20 Alexandria WayBasking 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 20 Alexandria Way, Basking Ridge, NJ, 07920 offers $3,046/mo rent that, after a $2,051/mo payment, leaves $59/mo cash flow. Total monthly income is $3,046/mo, and annual cash flow is $711/yr on $138,899 cash. Return on cash invested measures 20.42% in year one, and rental yield stands at 8.72% at a $419,000 entry. Equity gained on principal adds $2,704/yr while 5% annual appreciation compounds into $115,762 by year five. Five-year ROI records 106.84% and total cumulative return in cash reaches $148,397. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,046/mo property income versus a $2,051/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
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 Tyrell • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #4008171