700 E Washington St SPACE 8ColtonCA92324
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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
Investment Highlights
Investment property for sale in Colton at 700 E Washington St SPACE 8, Colton, CA, 92324 uses $137,573 cash to close to unlock $9,455/yr annual cash flow and $788/mo monthly cash flow. Total monthly income runs $3,355/mo, and a $2,031/mo payment keeps the spread at $788/mo. Purchase price stands at $415,000, and rental yield measures 9.7% with $3,355/mo rent. Return on cash invested shows 26.78% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 139.68% and total cumulative return in cash records $192,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,355/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
4,000 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
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Listed by: RICHARD CENTENO • PREMIERE HOMES
Mls Name: CRMLS
Mls ID: #IV25220752