150 Norland Ave · Bridgeport, CT 06606

$259,900

3 bd · 1.5 ba · 1,558 sqft · SingleFamily public records · 3 Days on market

Built 1951 4,791 sqft lot Est $444k · 41% under

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Why this score? — see what drove the B- 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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +8.0/10.0
• 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

Handyman/Contractor Special - Roof is 3 years old. Home is subject to probate court approval. Being Sold As Is. Water is turned off. Buyers must do their own due diligence with appropriate inspections.

Key facts

• 4,791 sq ft lot
• Garage
• Built 1951

Property features AI

Exterior

• Parking: Under-house garage (1 car)
• Utilities: Public water connected; Public sewer connected
• Home design: Single-family home
• Construction: Frame construction; Vinyl siding; White exterior color; Concrete and masonry foundation; Asphalt shingle roof
• Exterior features: Level to sloping lot; Beach rights

Interior

• Bedrooms: Three bedrooms
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Hot water heating; Natural gas fuel; 40-gallon hot water tank
• Interior features: Six total rooms; Partial basement with garage access; One fireplace
• Laundry & utility: Laundry located on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $614 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $260k).
• Cap rate 9.1% vs local median 4.6% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $3,385/mo this rent would consume 55% 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 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 41% 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 $259,900

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.30% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.12%
• DSCR: 1.45
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $444,030
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
291 Frenchtown Rd	0.38mi	3/1.5	1,584 (+2%)	3mo	$399,000	$252	77
76 Luther St	0.56mi	3/1.0	1,570 (+1%)	2mo	$425,000	$271	69
120 Clark St	0.50mi	4/2.0 (+1)	1,556 (-0%)	2mo	$550,000	$353	68
35 Marcel St	0.33mi	3/1.0	1,370 (-12%)	1mo	$400,000	$292	62
1265 Lindley St	0.68mi	3/1.5	1,599 (+3%)	2mo	$390,000	$244	62
235 Burnsford Ave	0.53mi	3/1.5	1,696 (+9%)	2mo	$470,000	$277	59
110 Beauvue Ter	0.62mi	3/1.5	1,673 (+7%)	1mo	$480,000	$287	58
114 Oxford St	0.48mi	4/1.0 (+1)	1,457 (-6%)	3mo	$360,000	$247	57
490 Woodside Ave	0.41mi	3/2.0	1,352 (-13%)	4mo	$385,000	$285	54
142 Chatham Ter	0.21mi	4/4.0 (+1)	1,731 (+11%)	4mo	$505,000	$292	53
403 Clark St	0.71mi	3/1.5	1,373 (-12%)	0mo	$375,000	$273	47
37 Herald Ave	0.62mi	4/1.5 (+1)	1,332 (-14%)	2mo	$390,000	$293	40

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 · 3.12% rent growth · sell at horizon

5-year hold

• IRR: -0.9%
• Equity multiple: 0.97×
• Total profit: $-2,388
• Equity at exit: $38,752

10-year hold

• IRR: 9.0%
• Equity multiple: 1.70×
• Total profit: $50,825
• Equity at exit: $22,471

Cash invested: $72,772 (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: 6.4×

Monthly cashflow live

• Estimated rent: $3,385 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$589 /mo · $7,071/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$711
• Net cashflow: $614

Break-even live

Break-even rent $2,608

Max offer price $259,900

Occupancy floor 77%

Sensitivity live

Price	-10% $761	-5% $688	+0% $614	+5% $540	+10% $467
Rent	-10% $347	-5% $480	+0% $614	+5% $748	+10% $881
Rate	-1.0pp $745	-0.5pp $680	base $614	+0.5pp $547	+1.0pp $478

