1568 Mallorca Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| May 13, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Listed by Real Brokerage Technologies | $1,079,000 | |
| Listed by Real Brokerage Technologies | |||
| |||
|
1568 Mallorca Drive is 1,975 sqft and sits in one of Shadowridge Golf Course's most coveted communities, Mallorca. The kitchen is remodeled, spacious and functional, and features a new LG refrigerator and dishwasher. In the backyard, you'll discover a beautiful, low-maintenance paver patio, perfect for entertaining, PRIVACY with lush trees, including lemon and lime, whimsical landscaping, and a private hot tub. Upstairs, there are 3 bedrooms and 2 bathrooms, and a loft perfect for an office, watching your favorite movie, or reading your favorite book. The primary suite is a retreat, with plenty of space to relax and unwind. On your way out to the 3-car garage, which offers an EV charger and plenty of parking and storage, you'll find a laundry room and the downstairs powder room. You'll especially appreciate the HVAC and a whole-house fan to help keep cooling costs down. Just 4 doors down from the community pool, you have all the benefits of having your own pool without the maintenance! Close to the 78, shopping, schools, and restaurants!
| |||
| Mar 14, 2014 | Sold | ||
| Sold | |||
| Sep 29, 2013 | Listed by RE/MAX By The Sea | $499,900 | |
| Listed by RE/MAX By The Sea | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017