390 Charles Street APT 109, Bridgeport, CT, 06606 | 8.15% Rental Yield

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390 Charles Street APT 109, Bridgeport, CT, 06606 | 8.15% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bridgeport at 390 Charles Street APT 109, Bridgeport, CT, 06606 offers a 8.15% rental yield on a $265,000 purchase with $1,800/mo rent. 9% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 103.63% and total cumulative return in cash at $91,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1923

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to one of the largest units in the building. Located in the secure-access Federal Arms complex, residents enjoy an elevator, a beautifully landscaped courtyard, and a walkable neighborhood. New York Loft Style 1st Fl. spacious and renovated and freshly painted unit boasts soaring 12 foot ceilings, open layout, exposed brick and hardwood floors. This is the only one unit in the building that has new energy efficient wall mounted ductless Carrier system. Washer/dryer are in the unit. Two deed parking spaces, one in the garage & one on the main level plus plenty of additional street parking. This property has close proximity to I95, Route8, Merritt Parkway, Shopping, Restaurants, Public Transportation and St. Vincent's Hospital.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06606, Bridgeport, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,356 (100%)
Owner Occupied HU	9,785 (53.3%)
Renter Occupied HU	7,465 (40.7%)
Vacant Housing Units	1,106 ( 6.0%)
Median Home Value	$283,654
Average Home Value	$374,558