5124 Madras Drive NW
About This Property
Inside this vibrant setting sits the Vista model, a beautifully designed residence that blends style, comfort, and everyday functionality. A paver driveway and entry walk create inviting curb appeal before stepping into a bright open floor plan highlighted by a spacious great room with impressive 9'4'' volume ceilings. Natural light fills the living areas, where extensive ceramic tile flooring adds durability and style, while soft carpeting creates comfort in the bedrooms. Blinds throughout provide both privacy and convenience.
The kitchen stands as a centerpiece of the home, designed with quartz countertops, modern cabinetry, stainless steel appliances, and a large island that anchors the space. Just beyond, the dining area flows naturally from the kitchen and great room, creating a welcoming setting for gatherings or quiet evenings at home.
The private primary suite brings a sense of retreat, featuring a generous walk-in closet and an en-suite bath with dual vanities topped in quartz and a beautifully tiled shower enclosed in glass. Two additional bedrooms include ample closet space and share a well-appointed full bathroom.
Outdoor living continues in the screened lanai, a relaxing place to enjoy Florida's sunshine and breezes. A dedicated laundry room and a two-car garage add convenience and practical storage.
Modern living is enhanced by a built-in Smart Home package that includes a Ring Video Doorbell, smart thermostat, keyless entry smart door lock, and Deako switches, along with a full builder warranty. With contemporary finishes, energy-efficient features, and the lifestyle found within Malabar Springs, the Vista model delivers comfort, style, and everyday practicality in a beautifully connected Palm Bay location.
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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 |
|---|---|---|---|
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Price Increased |
$314,900
↑ $5K
(1.6%) | |
| Price Increased | |||
| Apr 8, 2026 | Listed by New Home Star Florida LLC | $309,900 | |
| Listed by New Home Star Florida LLC | |||
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About Brevard
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017