669 Queen StreetBridgeportCT06606
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 669 Queen Street, Bridgeport, CT, 06606 in Bridgeport is capital appreciation. Rental yield 4.85%. The 4.85% gross yield at $699,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $193,369 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.90) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $143,177.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 6.1% |
| Monthly Cash Flow | $(1,928) | $850 |
City averages based on Bridgeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,827 |
| Total Monthly Debt Service | $4,477 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1942
4,791 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
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
Multi Family
Built in 1942
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24160282