410 Platt St · Bridgeport, CT 06606

$359,000

4 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 62 Days on market

Built 1975 5,227 sqft lot $312/sqft · at area comps Est $371k · 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 +15.1/30.0
• ARV discount +9.0/15.0
• DSCR +4.6/10.0
• 1% rule +4.4/10.0
• Livability +4.0/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 4-bedroom Cape that blends classic charm with modern updates. Step inside to find beautiful hardwood floors flowing throughout the home, creating a warm and inviting atmosphere. The updated kitchen features sleek granite countertops and stainless steel appliances, making it both stylish and functional for everyday living and entertaining. With four generously sized bedrooms, there's plenty of space for family, guests, or a home office setup. The full bathroom is clean and well-kept, offering comfort and convenience. The basement offers a versatile flex space, perfect for an additional room, play area, home gym, or office-tailored to fit your needs. Recent improvements include a new furnace, a brand-new roof, new gutters, chimney and flashings providing peace of mind for years to come. This home has been thoughtfully cared for and is ready for its next owner to move right in and enjoy.

Key facts

• 5,227 sq ft lot
• Built 1975
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $359k.

Deal economics

• At list price, monthly cash flow is $118 ($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 $337k (6.2% below list).
• Recommended offer: $337k (6.2% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $3,369/mo this rent would consume 55% 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 62 days — a 6% lower offer ($337k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $40k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 41% 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 $336,881 (6.2% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
7. 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.
8. 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.
9. 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: 0.94% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.41%
• DSCR: 1.06
• GRM: 8.9

CMA / ARV

• ARV (median comp): $370,955
• List price: $359,000
• Delta: -3.22%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
500 Woodlawn Ave Ext	0.13mi	4/1.0	1,152 (0%)	1mo	$280,000	$243	93
675 Platt St	0.21mi	3/1.0 (-1)	1,152 (0%)	2mo	$310,000	$269	83
85 Platt St	0.31mi	4/2.0	1,152 (0%)	3mo	$459,900	$399	79
33 Victory Ave	0.51mi	3/1.0 (-1)	1,152 (0%)	0mo	$344,000	$299	71
150 Trumbull Ave	0.62mi	4/1.0	1,152 (0%)	0mo	$370,000	$321	71
75 Brookside Ave	0.65mi	4/1.0	1,152 (0%)	0mo	$308,000	$267	69
235 Douglas St	0.21mi	3/1.0 (-1)	1,056 (-8%)	3mo	$350,000	$331	69
81 Dodd Ave	0.57mi	3/1.0 (-1)	1,076 (-7%)	0mo	$440,000	$409	57
385 Chamberlain Ave	0.50mi	3/2.0 (-1)	1,055 (-8%)	4mo	$345,000	$327	50
105 Pond St	0.72mi	3/1.5 (-1)	1,224 (+6%)	1mo	$315,000	$257	48
209 Trumbull Ave	0.56mi	3/1.0 (-1)	995 (-14%)	1mo	$350,000	$352	45
153 Marigold Ave	0.53mi	3/2.0 (-1)	994 (-14%)	1mo	$360,000	$362	43

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: -13.9%
• Equity multiple: 0.50×
• Total profit: $-50,168
• Equity at exit: $53,528

10-year hold

• IRR: -4.8%
• Equity multiple: 0.68×
• Total profit: $-31,980
• Equity at exit: $31,040

Cash invested: $100,520 (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: 8.9×

Monthly cashflow live

• Estimated rent: $3,369 high
• Mortgage (P&I): −$1,883
• Tax from tax record: −$511 /mo · $6,135/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$707
• Net cashflow: $118

Break-even live

Break-even rent $3,220

Max offer price $359,000

Occupancy floor 92%

Sensitivity live

Price	-10% $321	-5% $220	+0% $118	+5% $16	+10% $-85
Rent	-10% $-148	-5% $-15	+0% $118	+5% $251	+10% $384
Rate	-1.0pp $299	-0.5pp $209	base $118	+0.5pp $25	+1.0pp $-70

