3320 Delaware Ave · Sebring, FL 33870

$127,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 190 Days on market

Built 1976 6,000 sqft lot Est $141k · 10% under

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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 +26.9/30.0
• ARV discount +11.8/15.0
• DSCR +9.3/10.0
• 1% rule +6.7/10.0
• 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

This FULLY FURNISHED home in popular Fairmont has everything, right down to the pots, pans and linens! Just bring your toothbrush! Living area floorplan is bright and open. Kitchen has lots of counterspace, cabinets and a breakfast bar. The fully enclosed front porch is a bright, cozy Florida room, with a fold out couch for extra guests. The spacious Master suite has a bath with tub/shower and two closets. Note the utility room at the back of the carport, with washer/dryer hookup and utility sink. There is an 8 X 12 aluminum shed behind the utility room with tools and a workbench that all stay! New HVAC in 2019 and roof in 2017. Awning storm shutters for peace of mind! This home has everyth

Key facts

• Utility room
• New hvac
• Breakfast bar

Tags

• BRIGHT OPEN FLOORPLAN
• BREAKFAST BAR
• FULLY ENCLOSED FRONT PORCH
• UTILITY ROOM
• NEW HVAC
• NEW ROOF

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Sewer available; Other sewer connection
• Home design: Mobile home (residential); Single-story
• Construction: Frame construction; Aluminum siding; Other roof type
• Exterior features: Enclosed patio/porch; Front porch; Paved road frontage

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: High-speed internet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $127k.

Deal economics

• At list price, monthly cash flow is $350 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $127k).
• Recommended offer: $112k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% 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).
• This rent runs 36% 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 $878 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $37k; list at $127k implies a 243% 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 $111,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 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 1976 — 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. 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: 1.17% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.81%
• DSCR: 1.53
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $140,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3353 Delaware Ave	0.05mi	3/2.0	1,200 (+4%)	3mo	$160,000	$133	89
3510 Delaware Ave	0.11mi	2/2.0 (-1)	1,152 (0%)	8mo	$130,000	$113	83
3446 Michigan Ave	0.19mi	2/2.0 (-1)	1,124 (-2%)	8mo	$120,000	$107	76
3248 Fairmount Dr	0.06mi	2/2.0 (-1)	1,056 (-8%)	6mo	$140,000	$133	73
3527 Delaware Ave	0.14mi	2/2.0 (-1)	1,152 (0%)	21mo	$85,000	$74	71
2317 Georgia St	0.25mi	2/2.0 (-1)	1,080 (-6%)	8mo	$150,000	$139	66
2349 Georgia St	0.27mi	3/1.5	1,086 (-6%)	17mo	$133,000	$122	61
1419 Abbey Ln	0.42mi	2/2.0 (-1)	1,248 (+8%)	2mo	$126,000	$101	60
3352 Delaware Ave	0.04mi	2/2.0 (-1)	1,300 (+13%)	14mo	$157,000	$121	60
2602 Georgia St	0.34mi	2/2.0 (-1)	1,056 (-8%)	14mo	$178,000	$169	54
3518 Illinois Ave	0.16mi	2/2.0 (-1)	1,024 (-11%)	19mo	$106,000	$104	53
1404 Abbey Ln	0.47mi	2/2.0 (-1)	1,104 (-4%)	21mo	$140,000	$127	48

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: -2.0%
• Equity multiple: 0.93×
• Total profit: $-2,659
• Equity at exit: $18,936

10-year hold

• IRR: 4.2%
• Equity multiple: 1.27×
• Total profit: $9,496
• Equity at exit: $10,981

Cash invested: $35,560 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,488 medium
• Mortgage (P&I): −$666
• Tax from tax record: −$107 /mo · $1,279/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $350

Break-even live

Break-even rent $1,045

Max offer price $127,000

Occupancy floor 71%

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: $31,750
• Closing costs: $3,810
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $127,000 Active 190 DOM
2. 2026-06-18
   days on market $127,000 Active 189 DOM
3. 2026-06-17
   days on market $127,000 Active 188 DOM
4. 2026-06-16
   days on market $127,000 Active 187 DOM
5. 2026-06-15
   days on market $127,000 Active 186 DOM
6. 2026-06-14
   days on market $127,000 Active 184 DOM
7. 2026-06-10
   days on market $127,000 Active 181 DOM
8. 2026-06-09
   days on market $127,000 Active 180 DOM
9. 2026-06-08
   days on market $127,000 Active 179 DOM
10. 2026-06-07
    days on market $127,000 Active 178 DOM
11. 2026-06-02
    days on market $127,000 Active 173 DOM
12. 2026-06-01
    days on market $127,000 Active 172 DOM
13. 2026-05-31
    days on market $127,000 Active 171 DOM
14. 2026-05-30
    days on market $127,000 Active 170 DOM
15. 2026-04-09
    price $127,000
16. 2026-03-22
    status Active
17. 2026-02-26
    historical Active Under Contract
18. 2026-02-19
    price $129,000
19. 2025-12-10
    listed $134,900 Active
20. 1992-05-01
    soldstatus $37,000

ⓘ 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: $1,279 · $107/mo
• Projected year-2 tax: $1,279 · $107/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: $17,855
• − Mortgage interest: −$7,114
• − Property taxes: −$1,279
• − Insurance: −$635
• − Repairs & maintenance: −$1,428
• − Management: −$1,428
• − Depreciation: −$3,695
• Taxable income: $2,276
• Est. tax owed @ 24.0%: −$546
• After-tax cash flow: $3,654/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

+243.2% since first listed

6 events — show timeline

• 2026-04-09 Price Changed $127,000 HAOR as distributed by MLS GRID
• 2026-03-22 Relisted — HAOR as distributed by MLS GRID
• 2026-02-26 Contingent — HAOR as distributed by MLS GRID
• 2026-02-19 Price Changed $129,000 HAOR as distributed by MLS GRID
• 2025-12-10 Listed $134,900 HAOR as distributed by MLS GRID
• 1992-05-01 Sold (Public Records) $37,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,279 · -0.6% YoY. Source: county tax records.