217 Hillcrest Rd · Bridgeport, CT 06606

$355,000

3 bd · 1.0 ba · 1,596 sqft · SingleFamily · 49 Days on market

Built 1930 Good condition 4,791 sqft lot Est $420k · 15% 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 +14.8/30.0
• ARV discount +14.4/15.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +3.3/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained 3 bedrooms, 2 full bathroom ranch located in the north end of Bridgeport. There is a tenant in place. the lease expires 04/30/2026.This house has a finished basement with extra rooms and a full bathroom downstairs. Nice level lot yard. Lot next door does not belong to property. This property is located close to shopping, park, public transportation, parks. A must see!

Key facts

• 4,791 sq ft lot
• Parking
• Built 1930

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $355k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $96 ($1k/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 $323k (9.1% below list).
• Recommended offer: $323k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $3,228/mo this rent would consume 53% 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 $11k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($344k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 30y 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 $285k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 44% 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 $322,755 (9.1% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.91% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.16%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $419,748
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 Dayton Rd	0.03mi	3/2.0	1,555 (-3%)	7mo	$393,000	$253	84
16 Oakdale St	0.08mi	3/2.0	1,440 (-10%)	6mo	$526,000	$365	72
36 Platt St	0.49mi	3/2.0	1,586 (-1%)	6mo	$445,000	$281	67
209 Old Town Rd	0.26mi	2/1.5 (-1)	1,720 (+8%)	8mo	$346,700	$202	61
56 Woodlawn Ave	0.50mi	3/2.0	1,544 (-3%)	7mo	$445,000	$288	61
165 Nutmeg Rd	0.67mi	3/2.0	1,595 (-0%)	6mo	$460,000	$288	59
35 Nelson Ter	0.73mi	2/2.0 (-1)	1,588 (-0%)	0mo	$415,000	$261	56
38 Pershing Ave	0.41mi	3/3.0	1,712 (+7%)	7mo	$445,000	$260	55
206 Huntington Tpke	0.49mi	3/1.5	1,416 (-11%)	4mo	$499,990	$353	53
46 Oakleaf St	0.62mi	3/1.0	1,795 (+12%)	2mo	$440,000	$245	49
2080 Noble Ave	0.53mi	3/1.5	1,409 (-12%)	8mo	$365,000	$259	48
374 Mapledale Pl	0.69mi	4/2.5 (+1)	1,804 (+13%)	6mo	$475,000	$263	30

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-50,944
• Equity at exit: $52,932

10-year hold

• IRR: -5.3%
• Equity multiple: 0.65×
• Total profit: $-34,649
• Equity at exit: $30,694

Cash invested: $99,400 (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: 9.2×

Monthly cashflow live

• Estimated rent: $3,228 high
• Mortgage (P&I): −$1,862
• Tax est. 1.5%: −$444 /mo · $5,325/yr
• Insurance: −$148
• HOA: −$0
• Vacancy / Maint / Mgmt: −$678
• Net cashflow: $96

