1573 Madrid Drive
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1573 Madrid Drive

C

Vista, CA 92081

$1,249,000
NEW — 0d

Beds

3

Baths

2.5

Sqft

1,975

Year Built

1988

Days on Market

0

Property Type

Single Family

HOA/mo

$123

MLS ID

NDP2606738

This property is in Vista (92081). View neighborhood stats →

Virtual Tour

About This Property

Welcome home to 1573 Madrid a gorgeous recently 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. The large backyard has new vinyl fencing along with high end synthetic lawn and new hot tub and is a stunning outdoor space for entertaining and every day living. 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 recently remodeled and the roof was recently redone and comes with a 15 year no leak warranty, water heater and complete HVAC system including heater and new AC unit have all been recently replaced. This one won't last!

Mortgage Calculator

Est. Monthly Payment

$8,052

Principal & Interest$6,316
Property Tax$1,249
Insurance$364
HOA$123
%($249,800)
%

Location

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Investment Score

4D
Est. Monthly Rent
$4,196
Monthly Cashflow

Rent − PITIA

$-3,856
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,862

Mortgage (P+I)
$6,316
Cap Rate
0.44%
Cash-on-Cash
-28.16%
DSCR

Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$11,808

NOI (Annual)
$5,449
Price-to-Rent

Lower = better for investors

24.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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