None · Bridgeport, CT 06606

$277,500

3 bd · 2.0 ba · 1,268 sqft · SingleFamily public records · 74 Days on market

Built 1988 4,791 sqft lot Est $372k · 25% 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 +18.5/30.0
• ARV discount +15.0/15.0
• 1% rule +5.9/10.0
• DSCR +5.8/10.0
• 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

Opportunity awaits in desirable North End! This 3-bedroom, 2-bath single-family home, built in 1988 and offering approximately 1,268 square feet of living space on a 0.11-acre lot, is ready for a complete renovation and ideal for investors, contractors, or buyers looking to create value. The two-story layout with gas heat and basement space. Conveniently located near Sacred Heart University and Discovery Museum, as well as shopping, parks, and major highways. Bridgeport 60 miles away from NYC. Property is being sold strictly as-is, where-is, subject to probate approval. Cash offers preferred.

Key facts

• Complete renovation
• Gas heat
• Two-story layout

Tags

• COMPLETE RENOVATION
• TWO-STORY LAYOUT
• GAS HEAT
• BASEMENT SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $278k.

Deal economics

• At list price, monthly cash flow is $266 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $278k).
• Recommended offer: $261k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 $3,023/mo this rent would consume 49% 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

• It's been on market 74 days — a 6% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $196k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $260,849 (6.0% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.09% ✓
• Cap rate: 7.44%
• Cash-on-cash: 4.11%
• DSCR: 1.18
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $371,524
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
33 Trelane Dr	0.17mi	3/2.5	1,288 (+2%)	2mo	$517,500	$402	86
37 Herald Ave	0.08mi	4/1.5 (+1)	1,332 (+5%)	2mo	$390,000	$293	79
490 Woodside Ave	0.27mi	3/2.0	1,352 (+7%)	4mo	$385,000	$285	73
35 Marcel St	0.37mi	3/1.0	1,370 (+8%)	1mo	$400,000	$292	65
255 Ruth St	0.52mi	3/1.0	1,219 (-4%)	1mo	$379,900	$312	64
252 Bear Paw Rd	0.45mi	4/1.0 (+1)	1,189 (-6%)	0mo	$460,000	$387	59
69 Seaver Cir	0.74mi	4/1.0 (+1)	1,287 (+2%)	1mo	$425,000	$330	54
375 Ruth St	0.51mi	3/1.0	1,116 (-12%)	1mo	$375,000	$336	51
403 Clark St	0.75mi	3/1.5	1,373 (+8%)	0mo	$375,000	$273	49
496 Burnsford Ave	0.63mi	3/1.0	1,152 (-9%)	4mo	$320,000	$278	48
114 Minturn Pl	0.68mi	2/1.0 (-1)	1,184 (-7%)	2mo	$310,000	$262	46
114 Oxford St	0.41mi	4/1.0 (+1)	1,457 (+15%)	3mo	$360,000	$247	44

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: -9.7%
• Equity multiple: 0.65×
• Total profit: $-27,472
• Equity at exit: $41,376

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $114
• Equity at exit: $23,993

Cash invested: $77,700 (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: 7.6×

Monthly cashflow live

• Estimated rent: $3,023 high
• Mortgage (P&I): −$1,455
• Tax from tax record: −$551 /mo · $6,617/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$635
• Net cashflow: $266

Break-even live

Break-even rent $2,686

Max offer price $277,500

Occupancy floor 86%

Sensitivity live

Price	-10% $423	-5% $345	+0% $266	+5% $188	+10% $109
Rent	-10% $27	-5% $147	+0% $266	+5% $386	+10% $505
Rate	-1.0pp $406	-0.5pp $337	base $266	+0.5pp $194	+1.0pp $121

