1440 Stratford Ave · Bridgeport, CT 06607

$229,900

3 bd · 2.0 ba · 1,723 sqft · SingleFamily public records · 7 Days on market

Built 1897 2,178 sqft lot Est $355k · 35% 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 +17.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +5.6/10.0
• 1% rule +4.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks

Corner lot 3 bedroom, 2 bath Colonial with great potential. Property being sold as-is.

Key facts

• 2,178 sq ft lot
• Built 1897
• Listed 7 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $188 ($2k/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 $227k (1.1% below list).
• Recommended offer: $227k (1.1% below list) — sets the bar for 1% rule.
• Cap rate 7.3% 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: 33 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); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).
• At $2,275/mo this rent would consume 55% of the median local household income ($50k/yr) (locally 534% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

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

Risks & watch-outs

• Watch-outs: built in 1897 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,451 (1.1% below list)

Questions for the listing agent

1. Built in 1897 — 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: 0.99% ✗
• Cap rate: 7.27%
• Cash-on-cash: 3.50%
• DSCR: 1.16
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $354,938
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
80 Clifford St	0.37mi	3/2.0	1,688 (-2%)	20mo	$235,000	$139	63
221 Wilmot Ave	0.16mi	3/2.0	1,554 (-10%)	20mo	$320,000	$206	60
55 Ridgefield Ave	0.58mi	4/1.5 (+1)	1,770 (+3%)	8mo	$370,000	$209	55
62 Pixlee Pl	0.71mi	3/1.5	1,712 (-1%)	13mo	$300,000	$175	53
882 Central Ave	0.17mi	4/2.0 (+1)	1,498 (-13%)	19mo	$269,900	$180	50
35 Judson Pl	0.69mi	3/2.0	1,585 (-8%)	16mo	$378,000	$238	42
296 Newfield Ave	0.55mi	3/2.0	1,528 (-11%)	20mo	$370,000	$242	39
55 Deforest Ave	0.70mi	3/1.5	1,964 (+14%)	6mo	$345,000	$176	37

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.8%
• Equity multiple: 3.13×
• Total profit: $137,201
• Equity at exit: $207,112

10-year hold

• IRR: 23.5%
• Equity multiple: 7.13×
• Total profit: $394,734
• Equity at exit: $446,645

Cash invested: $64,372 (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 06607

• Home prices YoY: 4.7%
• Active inventory: 33
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,275 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$308 /mo · $3,695/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $188

Break-even live

Break-even rent $2,037

Max offer price $229,900

Occupancy floor 87%

Sensitivity live

Price	-10% $318	-5% $253	+0% $188	+5% $122	+10% $57
Rent	-10% $8	-5% $98	+0% $188	+5% $277	+10% $367
Rate	-1.0pp $303	-0.5pp $246	base $188	+0.5pp $128	+1.0pp $67

