156 Garden DriveBridgeportCT06606
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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
Rental property for sale in Bridgeport at 156 Garden Drive, Bridgeport, CT, 06606 priced at $535,000 converts $4,720/mo rent into $1,085/mo cash flow after a $2,619/mo obligation. Total monthly income equals $4,720/mo, and annual cash flow totals $13,014/yr on $176,015 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 10.59% against a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation compiles into $147,811 by year five. Five-year ROI reaches 144.07% and total cumulative return in cash sums $253,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,720/mo property income covering a $2,619/mo payment, not borrower’s personal income.
Multi Family
Built in 1962
4,791 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: Samuel J. Ham • Real Broker CT, LLC
Mls Name: Smart MLS
Mls ID: #24146579