70 SIMS StreetBridgeportCT06604
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 70 SIMS Street, Bridgeport, CT, 06604 generates $1,448/mo in rent and, after a $587/mo payment, leaves $633/mo in cash flow. Total monthly income is $1,448/mo, and annual cash flow is $7,598/yr on $39,747 invested. Return on cash invested sits at 39.03% in year one, and rental yield is 14.49% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 206.26% and total cumulative return in cash sums $81,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,448/mo property income rather than buyer’s personal income.
Condo
Built in 1918
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06604, Bridgeport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,316 (100%) |
| Owner Occupied HU | 3,269 (26.5%) |
| Renter Occupied HU | 7,875 (63.9%) |
| Vacant Housing Units | 1,172 ( 9.5%) |
| Median Home Value | $273,911 |
| Average Home Value | $331,970 |
Housing Distribution
Address Breakdown
Residential
11,437
Single Family
7,045
Multi-Family
4,392
Businesses
1,051
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eugene Leone • Eugene A Leone Real Estate
Mls Name: Smart MLS
Mls ID: #24142304