71 Bombay Ave · Winter Springs, FL 32708

$215,900

2 bd · 2.0 ba · 1,134 sqft · SingleFamily public records · 16 Days on market

Built 1960 8,304 sqft lot Est $325k · 34% under

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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).

• ARV discount +15.0/15.0
• Cash flow +11.8/30.0
• Schools +5.1/10.0
• Livability +3.8/5.0
• 1% rule +3.7/10.0
• DSCR +3.5/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Set in the heart of Winter Springs, 71 Bombay Ave offers the kind of opportunity buyers are always looking for: an established location, a functional footprint, and the chance to create a home that reflects their own style. This property is ready for its next chapter, making it an ideal choice for those who appreciate potential, value, and the ability to personalize a space over time. Life here puts you close to the everyday conveniences and outdoor lifestyle that make Winter Springs so appealing, from nearby parks and playgrounds to community favorites like Central Winds Park, nature trails, sports fields, dog-friendly spaces, and access to the Cross Seminole Trail for biking, walking, and

Key facts

• Functional footprint
• Established location
• Dog friendly spaces

Tags

• ESTABLISHED LOCATION
• FUNCTIONAL FOOTPRINT
• NEARBY PARKS
• NATURE TRAILS
• SPORTS FIELDS
• DOG FRIENDLY SPACES

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Single Family Residence; Zoning: R-1A
• Financial info: Lease restrictions: none
• HOA & community: No association

Exterior

• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; One story; North-facing
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 1-story slab
• Exterior features: Asphalt road access; Lot approximately 0.19 acres

Interior

• Kitchen: Includes appliances
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceramic tile floors; Other kitchen appliances included
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $216k.

Deal economics

• At list price, monthly cash flow is $-57 ($-689/yr) — negative.
• To cash-flow at today's rent, offer at most $206k (4.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (12.7% below list).
• Recommended offer: $189k (12.7% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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; 40 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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 $138k; list at $216k implies a 56% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $188,562 (12.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 0.87% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.14%
• DSCR: 0.95
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $325,458
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 Huntly Ln	0.08mi	3/2.0 (+1)	1,131 (-0%)	11mo	$337,000	$298	82
111 N Fairfax Ave	0.24mi	3/1.0 (+1)	1,058 (-7%)	3mo	$300,000	$284	66
150 N Edgemon Ave	0.17mi	3/1.0 (+1)	1,008 (-11%)	2mo	$289,000	$287	63
110 Deer Song Dr	0.56mi	2/2.0	1,105 (-3%)	9mo	$250,000	$226	62
214 N Alderwood St	0.50mi	3/2.0 (+1)	1,053 (-7%)	0mo	$334,900	$318	60
251 Buttonwood Ave	0.54mi	3/2.0 (+1)	1,100 (-3%)	7mo	$324,900	$295	59
203 San Gabriel St	0.52mi	3/2.0 (+1)	1,105 (-3%)	12mo	$289,000	$262	57
102 Camphorwood Ct	0.60mi	3/2.0 (+1)	1,064 (-6%)	2mo	$305,000	$287	55
281 San Gabriel St	0.62mi	3/2.0 (+1)	1,105 (-3%)	10mo	$270,000	$244	54
220 Colony Dr	0.61mi	3/2.0 (+1)	1,000 (-12%)	6mo	$250,000	$250	41
202 Murphy Rd	0.73mi	3/2.0 (+1)	1,254 (+11%)	4mo	$315,000	$251	40
960 Osceola Trl	0.74mi	3/2.0 (+1)	1,012 (-11%)	6mo	$302,500	$299	37

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.38×
• Total profit: $-37,473
• Equity at exit: $32,191

10-year hold

• IRR: -8.4%
• Equity multiple: 0.46×
• Total profit: $-32,492
• Equity at exit: $18,667

Cash invested: $60,452 (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: 9.5×

Monthly cashflow live

• Estimated rent: $1,886 high
• Mortgage (P&I): −$1,132
• Tax from tax record: −$325 /mo · $3,899/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-57

