289 East AvenueBridgeportCT06610
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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 289 East Avenue, Bridgeport, CT, 06610 offers a 9.91% rental yield on a $350,000 purchase with $2,890/mo rent. Total monthly income registers $2,890/mo, and a $1,713/mo payment leaves $512/mo available for distribution. Annual cash flow reaches $6,144/yr on $116,025 to close, and return on cash invested stands at 25.2% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 132.01% and total cumulative return in cash at $153,170. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,890/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1917
2,613 sqft lot
$N/A/sqft
No 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
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Listed by: Tenaira Greene • Higgins Group Greenwich
Mls Name: Smart MLS
Mls ID: #24105539