318 Grovers AvenueBridgeportCT06605
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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 318 Grovers Avenue, Bridgeport, CT, 06605 at $779,900 posts ROI 12.75% with from $3,736/mo rent. Total monthly income equals $3,736/mo. Return on cash invested measures 12.75% and rental yield reads 5.75% at the current $779,900. Equity gained on principal adds $5,033/yr, and 5% annual appreciation supports $215,472 by year five. Five-year ROI prints 65.24% and total cumulative return in cash totals $167,385. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,736/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1878
0.29 Acres 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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Listed by: Paul Ferreira • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24149109