180 Read StreetBridgeportCT06607
Nearby investment properties with comparable rents
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
Rental property for sale in Bridgeport at 180 Read Street, Bridgeport, CT, 06607 offers $2,233/mo rent that, after a $1,542/mo payment, leaves $93/mo cash flow. Total monthly income is $2,233/mo, and annual cash flow is $1,110/yr on $104,423 cash. Return on cash invested measures 20.97% in year one, and rental yield stands at 8.51% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 109.35% and total cumulative return in cash reaches $114,185. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,233/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1897
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06607, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 921 (26.0%) |
| Renter Occupied HU | 2,263 (63.9%) |
| Vacant Housing Units | 357 (10.1%) |
| Median Home Value | $253,750 |
| Average Home Value | $254,137 |
Housing Distribution
Address Breakdown
Residential
3,010
Single Family
2,746
Multi-Family
264
Businesses
389
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Listed by: Towanna L. Randall • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24146462