284 Potomac DrBasking RidgeNJ07920
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Basking Ridge at 284 Potomac Dr, Basking Ridge, NJ, 07920 offers a 9.58% rental yield on a $399,000 purchase with $3,186/mo rent. 39% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 102.6% and total cumulative return in cash at $135,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,186/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
$399 monthly 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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Nearby investment properties with comparable prices
Listed by: Alma Aguayo • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957769
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