88 Horace StBridgeportCT06610
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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 88 Horace St, Bridgeport, CT, 06610 uses $87,848 cash to close to unlock $10,866/yr annual cash flow and $906/mo monthly cash flow. Total monthly income runs $2,706/mo, and a $1,297/mo payment keeps the spread at $906/mo. Purchase price stands at $265,000, and rental yield measures 12.25% with $2,706/mo rent. Return on cash invested shows 32.28% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 169.99% and total cumulative return in cash records $149,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,706/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Multi Family
Built in 1986
3,484 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: Eric Rosales • Smart Realty Services Corp
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076936
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.