86 Lance Circle #86BridgeportCT06606
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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 86 Lance Circle #86, Bridgeport, CT, 06606 uses $96,798 cash to close to unlock $7,562/yr annual cash flow and $630/mo monthly cash flow. Total monthly income runs $2,856/mo, and a $1,429/mo payment keeps the spread at $630/mo. Purchase price stands at $292,000, and rental yield measures 11.74% with $2,856/mo rent. Return on cash invested shows 27.72% in year one, and 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 146.64% and total cumulative return in cash records $141,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,856/mo property income covering a $1,429/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$242 monthly 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
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Listed by: Mary Ellen Kelly • Carey & Guarrera Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24118356
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.