10 Nancy Ln, Basking Ridge, NJ, 07920 | 2.7% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10 Nancy Ln, Basking Ridge, NJ, 07920 | 2.7% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Basking Ridge at 10 Nancy Ln, Basking Ridge, NJ, 07920 generates $4,108/mo in rent, after a $8,932/mo payment. Total monthly income is $4,108/mo. Return on cash invested sits at 2.31% in year one, and rental yield is 2.7% on a $1,825,000 entry. Equity gained on principal adds $11,776/yr, while 5% annual appreciation builds toward $504,214 over five years. Five-year ROI reaches 9.63% and total cumulative return in cash sums $56,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,108/mo property income rather than buyer’s personal income.

Single Family

Built in 1945

0.74 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully renovated 6-bedroom, 4.5-bath luxury home! Intricate custom millwork, high-end finishes and hardwood floors are found throughout every level of this exceptional home. The gourmet kitchen is a true showpiece boasting quartz countertops, custom tile backsplash, center island with seating, top-tier stainless steel appliances, extensive cabinetry and prep space, as well as a walk-in pantry with shelving and dry bar with a wine refrigerator. The family room features a gas fireplace flanked by built-in cabinetry and doors to the rear patio. Also on the first floor is the elegant living room, formal dining room, private en-suite bedroom (perfect as guest suite or office), mudroom, and powder room. Retreat upstairs to the luxurious primary suite with custom-fitted walk-in closet and en-suite bathroom with soaking tub, oversized glass-enclosed shower, and dual quartz vanities. 3 additional bedrooms (2 en-suite), and a laundry room complete this floor. Loft space on the 3rd level is ideal as a 6th bedroom with a large closet and extra attic storage. Fully finished basement is ready to customize to suit your needs. Enjoy outdoor living on the patio perfect for entertaining with views of the expansive property set on .74 acres. The detached 2-car garage is insulated with loft storage. Close to shopping, parks, restaurants, and transportation in a top NJ school district, this rare offering combines luxury, functionality, and privacy in one spectacular package!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07920, Basking Ridge, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,074 (100%)
Owner Occupied HU	8,740 (78.9%)
Renter Occupied HU	1,861 (16.8%)
Vacant Housing Units	473 ( 4.3%)
Median Home Value	$874,651
Average Home Value	$959,629