164 Flanders StreetBridgeportCT06604
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Nearby investment properties with comparable prices
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 164 Flanders Street, Bridgeport, CT, 06604 at $128,500 posts ROI 68.39% with $1,721/mo cash flow from $2,594/mo rent. Total monthly income equals $2,594/mo, and annual cash flow records $20,650/yr on $42,598 to close. Return on cash invested measures 68.39% and rental yield reads 24.22% at the current $128,500. Equity gained on principal adds $829/yr, and 5% annual appreciation supports $35,502 by year five. Five-year ROI prints 363.62% and total cumulative return in cash totals $154,896.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,594/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06604, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,316 (100%) |
| Owner Occupied HU | 3,269 (26.5%) |
| Renter Occupied HU | 7,875 (63.9%) |
| Vacant Housing Units | 1,172 ( 9.5%) |
| Median Home Value | $273,911 |
| Average Home Value | $331,970 |
Housing Distribution
Address Breakdown
Residential
11,437
Single Family
7,045
Multi-Family
4,392
Businesses
1,051
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Listed by: John Hackett • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24088126