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973 Ellis Pkwy
Property Overview
Active Listing
1 / 11
11 listing photos · Tap Enlarge for full-size view
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Specs
5
Beds
3
Baths
Interior Living Space (Sq Ft)
1579 sq ft
Lot Size (Sq Ft)
10,998 sq ft
Year Built
1952
Price/Sq Ft (Living Area)
475$
Price/Sq Ft (Lot Size)
68$
Lifestyle
Walk Score
0
Transit Score
20
Neighborhood Vibe
A calculation based on nearby amenity density.
Taxes
%
Latest Check
Tax Year
Annual Tax
N/A
Assessed Value
N/A
Price History
Zestimate Range
$394k – $769k
+82.3%
since 2016
2016: $420kNow: $766k
Zillow Zestimate history · 121 data points
Safety & Hazards
A
Safety Rating
Based on Crime & Hazards
Crime Rate Index
Very Low
0/100
Flood Risk
Unknown
In July 2016, a water main break in Edison caused flooding, impacting multiple homes. In September 2021, Tropical Storm Ida caused severe flooding in Edison, with many vehicles covered by floodwaters. There were water main breaks in Edison in December 2024 and August 2024.
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Property Showing
973 Ellis Pkwy, Edison, NJ 08820
Edison,, NJ
Zumintel Report
EVALUATED FOR: LIVING + STR (AIRBNB)
973 Ellis Pkwy, Edison, NJ 08820
MULTI_FAMILY•April 25, 2026•MLS #2610478R
75/100
Living + STR Score
STR Regulation Warning: unclear
STR regulations in Edison are unclear and may be subject to change.
Summary: Zumintel Engine assessed this property's zoning from neighborhood context — no specific parcel zone was confirmed. Short-term rentals are not specifically mentioned in the city's code of ordinances.
Zoning determined by AI research. Verify your parcel before investing.Verify on official map
Executive Summary
Verdict Locked
Based on current list price and market conditions.
Est. Price
$750,000
Square Feet
1,579
Year Built
1952
Configuration
5bd / 3ba
Market Context
- Pricing PositionThe list price of $750,000 is above the recent median sale price in Edison.
- Liquidity RiskHomes in Edison are selling after 38-66 days on the market.
- NeighborhoodLocated in a suburban area with access to local shopping, dining, and parks.
- Local MarketMedian Neighborhood Price: $741,000 (-3.2% YoY)Market Velocity: Stable • Inventory: Low • Avg DOM: 69 days
- Investment PotentialEstimated Rent: $3,048/moCap Rate: 3.17% • 5-Year Growth: -15.0%
- STR MarketThe Edison STR market has approximately 46 listings with an average daily rate of $88 and an occupancy rate of 71% based on 2021 data. Note that this data might be outdated.
Location & Destination
Tourist Destinations
- ★Thomas Edison Center at Menlo Park
- ★Roosevelt Park
- Property has a low transit score of 20 .
- Close proximity to Roosevelt and Merrill Parks.
- Near local shopping and dining options.
Payment Calculator
$
$
Assumptions & Methodology
- •STR Data: Nightly yields mapped from regional AVM adjusted comps using a conservative median occupancy baseline. Verified via AI context.
- •Cap Rate: Derived mathematically (Market Adjusted Gross Yield minus standard expense, maintenance, and vacancy ratios).
- •Standard Math: Standard principle and interest amortized over 30-year fixed rates. Taxes and insurance are estimations.
Estimated Monthly Payment
$5,542
Principal & Interest
$3,792Operating Expenses/mo
$1,750House Hack Impact
Estimated Payment$5,542
-Projected STR Revenue-$3,746
Net Payment Out-of-Pocket$1,796/mo
The conventional US estimated payment calculation is for informational purposes only. Users are free to make their financial decisions based on their personal economic, ethical and religious belief systems.
Financial Performance
Based on 6.5% rate · 20% down · 30-yr fixedInvestment Analysis Locked
Detailed Cash Flow, Cap Rate, and ROI projections are available for Builder+ plans or by using Top-Up Credits.
Upgrade to Unlock Investment DataStrategic Assessment
Key Advantages
- •Multi-family property offers rental income potential.
- •Potential to offset mortgage with rental income.
- •Proximity to parks, shopping, and dining.
Considerations
- •STR legality is unclear, posing a regulatory risk.
- •Low transit score may limit appeal to some renters .
- •Older building (built in 1952) may require maintenance.
Due Diligence
- •Verify zoning regulations regarding short-term rentals with the township.
- •Investigate potential flood risks and insurance requirements.
10-Year Wealth Outlook
10-Year Wealth Outlook · Pro+
Upgrade to Pro to see how this property builds (or erodes) wealth and why.
Verdict Locked
Analyst Verdict
Based on current list price and market conditions.
STRONG BUY
Use-Case Alignment
living
Medium Match
Short-Term
Medium Match
Living+STR
Medium Match
rental
High Match
House Hack
High Match
flip
Low Match
Disclaimer: This report is for informational purposes only and does not constitute financial or real estate advice. Zumintel is not liable for any inaccuracies or the condition of the property. Users should conduct their own due diligence.
Definitions & Methodology
Cap Rate (Capitalization Rate)Net Operating Income (NOI) divided by the property asset value. It indicates the potential rate of return on the real estate investment.
Investment ScoreA proprietary composite score (0-100):
- 80-100: Excellent (Strong Cashflow & Potential)
- 60-79: Good (Stable, Moderate Returns)
- 40-59: Fair (Value Add Required)
- <40: Risky (Negative Cashflow/High Risk)
Walk ScoreA measure of walkability based on the distance to nearby amenities. 90-100 is a "Walker's Paradise".
Transit ScoreEstimates how well a location is served by public transport. Calculated based on distance to nearest stops and frequency.
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