700 E Washington St SPC 243, Colton, CA, 92324 | $761/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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700 E Washington St SPC 243, Colton, CA, 92324 | $761/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Colton at 700 E Washington St SPC 243, Colton, CA, 92324 generates $3,112/mo in rent and, after a $1,860/mo payment, leaves $761/mo in cash flow. Total monthly income is $3,112/mo, and annual cash flow is $9,134/yr on $125,970 invested. Return on cash invested sits at 27.16% in year one, and rental yield is 9.83% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 141.75% and total cumulative return in cash sums $178,561. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,112/mo property income rather than buyer’s personal income.

Manufactured

Built in 1983

4,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Motivated seller! This beautiful mobile home, situated on a permanent foundation, is located in a desirable gated community offering exceptional amenities, including a pool, clubhouse, and childrens playground. Inside, the home features stunning laminate flooring throughout, an open floor plan, and a cozy living room fireplace. The full kitchen boasts exquisite cabinetry and windows that frame a pleasant view of the outdoors. The property offers three generously sized bedrooms with a combination of laminate flooring and carpet. The primary bathroom includes a separate soaking tub and shower, enhanced by elegant tile details and granite countertops. Additional highlights include an individual laundry room, a private outdoor patio, and a backyard ideal for relaxation or entertaining. Recent improvements include a new water heater, updated flooring, and complete re-piping within the last five years. You wont want to miss this lovely home!

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