2305 Privet Way, Basking Ridge, NJ, 07920 | $672/mo Cash Flow

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2305 Privet Way, Basking Ridge, NJ, 07920 | $672/mo Cash Flow | 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 2305 Privet Way, Basking Ridge, NJ, 07920 earns $672/mo cash flow from $3,523/mo rent with a $1,958/mo payment. Total monthly income totals $3,523/mo, and annual cash flow totals $8,060/yr on $132,600 capital. ROI tracks 25.99% on current figures, and rental yield reads 10.57% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 136.67% and total cumulative return in cash sums $181,228. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,523/mo property income instead of your personal income.

Condo

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

Stylish, sunny, and move-in ready! This two-story condo at 2305 Privet Way blends modern updates with the easy lifestyle of The Cedars community. Step inside to find all-new flooring, fresh paint, and an open, airy layout. The living room's fireplace adds warmth and charm, while large black-trimmed windows bring in beautiful natural light. The kitchen offers stainless-steel appliances, warm wood cabinetry, and plenty of prep space perfect for everyday living or entertaining.Upstairs, the spacious primary suite provides privacy and comfort with a full bath and generous closet space. A flexible loft/office makes an ideal guest room, gym, or creative space. Enjoy your morning coffee on the private deck or take advantage of the community amenities an outdoor pool, tennis courts, clubhouse, and scenic jogging/biking paths. With an attached garage and no one living above you, this home delivers both convenience and peace of mind.Perfectly located near downtown Basking Ridge, NJ Transit, and major highways this one checks all the boxes!

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