76 Suburban AvenueBridgeportCT06604
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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 76 Suburban Avenue, Bridgeport, CT, 06604 priced at $649,000 converts $2,976/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,976/mo. Return on cash invested prints 12% in year one, and rental yield reads 5.5% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 61.2% and total cumulative return in cash sums $130,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,976/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Multi Family
Built in 1912
6,098 sqft 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
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Listed by: Cristy A. Lu • YellowBrick Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24129161