70900 Jasmine Ln · Rancho Mirage, CA 92270

$950,000

4 bd · 2.5 ba · 2,539 sqft · SingleFamily public records · 45 Days on market

Built 1980 0.27 ac lot $374/sqft · 7% below area Est $1022k · 7% under

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Why this score? — see what drove the F 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).

• ARV discount +10.7/15.0
• Cash flow +7.8/30.0
• Rent growth +3.4/5.0
• Schools +2.7/10.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This contemporary residence is in an excellent location surrounded by communities of multi-million dollar homes. Enjoy a quiet street, between Mission Hills CC and Tamarisk CC, in an entertainer's versatile home with unique form and design.

Key facts

• Backyard tiki bar
• Central location
• Private pool and spa

Tags

• PRIVATE POOL AND SPA
• BACKYARD TIKI BAR
• PRIVATE FRONT COURTYARD
• CENTRAL LOCATION

Property features AI

Finance

• Other: Listing accepts Conventional, Cash to New Loan, and Cash; Possession at close of escrow; Not available for short-term rentals; will not consider lease
• HOA & community: No monthly association fee

Exterior

• Parking: Attached garage; Garage door opener; Approximately 2.5 garage spaces; 2 covered spaces; 2 uncovered/assigned spaces; Total of about 6.5 parking spaces
• Security: Security/safety features (other)
• Utilities: Sewer: connected and paid; No PUD
• Home design: Detached single-family residence; Single-story (ground level, no unit above); Front door faces south; leisure area faces north
• Construction: Year built (per assessor); Fee simple land
• Exterior features: Private, in-ground pool; Private in-ground spa/hot tub; Sprinkler system; Front yard with landscaping and lawn; Level lot

Interior

• Kitchen: Gas cooktop; Gas oven; Gas range; Microwave oven; Dishwasher; Disposal; Refrigerator; Ice maker; Exhaust fan; Water filter
• Flooring: Ceramic tile; Vinyl; Laminate; Other
• Bathrooms: One full bathroom; Two 3/4 bathrooms
• Heating & cooling: Central heating; Central air conditioning; Dual cooling
• Interior features: Ground-level entry with no steps; Unfurnished; Family room; Living room; Gas fireplace (1) located in family room and living room
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $950k.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $762k (19.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $640k (32.6% below list).
• Recommended offer: $640k (32.6% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.0% in Rancho Mirage — 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 51/100 on livability (#1,065 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A+; Watch: amenities F, commute F, cost of living F.
• Palm Springs Unified (suburban): math 21% / reading 42% proficiency, ranked #328 of 517 in CA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Rancho Mirage Elementary (309 students, 86% FRL); Nellie N. Coffman Middle (953 students, 98% FRL); Rancho Mirage High (math 15% / reading 38%, grade F, #804 of 1,170 statewide, top 69%, 1,491 students, 97% FRL) — zoned schools average 94% FRL vs 73% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.7%/yr); 532 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• At $6,404/mo this rent would consume 72% of the median local household income ($107k/yr) (locally 498% 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 $7k of loan paydown is wiped out by about $28k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($922k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask is 6% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $607k; list at $950k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $640,444 (32.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.67% ✗
• Cap rate: 4.95%
• Cash-on-cash: -4.80%
• DSCR: 0.79
• GRM: 12.4

