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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 180 Lake Rd, Basking Ridge, NJ, 07920 generates $3,967/mo in rent, after a $5,628/mo payment. Total monthly income is $3,967/mo. Return on cash invested sits at 6.75% in year one, and rental yield is 4.14% on a $1,149,900 entry. Equity gained on principal adds $7,420/yr, while 5% annual appreciation builds toward $317,696 over five years. Five-year ROI reaches 33.43% and total cumulative return in cash sums $124,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,967/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
3.58 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 |
|---|---|---|
| 2025-02-07 | Sold | $1,100,000 |
| 2025-02-05 | Listed for sale | $1,149,900 |
| 2025-01-13 | Pending sale | $1,149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $21913.72 | -4.82% | $1,231,800 | 0.91% |
| 2023-02-18 | $23022.40 | 2.29% | $1,220,700 | 9.64% |
| 2022-02-18 | $22506.35 | N/A | $1,113,400 | 3.24% |
Listed by: Maryalice Raushi • NextHome Premier
Mls Name: NextHome
Mls Provider:
Mls ID: #3933143
