127 Canaan Ct #24 · Bridgeport, CT 06614

$90,000

2 bd · 1.0 ba · 514 sqft · Condo · 130 Days on market

Built 1941 $175/sqft · 62% above area $576/mo HOA · 34% of rent

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Why this score? — see what drove the C 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 +21.7/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this fully renovated 2-bedroom, ranch-style Co-Op in a quite building of Success Village, all furniture is included in the sale

Key facts

• $576 HOA
• Parking
• Built 1941

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $139 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.8% 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-.
• Stratford School District (urban): math 22% / reading 38% proficiency, ranked #122 of 153 in CT (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 142 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y 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.
• Current owner paid $23k; list at $90k implies a 291% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent; built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.88% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.62%
• DSCR: 1.29
• GRM: 4.4

CMA / ARV

• ARV (median comp): $55,616
• List price: $90,000
• Delta: 61.82%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -5.7%
• Equity multiple: 0.79×
• Total profit: $-5,344
• Equity at exit: $13,419

10-year hold

• IRR: 4.4%
• Equity multiple: 1.33×
• Total profit: $8,297
• Equity at exit: $7,782

Cash invested: $25,200 (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 06614

• Active inventory: 142
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,693 high
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• HOA: −$576
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $139

Break-even live

Break-even rent $1,516

Max offer price $90,000

Occupancy floor 87%

Sensitivity live

Price	-10% $201	-5% $170	+0% $139	+5% $108	+10% $77
Rent	-10% $5	-5% $72	+0% $139	+5% $206	+10% $273
Rate	-1.0pp $184	-0.5pp $162	base $139	+0.5pp $116	+1.0pp $92

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
235 Henry Ave Unit 12E Stratford, CT	1.0	1.0	692	$1,695	$2.45	11d	1	0.14mi
250 N Bishop Ave #19 Bridgeport, CT	1.0	1.0	638	$1,650	$2.59	45d	1	0.20mi
250 N Bishop Ave Bridgeport, CT	1.0	1.0	611	$1,425	$2.33	24d	2	0.20mi
250 N Bishop Ave #1 Bridgeport, CT	1.0	1.0	583	$1,650	$2.83	13d	1	0.20mi
86 Birdsey St Unit 3R Bridgeport, CT	1.0	1.0	650	$1,350	$2.08	45d	1	0.53mi
192 Peace St Unit 1st floor Stratford, CT	2.0	1.0	712	$2,000	$2.81	45d	1	0.65mi
600 Bond St Unit 112 Bridgeport, CT	1.0	1.0	545	$2,250	$4.13	45d	1	0.70mi
556 Hollister St Stratford, CT	1.0–2.0	1.0	725	$2,295	$3.17	13d	4	0.83mi
1150 Ogden Street Ext Unit 102 Bridgeport, CT	1.0	1.0	700	$1,425	$2.04	15d	1	0.89mi
1525 Central Ave Bridgeport, CT	1.0	1.0	625	$1,550	$2.48	45d	3	1.02mi
231 Goddard Ave Unit 3RD Bridgeport, CT	2.0	1.0	618	$1,700	$2.75	4d	1	1.14mi
145 Cowles St Unit B7 Bridgeport, CT	1.0	1.0	600	$1,325	$2.21	4d	1	1.26mi
1254 Pembroke St Unit 1st Floor Bridgeport, CT	2.0	1.0	738	$1,850	$2.51	15d	1	1.27mi
186 Louisiana Ave Unit D Bridgeport, CT	1.0	1.0	650	$1,700	$2.62	22d	1	1.27mi
154 Virginia Ave Unit B Bridgeport, CT	1.0	1.0	650	$1,800	$2.77	45d	1	1.34mi
647 Union Ave Unit 2 Bridgeport, CT	2.0	1.0	750	$1,675	$2.23	4d	1	1.36mi
1333 E Main St Apt 1 Bridgeport, CT	2.0	1.0	700	$1,700	$2.43	4d	1	1.41mi
1333 E Main St #5 Bridgeport, CT	2.0	1.0	700	$1,650	$2.36	4d	1	1.41mi
498 Sherwood Pl Stratford, CT	3.0	1.0–2.0	984	$2,622	$2.66	22d	5	1.41mi
3699 Broadbridge Ave #101 Stratford, CT	1.0	1.0	680	$1,700	$2.50	24d	1	1.43mi
3699 Broadbridge Ave #101 Stratford, CT	1.0	1.0	680	$1,700	$2.50	45d	1	1.43mi
1111 Stratford Ave Stratford, CT	2.0	1.0–2.0	809	$2,750	$3.40	45d	7	1.46mi

