176 Potomac DrBasking RidgeNJ07920
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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
Investment Highlights
Rental property for sale in Basking Ridge at 176 Potomac Dr, Basking Ridge, NJ, 07920 priced at $399,000 converts $2,786/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,786/mo. Return on cash invested prints 19.38% in year one, and rental yield reads 8.38% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 101.24% and total cumulative return in cash sums $133,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,786/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,857
Single Family
10,296
Multi-Family
561
Businesses
492
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Listed by: Karen Newhouse • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3990229