297 Laurel AveBridgeportCT06605
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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 297 Laurel Ave, Bridgeport, CT, 06605 offers a 25.1% rental yield on a $148,980 purchase with $3,116/mo rent. Total monthly income registers $3,116/mo, and a $729/mo payment leaves $1,786/mo available for distribution. Annual cash flow reaches $21,426/yr on $49,387 to close, and return on cash invested stands at 63.29% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,160 over five years. Portfolio math shows five-year ROI at 339.15% and total cumulative return in cash at $167,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,116/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1897
3,920 sqft lot
$N/A/sqft
No 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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