279 English Place, Basking Ridge, NJ, 07920 | $357/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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279 English Place, Basking Ridge, NJ, 07920 | $357/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

Rental property for sale in Basking Ridge at 279 English Place, Basking Ridge, NJ, 07920 generates $3,743/mo in rent and, after a $2,325/mo payment, leaves $357/mo in cash flow. Total monthly income is $3,743/mo, and annual cash flow is $4,286/yr on $157,463 invested. Return on cash invested sits at 22.63% in year one, and rental yield is 9.46% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 118.69% and total cumulative return in cash sums $186,895. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,743/mo property income rather than buyer’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

First time offered in years! This large 300 Model is situated in one of the best locations in the community! Walk to pool and tennis from this two-story traditional unit with eat in kitchen, formal dining room, living room with custom wall to wall fireplace, sunroom with sliders out to a large patio area, primary bedroom with En Suite full bath and double closets, second floor laundry and more! Residents of Society Hill enjoy a range of amenities, including an inground pool, tennis courts, clubhouse, playground, scenic walking and biking paths and more. It's convenient location is nearby to Pleasant Valley Park, top rated schools, shopping and commuting and fine dining make this a must see! Bring your imagination to make this home yours.

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