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: $89,750
• Closing costs: $10,770
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
70 Pitt St Bridgeport, CT	4.0	1.0	1208	$3,200	$2.65	23d	1	0.23mi
180 Pleasantview Ave Bridgeport, CT	3.0	2.0	1373	$3,700	$2.69	45d	1	0.39mi
845 Hart St Unit 2 Bridgeport, CT	3.0	1.0	1200	$2,500	$2.08	45d	1	0.46mi
524 Beechmont Ave Bridgeport, CT	3.0	1.0	1104	$3,500	$3.17	25d	1	0.52mi
131 Infield St Bridgeport, CT	3.0	1.5	1199	$3,450	$2.88	45d	1	0.59mi
14 Infield St Bridgeport, CT	3.0	2.5	1344	$3,200	$2.38	45d	1	0.61mi
110 Grenelle St Bridgeport, CT	3.0	1.0	1351	$4,000	$2.96	5d	1	0.66mi
5 Cloverhill Ave Bridgeport, CT	4.0	2.0	1344	$4,000	$2.98	4d	1	0.68mi
74 Village Ln Bridgeport, CT	3.0	2.0	1428	$3,500	$2.45	4d	1	0.72mi
95 Marcel St Bridgeport, CT	5.0	2.0	1404	$4,000	$2.85	45d	1	0.80mi
207 Hillcrest Rd Bridgeport, CT	3.0	2.0	1264	$3,600	$2.85	12d	1	0.84mi
51 Indian Ave Unit 1546115P Bridgeport, CT	3.0	1.0	1388	$3,871	$2.79	13d	1	0.86mi
275 Burnsford Ave Bridgeport, CT	3.0	1.0	1116	$3,200	$2.87	25d	1	0.88mi
173 Fairview Ave Unit 3 Bridgeport, CT	3.0	1.0	1000	$2,300	$2.30	45d	1	0.89mi
208 Fairview Ave Bridgeport, CT	3.0	1.0	1200	$2,300	$1.92	25d	1	0.89mi
68-70 Westfield Ave Bridgeport, CT	4.0	2.0	1470	$3,200	$2.18	16d	1	0.89mi
100 Avalon Gates Trumbull, CT	1.0–3.0	1.0–2.0	1082	$3,390	$3.13	4d	28	0.93mi
139 Little Deer Rd Bridgeport, CT	4.0	2.0	1420	$3,600	$2.54	45d	1	1.19mi
23 Ochsner Pl Unit 1 Bridgeport, CT	3.0	1.0	1250	$3,800	$3.04	45d	1	1.24mi
765 Birmingham St Bridgeport, CT	3.0	1.0	1094	$3,600	$3.29	4d	1	1.26mi
145 Rooster River Blvd Bridgeport, CT	5.0	2.0	1452	$3,800	$2.62	4d	1	1.38mi
151-153 Alexander Ave Unit 1 Bridgeport, CT	3.0	1.0	1100	$2,400	$2.18	13d	1	1.39mi
927 Birmingham St Bridgeport, CT	4.0	2.0	1362	$3,800	$2.79	4d	1	1.41mi
666 Capitol Ave Unit 2 Bridgeport, CT	3.0	1.0	1247	$2,400	$1.92	45d	1	1.41mi
2395 Main St Unit Second Floor Bridgeport, CT	3.0	1.0	1262	$2,400	$1.90	45d	1	1.42mi
2395 Main St Unit First Floor Bridgeport, CT	3.0	1.0	1262	$2,300	$1.82	13d	1	1.42mi
130 Deramo Pl Bridgeport, CT	3.0	1.5	1252	$3,700	$2.96	4d	1	1.45mi
200 Robin St Unit 2 Bridgeport, CT	3.0	1.0	1152	$2,400	$2.08	23d	1	1.46mi

Listing history 9 events

1. 2026-04-03
   price $359,000 929-char remark

   Show marketing remark (929 chars)