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: $69,375
• Closing costs: $8,325
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Kennedy Dr #127 Bridgeport, CT	2.0	1.0	1023	$2,250	$2.20	13d	1	0.07mi
104 Kennedy Dr Bridgeport, CT	2.0	1.0	1023	$2,600	$2.54	45d	1	0.11mi
139 Little Deer Rd Bridgeport, CT	4.0	2.0	1420	$3,600	$2.54	45d	1	0.25mi
200 Woodmont Ave #127 Bridgeport, CT	2.0	1.5	1184	$2,600	$2.20	25d	1	0.34mi
130 Deramo Pl Bridgeport, CT	3.0	1.5	1252	$3,700	$2.96	4d	1	0.38mi
56 Janet Cir #7 Bridgeport, CT	2.0	2.0	1156	$2,600	$2.25	5d	1	0.43mi
120 Englewood Ave Bridgeport, CT	4.0	2.0	1675	$3,650	$2.18	5d	1	0.46mi
127 Englewood Ave Bridgeport, CT	3.0	2.0	1530	$3,800	$2.48	45d	1	0.48mi
110 Grenelle St Bridgeport, CT	3.0	1.0	1351	$4,000	$2.96	5d	1	0.53mi
192 Frenchtown Rd Bridgeport, CT	3.0	3.5	1744	$4,200	$2.41	45d	1	0.58mi
466 Merritt St Bridgeport, CT	2.0	1.0	1650	$1,800	$1.09	45d	1	0.61mi
340 Pleasantview Ave Unit 2nd/3rd floors Bridgeport, CT	4.0	2.0	1728	$3,000	$1.74	45d	1	0.67mi
34 Seaver Cir Bridgeport, CT	4.0	2.0	1555	$3,500	$2.25	4d	1	0.69mi
275 Burnsford Ave Bridgeport, CT	3.0	1.0	1116	$3,200	$2.87	25d	1	0.70mi
15 Overland Ave Bridgeport, CT	3.0	2.5	1713	$4,700	$2.74	45d	1	0.71mi
524 Beechmont Ave Bridgeport, CT	3.0	1.0	1104	$3,500	$3.17	25d	1	0.75mi
765 Birmingham St Bridgeport, CT	3.0	1.0	1094	$3,600	$3.29	4d	1	0.76mi
180 Pleasantview Ave Bridgeport, CT	3.0	2.0	1373	$3,700	$2.69	45d	1	0.79mi
927 Birmingham St Bridgeport, CT	4.0	2.0	1362	$3,800	$2.79	4d	1	0.82mi
123 Folino Dr Bridgeport, CT	3.0	1.5	1386	$3,800	$2.74	45d	1	0.82mi
715 Frenchtown Rd #40 Bridgeport, CT	2.0	1.5	1200	$2,500	$2.08	45d	1	0.82mi
715 Frenchtown Rd #4 Bridgeport, CT	2.0	1.5	1200	$2,300	$1.92	25d	1	0.82mi
318 Valley Ave Bridgeport, CT	4.0	2.0	1718	$3,250	$1.89	25d	1	0.84mi
23 Ochsner Pl Unit 1 Bridgeport, CT	3.0	1.0	1250	$3,800	$3.04	45d	1	0.84mi
1956 Madison Ave Unit 2 Bridgeport, CT	2.0	2.0	1166	$1,800	$1.54	45d	1	0.87mi
39 Lance Cir #39 Bridgeport, CT	2.0	1.0	915	$2,500	$2.73	45d	1	0.91mi
25 Rena Pl Fairfield, CT	2.0	1.0	930	$3,200	$3.44	45d	1	0.93mi
28 Higgins Ave Bridgeport, CT	2.0	1.0	1828	$2,200	$1.20	5d	1	0.93mi
30 Quarry St Bridgeport, CT	1.0–2.0	1.0	805	$1,825	$2.27	25d	3	0.99mi
5085 Main St Trumbull, CT	1.0–2.0	1.0–2.0	985	$3,175	$3.22	4d	9	1.00mi
415 Savoy St Bridgeport, CT	3.0	3.0	1850	$3,500	$1.89	45d	1	1.01mi
97 Wentworth St Unit 3 Bridgeport, CT	2.0	1.0	950	$2,000	$2.11	5d	1	1.02mi
845 Hart St Unit 2 Bridgeport, CT	3.0	1.0	1200	$2,500	$2.08	45d	1	1.06mi
68-70 Westfield Ave Bridgeport, CT	4.0	2.0	1470	$3,200	$2.18	16d	1	1.16mi
68-70 Westfield Ave Bridgeport, CT	2.0	1.0	888	$2,200	$2.48	5d	1	1.16mi
156 Garden Dr Bridgeport, CT	2.0	1.0	1176	$2,400	$2.04	45d	1	1.16mi
74 Village Ln Bridgeport, CT	3.0	2.0	1428	$3,500	$2.45	4d	1	1.20mi
151-153 Alexander Ave Unit 1 Bridgeport, CT	3.0	1.0	1100	$2,400	$2.18	13d	1	1.21mi
51 Waller Rd Bridgeport, CT	3.0	1.0	1219	$2,600	$2.13	45d	1	1.21mi
454 Summit St Bridgeport, CT	2.0	1.0	1010	$2,000	$1.98	45d	1	1.22mi

Listing history 4 events

1. 2026-05-19
   status Under Contract
2. 2026-03-07
   historical Under Contract - Continue to Show
3. 2026-03-06
   listed $277,500 Active
4. 1987-04-14
   soldstatus $196,000

ⓘ 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: $6,617 · $551/mo
• Projected year-2 tax: $6,617 · $551/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 5/10 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: $36,282
• − Mortgage interest: −$15,544
• − Property taxes: −$6,617
• − Insurance: −$1,388
• − Repairs & maintenance: −$2,903
• − Management: −$2,903
• − Depreciation: −$8,073
• Taxable loss: −$1,145
• Est. tax savings @ 24.0%: +$275
• After-tax cash flow: $3,470/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

+41.6% since first listed

4 events — show timeline

• 2026-05-19 Pending — Smart MLS
• 2026-03-07 Contingent — Smart MLS
• 2026-03-06 Listed $277,500 Smart MLS
• 1987-04-14 Sold (Public Records) $196,000 Public Records

Property tax history

+0.8%/yr

Latest (2023): $6,617 · +0.0% YoY. Source: county tax records.