850 Atlantic Street #208BridgeportCT06604
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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
Investment property for sale in Bridgeport at 850 Atlantic Street #208, Bridgeport, CT, 06604 uses $66,300 cash to close to unlock $312/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,385/mo, and a $979/mo payment keeps the spread at $26/mo. Purchase price stands at $200,000, and rental yield measures 8.31% with $1,385/mo rent. Return on cash invested shows 20.38% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 106.15% and total cumulative return in cash records $70,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,385/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1987
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
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Listed by: Cherice McNeil • eXp Realty
Mls Name: Smart MLS
Mls ID: #24141978