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1415 Stratford Ave Bridgeport, CT	2.0	1.0	1260	$2,300	$1.83	44d	1	0.06mi
415 Logan St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1500	$2,000	$1.33	44d	1	0.11mi
458 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1100	$1,899	$1.73	44d	1	0.13mi
481 Hollister Ave Unit 2nd Bridgeport, CT	3.0	1.0	1250	$2,000	$1.60	24d	1	0.15mi
153 Hollister Ave Bridgeport, CT	3.0	1.0	1350	$1,900	$1.41	4d	1	0.17mi
324 Union Ave Bridgeport, CT	3.0	1.0	1200	$2,000	$1.67	44d	1	0.19mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	24d	1	0.19mi
272 Davenport St Unit 2 Bridgeport, CT	4.0	1.0	1066	$2,200	$2.06	15d	1	0.19mi
125 Hollister Ave Bridgeport, CT	2.0	1.0	1153	$1,700	$1.47	24d	1	0.20mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,600	$2.17	15d	1	0.29mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,550	$2.12	22d	1	0.29mi
45-51 Cowles St Unit 45 Bridgeport, CT	3.0	1.0	1200	$2,400	$2.00	4d	1	0.29mi
166 6th St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	20d	1	0.31mi
62 Clifford St Bridgeport, CT	3.0	1.5	1134	$2,500	$2.20	24d	1	0.40mi
800 Seaview Ave #2 Bridgeport, CT	2.0	3.0	1800	$1,800	$1.00	24d	1	0.60mi
53 Pixlee Pl Unit 2nd Bridgeport, CT	3.0	1.0	1475	$2,195	$1.49	4d	1	0.71mi
152 DeKalb Ave Bridgeport, CT	3.0	1.0	1200	$3,200	$2.67	4d	1	0.73mi
75 Judson Pl Bridgeport, CT	3.0	1.5	1384	$2,850	$2.06	15d	1	0.74mi
253 East Ave Unit 253 Bridgeport, CT	2.0	1.0	1267	$1,750	$1.38	24d	1	0.74mi
1804 Barnum Ave Unit 10 Bridgeport, CT	2.0	1.0	1100	$2,000	$1.82	44d	1	0.75mi
136 Sherman St Unit 142 Bridgeport, CT	4.0	1.5	2116	$2,800	$1.32	4d	1	0.77mi
110-112 Pixlee Pl Unit 2 Bridgeport, CT	2.0	1.0	1151	$1,800	$1.56	22d	1	0.77mi
292 Ridgefield Ave Unit 3 Bridgeport, CT	3.0	1.0	1792	$2,450	$1.37	44d	1	0.82mi
292 Ridgefield Ave Unit 2 Bridgeport, CT	4.0	1.0	1792	$2,650	$1.48	44d	1	0.82mi
333 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	4d	1	0.86mi
335 Ridgefield Ave Bridgeport, CT	3.0	1.0	1400	$2,250	$1.61	4d	1	0.87mi
2336 Barnum Ave Stratford, CT	2.0	1.0	1272	$1,950	$1.53	4d	1	0.92mi
2310 Barnum Ave Unit 1 Stratford, CT	2.0	1.5	1614	$1,975	$1.22	15d	1	0.95mi
2310 Barnum Ave Unit 1 Stratford, CT	2.0	1.5	1614	$2,380	$1.47	45d	1	0.95mi
704 Maple St #704 Bridgeport, CT	3.0	1.5	1948	$2,700	$1.39	24d	1	0.96mi
982 Pembroke St Unit 2L Bridgeport, CT	4.0	1.0	2043	$2,475	$1.21	4d	1	1.01mi
588 E Main St Unit C Bridgeport, CT	3.0	1.0	1400	$2,475	$1.77	15d	1	1.02mi
507 E Main St Bridgeport, CT	3.0	1.0	1120	$2,198	$1.96	44d	1	1.02mi
505 E Main St Bridgeport, CT	3.0	1.0	1120	$2,199	$1.96	44d	1	1.02mi
511 E Main St Bridgeport, CT	3.0	1.0	1100	$2,300	$2.09	44d	1	1.02mi
55 E Main St Bridgeport, CT	3.0	1.0–3.0	1115	$9,085	$8.14	4d	189	1.05mi
530 Jane St Unit 2B Bridgeport, CT	3.0	2.0	2217	$3,400	$1.53	44d	1	1.05mi
47 Clover St Stratford, CT	2.0	1.0	1280	$1,950	$1.52	15d	1	1.11mi
144 Palisade Ave Bridgeport, CT	3.0	1.0	1096	$2,600	$2.37	44d	1	1.15mi
1325 Pembroke St Unit 2nd Floor Bridgeport, CT	3.0	1.0	1600	$3,500	$2.19	44d	1	1.21mi

Listing history 2 events

1. 2025-08-01
   status Under Contract
2. 2025-07-25
   listed $229,900 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: $3,695 · $308/mo
• Projected year-2 tax: $4,307 · $359/mo
• Expected delta: +$612/yr (+$51/mo · 16.6%)

ⓘ 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 · 16 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: $27,294
• − Mortgage interest: −$12,878
• − Property taxes: −$3,695
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,184
• − Management: −$2,184
• − Depreciation: −$6,688
• Taxable loss: −$1,483
• Est. tax savings @ 24.0%: +$356
• After-tax cash flow: $2,606/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): 7,979
• Household income: $50,000
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 534.0

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 57% Black 31% Two or more races 19% Asian 6% White 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 32% Cuban 4% Dominican 4%
• Common ancestry: Estonian 1% Russian 1%
• Foreign-born: 25% · Canada, Vietnam, Jamaica
• Languages at home: 52% English-only · Spanish 42% Other Asian/Pacific 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: ▲ 26.05%
• Current HPI: 584.8108
• 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

2 events — show timeline

• 2025-08-01 Pending — Smart MLS
• 2025-07-25 Listed $229,900 Smart MLS

Property tax history

-1.3%/yr

Latest (2023): $3,695 · +0.0% YoY. Source: county tax records.