Break-even live

Break-even rent $3,105

Max offer price $355,000

Occupancy floor 92%

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: $88,750
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Hillcrest Rd Bridgeport, CT	3.0	2.0	1264	$3,600	$2.85	10d	1	0.03mi
96 Balsam Ave Unit 2 Bridgeport, CT	3.0	1.0	1792	$2,400	$1.34	44d	1	0.12mi
305 Sylvan St Bridgeport, CT	4.0	3.5	1776	$4,250	$2.39	2d	1	0.19mi
50 Trumbull Ave Bridgeport, CT	2.0	1.0	1200	$2,400	$2.00	23d	1	0.34mi
560 Old Town Rd Trumbull, CT	3.0	2.0	1896	$3,800	$2.00	2d	1	0.40mi
5 Cloverhill Ave Bridgeport, CT	4.0	2.0	1344	$4,000	$2.98	2d	1	0.46mi
125 Louisiana Ave #125 Bridgeport, CT	2.0	1.0	1448	$1,750	$1.21	44d	1	0.63mi
70 Pitt St Bridgeport, CT	4.0	1.0	1208	$3,200	$2.65	21d	1	0.63mi
183 Livingston Pl #1 Bridgeport, CT	2.0	1.5	1175	$1,950	$1.66	44d	1	0.67mi
93-95 Alpine St Bridgeport, CT	2.0	1.0	1720	$1,900	$1.10	44d	1	0.73mi
100 Avalon Gates Trumbull, CT	1.0–3.0	1.0–2.0	1082	$3,390	$3.13	2d	28	0.81mi
51 Indian Ave Unit 1546115P Bridgeport, CT	3.0	1.0	1388	$3,871	$2.79	12d	1	0.99mi
14 Infield St Bridgeport, CT	3.0	2.5	1344	$3,200	$2.38	44d	1	0.99mi
131 Infield St Bridgeport, CT	3.0	1.5	1199	$3,450	$2.88	44d	1	1.01mi
2048 E Main St Bridgeport, CT	4.0	2.0	2000	$3,000	$1.50	44d	1	1.02mi
20 Oakridge Rd Trumbull, CT	4.0	3.0	1658	$5,000	$3.02	23d	1	1.06mi
95-97 Locust St Bridgeport, CT	2.0	1.0	2048	$1,800	$0.88	44d	1	1.07mi
39 Asia Cir Bridgeport, CT	4.0	2.5	1411	$3,650	$2.59	23d	1	1.07mi
845 Hart St Unit 2 Bridgeport, CT	3.0	1.0	1200	$2,500	$2.08	44d	1	1.12mi
100 Woodside Ct Trumbull, CT	1.0–2.0	1.0–2.5	1117	$3,786	$3.39	2d	10	1.18mi
74 Village Ln Bridgeport, CT	3.0	2.0	1428	$3,500	$2.45	2d	1	1.18mi
123 Harmony St Bridgeport, CT	3.0	1.0	2000	$2,500	$1.25	44d	1	1.21mi
318 Valley Ave Bridgeport, CT	4.0	2.0	1718	$3,250	$1.89	23d	1	1.21mi
180 Pleasantview Ave Bridgeport, CT	3.0	2.0	1373	$3,700	$2.69	44d	1	1.22mi
28 Higgins Ave Bridgeport, CT	2.0	1.0	1828	$2,200	$1.20	3d	1	1.27mi
15 Overland Ave Bridgeport, CT	3.0	2.5	1713	$4,700	$2.74	44d	1	1.27mi
524 Beechmont Ave Bridgeport, CT	3.0	1.0	1104	$3,500	$3.17	23d	1	1.32mi
457 Summit St Bridgeport, CT	3.0	1.5	1511	$4,000	$2.65	44d	1	1.33mi
340 Pleasantview Ave Unit 2nd/3rd floors Bridgeport, CT	4.0	2.0	1728	$3,000	$1.74	44d	1	1.36mi
208 Fairview Ave Bridgeport, CT	3.0	1.0	1200	$2,300	$1.92	23d	1	1.39mi
36 Carver St Unit 1 Bridgeport, CT	2.0	1.0	1094	$2,200	$2.01	23d	1	1.40mi
22-26 Carver St Bridgeport, CT	2.0	1.0	1094	$2,200	$2.01	12d	1	1.41mi
52-54 Ives Ct Bridgeport, CT	4.0	1.0	2092	$2,750	$1.31	44d	1	1.46mi
68-70 Westfield Ave Bridgeport, CT	4.0	2.0	1470	$3,200	$2.18	14d	1	1.47mi
192 Frenchtown Rd Bridgeport, CT	3.0	3.5	1744	$4,200	$2.41	44d	1	1.47mi
100 Oakview Dr Trumbull, CT	1.0–2.0	1.0–2.0	1028	$3,390	$3.30	2d	1	1.47mi
110 Grenelle St Bridgeport, CT	3.0	1.0	1351	$4,000	$2.96	3d	1	1.48mi
164 French St Unit 3 Bridgeport, CT	2.0	1.0	1068	$1,750	$1.64	44d	1	1.49mi

Listing history 20 events

1. 2026-04-21
   historical Under Contract - Continue to Show 386-char remark

   Show marketing remark (386 chars)

   Well maintained 3 bedrooms, 2 full bathroom ranch located in the north end of Bridgeport. There is a tenant in place. the lease expires 04/30/2026.This house has a finished basement with extra rooms and a full bathroom downstairs. Nice level lot yard. Lot next door does not belong to property. This property is located close to shopping, park, public transportation, parks. A must see!

