23 Hampton Ct, Basking Ridge, NJ, 07920 | 7.03% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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23 Hampton Ct, Basking Ridge, NJ, 07920 | 7.03% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Basking Ridge at 23 Hampton Ct, Basking Ridge, NJ, 07920 with 5% annual appreciation on a $799,000 basis while $4,681/mo rent supports operations. 43% in year one. Equity gained on principal adds $5,156/yr, and five-year appreciation sums $220,749 alongside rental yield of 7.03%. Five-year ROI measures 80.03% and total cumulative return in cash totals $210,378. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,681/mo property income versus a $3,911/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1987

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Move-In Ready, 3 bedrooms/3.5 bathrooms, a beautifully updated 1/2 duplex, tucked away on a quiet side street in the highly desirable Spring Ridge community. The home was renovated with a new roof (2023) and freshly paved driveway (2025). This spacious Colonial-style home includes a fully finished basement with full bath and carpeting perfect for extended living, entertaining, or guest accommodations. The one-car attached garage has an EV charger outlet for electric vehicles as well. Gleaming hardwood floors throughout, gourmet kitchen with Corian countertops, two pantries, breakfast bar, and high-end stainless steel appliances including refrigerator (2023), induction range, gas oven, wine refrigeration, microwave, and dishwasher (2023). Family room with vaulted ceiling, skylights, fireplace, and French doors to Dining room that is also ideal as a home office. Bathrooms with granite vanities, porcelain sinks, luxury tile, and frameless glass shower doors. Ceiling fans in every bedroom and the living room. Laundry room with newer dryer (2023). Exterior & Amenities include: Large private deck perfect for BBQs and outdoor entertaining. This home is well-positioned with the Top-Rated Schools & Location. Spring Ridge amenities-pool, clubhouse, tennis courts, playground, and trails. This home has been meticulously maintained and thoughtfully upgraded. This property checks every box. Just Move In Don't Miss This Opportunity!

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