542 Norman StreetBridgeportCT06605
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
Investment Highlights
Rental property for sale in Bridgeport at 542 Norman Street, Bridgeport, CT, 06605 priced at $425,000 converts $3,254/mo rent into $367/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,254/mo, and annual cash flow totals $4,398/yr on $140,888 invested. Return on cash invested prints 23.03% in year one, and rental yield reads 9.19% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 120.39% and total cumulative return in cash sums $169,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,254/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Multi Family
Built in 1897
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mustafa Muaremi • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls ID: #24112844