








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 Watchung at 173 Ellisen Rd, Watchung, NJ, 07069 priced at $1,595,000 converts $3,480/mo rent into after a $7,807/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 2.05% in year one, and rental yield reads 2.62% against a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation compiles into $440,669 by year five. Five-year ROI reaches 8.24% and total cumulative return in cash sums $42,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $7,807/mo payment, not borrower’s personal income.
Single Family
Built in 1960
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07069, Watchung, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,060 (100%) |
| Owner Occupied HU | 2,188 (71.5%) |
| Renter Occupied HU | 777 (25.4%) |
| Vacant Housing Units | 95 ( 3.1%) |
| Median Home Value | $835,962 |
| Average Home Value | $867,602 |
Residential
2,432
Single Family
2,330
Multi-Family
102
Businesses
280
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $1,595,000 |
| 2024-08-19 | Listing removed | N/A |
| 2024-07-04 | Price change | $1,595,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $23291.89 | 1.63% | $1,141,200 | 3.33% |
| 2022-10-16 | $22919.28 | N/A | $1,104,400 | 3.41% |
| 2021-10-16 | N/A | N/A | $1,068,000 | 0.95% |



Listed by: Nelson Neria • Re/Max Premier
Mls Name: GSMLS
Mls Provider:
Mls ID: #3922146
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