65 Lance Circle #65BridgeportCT06606
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 65 Lance Circle #65, Bridgeport, CT, 06606 in Bridgeport delivers $2,153/mo in gross rent and $249/mo in net monthly income at a $251,000 entry. The 10.29% yield and 1.91 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $69,347 over five years and $2,312/yr in equity from loan paydown, total projected return is $112,782.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.1% |
| Monthly Cash Flow | $249 | $850 |
City averages based on Bridgeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,153 |
| Total Monthly Debt Service | $1,804 |
| DSCR Ratio | 1.19x |
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 1983
N/A lot
$N/A/sqft
$198 monthly 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 1983
N/A lot
$N/A/sqft
$198 monthly 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: Diane N. Rankine • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084982
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.