1121 Success Ave · Bridgeport, CT 06614

$65,500

2 bd · 1.0 ba · 708 sqft · Condo · 145 Days on market

Built 1941 Fair condition $93/sqft · 42% below area Est $112k · 42% under $576/mo HOA · 33% of rent ↓ 18% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

" Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

Key facts

• New chimney
• Off street parking
• Great location

Tags

• OFF STREET PARKING
• NEW ROOF
• NEW CHIMNEY
• NEW WATER HEATER
• GREAT LOCATION

🏷️ Possibly a rental listed for sale. The $65,500 price doesn't fit this home's estimated sale value (~$111,980) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $66k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $66k).
• Recommended offer: $58k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% 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-.
• 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; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $453 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 145 days — a 12% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $14k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent; built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $57,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 2.64% ✓
• Cap rate: 12.47%
• Cash-on-cash: 22.08%
• DSCR: 1.98
• GRM: 3.2

CMA / ARV

• ARV (median comp): $111,980
• List price: $65,500
• Delta: -41.51%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 15.2%
• Equity multiple: 1.61×
• Total profit: $11,255
• Equity at exit: $9,766

10-year hold

• IRR: 24.2%
• Equity multiple: 3.13×
• Total profit: $39,014
• Equity at exit: $5,663

Cash invested: $18,340 (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: 3.2×

Monthly cashflow live

• Estimated rent: $1,729 high
• Mortgage (P&I): −$343
• Tax est. 1.5%: −$82 /mo · $982/yr
• Insurance: −$27
• HOA: −$576
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $337

Break-even live

Break-even rent $1,302

Max offer price $65,500

Occupancy floor 75%

Sensitivity live

Price	-10% $383	-5% $360	+0% $337	+5% $315	+10% $292
Rent	-10% $201	-5% $269	+0% $337	+5% $406	+10% $474
Rate	-1.0pp $370	-0.5pp $354	base $337	+0.5pp $320	+1.0pp $303

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: $16,375
• Closing costs: $1,965
• Reserves months: —
• Total cash needed: —

Rent comps 15 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	0.52mi
600 Bond St Unit 112 Bridgeport, CT	1.0	1.0	545	$2,250	$4.13	45d	1	0.75mi
250 N Bishop Ave #19 Bridgeport, CT	1.0	1.0	638	$1,650	$2.59	45d	1	0.82mi
250 N Bishop Ave #1 Bridgeport, CT	1.0	1.0	583	$1,650	$2.83	13d	1	0.82mi
250 N Bishop Ave Bridgeport, CT	1.0	1.0	611	$1,425	$2.33	25d	2	0.82mi
3699 Broadbridge Ave #101 Stratford, CT	1.0	1.0	680	$1,700	$2.50	25d	1	0.85mi
3699 Broadbridge Ave #101 Stratford, CT	1.0	1.0	680	$1,700	$2.50	45d	1	0.85mi
86 Birdsey St Unit 3R Bridgeport, CT	1.0	1.0	650	$1,350	$2.08	45d	1	0.98mi
186 Louisiana Ave Unit D Bridgeport, CT	1.0	1.0	650	$1,700	$2.62	22d	1	1.05mi
154 Virginia Ave Unit B Bridgeport, CT	1.0	1.0	650	$1,800	$2.77	45d	1	1.07mi
231 Goddard Ave Unit 3RD Bridgeport, CT	2.0	1.0	618	$1,700	$2.75	4d	1	1.25mi
192 Peace St Unit 1st floor Stratford, CT	2.0	1.0	712	$2,000	$2.81	45d	1	1.26mi
180 Blueberry Ln Stratford, CT	1.0	1.0	612	$1,800	$2.94	45d	1	1.30mi
1150 Ogden Street Ext Unit 102 Bridgeport, CT	1.0	1.0	700	$1,425	$2.04	15d	1	1.37mi
556 Hollister St Stratford, CT	1.0–2.0	1.0	725	$2,295	$3.17	13d	4	1.44mi

