3370 Madison Ave Unit 2B · Bridgeport, CT 06606

$280,000

2 bd · 1.5 ba · 1,500 sqft · Condo public records · 10 Days on market

Built 1986 $524/mo HOA · 16% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.5/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• DSCR +4.4/10.0
• Livability +4.0/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come and See! Bridgeport's North End well maintained spacious 2 bedroom and 1.5 bathroom, minutes away from Sacred Heart University and the Trumbull Mall. Easy access to I95 and the Merritt Parkway. Enjoy its cathedral ceilings with lots of closet space including walk-in closets. There's wood flooring on the top level, kitchen has tiles and pergo flooring in the living room. The bedrooms, kitchen and living room each has a balcony/deck for exterior view/hangout. Large kitchen with a dining area, quartz counter top, big pantry closet, accompanied with stainless steel appliances. The laundry room is nicely fitted in hallway closet for easy washing/drying. New heating furnace installed in May 2023. The attic space provides plenty of storage and additional storage available on site. Dumpster available for trash removal and two assigned parking spaces.

Key facts

• Townhouse
• Madison avenue
• $524 HOA

Tags

• TOWNHOUSE
• MADISON AVENUE
• PARK ACROSS THE STREET
• PROXIMITY TO AMENITIES

Property features AI

Finance

• Other: Pets allowed per HOA rules; Complex contains 32 units
• HOA & community: Homeowners association with monthly fee; Monthly HOA fee covers trash pickup, snow removal, and property management

Exterior

• Utilities: Public water connected; Public sewer connected; Natural gas supply
• Home design: Condominium (Condo/Co-Op for sale)
• Construction: Frame construction
• Exterior features: Shingle siding; Located in the Madison Heights complex; Nearby amenities include basketball court, commuter bus, golf course, medical facilities, park, public transportation, shopping/mall, and tennis courts

Interior

• Kitchen: Gas cooktop; Gas range; Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms (unit spans 2 levels)
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Hot air heating (natural gas); Ceiling fans provide cooling
• Interior features: Ceiling fans
• Laundry & utility: Washer and dryer in unit; 40 gallon hot water tank

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $280k.

Deal economics

• At list price, monthly cash flow is $7 ($78/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $280k).
• Cap rate 6.6% vs local median 5.0% in Bridgeport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#15 in CT, #1,374 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D+, schools D-.
• Bridgeport School District (urban): math 9% / reading 19% proficiency, ranked #151 of 153 in CT (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 97% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.1%/yr); 152 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $3,190/mo this rent would consume 52% of the median local household income ($73k/yr) (locally 2163% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $280,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 6.56%
• Cash-on-cash: 0.95%
• DSCR: 1.04
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.12% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.44×
• Total profit: $-44,168
• Equity at exit: $41,749

10-year hold

• IRR: -6.8%
• Equity multiple: 0.56×
• Total profit: $-34,699
• Equity at exit: $24,209

Cash invested: $78,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06606

• Rents YoY: 3.1%
• Active inventory: 152
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $3,190 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$349 /mo · $4,190/yr
• Insurance: −$117
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$524
• Vacancy / Maint / Mgmt: −$670
• Net cashflow: $7

Break-even live

Break-even rent $3,182

Max offer price $280,000

Occupancy floor 95%

Sensitivity live

Price	-10% $165	-5% $86	+0% $7	+5% $-73	+10% $-152
Rent	-10% $-246	-5% $-119	+0% $7	+5% $133	+10% $259
Rate	-1.0pp $148	-0.5pp $78	base $7	+0.5pp $-66	+1.0pp $-140

