197 English PlBasking 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
Investment property for sale in Basking Ridge at 197 English Pl, Basking Ridge, NJ, 07920 with 5% annual appreciation on a $213,000 basis while $2,892/mo rent supports operations. Total monthly income totals $2,892/mo and a $1,043/mo payment preserves $989/mo for cash returns. Annual cash flow comes to $11,872/yr on $70,610 deployed, and return on cash invested reaches 36.72% in year one. Equity gained on principal adds $1,374/yr, and five-year appreciation sums $58,848 alongside rental yield of 16.29%. Five-year ROI measures 196.64% and total cumulative return in cash totals $138,849.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,892/mo property income versus a $1,043/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1986
N/A lot
$N/A/sqft
$384 monthly 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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Nearby investment properties with comparable prices
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