247 Lyons Rd, Basking Ridge, NJ, 07920 | 7.68% Rental Yield

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247 Lyons Rd, Basking Ridge, NJ, 07920 | 7.68% Rental Yield | Ziffy

For Sale

Listed for sale 3 days ago

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 247 Lyons Rd, Basking Ridge, NJ, 07920 earns from $5,944/mo rent with a $4,547/mo payment. Total monthly income totals $5,944/mo. ROI tracks 17.4% on current figures, and rental yield reads 7.68% at a $929,000 purchase. Equity gained on principal adds $5,995/yr, and 5% annual appreciation supports $256,666 over five years. Five-year ROI reaches 90.6% and total cumulative return in cash sums $276,896. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,944/mo property income instead of your personal income.

Single Family

Built in 1968

1.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover luxury and tranquility in this beautifully renovated 4-bedroom home nestled on a sprawling 1.29-acre lot. Professional landscaping and a welcoming front entry invite you into a bright, open-concept floor plan. The fully remodeled gourmet kitchen boasts quartz countertops, tile backsplash, new appliances, large center island with seating, abundant cabinetry, and ample prep space. The kitchen flows seamlessly into the dining room with custom beamed ceiling and the spacious living room with an electric fireplace flanked by built-in shelving. The primary suite offers a tray ceiling, custom decorative accent wall, and a renovated en-suite bathroom with a spa-like shower, while two additional bedrooms and a second fully renovated full bathroom complete the main level. Downstairs, an enormous rec room awaits your personal touch, with a slider walkout to the backyard patio, plus a flexible fourth bedroom that can double as an office. Finishing this level is a full bathroom, laundry room, multiple storage closets, and direct access to the oversized 2-car garage. Outside offers a private escape with wooded views and a patio perfect for gatherings. Other features include a new roof, new siding, new hardwood floors, and new HVAC. This home combines thoughtful renovations, high-end finishes and versatile spaces and is close to shopping, parks, restaurants, and transportation in a top NJ school district. Come see for yourself and truly appreciate what this property has to offer!

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