73 Majorca Dr #73 · Winter Springs, FL 32708

$135,500

2 bd · 2.0 ba · 1,344 sqft · Manufactured · 93 Days on market

Built 2026 Excellent condition

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• Schools +5.1/10.0
• Condition / age +4.8/5.0
• Livability +3.8/5.0
• Rent growth +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks

This brand-new 2026 "The Laguna" model combines modern design with everyday functionality, featuring recessed lighting, luxury plank flooring, and a stylish dining room chandelier. The kitchen is a standout with stainless steel appliances, a spacious island, and smooth glide drawers for added convenience. The home also offers a walk-in closet, providing ample storage and comfort throughout.

Key facts

• Spacious island
• Walk-in closet
• Smooth glide drawers

Tags

• RECESSED LIGHTING
• LUXURY PLANK FLOORING
• STAINLESS STEEL APPLIANCES
• SPACIOUS ISLAND
• SMOOTH GLIDE DRAWERS
• WALK-IN CLOSET

Property features AI

Finance

• Other: Address: 73 Majorca Dr #73, Winter Springs, FL 32708; Status: Active
• Financial info: List price $135,500

Exterior

• Utilities: Forced air heating (utility)
• Home design: Spec inventory home; Plan name: The Laguna
• Exterior features: Living area of 1,344 (listed)

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating
• Interior features: 2 total bathrooms; 2 bedrooms

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $136k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $136k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 3.6% in Winter Springs — 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 75/100 on livability (#261 in FL, #4,187 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Seminole (suburban): math 57% / reading 61% proficiency, ranked #13 of 73 in FL (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.6%/yr); 285 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $937 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Seminole County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $38k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Recommended offer $123,305 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 1.44% ✓
• Cap rate: 11.64%
• Cash-on-cash: 19.10%
• DSCR: 1.85
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.58% rent growth · sell at horizon

5-year hold

• IRR: 11.7%
• Equity multiple: 1.47×
• Total profit: $17,683
• Equity at exit: $20,203

10-year hold

• IRR: 21.1%
• Equity multiple: 2.84×
• Total profit: $69,800
• Equity at exit: $11,716

Cash invested: $37,940 (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 32708

• Rents YoY: 3.6%
• Active inventory: 285
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,950 high
• Mortgage (P&I): −$711
• Tax est. 1.5%: −$169 /mo · $2,032/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $604

Break-even live

Break-even rent $1,185

Max offer price $135,500

Occupancy floor 64%

Sensitivity live

Price	-10% $698	-5% $651	+0% $604	+5% $557	+10% $510
Rent	-10% $450	-5% $527	+0% $604	+5% $681	+10% $758
Rate	-1.0pp $672	-0.5pp $638	base $604	+0.5pp $569	+1.0pp $533

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: $33,875
• Closing costs: $4,065
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
216 Bennett St Winter Springs, FL	3.0	1.0	1120	$1,800	$1.61	25d	1	0.25mi
317 San Gabriel St Winter Springs, FL	3.0	2.0	1100	$1,900	$1.73	25d	1	0.33mi
114 Cory Ln Winter Springs, FL	2.0	2.0	1090	$1,395	$1.28	16d	1	0.41mi
133 Garden Dr Winter Springs, FL	2.0	1.5	900	$1,595	$1.77	3d	1	0.50mi
133 Garden Dr Unit 1 Winter Springs, FL	2.0	1.5	900	$1,515	$1.68	0d	1	0.50mi
137 Garden Dr Winter Springs, FL	2.0	1.5	900	$1,515	$1.68	0d	1	0.50mi
226 Panorama Dr Winter Springs, FL	3.0	2.0	1100	$1,750	$1.59	6d	1	0.52mi
10 N Fairfax Ave Unit 10 Winter Springs, FL	2.0	1.5	907	$1,595	$1.76	12d	1	0.56mi
213 S Moss Rd Winter Springs, FL	2.0	1.5	930	$1,495	$1.61	25d	1	0.56mi
213 S Moss Rd Unit 213 Winter Springs, FL	2.0	1.5	930	$1,495	$1.61	23d	1	0.56mi
200 Panorama Dr Winter Springs, FL	3.0	2.0	1600	$1,600	$1.00	16d	1	0.57mi
118 Sundance Ct Winter Springs, FL	3.0	2.0	1161	$2,149	$1.85	0d	1	0.58mi
404 Lancers Dr Winter Springs, FL	3.0	2.0	1406	$2,400	$1.71	16d	1	0.59mi
404 Lancers Dr Winter Springs, FL	3.0	2.0	1406	$2,400	$1.71	12d	1	0.59mi
109 N Alderwood St Winter Springs, FL	3.0	2.0	1458	$2,155	$1.48	16d	1	0.60mi
305 Cello Cir Winter Springs, FL	3.0	2.0	1308	$2,225	$1.70	14d	1	0.65mi
224 Bitterwood St Winter Springs, FL	3.0	2.0	1580	$2,299	$1.46	0d	1	0.71mi
337 Riunite Cir Winter Springs, FL	3.0	2.0	1500	$2,480	$1.65	12d	1	0.71mi
44 S Cortez Ave Winter Springs, FL	3.0	2.0	1320	$2,395	$1.81	4d	1	0.71mi
44 S Cortez Ave Winter Springs, FL	3.0	2.0	1320	$2,395	$1.81	0d	1	0.71mi
241 Holiday Ln Winter Springs, FL	3.0	2.0	1616	$2,595	$1.61	0d	1	0.83mi
105 Keith Ct Winter Springs, FL	3.0	2.5	1457	$2,150	$1.48	4d	1	0.88mi
10 Sheoah Blvd #8 Winter Springs, FL	2.0	1.0	972	$1,650	$1.70	14d	1	0.90mi
407 Sheoah Blvd #9 Winter Springs, FL	3.0	2.5	1400	$1,750	$1.25	0d	1	0.95mi
70 Moree Loop #63 Winter Springs, FL	2.0	1.5	1080	$1,400	$1.30	25d	1	1.03mi
80 Moree Loop #9 Winter Springs, FL	3.0	2.0	1187	$1,700	$1.43	0d	1	1.04mi
421 S Hawthorn Cir Winter Springs, FL	3.0	2.0	1052	$2,070	$1.97	6d	1	1.06mi
300 Sheoah Blvd Winter Springs, FL	1.0–3.0	1.0–2.0	1133	$1,658	$1.46	0d	12	1.09mi
429 Sheoah Blvd #9 Winter Springs, FL	3.0	2.0	1187	$1,900	$1.60	25d	1	1.10mi
533 Moree Loop Winter Springs, FL	2.0	2.5	1452	$2,300	$1.58	25d	1	1.17mi
618 Nighthawk Cir Winter Springs, FL	3.0	2.5	1771	$2,450	$1.38	25d	1	1.30mi
1 Laurel Oaks Dr Winter Springs, FL	1.0–3.0	1.0–2.0	1030	$1,523	$1.48	0d	37	1.38mi
661 Murphy Rd Winter Springs, FL	3.0	2.0	1320	$2,200	$1.67	25d	1	1.39mi

