2445 Park Avenue APT 23BridgeportCT06604
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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
Investment property for sale in Bridgeport at 2445 Park Avenue APT 23, Bridgeport, CT, 06604 uses $129,285 cash to close to unlock $9,624/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $3,452/mo, and a $1,909/mo payment keeps the spread at $802/mo. Purchase price stands at $390,000, and rental yield measures 10.62% with $3,452/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 143.54% and total cumulative return in cash records $185,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,452/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in 1986
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: Jimmy Edwards • Redfin Corporation
Mls Name: Smart MLS
Mls ID: #24121684