123 Harlem AvenueBridgeportCT06606
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Bridgeport at 123 Harlem Avenue, Bridgeport, CT, 06606 with 5% annual appreciation on a $499,000 basis while $3,688/mo rent supports operations. Total monthly income totals $3,688/mo and a $2,442/mo payment preserves $298/mo for cash returns. Annual cash flow comes to $3,575/yr on $165,419 deployed, and return on cash invested reaches 22.07% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 8.87%. Five-year ROI measures 115.22% and total cumulative return in cash totals $190,590.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,688/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1919
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06606, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,356 (100%) |
| Owner Occupied HU | 9,785 (53.3%) |
| Renter Occupied HU | 7,465 (40.7%) |
| Vacant Housing Units | 1,106 ( 6.0%) |
| Median Home Value | $283,654 |
| Average Home Value | $374,558 |
Housing Distribution
Address Breakdown
Residential
17,090
Single Family
14,286
Multi-Family
2,804
Businesses
877
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Listed by: Kathy Chiluisa • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24136856