70 Manila PlaceBridgeportCT06610
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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 70 Manila Place, Bridgeport, CT, 06610 priced at $479,000 converts $2,588/mo rent into after a $2,344/mo obligation. Total monthly income equals $2,588/mo. Return on cash invested prints 14.88% in year one, and rental yield reads 6.48% against a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation compiles into $132,339 by year five. Five-year ROI reaches 76.63% and total cumulative return in cash sums $121,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,588/mo property income covering a $2,344/mo payment, not borrower’s personal income.
Multi Family
Built in 1942
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06610, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,815 (100%) |
| Owner Occupied HU | 4,192 (42.7%) |
| Renter Occupied HU | 4,977 (50.7%) |
| Vacant Housing Units | 646 ( 6.6%) |
| Median Home Value | $247,856 |
| Average Home Value | $296,119 |
Housing Distribution
Address Breakdown
Residential
9,218
Single Family
7,381
Multi-Family
1,837
Businesses
634
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Listed by: James Montanaro • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24148573