2156 Madison AveBridgeportCT06606
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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 2156 Madison Ave, Bridgeport, CT, 06606 priced at $450,000 converts $3,195/mo rent into $137/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,195/mo, and annual cash flow totals $1,644/yr on $149,175 invested. Return on cash invested prints 21.01% in year one, and rental yield reads 8.52% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 109.53% and total cumulative return in cash sums $163,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,195/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1941
6,969 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: The Lewis Team At Coldwell Banker Realty • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087652
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.