232 Texas Ave UNIT 232BridgeportCT06610
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 232 Texas Ave UNIT 232, Bridgeport, CT, 06610 in Bridgeport achieves a 1.60 ratio at $200,000: $1,435/mo rent versus $899/mo debt service. Rental yield 8%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8% yield compounds alongside 5% annual appreciation projecting $55,256 in value. Total projected cumulative return: $60,395.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.1% |
| Monthly Cash Flow | $(374) | $850 |
City averages based on Bridgeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,435 |
| Total Monthly Debt Service | $1,627 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1949
N/A lot
$N/A/sqft
$348 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06610, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,192 (42.7%) |
| Renter Occupied HU | 4,977 (50.7%) |
| Vacant Housing Units | 646 ( 6.6%) |
| Median Home Value | $247,856 |
| Average Home Value | $296,119 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,381
Multi-Family
1,837
Businesses
634
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
Condo
Built in 1949
N/A lot
$N/A/sqft
$348 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06610, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,192 (42.7%) |
| Renter Occupied HU | 4,977 (50.7%) |
| Vacant Housing Units | 646 ( 6.6%) |
| Median Home Value | $247,856 |
| Average Home Value | $296,119 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,381
Multi-Family
1,837
Businesses
634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth Zeiss • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088293
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.