45 Stevens Street #3LBridgeportCT06606
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.71, 45 Stevens Street #3L, Bridgeport, CT, 06606 in Bridgeport sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.24%. The 9.24% yield is backed by 5% annual appreciation projecting $42,824 in value gain, plus $1,428/yr in principal reduction. Total projected cumulative return: $68,274.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.1% |
| Monthly Cash Flow | $(209) | $850 |
City averages based on Bridgeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,194 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,090
Single Family
14,286
Multi-Family
2,804
Businesses
877
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,090
Single Family
14,286
Multi-Family
2,804
Businesses
877
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James R. Timchenko • Coldwell Banker Bivins Realty
Mls Name: Smart MLS
Mls ID: #24153946