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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Basking Ridge at 173 Somerville Rd, Basking Ridge, NJ, 07920 offers $7,254/mo rent that, after a $4,797/mo payment, leaves $268/mo cash flow. Total monthly income is $7,254/mo, and annual cash flow is $3,220/yr on $322,420 cash. Return on cash invested measures 21.06% in year one, and rental yield stands at 8.88% at a $980,000 entry. Equity gained on principal adds $6,324/yr while 5% annual appreciation compounds into $270,756 by year five. Five-year ROI records 110.22% and total cumulative return in cash reaches $355,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,254/mo property income versus a $4,797/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07920, Basking Ridge, NJ area.
| 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 |
Residential
10,857
Single Family
10,296
Multi-Family
561
Businesses
492
Date | Event | Price |
|---|---|---|
| 2025-08-15 | Sold | $980,000 |
| 2025-05-22 | Pending sale | $999,900 |
| 2025-05-01 | Listed for sale | $999,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-11 | $13893.99 | 3.00% | $781,000 | 9.20% |
| 2023-10-11 | $13488.67 | -5.40% | $715,200 | 2.80% |
| 2022-10-11 | $14259.38 | N/A | $695,700 | 2.94% |
Listed by: Paul Lamastra • Era Suburb Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3960415
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
