waterproof laminate in the bathrooms and new appliances. In 2019 new kitchen cabinets and countertops were installed, as well as a new air conditioning system. There is a transferable home warranty until 11/30/21. The garage is spacious enough for a car and golf cart. The home is within walking distance to the residents' clubhouse where you will enjoy the swimming pool and hot tub, exercise room, library/computer room and shuffleboard courts, as well as a boardwalk onto Bonnet Lake. The current monthly lot rent of $465 includes grass cutting and the use of the amenities. There is a small HOA fee of $15/yr. Large dogs are welcome. RV/boat storage is available, subject to availability. Some activities are still enjoyed following CDC guidelines and lots more to come, such as pot lucks, dances and other fun things. The community is located 15 minutes from Sebring's main shopping area, where you will find Walmart, Publix, Winn Dixie, Aldi, Home Depot, Lowes, Ross, Marshalls, Bed Bath & Beyond and more, as well as a plentiful supply of restaurants. A background & credit check is required by the landowner, ask your agent for the application form and full details.

17. 2021-05-01
    listed $49,900 1574-char remark

    Show marketing remark (1574 chars)

    Imagine sitting on your porch, relaxing and enjoying the pond view just across the street. This partially furnished 2 bedroom 2 bath doublewide on rented land is in Marina Cove, Highlands Ridge. It's a wonderful 55+ community on Bonnet Lake with 2 18 hole golf courses (fees apply). The home was updated in 2018 with attractive wood laminate flooring in the living room and dining area, waterproof laminate in the bathrooms and new appliances. In 2019 new kitchen cabinets and countertops were installed, as well as a new air conditioning system. There is a transferable home warranty until 11/30/21. The garage is spacious enough for a car and golf cart. The home is within walking distance to the residents' clubhouse where you will enjoy the swimming pool and hot tub, exercise room, library/computer room and shuffleboard courts, as well as a boardwalk onto Bonnet Lake. The current monthly lot rent of $465 includes grass cutting and the use of the amenities. There is a small HOA fee of $15/yr. Large dogs are welcome. RV/boat storage is available, subject to availability. Some activities are still enjoyed following CDC guidelines and lots more to come, such as pot lucks, dances and other fun things. The community is located 15 minutes from Sebring's main shopping area, where you will find Walmart, Publix, Winn Dixie, Aldi, Home Depot, Lowes, Ross, Marshalls, Bed Bath & Beyond and more, as well as a plentiful supply of restaurants. A background & credit check is required by the landowner, ask your agent for the application form and full details.

18. 2018-04-13
    soldstatus $40,000 656-char remark

    Show marketing remark (656 chars)

    Fully furnished (excluding personal items) & equipped 2/2 on leased land with attached garage, large enough for 1 car & 1 golf cart and a very short walk to the clubhouse, main swimming pool/hot tub, exercise room, library & lake. This great 55+ community has 2 pools, shuffleboard, tennis & pickleball as well as 2 golf courses (fees apply). The home has Berber carpet throughout with the exception of the wet areas. Slide in stove in kitchen, breakfast bar & pantry. The view from the rear & screened room is most pleasing, overlooking a pond. Golf cart included. Gated a night. $10 annual HOA in addition to lot rent.

19. 2017-04-06
    listed $44,900 656-char remark

    Show marketing remark (656 chars)

    Fully furnished (excluding personal items) & equipped 2/2 on leased land with attached garage, large enough for 1 car & 1 golf cart and a very short walk to the clubhouse, main swimming pool/hot tub, exercise room, library & lake. This great 55+ community has 2 pools, shuffleboard, tennis & pickleball as well as 2 golf courses (fees apply). The home has Berber carpet throughout with the exception of the wet areas. Slide in stove in kitchen, breakfast bar & pantry. The view from the rear & screened room is most pleasing, overlooking a pond. Golf cart included. Gated a night. $10 annual HOA in addition to lot rent.

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

Taxation est. · year 1

• Rental income: $14,081
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$1,127
• − Management: −$1,127
• − Depreciation: −$3,345
• Taxable loss: −$259
• Est. tax savings @ 24.0%: +$62
• After-tax cash flow: $1,649/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): 25,501
• Household income: $46,949
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 691.0

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 0.64)
• Race & ethnicity: White 51% Hispanic / Latino 27% Black 17% Two or more races 11% Asian 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 13% Cuban 2%
• Common ancestry: Slovak 2% Lithuanian 2% Iranian 1%
• Foreign-born: 10% · Canada, Vietnam, Guatemala
• Languages at home: 74% English-only · Spanish 24% Tagalog/Filipino 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: ▼ -98.54%
• Current HPI: 281.8067
• Rent YoY: —
• 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

+156.1% since first listed

5 events — show timeline

• 2025-11-28 Listed $115,000 HAOR as distributed by MLS GRID
• 2021-05-28 Sold (MLS) $49,900 HAOR as distributed by MLS GRID
• 2021-05-01 Listed $49,900 HAOR as distributed by MLS GRID
• 2018-04-13 Sold (MLS) $40,000 HAOR as distributed by MLS GRID
• 2017-04-06 Listed $44,900 HAOR as distributed by MLS GRID