   Welcome to this well-maintained 4-bedroom Cape that blends classic charm with modern updates. Step inside to find beautiful hardwood floors flowing throughout the home, creating a warm and inviting atmosphere. The updated kitchen features sleek granite countertops and stainless steel appliances, making it both stylish and functional for everyday living and entertaining. With four generously sized bedrooms, there's plenty of space for family, guests, or a home office setup. The full bathroom is clean and well-kept, offering comfort and convenience. The basement offers a versatile flex space, perfect for an additional room, play area, home gym, or office-tailored to fit your needs. Recent improvements include a new furnace, a brand-new roof, new gutters, chimney and flashings providing peace of mind for years to come. This home has been thoughtfully cared for and is ready for its next owner to move right in and enjoy.

2. 2026-03-28
   listed $399,000 Active 929-char remark

   Show marketing remark (929 chars)

   Welcome to this well-maintained 4-bedroom Cape that blends classic charm with modern updates. Step inside to find beautiful hardwood floors flowing throughout the home, creating a warm and inviting atmosphere. The updated kitchen features sleek granite countertops and stainless steel appliances, making it both stylish and functional for everyday living and entertaining. With four generously sized bedrooms, there's plenty of space for family, guests, or a home office setup. The full bathroom is clean and well-kept, offering comfort and convenience. The basement offers a versatile flex space, perfect for an additional room, play area, home gym, or office-tailored to fit your needs. Recent improvements include a new furnace, a brand-new roof, new gutters, chimney and flashings providing peace of mind for years to come. This home has been thoughtfully cared for and is ready for its next owner to move right in and enjoy.

3. 2026-03-24
   historical $399,000 929-char remark

   Show marketing remark (929 chars)

   Welcome to this well-maintained 4-bedroom Cape that blends classic charm with modern updates. Step inside to find beautiful hardwood floors flowing throughout the home, creating a warm and inviting atmosphere. The updated kitchen features sleek granite countertops and stainless steel appliances, making it both stylish and functional for everyday living and entertaining. With four generously sized bedrooms, there's plenty of space for family, guests, or a home office setup. The full bathroom is clean and well-kept, offering comfort and convenience. The basement offers a versatile flex space, perfect for an additional room, play area, home gym, or office-tailored to fit your needs. Recent improvements include a new furnace, a brand-new roof, new gutters, chimney and flashings providing peace of mind for years to come. This home has been thoughtfully cared for and is ready for its next owner to move right in and enjoy.

4. 2012-06-14
   historical
5. 2011-06-17
   listed $159,000
6. 2006-03-30
   historical
7. 2005-10-20
   listed $259,900
8. 2005-10-20
   historical
9. 2005-03-30
   listed $265,000

ⓘ 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: $6,135 · $511/mo
• Projected year-2 tax: $6,909 · $576/mo
• Expected delta: +$774/yr (+$64/mo · 12.6%)

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% 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: $40,426
• − Mortgage interest: −$20,110
• − Property taxes: −$6,135
• − Insurance: −$1,795
• − Repairs & maintenance: −$3,234
• − Management: −$3,234
• − Depreciation: −$10,444
• Taxable loss: −$4,526
• Est. tax savings @ 24.0%: +$1,086
• After-tax cash flow: $2,501/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): 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

+35.5% since first listed

9 events — show timeline

• 2026-04-03 Price Changed $359,000 Smart MLS
• 2026-03-28 Listed $399,000 Smart MLS
• 2026-03-24 Coming Soon $399,000 Smart MLS
• 2012-06-14 Listing Removed — Smart MLS
• 2011-06-17 Listed $159,000 Smart MLS
• 2006-03-30 Listing Removed — Smart MLS
• 2005-10-20 Listing Removed — Smart MLS
• 2005-10-20 Listed $259,900 Smart MLS
• 2005-03-30 Listed $265,000 Smart MLS

Property tax history

+1.5%/yr

Latest (2023): $6,135 · +0.0% YoY. Source: county tax records.