HOA detail condo

• Monthly dues: $576 · $6,912/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-21
   days on market $90,000 Active 130 DOM
2. 2026-06-18
   days on market $90,000 Active 127 DOM
3. 2026-06-17
   days on market $90,000 Active 126 DOM
4. 2026-06-16
   days on market $90,000 Active 125 DOM
5. 2026-06-15
   days on market $90,000 Active 124 DOM
6. 2026-06-13
   days on market $90,000 Active 122 DOM
7. 2026-06-13
   days on market $90,000 Active 121 DOM
8. 2026-06-10
   days on market $90,000 Active 119 DOM
9. 2026-06-09
   days on market $90,000 Active 118 DOM
10. 2026-06-08
    days on market $90,000 Active 117 DOM
11. 2026-06-07
    days on market $90,000 Active 116 DOM
12. 2026-06-03
    days on market $90,000 Active 112 DOM
13. 2026-06-03
    days on market $90,000 Active 111 DOM
14. 2026-06-01
    days on market $90,000 Active 110 DOM
15. 2026-05-31
    days on market $90,000 Active 109 DOM
16. 2026-02-09
    listed $90,000 Active 136-char remark

    Show marketing remark (136 chars)

    Come see this fully renovated 2-bedroom, ranch-style Co-Op in a quite building of Success Village, all furniture is included in the sale

17. 2024-12-19
    historical
18. 2024-06-01
    status Under Contract
19. 2024-05-19
    listed $55,000 Active
20. 2021-07-13
    historical
21. 2021-05-26
    historical Under Contract - Continue to Show
22. 2021-05-24
    listed $48,000 Active
23. 2020-12-18
    soldstatus $23,000 Closed
24. 2020-11-04
    historical Under Contract - Continue to Show
25. 2020-10-23
    status Active
26. 2020-09-15
    historical Under Contract - Continue to Show
27. 2020-06-09
    listed $25,000 Active
28. 2020-01-18
    historical
29. 2020-01-18
    status Under Contract
30. 2019-11-19
    historical Under Contract - Continue to Show
31. 2019-10-22
    listed $19,900 Active
32. 2019-08-01
    historical
33. 2019-01-16
    listed $27,000 Active

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

Taxation est. · year 1

• Rental income: $20,310
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$450
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − HOA: −$6,912
• − Depreciation: −$2,618
• Taxable income: $689
• Est. tax owed @ 24.0%: −$165
• After-tax cash flow: $1,504/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: Stratford School District
• NCES district ID: 0904440
• Math proficiency: 22% ▼ -12.00%
• Reading proficiency: 38% ▼ -10.00%
• Median HH income: $67,912
• Composite: 27.85/100
• National rank: #6877
• State rank: #122 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

• City population: 149,153
• Population (ZIP): 35,538

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 17% Two or more races 8% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 7% Dominican 2%
• Common ancestry: Romanian 8% Scotch-Irish 3% Lithuanian 2%
• Foreign-born: 11% · Canada, Jamaica, Dominican Republic
• Languages at home: 80% English-only · Spanish 11% Other Indo-European 3% 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: ▼ -343.74%
• Current HPI: 206.0128
• Rent YoY: —
• Metro: —
• 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

+233.3% since first listed

18 events — show timeline

• 2026-02-09 Listed $90,000 Smart MLS
• 2024-12-19 Listing Removed — Smart MLS
• 2024-06-01 Pending — Smart MLS
• 2024-05-19 Listed $55,000 Smart MLS
• 2021-07-13 Listing Removed — Smart MLS
• 2021-05-26 Contingent — Smart MLS
• 2021-05-24 Listed $48,000 Smart MLS
• 2020-12-18 Sold (MLS) $23,000 Smart MLS
• 2020-11-04 Contingent — Smart MLS
• 2020-10-23 Relisted — Smart MLS
• 2020-09-15 Contingent — Smart MLS
• 2020-06-09 Listed $25,000 Smart MLS
• 2020-01-18 Listing Removed — Smart MLS
• 2020-01-18 Pending — Smart MLS
• 2019-11-19 Contingent — Smart MLS
• 2019-10-22 Listed $19,900 Smart MLS
• 2019-08-01 Listing Removed — Smart MLS
• 2019-01-16 Listed $27,000 Smart MLS