775 Stratford Rd · Lordship, CT 06615

$500,000

3 bd · 1.0 ba · 1,206 sqft · SingleFamily public records · 22 Days on market

Built 1952 7,405 sqft lot Est $503k · at est.

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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 +13.5/30.0
• ARV discount +7.8/15.0
• DSCR +4.1/10.0
• 1% rule +3.6/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is more than a home, it's a lifestyle. Perfectly placed in the heart of Lordship, where coastal living meets everyday convenience. This adorable 3-bedroom, 1.5-bath, cape offers the perfect blend of functionality and lifestyle, featuring a convenient first-floor bedroom ideal for guests, flexible living, or easy one-level living. Inside, you'll find inviting spaces, including a great sunroom perfect for morning coffee, reading, or relaxing after a day by the water. An open-concept eat-in kitchen that flows seamlessly into the adjacent living area, which is waiting for your personal touch! The finished basement adds incredible versatility with space for working out, an at-home office, m

Key facts

• Open concept kitchen
• Sunroom
• Finished basement

Tags

• FIRST FLOOR BEDROOM
• SUNROOM
• OPEN CONCEPT KITCHEN
• FINISHED BASEMENT
• BEAUTIFULLY MAINTAINED YARD
• SHORT STROLL TO BEACHES

Property features AI

Exterior

• Parking: Detached garage; 2-car garage
• Utilities: Public water connected; Public sewer connected; Oil tank located in basement
• Home design: Single-family home
• Construction: Frame construction; Concrete foundation; Asphalt shingle roof; Vinyl siding; Built with living area recorded as 1206 (public record)
• Exterior features: Level, cleared, open lot; Professionally landscaped; Walk-to-water access with beach rights in a water community

Interior

• Kitchen: Electric cooktop; Microwave; Refrigerator; Dishwasher
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Hot air heating; Oil-fired heat
• Interior features: Bonus room; Full, partially finished basement; Possible in-law apartment with lower-level access; Central air
• Laundry & utility: Laundry located downstairs in unfinished lower-level space; 30-gallon oil hot water tank

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $500k.

Deal economics

• At list price, monthly cash flow is $19 ($231/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $432k (13.6% below list).
• Recommended offer: $432k (13.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Zoned schools: Lordship School (math 22% / reading 32%, grade F, #401 of 553 statewide, top 74%, 177 students, 48% FRL); Stratford High School (math 19% / reading 46%, grade F, #125 of 194 statewide, top 66%, 1,127 students, 45% FRL) — zoned schools average 47% FRL vs 31% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 73 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $4,321/mo this rent would consume 64% of the median local household income ($82k/yr) (locally 507% 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 $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($492k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 29y 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 $127k; list at $500k implies a 294% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 65% 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 $432,128 (13.6% below list)

Questions for the listing agent

1. Built in 1952 — 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. 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?
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: 0.86% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.17%
• DSCR: 1.01
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $502,902
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
85 Maureen St	0.17mi	3/1.0	1,160 (-4%)	0mo	$540,000	$466	86
855 Stratford Rd	0.08mi	3/2.0	1,206 (0%)	10mo	$527,500	$437	84
265 Lighthouse Ave	0.25mi	3/1.0	1,373 (+14%)	10mo	$555,000	$404	57
186 Jefferson St	0.53mi	2/1.5 (-1)	1,205 (-0%)	13mo	$655,000	$544	57
421 Short Beach Rd	0.21mi	3/2.0	1,028 (-15%)	7mo	$525,000	$511	56
218 Victoria LAWN	0.31mi	2/1.0 (-1)	1,101 (-9%)	17mo	$443,000	$402	52
124 Lighthouse Ave	0.23mi	3/2.0	1,373 (+14%)	13mo	$550,000	$401	52
305 1st Ave	0.55mi	3/2.0	1,221 (+1%)	20mo	$560,000	$459	51
90 Grove St	0.39mi	2/1.0 (-1)	1,048 (-13%)	6mo	$335,900	$321	50
545 Washington Pkwy	0.51mi	2/1.5 (-1)	1,288 (+7%)	17mo	$442,000	$343	44
159 Jefferson St	0.57mi	3/2.0	1,342 (+11%)	10mo	$560,000	$417	42

