2811 Fairfield Ave APT 1BridgeportCT06605
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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 2811 Fairfield Ave APT 1, Bridgeport, CT, 06605 generates $1,193/mo in rent, after a $758/mo payment. Total monthly income is $1,193/mo. Return on cash invested sits at 9.83% in year one, and rental yield is 9.24% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 54.47% and total cumulative return in cash sums $27,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,193/mo property income rather than buyer’s personal income.
Condo
Built in 1918
N/A lot
$N/A/sqft
$572 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06605, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,749 (100%) |
| Owner Occupied HU | 2,871 (26.7%) |
| Renter Occupied HU | 7,216 (67.1%) |
| Vacant Housing Units | 662 ( 6.2%) |
| Median Home Value | $383,100 |
| Average Home Value | $550,172 |
Housing Distribution
Address Breakdown
Residential
9,462
Single Family
7,029
Multi-Family
2,433
Businesses
634
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Listed by: Gail S. Robinson • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083814
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.