2 Princeton CtBasking RidgeNJ07920
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2 Princeton Ct, Basking Ridge, NJ, 07920 in Basking Ridge carries a 1.51 coverage ratio, rent of $7,469/mo is 1.51 times the $4,946/mo payment. Rental yield 8.15%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $1,100,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $303,910; total projected cumulative return: $397,715.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.2% |
| Monthly Cash Flow | $(372) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $7,469 |
| Total Monthly Debt Service | $7,403 |
| DSCR Ratio | 1.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
0.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1999
0.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Englander • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954690