Break-even live

Break-even rent $1,958

Max offer price $205,757

Occupancy floor 98%

Sensitivity live

Price	-10% $65	-5% $4	+0% $-57	+5% $-119	+10% $-180
Rent	-10% $-206	-5% $-132	+0% $-57	+5% $17	+10% $92
Rate	-1.0pp $51	-0.5pp $-3	base $-57	+0.5pp $-113	+1.0pp $-170

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: $53,975
• Closing costs: $6,477
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 N Fairfax Ave Unit 10 Winter Springs, FL	2.0	1.5	907	$1,595	$1.76	12d	1	0.18mi
105 Keith Ct Winter Springs, FL	3.0	2.5	1457	$2,150	$1.48	4d	1	0.19mi
10 Sheoah Blvd #8 Winter Springs, FL	2.0	1.0	972	$1,650	$1.70	14d	1	0.21mi
44 S Cortez Ave Winter Springs, FL	3.0	2.0	1320	$2,395	$1.81	4d	1	0.23mi
44 S Cortez Ave Winter Springs, FL	3.0	2.0	1320	$2,395	$1.81	0d	1	0.23mi
407 Sheoah Blvd #9 Winter Springs, FL	3.0	2.5	1400	$1,750	$1.25	0d	1	0.37mi
137 Garden Dr Winter Springs, FL	2.0	1.5	900	$1,515	$1.68	0d	1	0.40mi
133 Garden Dr Winter Springs, FL	2.0	1.5	900	$1,595	$1.77	3d	1	0.40mi
133 Garden Dr Unit 1 Winter Springs, FL	2.0	1.5	900	$1,515	$1.68	0d	1	0.40mi
114 Cory Ln Winter Springs, FL	2.0	2.0	1090	$1,395	$1.28	16d	1	0.48mi
300 Sheoah Blvd Winter Springs, FL	1.0–3.0	1.0–2.0	1133	$1,658	$1.46	0d	12	0.49mi
542 Colonnades Cv Casselberry, FL	2.0	2.0	840	$1,775	$2.11	3d	1	0.53mi
109 N Alderwood St Winter Springs, FL	3.0	2.0	1458	$2,155	$1.48	16d	1	0.59mi
429 Sheoah Blvd #9 Winter Springs, FL	3.0	2.0	1187	$1,900	$1.60	25d	1	0.60mi
70 Moree Loop #63 Winter Springs, FL	2.0	1.5	1080	$1,400	$1.30	25d	1	0.61mi
220 Moree Loop #8 Winter Springs, FL	1.0	1.0	710	$1,295	$1.82	12d	1	0.62mi
80 Moree Loop #9 Winter Springs, FL	3.0	2.0	1187	$1,700	$1.43	0d	1	0.62mi
317 San Gabriel St Winter Springs, FL	3.0	2.0	1100	$1,900	$1.73	25d	1	0.63mi
420 San Gabriel St Winter Springs, FL	2.0	1.0	759	$1,700	$2.24	25d	1	0.63mi
1 Laurel Oaks Dr Winter Springs, FL	1.0–3.0	1.0–2.0	1030	$1,523	$1.48	0d	37	0.65mi
213 S Moss Rd Unit 213 Winter Springs, FL	2.0	1.5	930	$1,495	$1.61	23d	1	0.68mi
213 S Moss Rd Winter Springs, FL	2.0	1.5	930	$1,495	$1.61	25d	1	0.68mi
533 Moree Loop Winter Springs, FL	2.0	2.5	1452	$2,300	$1.58	25d	1	0.70mi
216 Bennett St Winter Springs, FL	3.0	1.0	1120	$1,800	$1.61	25d	1	0.75mi
226 Panorama Dr Winter Springs, FL	3.0	2.0	1100	$1,750	$1.59	6d	1	0.83mi
118 Sundance Ct Winter Springs, FL	3.0	2.0	1161	$2,149	$1.85	0d	1	0.85mi
421 S Hawthorn Cir Winter Springs, FL	3.0	2.0	1052	$2,070	$1.97	6d	1	0.88mi
1450 Sunshadow Dr Casselberry, FL	1.0–2.0	1.0–2.0	865	$1,744	$2.02	0d	10	0.89mi
404 Lancers Dr Winter Springs, FL	3.0	2.0	1406	$2,400	$1.71	16d	1	0.96mi
404 Lancers Dr Winter Springs, FL	3.0	2.0	1406	$2,400	$1.71	12d	1	0.96mi
305 Cello Cir Winter Springs, FL	3.0	2.0	1308	$2,225	$1.70	14d	1	1.02mi
945 Bryan Ct Longwood, FL	2.0	2.0	834	$1,650	$1.98	21d	1	1.12mi
337 Riunite Cir Winter Springs, FL	3.0	2.0	1500	$2,480	$1.65	12d	1	1.12mi
509 East St Longwood, FL	3.0	2.0	1215	$1,940	$1.60	25d	1	1.14mi
912 Bryan Ct Longwood, FL	2.0	1.0	900	$1,675	$1.86	6d	1	1.16mi
700 Crestview Dr Casselberry, FL	2.0	1.5	720	$1,550	$2.15	25d	1	1.23mi
907 Tidewater Ln Longwood, FL	1.0–3.0	1.0–3.0	1301	$1,887	$1.45	0d	7	1.26mi
661 Murphy Rd Winter Springs, FL	3.0	2.0	1320	$2,200	$1.67	25d	1	1.31mi
829 E Wildmere Ave Longwood, FL	3.0	2.0	1342	$2,000	$1.49	17d	1	1.32mi
829 E Wildmere Ave Unit 845-103 Longwood, FL	3.0	2.0	1342	$2,000	$1.49	25d	1	1.32mi

