631 Fairview AvenueBridgeportCT06606
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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 631 Fairview Avenue, Bridgeport, CT, 06606 offers $3,553/mo rent that, after a $2,203/mo payment, leaves $495/mo cash flow. Total monthly income is $3,553/mo, and annual cash flow is $5,940/yr on $149,175 cash. Return on cash invested measures 23.89% in year one, and rental yield stands at 9.47% at a $449,999 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,326 by year five. Five-year ROI records 124.97% and total cumulative return in cash reaches $186,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,553/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
5,662 sqft 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
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Listed by: Omari Williams • Besmatch Real Estate
Mls Name: Smart MLS
Mls ID: #24138031