148 N Bishop Ave · Bridgeport, CT 06610

$199,900

3 bd · 1.0 ba · 1,109 sqft · SingleFamily public records · 7 Days on market

Built 1918 4,791 sqft lot Est $305k · 34% under

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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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity knocks in Bridgeport's desirable East End! Conveniently located near the area hospitals, I-95, and Route 8, this colonial offers incredible accessibility for commuters while sitting on a quieter street with room to create your vision. Whether you're an investor searching for your next project to build sweat equity, this property is an equity improvement gold mine ready for its next chapter. Step onto the property and imagine the possibilities. The cleared lot and spacious front yard create a welcoming setting perfect for outdoor play, relaxing afternoons, or future landscaping ideas that truly make the home your own. Inside, the convenient first-floor layout keeps everyday livin

Key facts

• Spacious front yard
• Cleared lot
• First floor laundry

Tags

• CLEARED LOT
• SPACIOUS FRONT YARD
• FIRST FLOOR LAUNDRY
• BRAND NEW FURNACE
• BRAND NEW HOT WATER HEATER
• UPDATED PLUMBING

Property features AI

Finance

• Other: Property listed for sale

Exterior

• Utilities: Public water connected; Public sewer connected
• Home design: Single-family home
• Construction: Frame construction; Stone foundation; Asphalt shingle roof; Light blue exterior
• Exterior features: Level lot; Stone and stucco siding

Interior

• Kitchen: Oven/Range; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot air heating; Natural gas heat; 40-gallon natural gas hot water tank
• Interior features: Full unfinished basement; 5 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $312 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 8.2% 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+.
• 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.
• Zoned schools: Hall School (math 8% / reading 12%, grade F, #512 of 553 statewide, top 94%, 183 students, 93% FRL); Warren Harding High School (math 2% / reading 8%, grade F, #192 of 194 statewide, top 100%, 1,109 students, 82% FRL).
• Market conditions: 68 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $2,257/mo this rent would consume 52% of the median local household income ($52k/yr) (locally 1368% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% 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 $199,900

Questions for the listing agent

1. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.69%
• DSCR: 1.30
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $304,975
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
190 Light St	0.36mi	3/1.0	1,128 (+2%)	1mo	$355,000	$315	79
69 Weber Ave	0.10mi	3/1.0	1,202 (+8%)	3mo	$330,000	$275	79
206 Remington St	0.53mi	3/1.0	1,124 (+1%)	0mo	$300,000	$267	73
459 East Ave	0.21mi	3/1.0	1,267 (+14%)	1mo	$266,000	$210	65
35 Kent Ave	0.33mi	3/1.5	1,240 (+12%)	3mo	$335,000	$270	60
500 Barnum Ter Ext	0.63mi	3/1.0	1,188 (+7%)	0mo	$381,000	$321	58
510 Barnum Ter Ext	0.63mi	3/1.0	1,188 (+7%)	1mo	$325,000	$274	58
170 Judson Pl	0.42mi	3/1.0	1,271 (+15%)	0mo	$320,000	$252	56
71 Oakland St	0.72mi	3/1.5	1,169 (+5%)	2mo	$380,000	$325	54
220 Victory St	0.58mi	3/1.5	1,232 (+11%)	2mo	$345,000	$280	51
59 Oakland St	0.72mi	2/2.0 (-1)	1,065 (-4%)	1mo	$365,000	$343	50
366 Dover St	0.58mi	3/2.5	1,239 (+12%)	0mo	$275,000	$222	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -6.0%
• Equity multiple: 0.78×
• Total profit: $-12,421
• Equity at exit: $29,806

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $15,147
• Equity at exit: $17,284

Cash invested: $55,972 (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 06610

• Home prices YoY: -7.5%
• Active inventory: 68
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,257 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$339 /mo · $4,072/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $312