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
130 Deramo Pl Bridgeport, CT	3.0	1.5	1252	$3,700	$2.96	4d	1	0.53mi
123 Folino Dr Bridgeport, CT	3.0	1.5	1386	$3,800	$2.74	45d	1	0.57mi
56 Janet Cir #7 Bridgeport, CT	2.0	2.0	1156	$2,600	$2.25	5d	1	0.58mi
200 Woodmont Ave #127 Bridgeport, CT	2.0	1.5	1184	$2,600	$2.20	25d	1	0.61mi
23 Ochsner Pl Unit 1 Bridgeport, CT	3.0	1.0	1250	$3,800	$3.04	45d	1	0.65mi
110 Grenelle St Bridgeport, CT	3.0	1.0	1351	$4,000	$2.96	5d	1	0.67mi
192 Frenchtown Rd Bridgeport, CT	3.0	3.5	1744	$4,200	$2.41	45d	1	0.67mi
715 Frenchtown Rd #4 Bridgeport, CT	2.0	1.5	1200	$2,300	$1.92	25d	1	0.74mi
715 Frenchtown Rd #40 Bridgeport, CT	2.0	1.5	1200	$2,500	$2.08	45d	1	0.74mi
127 Englewood Ave Bridgeport, CT	3.0	2.0	1530	$3,800	$2.48	45d	1	0.76mi
5085 Main St Trumbull, CT	1.0–2.0	1.0–2.0	985	$3,175	$3.22	4d	9	0.76mi
15 Overland Ave Bridgeport, CT	3.0	2.5	1713	$4,700	$2.74	45d	1	0.91mi
466 Merritt St Bridgeport, CT	2.0	1.0	1650	$1,800	$1.09	45d	1	0.92mi
51 Waller Rd Bridgeport, CT	3.0	1.0	1219	$2,600	$2.13	45d	1	0.94mi
46 Waller Rd Bridgeport, CT	3.0	2.0	1598	$3,800	$2.38	13d	1	0.96mi
4 Soundview Ave Unit NA Trumbull, CT	2.0	2.0	1506	$3,750	$2.49	45d	1	0.97mi
275 Burnsford Ave Bridgeport, CT	3.0	1.0	1116	$3,200	$2.87	25d	1	1.01mi
524 Beechmont Ave Bridgeport, CT	3.0	1.0	1104	$3,500	$3.17	25d	1	1.02mi
180 Pleasantview Ave Bridgeport, CT	3.0	2.0	1373	$3,700	$2.69	45d	1	1.02mi
765 Birmingham St Bridgeport, CT	3.0	1.0	1094	$3,600	$3.29	4d	1	1.06mi
1956 Madison Ave Unit 2 Bridgeport, CT	2.0	2.0	1166	$1,800	$1.54	45d	1	1.18mi
5545 Park Ave Fairfield, CT	1.0–2.0	1.0–2.0	1040	$3,900	$3.75	4d	1	1.20mi
74 Village Ln Bridgeport, CT	3.0	2.0	1428	$3,500	$2.45	4d	1	1.21mi
28 Higgins Ave Bridgeport, CT	2.0	1.0	1828	$2,200	$1.20	5d	1	1.21mi
63 Plum Tree Ln Trumbull, CT	3.0	2.0	2042	$4,000	$1.96	45d	1	1.31mi
415 Savoy St Bridgeport, CT	3.0	3.0	1850	$3,500	$1.89	45d	1	1.33mi
845 Hart St Unit 2 Bridgeport, CT	3.0	1.0	1200	$2,500	$2.08	45d	1	1.33mi
123 Harmony St Bridgeport, CT	3.0	1.0	2000	$2,500	$1.25	45d	1	1.41mi
100 Oakview Dr Trumbull, CT	1.0–2.0	1.0–2.0	1028	$3,390	$3.30	4d	1	1.47mi
156 Garden Dr Bridgeport, CT	2.0	1.0	1176	$2,400	$2.04	45d	1	1.48mi

HOA detail condo

• Monthly dues: $524 · $6,288/yr
• Likely covers: trashparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 8 events

1. 2026-06-22
   days on market $280,000 Active 10 DOM
2. 2026-06-18
   days on market $280,000 Active 7 DOM
3. 2026-06-17
   days on market $280,000 Active 6 DOM
4. 2026-06-16
   days on market $280,000 Active 5 DOM
5. 2026-06-15
   days on market $280,000 Active 4 DOM
6. 2026-06-13
   days on market $280,000 Active 2 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   listed $280,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $4,190 · $349/mo
• Projected year-2 tax: $5,091 · $424/mo
• Expected delta: +$901/yr (+$75/mo · 21.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,282
• − Mortgage interest: −$15,684
• − Property taxes: −$4,190
• − Insurance: −$2,066
• − Repairs & maintenance: −$3,063
• − Management: −$3,063
• − HOA: −$6,288
• − Depreciation: −$8,145
• Taxable loss: −$4,217
• Est. tax savings @ 24.0%: +$1,012
• After-tax cash flow: $1,090/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bridgeport School District
• NCES district ID: 0900450
• Math proficiency: 9% ▼ -7.00%
• Reading proficiency: 19% ▼ -10.00%
• Median HH income: $41,507
• Composite: 12.09/100
• National rank: #9656
• State rank: #151 of 153 in CT

Livability — Bridgeport

• Score: 81/100
• State rank: #15
• US rank: #1374

Category grades

Amenities A+ Commute A+ Cost of living B+ Crime C- Employment D+ Housing A Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, CT
• County: Fairfield County · 765,532 people
• City population: 149,153
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 49,308
• Household income: $73,372
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 2163.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Hispanic / Latino 37% White 31% Black 19% Two or more races 11% Asian 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 12% Dominican 4%
• Common ancestry: Estonian 5% Russian 4% Romanian 3%
• Foreign-born: 37% · Canada, Jamaica, Vietnam
• Languages at home: 50% English-only · Spanish 27% Other Indo-European 15% French/Haitian/Cajun 2%

Political lean MEDSL · Greater Bridgeport

• 2024 margin: Strong D (+23.3) · D 60.9% · R 37.6% · Other 1.5%
• All cycles: 2024: D+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -270.11%
• Current HPI: 345.647
• Rent YoY: ▲ 3.12%
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+124.0% since first listed

14 events — show timeline

• 2026-06-11 Listed $280,000 Smart MLS
• 2023-09-06 Sold (MLS) $270,000 Smart MLS
• 2023-06-26 Pending — Smart MLS
• 2023-06-04 Listed $262,900 Smart MLS
• 2009-08-31 Listing Removed — Smart MLS
• 2009-05-04 Listed $209,900 Smart MLS
• 2009-04-23 Listing Removed — Smart MLS
• 2008-11-23 Listed $209,900 Smart MLS
• 2006-05-05 Sold (Public Records) $205,000 Public Records
• 2006-04-27 Sold (MLS) $205,000 Smart MLS
• 2006-01-25 Listed $212,000 Smart MLS
• 2003-04-16 Sold (Public Records) $123,000 Public Records
• 2003-04-10 Sold (MLS) $123,000 Smart MLS
• 2002-08-15 Listed $125,000 Smart MLS

Property tax history

-3.2%/yr

Latest (2023): $4,190 · +0.0% YoY. Source: county tax records.