1571 Caribbean Rd · Sebring, FL 33870

$169,900

2 bd · 2.0 ba · 1,392 sqft · Manufactured public records · 65 Days on market

Built 1988 4,792 sqft lot Est $153k · 11% over $50/mo HOA · 4% of rent

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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 +13.7/30.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• 1% rule +3.3/10.0
• Livability +3.3/5.0
• ARV discount +2.6/15.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Sebring Falls, one of Sebring's best kept mobile home park secrets! Home is on owned land & great pool/clubhouse activities for only $40 a month! Open Floor plan & spacious sun room and patios! Fully furnished down to the linens, tools, & more!

Key facts

• Inside laundry area
• Covered carport
• Spacious sunroom

Tags

• SPACIOUS SUNROOM
• LARGE ATTACHED WORKSHOP
• COVERED CARPORT
• INSIDE LAUNDRY AREA
• ACCESS TO CLUBHOUSE
• SOLAR HEATED POOL

Property features AI

Finance

• HOA & community: Homeowners association with $50 monthly fee; Community clubhouse; Senior community

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Mobile Home; One level; Residential property
• Construction: Frame construction with metal siding; Metal roof
• Exterior features: Screened porch; Side porch; Community pool

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator; Electric water heater
• Bedrooms: Total rooms: 6
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; High-speed internet; Furnished; Blinds and drapes
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $11 ($132/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (17.4% below list).
• Recommended offer: $140k (17.4% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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; 1 comparable units currently listed for rent nearby; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• This rent runs 34% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y 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 $100k; list at $170k implies a 70% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,273 (17.4% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.83% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.28%
• DSCR: 1.01
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $153,120
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1523 Caribbean Rd	0.23mi	2/2.0	1,368 (-2%)	1mo	$150,000	$110	85
1543 St Thomas Ave	0.11mi	2/2.0	1,344 (-3%)	12mo	$97,000	$72	79
2209 Bahama Rd W	0.09mi	2/2.0	1,344 (-3%)	16mo	$130,000	$97	77
2109 Caribbean Rd	0.19mi	3/2.0 (+1)	1,344 (-3%)	12mo	$159,900	$119	70
1525 Caribbean Rd	0.22mi	2/2.0	1,488 (+7%)	12mo	$145,000	$97	68
1528 Caribbean Rd	0.23mi	2/2.0	1,248 (-10%)	6mo	$154,900	$124	67
1553 Caribbean Rd	0.09mi	2/2.0	1,296 (-7%)	21mo	$160,000	$123	67
1564 St Thomas Ave	0.02mi	2/2.0	1,512 (+9%)	22mo	$150,000	$99	67
1534 Caribbean Rd	0.20mi	2/2.0	1,276 (-8%)	17mo	$180,000	$141	63
1507 Caribbean Rd	0.23mi	3/2.0 (+1)	1,188 (-15%)	2mo	$155,000	$130	58
2972 Louis St	0.52mi	2/2.0	1,481 (+6%)	21mo	$90,000	$61	47
3009 Hammock Ter	0.71mi	3/2.0 (+1)	1,512 (+9%)	1mo	$150,000	$99	47

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: -19.1%
• Equity multiple: 0.35×
• Total profit: $-30,969
• Equity at exit: $25,333

10-year hold

• IRR: -18.9%
• Equity multiple: 0.12×
• Total profit: $-42,060
• Equity at exit: $14,690

Cash invested: $47,572 (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: 10.1×

Monthly cashflow live

• Estimated rent: $1,403 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$71
• HOA: −$50
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $11

Break-even live

Break-even rent $1,389

Max offer price $169,900

Occupancy floor 94%

Sensitivity live

Price	-10% $107	-5% $59	+0% $11	+5% $-37	+10% $-85
Rent	-10% $-100	-5% $-44	+0% $11	+5% $66	+10% $122
Rate	-1.0pp $97	-0.5pp $54	base $11	+0.5pp $-33	+1.0pp $-78

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2545 Brunns Rd Sebring, FL	3.0	2.0	1248	$1,600	$1.28	21d	1	0.48mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: pool

Listing history 19 events

1. 2026-06-19
   days on market $169,900 Active 65 DOM
2. 2026-06-18
   days on market $169,900 Active 64 DOM
3. 2026-06-17
   days on market $169,900 Active 63 DOM
4. 2026-06-16
   days on market $169,900 Active 62 DOM
5. 2026-06-15
   days on market $169,900 Active 61 DOM
6. 2026-06-14
   days on market $169,900 Active 59 DOM
7. 2026-06-10
   days on market $169,900 Active 56 DOM
8. 2026-06-09
   days on market $169,900 Active 55 DOM
9. 2026-06-08
   days on market $169,900 Active 54 DOM
10. 2026-06-07
    days on market $169,900 Active 53 DOM
11. 2026-06-02
    days on market $169,900 Active 48 DOM
12. 2026-06-01
    days on market $169,900 Active 47 DOM
13. 2026-05-31
    days on market $169,900 Active 46 DOM
14. 2026-05-30
    days on market $169,900 Active 45 DOM
15. 2026-04-15
    listed $169,900 Active
16. 2026-03-02
    soldstatus $100,000
17. 2018-05-09
    soldstatus $54,100
18. 2018-04-20
    soldstatus $54,000 272-char remark

    Show marketing remark (272 chars)

    Welcome to Sebring Falls, one of Sebring's best kept mobile home park secrets! Home is on owned land & great pool/clubhouse activities for only $40 a month! Open Floor plan & spacious sun room and patios! Fully furnished down to the linens, tools, & more!

19. 2018-02-27
    listed $67,000 272-char remark

    Show marketing remark (272 chars)

    Welcome to Sebring Falls, one of Sebring's best kept mobile home park secrets! Home is on owned land & great pool/clubhouse activities for only $40 a month! Open Floor plan & spacious sun room and patios! Fully furnished down to the linens, tools, & more!

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $1,410 · $118/mo
• Expected delta: +$385/yr (+$32/mo · 37.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 23 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: $16,833
• − Mortgage interest: −$9,517
• − Property taxes: −$1,025
• − Insurance: −$850
• − Repairs & maintenance: −$1,347
• − Management: −$1,347
• − HOA: −$600
• − Depreciation: −$4,943
• Taxable loss: −$2,795
• Est. tax savings @ 24.0%: +$671
• After-tax cash flow: $802/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

+153.6% since first listed

5 events — show timeline

• 2026-04-15 Listed $169,900 HAOR as distributed by MLS GRID
• 2026-03-02 Sold (Public Records) $100,000 Public Records
• 2018-05-09 Sold (Public Records) $54,100 Public Records
• 2018-04-20 Sold (MLS) $54,000 HAOR as distributed by MLS GRID
• 2018-02-27 Listed $67,000 HAOR as distributed by MLS GRID

Property tax history

+9.3%/yr

Latest (2025): $1,025 · +5.8% YoY. Source: county tax records.