3200 Park Avenue #11E2BridgeportCT06604
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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 3200 Park Avenue #11E2, Bridgeport, CT, 06604 offers a 10.13% rental yield on a $350,000 purchase with $2,956/mo rent. Total monthly income registers $2,956/mo, and a $1,713/mo payment leaves $578/mo available for distribution. Annual cash flow reaches $6,936/yr on $116,025 to close, and return on cash invested stands at 25.89% 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 135.68% and total cumulative return in cash at $157,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,956/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06604, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,316 (100%) |
| Owner Occupied HU | 3,269 (26.5%) |
| Renter Occupied HU | 7,875 (63.9%) |
| Vacant Housing Units | 1,172 ( 9.5%) |
| Median Home Value | $273,911 |
| Average Home Value | $331,970 |
Housing Distribution
Address Breakdown
Residential
11,437
Single Family
7,045
Multi-Family
4,392
Businesses
1,051
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Listed by: Lauren Auresto • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls ID: #24139942