CMA / ARV

• ARV (median comp): $1,021,698
• List price: $950,000
• Delta: -7.02%
• 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
54 San Fernando	0.22mi	3/2.5 (-1)	2,598 (+2%)	1mo	$995,000	$383	80
70840 Ironwood Dr	0.05mi	3/3.5 (-1)	2,644 (+4%)	9mo	$1,160,000	$439	74
9 San Marino Cir	0.27mi	3/2.0 (-1)	2,308 (-9%)	1mo	$740,000	$321	65
70920 Ironwood Dr	0.04mi	4/3.0	2,160 (-15%)	9mo	$870,000	$403	64
11 Sterling Pl	0.54mi	3/3.0 (-1)	2,498 (-2%)	3mo	$1,568,000	$628	63
36720 Palm Ct	0.72mi	4/2.5	2,537 (-0%)	8mo	$1,225,000	$483	59
45 Lincoln Pl	0.74mi	3/2.5 (-1)	2,530 (-0%)	5mo	$650,000	$257	56
40 Lincoln Pl	0.69mi	3/2.5 (-1)	2,550 (+0%)	10mo	$955,000	$375	54
16 Lincoln Pl	0.68mi	3/3.5 (-1)	2,530 (-0%)	7mo	$790,000	$312	53
34 Lincoln Pl	0.72mi	3/2.5 (-1)	2,628 (+4%)	5mo	$1,435,000	$546	52
37035 Carolyn Ct	0.52mi	3/3.0 (-1)	2,280 (-10%)	8mo	$1,628,100	$714	45
70320 Mottle Cir	0.70mi	3/2.0 (-1)	2,208 (-13%)	2mo	$1,450,000	$657	36

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 · 3.72% rent growth · sell at horizon

5-year hold

• IRR: -23.7%
• Equity multiple: 0.18×
• Total profit: $-217,178
• Equity at exit: $141,648

10-year hold

• IRR: -17.1%
• Equity multiple: 0.03×
• Total profit: $-257,589
• Equity at exit: $82,139

Cash invested: $266,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92270

• Rents YoY: 3.7%
• Active inventory: 532
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $6,404 high
• Mortgage (P&I): −$4,982
• Tax from tax record: −$745 /mo · $8,943/yr
• Insurance: −$396
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,345
• Net cashflow: $-1,064

Break-even live

Break-even rent $7,751

Max offer price $762,128

Occupancy floor —

Sensitivity live

Price	-10% $-526	-5% $-795	+0% $-1,064	+5% $-1,332	+10% $-1,601
Rent	-10% $-1,569	-5% $-1,316	+0% $-1,064	+5% $-811	+10% $-558
Rate	-1.0pp $-585	-0.5pp $-822	base $-1,064	+0.5pp $-1,310	+1.0pp $-1,560

