124 W Colorado St Unit 501GlendaleCA91204
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Glendale at 124 W Colorado St Unit 501, Glendale, CA, 91204 projects strong ROI of 5.81%. Rental yield 2.67%. With 5% annual appreciation, the property builds $567,759 in value over five years. Equity growth combined delivers a projected five-year ROI of 43.9%, translating into $254,856 in total cumulative return on $580,538 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 6.5% |
| Monthly Cash Flow | $(8,998) | $300 |
City averages based on Glendale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,565 |
| Total Monthly Debt Service | $11,895 |
| DSCR Ratio | 0.38x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2017
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91204, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,124 (100%) |
| Owner Occupied HU | 769 (10.8%) |
| Renter Occupied HU | 6,081 (85.4%) |
| Vacant Housing Units | 274 ( 3.8%) |
| Median Home Value | $835,119 |
| Average Home Value | $894,902 |
Housing Distribution
Address Breakdown
Residential
6,998
Single Family
2,106
Multi-Family
4,892
Businesses
1,661
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 2017
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91204, Glendale, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,124 (100%) |
| Owner Occupied HU | 769 (10.8%) |
| Renter Occupied HU | 6,081 (85.4%) |
| Vacant Housing Units | 274 ( 3.8%) |
| Median Home Value | $835,119 |
| Average Home Value | $894,902 |
Housing Distribution
Address Breakdown
Residential
6,998
Single Family
2,106
Multi-Family
4,892
Businesses
1,661
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Silva Hameline • Hameline Global
Mls Name: CRMLS
Mls ID: #P1-25585