306 Carroll AvenueBridgeportCT06607
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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 306 Carroll Avenue, Bridgeport, CT, 06607 offers a 9.34% rental yield on a $350,000 purchase with $2,724/mo rent. Total monthly income registers $2,724/mo, and a $1,713/mo payment leaves $346/mo available for distribution. Annual cash flow reaches $4,152/yr on $116,025 to close, and return on cash invested stands at 23.49% 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 122.81% and total cumulative return in cash at $142,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,724/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 1887
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06607, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 921 (26.0%) |
| Renter Occupied HU | 2,263 (63.9%) |
| Vacant Housing Units | 357 (10.1%) |
| Median Home Value | $253,750 |
| Average Home Value | $254,137 |
Housing Distribution
Address Breakdown
Residential
3,010
Single Family
2,746
Multi-Family
264
Businesses
389
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Listed by: Daniel D. Williams • Martin Real Estate
Mls Name: Smart MLS
Mls ID: #24142005