Listing history 14 events

1. 2026-06-21
   days on market $135,500 Active 93 DOM
2. 2026-06-18
   days on market $135,500 Active 90 DOM
3. 2026-06-17
   days on market $135,500 Active 89 DOM
4. 2026-06-16
   days on market $135,500 Active 88 DOM
5. 2026-06-15
   days on market $135,500 Active 87 DOM
6. 2026-06-13
   days on market $135,500 Active 85 DOM
7. 2026-06-09
   days on market $135,500 Active 81 DOM
8. 2026-06-08
   days on market $135,500 Active 80 DOM
9. 2026-06-07
   days on market $135,500 Active 79 DOM
10. 2026-06-04
    days on market $135,500 Active 76 DOM
11. 2026-06-03
    days on market $135,500 Active 75 DOM
12. 2026-06-02
    days on market $135,500 Active 74 DOM
13. 2026-06-02
    days on market $135,500 Active 73 DOM
14. 2026-05-31
    days on market $135,500 Active 72 DOM

ⓘ 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: $23,398
• − Mortgage interest: −$7,590
• − Property taxes: −$2,032
• − Insurance: −$678
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − Depreciation: −$3,942
• Taxable income: $5,412
• Est. tax owed @ 24.0%: −$1,299
• After-tax cash flow: $5,948/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.

Condition & rehab AI · 2 photos

Excellent 95/100 None rehab

This brand-new 2026 'The Laguna' model is in excellent condition with no visible repairs or maintenance needed. It offers modern design and everyday functionality, making it an ideal investment property.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance the curb appeal and increase the home's value.
• Both Landscaping improvements — A well-maintained yard can increase both resale and rental value.
• Both Interior touch-ups — Fresh paint and minor updates can enhance the home's appeal and value.
• Both HVAC maintenance — A clean and efficient HVAC system can improve comfort and energy efficiency, increasing both resale and rental value.
• Both Window treatments — Window treatments can enhance the home's curb appeal and interior aesthetics, increasing both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Fresh paint can enhance the curb appeal and increase the home's value. ↑
• Both Landscaping improvements — A well-maintained yard can increase both resale and rental value. ↑
• Both Interior touch-ups — Fresh paint and minor updates can enhance the home's appeal and value. ↑
• Both HVAC maintenance — A clean and efficient HVAC system can improve comfort and energy efficiency, increasing both resale and rental value. ↑
• Both Window treatments — Window treatments can enhance the home's curb appeal and interior aesthetics, increasing both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Seminole
• NCES district ID: 1201710
• Math proficiency: 57% ▼ -7.00%
• Reading proficiency: 61% ▼ -1.00%
• Median HH income: $58,478
• Composite: 51.05/100
• National rank: #1769
• State rank: #13 of 73 in FL

Livability — Winter Springs

• Score: 75/100
• State rank: #261
• US rank: #4187

Category grades

Amenities F Commute F Cost of living B- Crime A+ Employment A Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Winter Springs, FL
• County: Seminole County · 436,154 people
• City population: 48,965
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 48,965
• Household income: $93,628
• Rent vs Own: 24.8% rent · 75.2% own
• Severe rent burden: 1023.0

Population outlook (Seminole County) Hauer SSP2

• Today (2025): 515,494 people
• By 2030: 545,713 · +5.9%
• By 2040: 598,068 · +16.0%
• By 2050: 640,663 · +24.3%
• By 2075: 724,461 · +40.5%
• By 2100: 755,530 · +46.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 23% Two or more races 11% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 12% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Slovak 3% Romanian 2%
• Foreign-born: 11% · Canada, Jamaica, Vietnam
• Languages at home: 77% English-only · Spanish 15% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Seminole

• 2024 margin: Toss-up / Even · D 47.6% · R 51.1% · Other 1.3%
• 2008→2024 swing: -0.8pp no change · 2008: -2.8pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.8 2016: R+1.6 2012: R+6.5 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -188.76%
• Current HPI: 308.2797
• Rent YoY: ▲ 3.58%
• Metro: Orlando-Kissimmee-Sanford, 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