1573 Madrid Drive
About This Property
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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 |
|---|---|---|---|
| Aug 24, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 6, 2026 | Listed by Select California Homes | $1,249,000 | |
| Listed by Select California Homes | |||
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | Listed by Select California Homes | $1,100,000 | |
| Listed by Select California Homes | |||
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Welcome home to 1573 Madrid a gorgeous freshly remodeled detached home in the neighborhood of Mallorca. Located in the highly sought after Shadowridge community in Vista, Ca. just 5 minutes to Carlsbad, 15 minutes to the beach with quick easy access to the 78 freeway. This spacious 3 bedroom 3 bathroom home with an additional office/flex space has gorgeous sunset views includes a 3 car garage, heated community pool and hot tub and low low HOA! Large new dual pane windows fill the home’s 20 foot vaulted ceilings with tons of natural light. The large open kitchen features new soft close cabinets, quartz counter tops, brand new appliances, Bedrosian's tile backsplash, custom accent lighting, and has an open flow to the living and dining room and outdoor space. The living room and dining room feature vaulted ceilings, fireplaces, recess lighting, and an open great room feel. The huge primary bedroom boasts vaulted ceilings, walk-in closets, recess lighting and a roomy ensuite bathroom with stand alone tub, a large custom shower with rainfall shower head, and delta faucets. This home is a must see in person. The neighborhood of Mallorca is highly walkable with sidewalks street lights a small park and community pool. Pickleball courts are also within walking distance. Short walk to coffee at Skybound and multiple yummy restaurants. This home was just remodeled the roof was redone and comes with a 15 year no leak warranty, new water heater and complete HVAC system including new heater and new AC unit are also brand new and under warranty along with the brand new appliances.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017