3406 Fairmount Dr · Sebring, FL 33870

$115,000

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 79 Days on market

Built 1975 6,534 sqft lot Est $80k · 44% 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 +24.0/30.0
• DSCR +7.7/10.0
• 1% rule +5.5/10.0
• 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

Want to Own your Mobile Home and Land?! HERE IT IS! Conveniently located in a Mobile Home Park with NO Association Fee. Storage Shed in the Back. This Home is a Fixer Upper and is Priced Accordingly. Caution: there are a few softs spots (flooring) near the bedroom.

Key facts

• Completely renovated
• New subflooring
• Double-pane windows

Tags

• COMPLETELY RENOVATED
• NEW SUBFLOORING
• UPDATED KITCHEN CABINETS
• UPGRADED ELECTRICAL OUTLETS
• CONTEMPORARY LIGHTING
• DOUBLE-PANE WINDOWS

Property features AI

Finance

• Other: Zoning: M1
• Financial info: Tax information not included per instructions
• HOA & community: Not specified

Exterior

• Parking: Carport (1 space)
• Security: Not specified
• Utilities: Public water; Public sewer available; Sewer available
• Home design: Mobile home; One story
• Construction: Metal siding; Metal roof
• Exterior features: Side porch; Paved road frontage (50 ft)

Interior

• Kitchen: Appliances not specified
• Bedrooms: Not specified
• Flooring: Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Vinyl flooring; Total of 4 rooms
• Laundry & utility: Laundry details not specified

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 $226 ($3k/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: $108k (6.0% 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: amenities F, commute F, employment 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.
• Zoned schools: Sun 'N Lake Elementary School (math 63% / reading 59%, grade B, #653 of 2,144 statewide, top 31%, 618 students, 67% FRL); Hill-Gustat Middle School (math 53% / reading 50%, grade C, #232 of 571 statewide, top 41%, 705 students, 63% FRL); Avon Park High School (math 35% / reading 39%, grade F, #340 of 667 statewide, top 52%, 928 students, 67% FRL) — zoned schools at 66% FRL track the district average.
• Market conditions: Rents soft (-0.3%/yr); 481 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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $24k; list at $115k implies a 389% 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 $108,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 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 1975 — 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: 1.05% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.41%
• DSCR: 1.37
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $79,968
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3208 Delaware Ave	0.14mi	2/1.0	672 (0%)	7mo	$75,000	$112	84
3447 Delaware Ave	0.06mi	2/2.0	720 (+7%)	5mo	$85,000	$118	81
2301 Georgia St	0.24mi	2/1.0	672 (0%)	8mo	$80,000	$119	78
3344 Maine Ave	0.28mi	2/2.0	672 (0%)	11mo	$75,000	$112	78
3147 Delaware Ave	0.14mi	2/1.0	672 (0%)	14mo	$140,000	$208	78
3407 Michigan Ave	0.19mi	2/1.5	672 (0%)	20mo	$105,000	$156	72
3345 New York Ave	0.08mi	2/1.0	720 (+7%)	11mo	$110,000	$153	71
3607 Indiana Ave	0.32mi	2/1.0	672 (0%)	13mo	$88,000	$131	70
3328 Illinois Ave	0.17mi	2/2.0	732 (+9%)	14mo	$82,500	$113	65
3313 Maine Ave	0.26mi	2/1.0	702 (+4%)	15mo	$45,000	$64	64
2413 Georgia St	0.30mi	2/1.5	720 (+7%)	14mo	$112,000	$156	61
2560 Skyview St	0.72mi	2/1.0	672 (0%)	22mo	$19,000	$28	44

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: -6.8%
• Equity multiple: 0.76×
• Total profit: $-7,836
• Equity at exit: $17,147

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-2,134
• 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 33870

• Home prices YoY: -20.0%
• Rents YoY: -0.3%
• Active inventory: 481
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,213 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$82 /mo · $979/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $226

Break-even live

Break-even rent $927

Max offer price $115,000

Occupancy floor 76%

Sensitivity live

Price	-10% $291	-5% $258	+0% $226	+5% $193	+10% $161
Rent	-10% $130	-5% $178	+0% $226	+5% $274	+10% $321
Rate	-1.0pp $284	-0.5pp $255	base $226	+0.5pp $196	+1.0pp $166

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: —

Listing history 22 events

1. 2026-06-21
   days on market $115,000 Active 79 DOM
2. 2026-06-19
   days on market $115,000 Active 77 DOM
3. 2026-06-18
   days on market $115,000 Active 76 DOM
4. 2026-06-17
   days on market $115,000 Active 75 DOM
5. 2026-06-16
   days on market $115,000 Active 74 DOM
6. 2026-06-15
   days on market $115,000 Active 73 DOM
7. 2026-06-14
   days on market $115,000 Active 71 DOM
8. 2026-06-10
   days on market $115,000 Active 68 DOM
9. 2026-06-09
   days on market $115,000 Active 67 DOM
10. 2026-06-08
    days on market $115,000 Active 66 DOM
11. 2026-06-07
    days on market $115,000 Active 65 DOM
12. 2026-06-02
    days on market $115,000 Active 60 DOM
13. 2026-06-01
    days on market $115,000 Active 59 DOM
14. 2026-05-31
    days on market $115,000 Active 58 DOM
15. 2026-05-30
    days on market $115,000 Active 57 DOM
16. 2026-05-13
    price $115,000
17. 2026-04-03
    listed $118,000 Active
18. 2024-06-24
    price $124,900
19. 2024-04-22
    price $129,900
20. 2024-03-08
    listed $134,900 Active
21. 2020-05-27
    soldstatus $23,500 267-char remark

    Show marketing remark (267 chars)

    Want to Own your Mobile Home and Land?! HERE IT IS! Conveniently located in a Mobile Home Park with NO Association Fee. Storage Shed in the Back. This Home is a Fixer Upper and is Priced Accordingly. Caution: there are a few softs spots (flooring) near the bedroom.

22. 2020-05-04
    listed $19,900 267-char remark

    Show marketing remark (267 chars)

    Want to Own your Mobile Home and Land?! HERE IT IS! Conveniently located in a Mobile Home Park with NO Association Fee. Storage Shed in the Back. This Home is a Fixer Upper and is Priced Accordingly. Caution: there are a few softs spots (flooring) near the bedroom.

ⓘ 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: $979 · $82/mo
• Projected year-2 tax: $979 · $82/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: $14,555
• − Mortgage interest: −$6,442
• − Property taxes: −$979
• − Insurance: −$575
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$3,345
• Taxable income: $885
• Est. tax owed @ 24.0%: −$213
• After-tax cash flow: $2,496/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

+477.9% since first listed

7 events — show timeline

• 2026-05-13 Price Changed $115,000 HAOR as distributed by MLS GRID
• 2026-04-03 Listed $118,000 HAOR as distributed by MLS GRID
• 2024-06-24 Price Changed $124,900 HAOR as distributed by MLS GRID
• 2024-04-22 Price Changed $129,900 HAOR as distributed by MLS GRID
• 2024-03-08 Listed $134,900 HAOR as distributed by MLS GRID
• 2020-05-27 Sold (MLS) $23,500 HAOR as distributed by MLS GRID
• 2020-05-04 Listed $19,900 HAOR as distributed by MLS GRID

Property tax history

+6.5%/yr

Latest (2025): $979 · +0.2% YoY. Source: county tax records.