Listing history 12 events

1. 2026-06-21
   days on market $215,900 Active 16 DOM
2. 2026-06-19
   price $215,900 Active 13 DOM
3. 2026-06-18
   days on market $225,900 Active 13 DOM
4. 2026-06-17
   days on market $225,900 Active 12 DOM
5. 2026-06-16
   days on market $225,900 Active 11 DOM
6. 2026-06-15
   days on market $225,900 Active 10 DOM
7. 2026-06-13
   statusdays on market $225,900 Active 8 DOM
8. 2026-06-10
   status $225,900 Pending 5 DOM
9. 2026-06-09
   days on market $225,900 Active 5 DOM
10. 2026-06-08
    days on market $225,900 Active 4 DOM
11. 2026-06-07
    remarks 699-char remark
12. 2026-06-07
    listed $225,900 Active 3 DOM

ⓘ 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: $3,899 · $325/mo
• Projected year-2 tax: $3,899 · $325/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,627
• − Mortgage interest: −$12,094
• − Property taxes: −$3,899
• − Insurance: −$1,080
• − Repairs & maintenance: −$1,810
• − Management: −$1,810
• − Depreciation: −$6,281
• Taxable loss: −$4,346
• Est. tax savings @ 24.0%: +$1,043
• After-tax cash flow: $354/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: 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

Price history

+896.4% since first listed

15 events — show timeline

• 2026-06-04 Listed $225,900 Stellar MLS as Distributed by MLS Grid
• 2016-03-10 Sold (Public Records) $138,000 Public Records
• 2015-12-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-12-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-12-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-12-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-11-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-10-29 Contingent — Stellar MLS as Distributed by MLS Grid
• 2015-10-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-10-27 Price Changed $147,000 Stellar MLS as Distributed by MLS Grid
• 2015-10-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-09-20 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2015-04-29 Sold (Public Records) $62,500 Public Records
• 2011-04-12 Sold (Public Records) $62,000 Public Records
• 2011-04-05 Sold (Public Records) $22,671 Public Records

Property tax history

+17.3%/yr

Latest (2025): $3,899 · +9.8% YoY. Source: county tax records.