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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 51 Jamestown Rd, Basking Ridge, NJ, 07920 priced at $365,000 converts $2,938/mo rent into after a $1,786/mo obligation. Total monthly income equals $2,938/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 9.66% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 103.23% and total cumulative return in cash sums $124,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,938/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$378 monthly 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 |
|---|---|---|
| 2024-11-05 | Listed for sale | $365,000 |
| 2024-10-26 | Listing removed | $2,400 |
| 2024-10-24 | Price change | $2,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $5620.28 | 8.99% | $298,000 | 11.99% |
| 2022-11-12 | $5156.84 | N/A | $266,100 | 8.88% |
| 2021-11-12 | N/A | N/A | $244,400 | 4.04% |
Listed by: Lisa Brown • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932879
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 2024 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.
