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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% |
Rental property for sale in Basking Ridge at 41 Lake Rd, Basking Ridge, NJ, 07920 priced at $1,155,000 pairs $7,026/mo rent with after a $5,653/mo payment. Total monthly income equals $7,026/mo. Return on cash invested is 16.5% in year one, and rental yield stands at 7.3% on a $1,155,000 basis. Equity gained on principal adds $7,453/yr, and 5% annual appreciation accumulates to $319,105 by year five. Five-year ROI measures 85.73% and total cumulative return in cash reaches $320,815. For financing, Ziffy Mortgage’s DSCR program evaluates $7,026/mo property income against a $5,653/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.97 Acres 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 |
|---|---|---|
| 2025-07-24 | Sold | $1,155,000 |
| 2025-06-17 | Pending sale | $1,150,000 |
| 2025-06-04 | Listed for sale | $1,150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $14943.60 | -0.63% | $840,000 | 5.34% |
| 2023-10-13 | $15038.96 | -2.14% | $797,400 | 4.56% |
| 2022-10-13 | $15367.13 | N/A | $762,600 | 4.71% |
Listed by: Stephanie Horman • Turpin Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3967272
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
