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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Basking Ridge at 3508 Balsam Way, Basking Ridge, NJ, 07920 offers a 9.15% rental yield on a $176,508 purchase with $1,346/mo rent. Total monthly income registers $1,346/mo, and a $864/mo payment leaves $88/mo available for distribution. Annual cash flow reaches $1,054/yr on $58,512 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $1,139/yr while 5% annual appreciation supports $48,766 over five years. Portfolio math shows five-year ROI at 113.74% and total cumulative return in cash at $66,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,346/mo property income against a $864/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
770 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07920, Basking Ridge, NJ area.
| 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 |
Residential
10,857
Single Family
10,296
Multi-Family
561
Businesses
492
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
