40 Wake StreetBridgeportCT06610
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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
Rental property for sale in Bridgeport at 40 Wake Street, Bridgeport, CT, 06610 offers $3,840/mo rent that, after a $1,711/mo payment, leaves $1,465/mo cash flow. Total monthly income is $3,840/mo, and annual cash flow is $17,579/yr on $115,859 cash. Return on cash invested measures 35.08% in year one, and rental yield stands at 13.18% at a $349,500 entry. Equity gained on principal adds $2,255/yr while 5% annual appreciation compounds into $96,560 by year five. Five-year ROI records 184.98% and total cumulative return in cash reaches $214,321. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $1,711/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1942
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06610, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,192 (42.7%) |
| Renter Occupied HU | 4,977 (50.7%) |
| Vacant Housing Units | 646 ( 6.6%) |
| Median Home Value | $247,856 |
| Average Home Value | $296,119 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,381
Multi-Family
1,837
Businesses
634
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Listed by: Morales Top Sellers at Keller Williams • Keller Williams Realty Prtnrs.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098217
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.