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: -16.0%
• Equity multiple: 0.43×
• Total profit: $-79,767
• Equity at exit: $74,552

10-year hold

• IRR: -7.7%
• Equity multiple: 0.52×
• Total profit: $-67,768
• Equity at exit: $43,231

Cash invested: $140,000 (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 06615

• Active inventory: 73
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $4,321 medium
• Mortgage (P&I): −$2,622
• Tax from tax record: −$564 /mo · $6,770/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$907
• Net cashflow: $19

Break-even live

Break-even rent $4,297

Max offer price $500,000

Occupancy floor 95%

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: $125,000
• Closing costs: $15,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 Shoreline Dr #15 Stratford, CT	2.0	1.0	1344	$8,000	$5.95	23d	1	0.74mi
164 Meadowview Ave Stratford, CT	3.0	1.5	1188	$2,800	$2.36	43d	1	1.20mi
301 McGrath Ct Stratford, CT	3.0	1.5	1232	$2,450	$1.99	23d	1	1.48mi

Listing history 14 events

1. 2026-06-13
   statusdays on market $500,000 Under Contract 22 DOM
2. 2026-06-10
   days on market $500,000 Under Contract - Continue to Show 21 DOM
3. 2026-06-09
   days on market $500,000 Under Contract - Continue to Show 20 DOM
4. 2026-06-08
   days on market $500,000 Under Contract - Continue to Show 19 DOM
5. 2026-06-07
   days on market $500,000 Under Contract - Continue to Show 18 DOM
6. 2026-06-03
   days on market $500,000 Under Contract - Continue to Show 14 DOM
7. 2026-06-03
   days on market $500,000 Under Contract - Continue to Show 13 DOM
8. 2026-06-02
   status $500,000 Under Contract - Continue to Show 12 DOM
9. 2026-06-01
   days on market $500,000 Active 12 DOM
10. 2026-05-31
    days on market $500,000 Active 11 DOM
11. 2026-05-20
    listed $500,000 Active
12. 1997-11-17
    soldstatus $127,000
13. 1997-11-11
    soldstatus $123,000
14. 1997-07-11
    listed $129,900

ⓘ 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: $6,770 · $564/mo
• Projected year-2 tax: $8,735 · $728/mo
• Expected delta: +$1,965/yr (+$164/mo · 29.0%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% 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: $51,855
• − Mortgage interest: −$28,008
• − Property taxes: −$6,770
• − Insurance: −$2,500
• − Repairs & maintenance: −$4,148
• − Management: −$4,148
• − Depreciation: −$14,545
• Taxable loss: −$8,265
• Est. tax savings @ 24.0%: +$1,984
• After-tax cash flow: $2,215/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 — Lordship

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Lordship, CT
• County: Fairfield County · 765,532 people
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 17,136
• Household income: $81,534
• Rent vs Own: 31.9% rent · 68.1% own
• Severe rent burden: 507.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 53% Hispanic / Latino 24% Black 18% Two or more races 6% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 13%
• Common ancestry: Romanian 5% Hispanic 3% Lithuanian 2%
• Foreign-born: 18% · Canada, South Korea, Jamaica
• Languages at home: 74% English-only · Spanish 17% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -359.68%
• Current HPI: 230.0031
• 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

+284.9% since first listed

4 events — show timeline

• 2026-05-20 Listed $500,000 Smart MLS
• 1997-11-17 Sold (Public Records) $127,000 Public Records
• 1997-11-11 Sold (MLS) $123,000 Smart MLS
• 1997-07-11 Listed $129,900 Smart MLS

Property tax history

+0.8%/yr

Latest (2023): $6,770 · +1.9% YoY. Source: county tax records.