340 W Congress StColtonCA92324
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play340 W Congress St, Colton, CA, 92324 in Colton is priced for appreciation, not yield. Rental yield 5.65%. At $555,000 with a 5.65% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $153,336 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.05) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $157,732.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 5.2% |
| Monthly Cash Flow | $(820) | $300 |
City averages based on Colton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,614 |
| Total Monthly Debt Service | $3,213 |
| DSCR Ratio | 0.81x |
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.
Single Family
Built in 1926
5,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92324, Colton, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,247 (100%) |
| Owner Occupied HU | 9,227 (50.6%) |
| Renter Occupied HU | 8,345 (45.7%) |
| Vacant Housing Units | 675 ( 3.7%) |
| Median Home Value | $453,154 |
| Average Home Value | $498,704 |
Housing Distribution
Address Breakdown
Residential
17,806
Single Family
13,970
Multi-Family
3,836
Businesses
1,398
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
Single Family
Built in 1926
5,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 92324, Colton, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,247 (100%) |
| Owner Occupied HU | 9,227 (50.6%) |
| Renter Occupied HU | 8,345 (45.7%) |
| Vacant Housing Units | 675 ( 3.7%) |
| Median Home Value | $453,154 |
| Average Home Value | $498,704 |
Housing Distribution
Address Breakdown
Residential
17,806
Single Family
13,970
Multi-Family
3,836
Businesses
1,398
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CRMLS
Mls ID: #GD26065773