1601 Sapphire Drive
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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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 23, 2025 | Price Decreased |
$1,640,000
↓ $50K
(3%) | |
| Price Decreased | |||
| Jul 2, 2025 | Listed by First Team Real Estate | $1,690,000 | |
| Listed by First Team Real Estate | |||
| | |||
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Turnkey 5-Bedroom Home in Carlsbad! Freshly Repainted Interior, Owned Solar, Gated Community...yes please! Experience coastal living at its finest in this beautifully maintained an recently repainted 5-bedroom, 3-bath home, located in the exclusive gated community of Marbrisa. Thoughtfully upgraded and move-in ready, this turnkey property blends modern comfort and energy efficiency. Located just 1 mile from Carlsbad’s pristine beaches and within the award-winning Carlsbad Unified School District, this home offers the ultimate in SoCal lifestyle, location, and value. Step inside to a bright and inviting interior, freshly painted throughout, enhancing the home’s clean and contemporary feel. The open-concept layout is perfect for families, remote work, or multi-generational living, with a convenient downstairs bedroom and full bath. Enjoy a stylish, updated kitchen, central A/C, owned solar, and a universal EV charger in the garage designed for modern living. Outside, the low-maintenance yard is your private retreat, featuring fruit trees, turf, and elegant hardscaping ideal for entertaining or relaxing in the sun. Residents of Marbrisa enjoy resort-style amenities including a community pool, tot lot, dog park, exercise park, RV/boat parking all within a secure, serene setting.
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| May 22, 2015 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017