246 Pennsylvania Avenue #ABridgeportCT06610
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 246 Pennsylvania Avenue #A, Bridgeport, CT, 06610 uses $46,410 cash to close to unlock $7,764/yr annual cash flow and $647/mo monthly cash flow. Total monthly income runs $2,000/mo, and a $685/mo payment keeps the spread at $647/mo. Purchase price stands at $140,000, and rental yield measures 17.14% with $2,000/mo rent. Return on cash invested shows 36.64% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 197.07% and total cumulative return in cash records $91,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,000/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1949
N/A lot
$N/A/sqft
$402 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: Alan D. Stewart Jr • ASJ Realty Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24125215
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.