881 Lafayette Boulevard #4NBridgeportCT06604
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 11.27% yield at 881 Lafayette Boulevard #4N, Bridgeport, CT, 06604 in Bridgeport is solid, but the $1,012/mo payment compresses net cash flow to $132/mo at $225,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $62,163 by year five, and $2,072/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.09) without U.S. income documentation. Total projected return: $123,516.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.1% |
| Monthly Cash Flow | $132 | $850 |
City averages based on Bridgeport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,113 |
| Total Monthly Debt Service | $1,439 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1929
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
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
Condo
Built in 1929
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: Stephanie H. Ferreira • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls ID: #24152908