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 Overland Ave Bridgeport, CT	3.0	2.5	1713	$4,700	$2.74	45d	1	0.06mi
180 Pleasantview Ave Bridgeport, CT	3.0	2.0	1373	$3,700	$2.69	45d	1	0.07mi
340 Pleasantview Ave Unit 2nd/3rd floors Bridgeport, CT	4.0	2.0	1728	$3,000	$1.74	45d	1	0.14mi
318 Valley Ave Bridgeport, CT	4.0	2.0	1718	$3,250	$1.89	25d	1	0.18mi
524 Beechmont Ave Bridgeport, CT	3.0	1.0	1104	$3,500	$3.17	25d	1	0.20mi
110 Grenelle St Bridgeport, CT	3.0	1.0	1351	$4,000	$2.96	5d	1	0.32mi
120 Englewood Ave Bridgeport, CT	4.0	2.0	1675	$3,650	$2.18	5d	1	0.33mi
127 Englewood Ave Bridgeport, CT	3.0	2.0	1530	$3,800	$2.48	45d	1	0.34mi
28 Higgins Ave Bridgeport, CT	2.0	1.0	1828	$2,200	$1.20	5d	1	0.38mi
192 Frenchtown Rd Bridgeport, CT	3.0	3.5	1744	$4,200	$2.41	45d	1	0.39mi
200 Woodmont Ave #127 Bridgeport, CT	2.0	1.5	1184	$2,600	$2.20	25d	1	0.41mi
845 Hart St Unit 2 Bridgeport, CT	3.0	1.0	1200	$2,500	$2.08	45d	1	0.43mi
275 Burnsford Ave Bridgeport, CT	3.0	1.0	1116	$3,200	$2.87	25d	1	0.54mi
123 Harmony St Bridgeport, CT	3.0	1.0	2000	$2,500	$1.25	45d	1	0.57mi
70 Pitt St Bridgeport, CT	4.0	1.0	1208	$3,200	$2.65	23d	1	0.63mi
466 Merritt St Bridgeport, CT	2.0	1.0	1650	$1,800	$1.09	45d	1	0.68mi
131 Infield St Bridgeport, CT	3.0	1.5	1199	$3,450	$2.88	45d	1	0.71mi
457 Summit St Bridgeport, CT	3.0	1.5	1511	$4,000	$2.65	45d	1	0.74mi
14 Infield St Bridgeport, CT	3.0	2.5	1344	$3,200	$2.38	45d	1	0.75mi
68-70 Westfield Ave Bridgeport, CT	4.0	2.0	1470	$3,200	$2.18	16d	1	0.76mi
715 Frenchtown Rd #4 Bridgeport, CT	2.0	1.5	1200	$2,300	$1.92	25d	1	0.79mi
715 Frenchtown Rd #40 Bridgeport, CT	2.0	1.5	1200	$2,500	$2.08	45d	1	0.79mi
74 Village Ln Bridgeport, CT	3.0	2.0	1428	$3,500	$2.45	4d	1	0.80mi
139 Little Deer Rd Bridgeport, CT	4.0	2.0	1420	$3,600	$2.54	45d	1	0.81mi
208 Fairview Ave Bridgeport, CT	3.0	1.0	1200	$2,300	$1.92	25d	1	0.83mi
415 Savoy St Bridgeport, CT	3.0	3.0	1850	$3,500	$1.89	45d	1	0.85mi
765 Birmingham St Bridgeport, CT	3.0	1.0	1094	$3,600	$3.29	4d	1	0.90mi
1956 Madison Ave Unit 2 Bridgeport, CT	2.0	2.0	1166	$1,800	$1.54	45d	1	0.93mi
23 Ochsner Pl Unit 1 Bridgeport, CT	3.0	1.0	1250	$3,800	$3.04	45d	1	1.03mi
130 Deramo Pl Bridgeport, CT	3.0	1.5	1252	$3,700	$2.96	4d	1	1.03mi
927 Birmingham St Bridgeport, CT	4.0	2.0	1362	$3,800	$2.79	4d	1	1.05mi
51 Indian Ave Unit 1546115P Bridgeport, CT	3.0	1.0	1388	$3,871	$2.79	13d	1	1.05mi
5 Cloverhill Ave Bridgeport, CT	4.0	2.0	1344	$4,000	$2.98	4d	1	1.07mi
56 Janet Cir #7 Bridgeport, CT	2.0	2.0	1156	$2,600	$2.25	5d	1	1.07mi
2744 Main St Bridgeport, CT	2.0	1.0	1315	$2,250	$1.71	25d	1	1.09mi
389 Hawley Ave Unit 3 Bridgeport, CT	2.0	1.0	1160	$1,900	$1.64	25d	1	1.10mi
50 Trumbull Ave Bridgeport, CT	2.0	1.0	1200	$2,400	$2.00	25d	1	1.10mi
156 Garden Dr Bridgeport, CT	2.0	1.0	1176	$2,400	$2.04	45d	1	1.11mi
560 Old Town Rd Trumbull, CT	3.0	2.0	1896	$3,800	$2.00	4d	1	1.12mi
18 Amsterdam Ave Unit 3A Bridgeport, CT	2.0	1.5	1158	$2,175	$1.88	45d	1	1.13mi

Listing history 5 events

1. 2026-06-13
   status $259,900 Under Contract 3 DOM
2. 2026-06-10
   days on market $259,900 Active 3 DOM
3. 2026-06-09
   days on market $259,900 Active 2 DOM
4. 2026-06-07
   remarks 201-char remark
5. 2026-06-07
   listed $259,900 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: $7,071 · $589/mo
• Projected year-2 tax: $7,071 · $589/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 41% 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: $40,625
• − Mortgage interest: −$14,558
• − Property taxes: −$7,071
• − Insurance: −$1,300
• − Repairs & maintenance: −$3,250
• − Management: −$3,250
• − Depreciation: −$7,561
• Taxable income: $3,635
• Est. tax owed @ 24.0%: −$872
• After-tax cash flow: $6,495/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

1 event — show timeline

• 2026-06-07 Listed $259,900 Smart MLS

Property tax history

+2.2%/yr

Latest (2023): $7,071 · +0.0% YoY. Source: county tax records.