11455 US 27 #12 S · Sebring, FL 33875

$29,900

4 bd · 4.0 ba · 1,260 sqft · Manufactured public records · 87 Days on market

Built 1973

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Relaxed Lakeside Living in Burke’s RV Park – Lake Josephine Welcome to easy, laid-back Florida living in this charming 2008 single-wide home located in the peaceful and highly sought-after Burke’s RV Park on the shores of beautiful Lake Josephine. Known as a hidden gem, this well-maintained community offers low lot rents, on-site management, and a friendly atmosphere with a unique blend of apartments and mobile homes. Residents enjoy access to boat slips, a covered picnic area, and stunning natural surroundings filled with lush landscaping and majestic oak trees. Whether you're looking for a seasonal retreat or a full-time residence, this community offers the perfect balance of relaxation and convenience. This inviting 1-bedroom, 1-bath home features a spacious open floor plan designed for comfortable living and entertaining. The kitchen is ideal for home chefs, complete with a gas stove and its own dedicated tank for added efficiency. The living and dining areas flow seamlessly, creating a bright and welcoming space. One of the standout features is the full-length open lanai, providing generous additional living space — perfect for gatherings, hobbies, morning coffee, or simply enjoying the Florida breeze. Priced to sell, this property presents an excellent opportunity for downsizing, investing in a winter getaway, or enjoying affordable year-round lakeside living. Come experience the charm and tranquility of Burke’s RV Park — where every day feels like a vacation.

Key facts

• Enclosed side porch
• Water views
• Fenced-in area

Tags

• WATER VIEWS
• ENCLOSED SIDE PORCH
• UPDATED BATHROOM
• COVERED CARPORT
• STORAGE SHED
• FENCED-IN AREA

Property features AI

Finance

• HOA & community: Land is leased with a monthly land lease of $550

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Septic tank / no sewer available
• Home design: Manufactured in-park home; Single-wide mobile home; One level; King model; Facing MH-1 zoning
• Construction: Metal siding; Metal roof
• Exterior features: Screened porch; Side porch; Paved road access

Interior

• Flooring: Hardwood; Laminate; Simulated wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Hardwood and laminate (simulated wood) flooring; 6 total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.
• Cap rate 60.7% 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: 388 active listings in the ZIP; solid renter incomes; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• This rent runs 31% of the median local income ($77k/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 $207 of loan paydown is wiped out by about $897 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $3k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $28,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% 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: 6.61% ✓
• Cap rate: 60.67%
• Cash-on-cash: 194.19%
• DSCR: 9.64
• GRM: 1.3

CMA / ARV

• ARV (on-the-fly): $127,260
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Shelby St	0.25mi	3/2.0 (-1)	1,188 (-6%)	1mo	$95,000	$80	65
119 Logan St	0.24mi	3/2.0 (-1)	1,284 (+2%)	10mo	$130,000	$101	64

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: —
• Equity multiple: 10.73×
• Total profit: $81,471
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 22.76×
• Total profit: $182,173
• Equity at exit: $2,585

Cash invested: $8,372 (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 33875

• Home prices YoY: -34.5%
• Active inventory: 388
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $1,976 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $448/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $1,355

Break-even live

Break-even rent $262

Max offer price $29,900

Occupancy floor 26%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-15
   status $29,900 Pending 87 DOM
2. 2026-06-15
   days on market $29,900 Active 87 DOM
3. 2026-06-14
   days on market $29,900 Active 85 DOM
4. 2026-06-10
   days on market $29,900 Active 82 DOM
5. 2026-06-09
   days on market $29,900 Active 81 DOM
6. 2026-06-08
   days on market $29,900 Active 80 DOM
7. 2026-06-07
   days on market $29,900 Active 79 DOM
8. 2026-06-02
   days on market $29,900 Active 74 DOM
9. 2026-06-01
   days on market $29,900 Active 73 DOM
10. 2026-05-31
    days on market $29,900 Active 72 DOM
11. 2026-05-30
    days on market $29,900 Active 71 DOM
12. 2026-05-01
    price $29,900
13. 2026-03-20
    listed $32,900 Active
14. 2026-02-24
    listed $24,900 Active 1529-char remark

    Show marketing remark (1529 chars)

