580 Wilmot Ave · Bridgeport, CT 0660

$99,900

2 bd · 1.0 ba · 660 sqft · Condo · 16 Days on market

Built 1908 Good condition $617/mo HOA · 35% of rent

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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 +16.9/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.3/10.0
• Appreciation +5.0/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Schools +1.2/10.0

Listing remarks

This 2 bedroom condominium style apartment is conveniently located on the first level. It has been fully renovated and painted inside and out, hardwood floors, ceiling fans throughout. Ample storage in enclosed patio and secure storage in the heated basement. Ready to move in. Heating, hot water, trash pick up, grounds maintenance, snow removal & taxes are all included in the HOA. Parking spot can be rented for $25 per month or there is street parking.

Key facts

• Fully renovated
• Heated basement
• Hardwood floors

Tags

• FULLY RENOVATED
• HARDWOOD FLOORS
• AMPLE STORAGE
• ENCLOSED PATIO
• SECURE STORAGE
• HEATED BASEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $100k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $66 ($792/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.1% 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+.
• 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.
• Zoned schools: Black Rock School (445 students, 70% FRL); Bassick High School (math 2% / reading 8%, grade F, #192 of 194 statewide, top 100%, 1,009 students, 87% FRL) — zoned schools average 78% FRL vs 97% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 29 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 852 units permitted in Greater Bridgeport Planning Region in 2024 (698 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($691 loan paydown + $3k appreciation (3.0% local appreciation)).
• At projected returns (3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent; built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,401 (1.5% below list)

Questions for the listing agent

1. Built in 1908 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.74% ✓
• Cap rate: 7.09%
• Cash-on-cash: 2.83%
• DSCR: 1.13
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 10.4%
• Equity multiple: 1.59×
• Total profit: $16,643
• Equity at exit: $44,919

10-year hold

• IRR: 12.9%
• Equity multiple: 2.93×
• Total profit: $53,930
• Equity at exit: $69,226

Cash invested: $27,972 (down + closing). Projections, not guarantees.

Monthly cashflow live

• Estimated rent: $1,738 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$617
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $66

Break-even live

Break-even rent $1,655

Max offer price $99,900

Occupancy floor 91%

Sensitivity live

Price	-10% $135	-5% $101	+0% $66	+5% $31	+10% $-3
Rent	-10% $-71	-5% $-3	+0% $66	+5% $135	+10% $203
Rate	-1.0pp $116	-0.5pp $91	base $66	+0.5pp $40	+1.0pp $14

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
647 Union Ave Unit 2 Bridgeport, CT	2.0	1.0	750	$1,675	$2.23	4d	1	0.14mi
145 Cowles St Unit B7 Bridgeport, CT	1.0	1.0	600	$1,325	$2.21	4d	1	0.31mi
1525 Central Ave Bridgeport, CT	1.0	1.0	625	$1,550	$2.48	44d	3	0.48mi
222 Beardsley St Unit 3rd floor Bridgeport, CT	2.0	1.0	732	$2,000	$2.73	44d	1	0.49mi
1150 Ogden Street Ext Unit 102 Bridgeport, CT	1.0	1.0	700	$1,425	$2.04	15d	1	0.67mi
556 Hollister St Stratford, CT	1.0–2.0	1.0	725	$2,295	$3.17	12d	4	0.69mi
192 Peace St Unit 1st floor Stratford, CT	2.0	1.0	712	$2,000	$2.81	44d	1	0.82mi
588-612 E Main St Unit 598 Bridgeport, CT	2.0	1.0	750	$1,975	$2.63	11d	1	0.92mi
588-612 E Main St Unit D Bridgeport, CT	2.0	1.0	750	$2,125	$2.83	44d	1	0.92mi
86 Birdsey St Unit 3R Bridgeport, CT	1.0	1.0	650	$1,350	$2.08	44d	1	0.95mi
1254 Pembroke St Unit 1st Floor Bridgeport, CT	2.0	1.0	738	$1,850	$2.51	15d	1	0.97mi
855 Main St Bridgeport, CT	1.0	1.0	490	$2,380	$4.86	4d	10	0.99mi
855 Main St Bridgeport, CT	1.0	1.0	490	$2,380	$4.86	20d	10	0.99mi
250 N Bishop Ave Bridgeport, CT	1.0	1.0	611	$1,425	$2.33	24d	2	1.04mi
250 N Bishop Ave #19 Bridgeport, CT	1.0	1.0	638	$1,650	$2.59	44d	1	1.04mi
250 N Bishop Ave #1 Bridgeport, CT	1.0	1.0	583	$1,650	$2.83	12d	1	1.04mi
55 E Main St Bridgeport, CT	3.0	1.0–3.0	1115	$6,712	$6.02	4d	189	1.06mi
1333 E Main St Apt 1 Bridgeport, CT	2.0	1.0	700	$1,700	$2.43	4d	1	1.19mi
1333 E Main St #5 Bridgeport, CT	2.0	1.0	700	$1,650	$2.36	4d	1	1.19mi
105 William St Unit A Bridgeport, CT	1.0	1.0	582	$1,350	$2.32	44d	1	1.27mi
116 Knowlton St Unit 2C Bridgeport, CT	3.0	1.0	750	$1,200	$1.60	20d	1	1.28mi
235 Henry Ave Unit 12E Stratford, CT	1.0	1.0	692	$1,695	$2.45	11d	1	1.38mi
116 Ogden St Unit 120 Bridgeport, CT	2.0	1.0	688	$2,375	$3.45	4d	1	1.41mi
144 Golden Hill St Bridgeport, CT	1.0	1.0	592	$1,675	$2.83	15d	1	1.42mi
600 Bond St Unit 112 Bridgeport, CT	1.0	1.0	545	$2,250	$4.13	44d	1	1.45mi
231 Goddard Ave Unit 3RD Bridgeport, CT	2.0	1.0	618	$1,700	$2.75	4d	1	1.46mi
432 Main St Unit 438 Bridgeport, CT	3.0	1.0	565	$1,950	$3.45	44d	1	1.47mi
213 Golden Hill St Unit 4D Bridgeport, CT	2.0	1.0	750	$1,800	$2.40	44d	1	1.49mi
225 Golden Hill St Apt 4D Bridgeport, CT	2.0	1.0	750	$1,800	$2.40	44d	1	1.49mi