HOA detail condo

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

Listing history 19 events

1. 2026-06-13
   statusdays on market $65,500 Under Contract 145 DOM
2. 2026-06-13
   days on market $65,500 Under Contract - Continue to Show 144 DOM
3. 2026-06-10
   days on market $65,500 Under Contract - Continue to Show 142 DOM
4. 2026-06-09
   days on market $65,500 Under Contract - Continue to Show 141 DOM
5. 2026-06-08
   days on market $65,500 Under Contract - Continue to Show 140 DOM
6. 2026-06-07
   days on market $65,500 Under Contract - Continue to Show 139 DOM
7. 2026-06-03
   days on market $65,500 Under Contract - Continue to Show 135 DOM
8. 2026-06-03
   days on market $65,500 Under Contract - Continue to Show 134 DOM
9. 2026-06-01
   days on market $65,500 Under Contract - Continue to Show 133 DOM
10. 2026-05-31
    days on market $65,500 Under Contract - Continue to Show 132 DOM
11. 2026-05-11
    historical Under Contract - Continue to Show 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

12. 2026-05-04
    status Active 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

13. 2026-04-03
    historical Under Contract - Continue to Show 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

14. 2026-03-30
    status Active 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

15. 2026-03-30
    price $65,500 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

16. 2026-03-11
    historical 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

17. 2026-02-16
    price $61,900 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

18. 2026-01-27
    price $69,900 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

19. 2025-12-31
    listed $79,900 Active 489-char remark

    Show marketing remark (489 chars)

    " Back On Market". Two Bedroom Stonybrook Gardens with off street parking. Recent updates include new roof, chimney and water heater. Finishing the floors, painting and installing appliances will make this home shine and bring the true value at this great location. HOA includes taxes, sewer, water, property management and more. Buyers should show at least $3,500 monthly income, credit score of at least 650 and a debt-to-income ratio of 36 with a $100 application. Sold As Is.

ⓘ 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: $20,750
• − Mortgage interest: −$3,669
• − Property taxes: −$982
• − Insurance: −$328
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − HOA: −$6,912
• − Depreciation: −$1,905
• Taxable income: $3,634
• Est. tax owed @ 24.0%: −$872
• After-tax cash flow: $3,177/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This property requires moderate renovations to improve its condition and increase its value. Repairs to the exterior, roof, and bathrooms are necessary to bring it up to a fair condition.

Repairs flagged

• Major siding — Severe weathering and damage
• Major paint — Peeling and uneven
• Major roof — Visible damage and potential leaks
• Minor flooring — Worn but not damaged
• Major bathroom walls — Exposed drywall and uneven surfaces

Value-add opportunities

• Both painting and updating exterior — Enhances curb appeal and value
• Both roof repair — Fixes potential leaks and improves value
• Both bathroom renovation — Completes the renovation and improves functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Severe weathering and damage	Major	$15,000–50,000
paint · Peeling and uneven	Major	$15,000–50,000
roof · Visible damage and potential leaks	Major	$15,000–50,000
flooring · Worn but not damaged	Minor	$500–3,000
bathroom walls · Exposed drywall and uneven surfaces	Major	$15,000–50,000
Total estimated repair cost · 5 items		$60,500–203,000

Value-add ROI direction

• Both painting and updating exterior — Enhances curb appeal and value ↑
• Both roof repair — Fixes potential leaks and improves value ↑
• Both bathroom renovation — Completes the renovation and improves functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-18.0% since first listed

9 events — show timeline

• 2026-05-11 Contingent — Smart MLS
• 2026-05-04 Relisted — Smart MLS
• 2026-04-03 Contingent — Smart MLS
• 2026-03-30 Price Changed $65,500 Smart MLS
• 2026-03-30 Relisted — Smart MLS
• 2026-03-11 Listing Removed — Smart MLS
• 2026-02-16 Price Changed $61,900 Smart MLS
• 2026-01-27 Price Changed $69,900 Smart MLS
• 2025-12-31 Listed $79,900 Smart MLS