    Relaxed Lakeside Living in Burke’s RV Park – Lake Josephine Welcome to easy, laid-back Florida living in this charming 2008 single-wide home located in the peaceful and highly sought-after Burke’s RV Park on the shores of beautiful Lake Josephine. Known as a hidden gem, this well-maintained community offers low lot rents, on-site management, and a friendly atmosphere with a unique blend of apartments and mobile homes. Residents enjoy access to boat slips, a covered picnic area, and stunning natural surroundings filled with lush landscaping and majestic oak trees. Whether you're looking for a seasonal retreat or a full-time residence, this community offers the perfect balance of relaxation and convenience. This inviting 1-bedroom, 1-bath home features a spacious open floor plan designed for comfortable living and entertaining. The kitchen is ideal for home chefs, complete with a gas stove and its own dedicated tank for added efficiency. The living and dining areas flow seamlessly, creating a bright and welcoming space. One of the standout features is the full-length open lanai, providing generous additional living space — perfect for gatherings, hobbies, morning coffee, or simply enjoying the Florida breeze. Priced to sell, this property presents an excellent opportunity for downsizing, investing in a winter getaway, or enjoying affordable year-round lakeside living. Come experience the charm and tranquility of Burke’s RV Park — where every day feels like a vacation.

15. 2026-02-19
    listed $28,000 Active 1253-char remark

    Show marketing remark (1253 chars)

    Enjoy relaxed lakeside living in this charming single-wide home located in peaceful Burke’s RV Park, a hidden gem known for its laid-back Florida lifestyle and friendly atmosphere. Nestled along the shores of Lake Josephine, this well-maintained community offers low lot rents, on-site management, and a unique mix of apartments and mobile homes. Residents enjoy access to boat slips, a covered picnic area, and beautiful surroundings filled with lush landscaping and majestic oak trees — creating a quiet, welcoming place to call home. This inviting 2-bedroom, 1-bath residence features a spacious open kitchen overlooking the living room, perfect for entertaining or relaxing. Home chefs will appreciate the gas stove with its own tank, offering both efficiency and convenience. The full-length lanai adds generous additional living space ideal for gatherings, hobbies, or simply enjoying the breeze. Outside, you’ll find three sheds — one set up as a laundry room with newer washer and dryer, plus two additional storage buildings, including one currently used as a woodworking man cave. Priced to sell, this property offers an excellent opportunity for seasonal living, downsizing, or affordable year-round Florida enjoyment.

16. 2023-07-07
    soldstatus $750,000
17. 2019-08-15
    soldstatus $7,500
18. 2019-07-08
    listed $7,500
19. 2005-09-06
    soldstatus $575,700
20. 1987-09-01
    soldstatus $250,000

ⓘ 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: $23,718
• − Mortgage interest: −$1,675
• − Property taxes: −$448
• − Insurance: −$150
• − Repairs & maintenance: −$1,897
• − Management: −$1,897
• − Depreciation: −$870
• Taxable income: $16,780
• Est. tax owed @ 24.0%: −$4,027
• After-tax cash flow: $12,230/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): 11,856
• Household income: $77,482
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 67.0

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: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 11% Black 4% Two or more races 3% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 4% Cuban 1%
• Common ancestry: Slovak 5% Romanian 2% Hispanic 2%
• Foreign-born: 6% · Canada, Guatemala
• Languages at home: 90% English-only · Spanish 7% 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: ▼ -119.47%
• Current HPI: 227.1061
• 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

-88.0% since first listed

9 events — show timeline

• 2026-05-01 Price Changed $29,900 HAOR as distributed by MLS GRID
• 2026-03-20 Listed $32,900 HAOR as distributed by MLS GRID
• 2026-02-24 Listed $24,900 HAOR as distributed by MLS GRID
• 2026-02-19 Listed $28,000 HAOR as distributed by MLS GRID
• 2023-07-07 Sold (Public Records) $750,000 Public Records
• 2019-08-15 Sold (MLS) $7,500 HAOR as distributed by MLS GRID
• 2019-07-08 Listed $7,500 HAOR as distributed by MLS GRID
• 2005-09-06 Sold (Public Records) $575,700 Public Records
• 1987-09-01 Sold (Public Records) $250,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $10,383 · +3.8% YoY. Source: county tax records.