HOA detail condo

• Monthly dues: $617 · $7,404/yr
• Likely covers: watertrashlandscapingsnow removal
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 14 events

1. 2026-06-18
   days on market $99,900 Active 16 DOM
2. 2026-06-17
   price $99,900 Active 15 DOM
3. 2026-06-17
   days on market $104,900 Active 15 DOM
4. 2026-06-16
   days on market $104,900 Active 14 DOM
5. 2026-06-15
   days on market $104,900 Active 13 DOM
6. 2026-06-13
   days on market $104,900 Active 11 DOM
7. 2026-06-13
   days on market $104,900 Active 10 DOM
8. 2026-06-10
   days on market $104,900 Active 8 DOM
9. 2026-06-09
   days on market $104,900 Active 7 DOM
10. 2026-06-08
    days on market $104,900 Active 6 DOM
11. 2026-06-07
    days on market $104,900 Active 5 DOM
12. 2026-06-05
    days on market $104,900 Active 2 DOM
13. 2026-06-03
    remarks 458-char remark
14. 2026-06-03
    listed $104,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,862
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,669
• − Management: −$1,669
• − HOA: −$7,404
• − Depreciation: −$2,906
• Taxable loss: −$380
• Est. tax savings @ 24.0%: +$91
• After-tax cash flow: $883/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 · 9 photos

Good 75/100 Cosmetic rehab

This fully renovated 2-bedroom condo is move-in ready with modern amenities and a good condition score. It offers a great balance of curb appeal and interior updates, making it an attractive option for both buyers and renters.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Updating flooring in bathrooms and kitchen — Modern flooring improves aesthetics and functionality.
• Both Upgrading kitchen appliances — Modern appliances increase appeal and functionality for both buyers and renters.
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value.
• Both Adding smart home features — Smart home features can increase property value and attract tech-savvy buyers and renters.
• Both Upgrading lighting fixtures — Modern lighting enhances aesthetics and functionality, improving property value.
• Both Adding smart thermostat — Smart thermostat can improve energy efficiency and attract tech-savvy buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Updating flooring in bathrooms and kitchen — Modern flooring improves aesthetics and functionality. ↑
• Both Upgrading kitchen appliances — Modern appliances increase appeal and functionality for both buyers and renters. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
• Both Adding smart home features — Smart home features can increase property value and attract tech-savvy buyers and renters. ↑
• Both Upgrading lighting fixtures — Modern lighting enhances aesthetics and functionality, improving property value. ↑
• Both Adding smart thermostat — Smart thermostat can improve energy efficiency and attract tech-savvy buyers and renters. ↑

ⓘ 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: 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
• City population: 149,153
• Population (ZIP): 15,439

Population outlook (Greater Bridgeport County) Hauer SSP2

• By 2040: 365,581

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (98%)
• Race & ethnicity: Hispanic / Latino 98% Two or more races 7%
• Hispanic origin (detail): Puerto Rican 96% Dominican 2%
• Languages at home: 5% English-only · Spanish 95%

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: —
• Current HPI: —
• 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

1 event — show timeline

• 2026-06-02 Listed $104,900 Smart MLS