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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 80 Aspen Drive, Basking Ridge, NJ, 07920 at $599,000 posts ROI 19.24% with from $4,700/mo rent. Total monthly income equals $4,700/mo. Return on cash invested measures 19.24% and rental yield reads 9.42% at the current $599,000. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 by year five. Five-year ROI prints 101.72% and total cumulative return in cash totals $200,470. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,700/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1983
N/A lot
$N/A/sqft
$565 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 |
|---|---|---|
| 2018-04-11 | Sold | $420,000 |
| 2018-02-01 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-04 | $8503.62 | -0.00% | $478,000 | 6.01% |
| 2023-06-04 | $8503.97 | 5.09% | $450,900 | 15.23% |
| 2022-06-04 | $8091.85 | N/A | $391,300 | 2.03% |
Listed by: Margaret Sellers • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966968
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.