2. 2026-04-10
   listed $355,000 Active 386-char remark

   Show marketing remark (386 chars)

   Well maintained 3 bedrooms, 2 full bathroom ranch located in the north end of Bridgeport. There is a tenant in place. the lease expires 04/30/2026.This house has a finished basement with extra rooms and a full bathroom downstairs. Nice level lot yard. Lot next door does not belong to property. This property is located close to shopping, park, public transportation, parks. A must see!

3. 2026-02-06
   historical
4. 2025-04-21
   historical $3,200
5. 2025-04-14
   price $340,000
6. 2025-04-03
   listed $3,200
7. 2025-03-05
   status Active
8. 2025-03-01
   status Under Contract
9. 2025-02-05
   listed $350,000 Active
10. 2024-12-30
    soldstatus $285,000 Closed
11. 2024-10-03
    status Under Contract
12. 2024-09-25
    listed $270,000 Active
13. 2024-08-18
    historical
14. 2024-05-01
    listed $325,000 Active
15. 2024-05-01
    historical
16. 2023-10-12
    listed $340,000 Active
17. 2006-05-03
    soldstatus $225,000
18. 2005-09-10
    listed $239,900
19. 1997-06-30
    historical
20. 1996-06-09
    listed $89,900

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

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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 44% 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: $38,731
• − Mortgage interest: −$19,886
• − Property taxes: −$5,325
• − Insurance: −$1,775
• − Repairs & maintenance: −$3,098
• − Management: −$3,098
• − Depreciation: −$10,327
• Taxable loss: −$4,779
• Est. tax savings @ 24.0%: +$1,147
• After-tax cash flow: $2,304/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

Good 75/100 Cosmetic rehab

This well-maintained single-family home in Bridgeport, CT, is in good condition with a good exterior and interior. It has a finished basement and is located close to amenities. A must-see for investors looking for a move-in-ready property.

Value-add opportunities

• Both Paint exterior trim — Enhances curb appeal and value
• Both Clean gutters — Improves drainage and property value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior trim — Enhances curb appeal and value ↑
• Both Clean gutters — Improves drainage and property value ↑

ⓘ 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
• 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

+294.9% since first listed

20 events — show timeline

• 2026-04-21 Contingent — Smart MLS
• 2026-04-10 Listed $355,000 Smart MLS
• 2026-02-06 Listing Removed — Smart MLS
• 2025-04-21 Rental Removed $3,200 SMARTMLS
• 2025-04-14 Price Changed $340,000 Smart MLS
• 2025-04-03 Listed for Rent $3,200 SMARTMLS
• 2025-03-05 Relisted — Smart MLS
• 2025-03-01 Pending — Smart MLS
• 2025-02-05 Listed $350,000 Smart MLS
• 2024-12-30 Sold (MLS) $285,000 Smart MLS
• 2024-10-03 Pending — Smart MLS
• 2024-09-25 Listed $270,000 Smart MLS
• 2024-08-18 Listing Removed — Smart MLS
• 2024-05-01 Listed $325,000 Smart MLS
• 2024-05-01 Listing Removed — Smart MLS
• 2023-10-12 Listed $340,000 Smart MLS
• 2006-05-03 Sold (MLS) $225,000 Smart MLS
• 2005-09-10 Listed $239,900 Smart MLS
• 1997-06-30 Listing Removed — Smart MLS
• 1996-06-09 Listed $89,900 Smart MLS