2370 North Ave UNIT 10ABridgeportCT06604
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
Investment property for sale in Bridgeport at 2370 North Ave UNIT 10A, Bridgeport, CT, 06604 uses $59,339 cash to close to unlock $2,219/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $876/mo payment keeps the spread at $185/mo. Purchase price stands at $179,000, and rental yield measures 14.53% with $2,168/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 129.31% and total cumulative return in cash records $76,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $876/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$767 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wessam Ahmad • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088660
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.