Break-even live

Break-even rent $1,862

Max offer price $199,900

Occupancy floor 81%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
228 Weber St Unit 2ndfl Stratford, CT	2.0	1.0	937	$2,100	$2.24	44d	1	0.14mi
129 Sage Ave Unit 2R Bridgeport, CT	2.0	1.0	1030	$1,750	$1.70	21d	1	0.23mi
285 Clover St Unit 2 Stratford, CT	3.0	1.0	1152	$2,150	$1.87	43d	1	0.24mi
285 Clover St Unit 2 Stratford, CT	2.0	1.0	1152	$2,150	$1.87	23d	1	0.24mi
47 Clover St Stratford, CT	2.0	1.0	1280	$1,950	$1.52	14d	1	0.25mi
64 Velvet St Bridgeport, CT	3.0	1.0	1430	$2,500	$1.75	11d	1	0.30mi
184 Pearl Harbor St Unit 2 Bridgeport, CT	2.0	1.0	850	$2,000	$2.35	23d	1	0.31mi
2336 Barnum Ave Stratford, CT	2.0	1.0	1272	$1,950	$1.53	3d	1	0.34mi
246 Judson Pl Apt B Bridgeport, CT	3.0	1.0	1000	$2,800	$2.80	14d	1	0.36mi
250 Summerfield Ave Unit 1 Bridgeport, CT	2.0	1.0	1000	$1,875	$1.88	2d	1	0.36mi
110-112 Pixlee Pl Unit 2 Bridgeport, CT	2.0	1.0	1151	$1,800	$1.56	21d	1	0.37mi
253 East Ave Unit 253 Bridgeport, CT	2.0	1.0	1267	$1,750	$1.38	23d	1	0.39mi
1804 Barnum Ave Unit 10 Bridgeport, CT	2.0	1.0	1100	$2,000	$1.82	43d	1	0.40mi
172 Swanson Ave Stratford, CT	3.0	1.5	1495	$3,300	$2.21	2d	1	0.42mi
53 Pixlee Pl Unit 2nd Bridgeport, CT	3.0	1.0	1475	$2,195	$1.49	3d	1	0.44mi
335 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	3d	1	0.45mi
333 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	3d	1	0.46mi
192 Peace St Unit 1st floor Stratford, CT	2.0	1.0	712	$2,000	$2.81	43d	1	0.46mi
144 Palisade Ave Bridgeport, CT	3.0	1.0	1096	$2,600	$2.37	43d	1	0.47mi
123 Summerfield Ave Bridgeport, CT	2.0	1.0	1026	$2,300	$2.24	43d	1	0.48mi
136 Peace St Unit 4 Stratford, CT	2.0	1.0	800	$1,700	$2.12	43d	1	0.48mi
75 Judson Pl Bridgeport, CT	3.0	1.5	1384	$2,850	$2.06	14d	1	0.49mi
54 Remington St Bridgeport, CT	3.0	1.0	1004	$1,900	$1.89	3d	1	0.54mi
371 Dover St Unit 371 Bridgeport, CT	2.0	1.0	900	$2,100	$2.33	43d	1	0.58mi
268 Bond St Bridgeport, CT	2.0	1.0	900	$2,200	$2.44	43d	1	0.60mi
556 Hollister St Stratford, CT	1.0–2.0	1.0	725	$2,295	$3.17	11d	4	0.60mi
1874 Barnum Ave Unit 2E Stratford, CT	3.0	1.0	1000	$2,800	$2.80	3d	1	0.61mi
1145 Ogden St Unit 3R Bridgeport, CT	3.0	1.0	1000	$1,695	$1.70	14d	1	0.64mi
591 Pearl Harbor St Bridgeport, CT	2.0	1.0	900	$1,750	$1.94	3d	1	0.66mi
334 Hollister St Unit 2 Stratford, CT	2.0	1.0	832	$2,200	$2.64	11d	1	0.69mi
2156 Seaview Ave Fl LHS Bridgeport, CT	3.0	1.0	1000	$2,400	$2.40	43d	1	0.70mi
600 Bond St Unit 113 Bridgeport, CT	2.0	1.0	893	$3,000	$3.36	43d	1	0.76mi
56-58 Edwin St Unit 2 Bridgeport, CT	2.0	1.0	900	$1,900	$2.11	43d	1	0.91mi
314 Knowlton St Stratford, CT	4.0	1.5	1015	$3,150	$3.10	43d	1	0.97mi
481 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1250	$2,000	$1.60	23d	1	0.99mi
36 Carver St Unit 1 Bridgeport, CT	2.0	1.0	1094	$2,200	$2.01	23d	1	0.99mi
22-26 Carver St Bridgeport, CT	2.0	1.0	1094	$2,200	$2.01	11d	1	1.00mi
458 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1100	$1,899	$1.73	43d	1	1.00mi
11 Colony St Stratford, CT	4.0	2.0	1450	$3,700	$2.55	3d	1	1.01mi
116 Hastings St Bridgeport, CT	2.0	1.5	857	$2,400	$2.80	14d	1	1.02mi

Listing history 6 events

1. 2026-06-05
   status $199,900 Under Contract 7 DOM
2. 2026-06-03
   days on market $199,900 Active 7 DOM
3. 2026-06-03
   days on market $199,900 Active 6 DOM
4. 2026-06-01
   days on market $199,900 Active 5 DOM
5. 2026-05-31
   days on market $199,900 Active 4 DOM
6. 2026-05-27
   listed $199,900 Active

ⓘ 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: $4,072 · $339/mo
• Projected year-2 tax: $4,175 · $348/mo
• Expected delta: +$103/yr (+$9/mo · 2.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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 54% 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: $27,085
• − Mortgage interest: −$11,198
• − Property taxes: −$4,072
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,167
• − Management: −$2,167
• − Depreciation: −$5,815
• Taxable income: $667
• Est. tax owed @ 24.0%: −$160
• After-tax cash flow: $3,586/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): 22,020
• Household income: $51,634
• Rent vs Own: 50.6% rent · 49.4% own
• Severe rent burden: 1368.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 51% Black 23% White 20% Two or more races 14% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 30% Dominican 6%
• Common ancestry: Romanian 4% Estonian 3% Hispanic 2%
• Foreign-born: 31% · Canada, Jamaica, Vietnam
• Languages at home: 47% English-only · Spanish 40% Other Indo-European 5% Russian/Polish/Slavic 3%

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: ▼ -29.78%
• Current HPI: 370.1432
• Rent YoY: —
• 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

1 event — show timeline

• 2026-05-27 Listed $199,900 Smart MLS

Property tax history

-0.8%/yr

Latest (2023): $4,072 · +0.0% YoY. Source: county tax records.