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: $237,500
• Closing costs: $28,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36726 Jasmine Ln Rancho Mirage, CA	4.0	3.0	2539	$14,000	$5.51	45d	1	0.07mi
70895 Ironwood Dr Rancho Mirage, CA	4.0	2.5	2575	$7,995	$3.10	7d	1	0.08mi
70955 Sunny Ln Rancho Mirage, CA	4.0	4.5	3623	$17,500	$4.83	45d	1	0.14mi
69 San Marino Cir Rancho Mirage, CA	3.0	2.5	2601	$3,795	$1.46	24d	1	0.26mi
829 Inverness Dr Rancho Mirage, CA	4.0	3.0	2527	$11,000	$4.35	14d	1	0.41mi
22 San Leandro Ct Rancho Mirage, CA	3.0	3.5	2563	$5,500	$2.15	45d	1	0.52mi
70451 Cobb Rd Rancho Mirage, CA	3.0	2.0	2148	$3,750	$1.75	45d	1	0.59mi
913 Inverness Dr Rancho Mirage, CA	3.0	3.0	2690	$6,800	$2.53	45d	1	0.62mi
20 Lincoln Pl Rancho Mirage, CA	3.0	3.5	2700	$3,995	$1.48	45d	1	0.69mi
41 Lincoln Pl Rancho Mirage, CA	3.0	3.0	2272	$4,900	$2.16	45d	1	0.74mi
714 Inverness Dr Rancho Mirage, CA	3.0	3.0	2227	$3,500	$1.57	45d	1	0.76mi
22 Calle Escala Rancho Mirage, CA	3.0	2.5	2116	$3,800	$1.80	13d	1	0.81mi
1 Mayfair Dr Rancho Mirage, CA	3.0	3.0	3306	$15,000	$4.54	45d	1	0.81mi
35018 Mission Hills Dr Rancho Mirage, CA	3.0	3.0	3066	$7,500	$2.45	18d	1	0.81mi
35018 Mission Hills Dr Rancho Mirage, CA	3.0	3.0	3066	$7,500	$2.45	45d	1	0.81mi
37641 Peacock Cir Rancho Mirage, CA	3.0	3.0	2395	$6,500	$2.71	26d	1	0.81mi
70181 Chappel Rd Rancho Mirage, CA	4.0	3.0	2000	$5,900	$2.95	45d	1	0.85mi
140 Columbia Dr Rancho Mirage, CA	3.0	3.0	2950	$8,950	$3.03	45d	1	0.85mi
4 Bentley Rd Rancho Mirage, CA	4.0	2.5	3068	$6,500	$2.12	45d	1	0.88mi
5 Victoria Falls Dr Rancho Mirage, CA	4.0	4.0	3427	$4,500	$1.31	26d	1	0.95mi
464 Sunningdale Dr Rancho Mirage, CA	3.0	3.0	1751	$6,000	$3.43	45d	1	1.01mi
507 Desert West Dr Rancho Mirage, CA	3.0	2.0	2265	$8,500	$3.75	45d	1	1.03mi
13 Vista Mirage Way Rancho Mirage, CA	3.0	2.0	2071	$3,700	$1.79	46d	1	1.03mi
42 Colonial Dr Rancho Mirage, CA	3.0	3.0	2005	$3,600	$1.80	5d	1	1.05mi
42 Colonial Dr Rancho Mirage, CA	3.0	3.0	2005	$3,600	$1.80	24d	1	1.05mi
13 Tennis Club Dr Rancho Mirage, CA	3.0	3.0	2079	$4,500	$2.16	18d	1	1.06mi
5 Chandra Ln Rancho Mirage, CA	3.0	2.0	2015	$4,000	$1.99	45d	1	1.06mi
23 Tennis Club Dr Rancho Mirage, CA	3.0	2.0	1899	$3,600	$1.90	26d	1	1.07mi
37640 Los Cocos Dr E Rancho Mirage, CA	3.0	2.5	2275	$3,000	$1.32	26d	1	1.07mi
25 Buckingham Way Rancho Mirage, CA	5.0	3.5	3332	$5,800	$1.74	18d	1	1.10mi
69940 Los Cocos Ct Rancho Mirage, CA	3.0	3.0	2367	$2,900	$1.23	45d	1	1.11mi
30 Tennis Club Dr Rancho Mirage, CA	3.0	2.0	1920	$3,500	$1.82	5d	1	1.11mi
1 Briarcliff Ct Rancho Mirage, CA	3.0	3.0	2694	$9,500	$3.53	45d	1	1.13mi
65 La Costa Dr Rancho Mirage, CA	4.0	3.0	2736	$10,500	$3.84	45d	1	1.14mi
5 Briarcliff Ct Rancho Mirage, CA	3.0	3.0	2950	$5,500	$1.86	45d	1	1.15mi
52 Princeton Dr Rancho Mirage, CA	3.0	3.0	3088	$10,500	$3.40	26d	1	1.16mi
6 Exeter Ct Rancho Mirage, CA	3.0	3.0	3288	$14,000	$4.26	26d	1	1.21mi
645 Hospitality Dr Rancho Mirage, CA	3.0	3.0	2727	$4,300	$1.58	45d	1	1.22mi
23 Duke Dr Unit 23 Rancho Mirage, CA	3.0	3.0	3080	$7,500	$2.44	45d	1	1.23mi
8 Tulane Ct Rancho Mirage, CA	3.0	3.0	2950	$5,000	$1.69	45d	1	1.24mi

Listing history 23 events

1. 2026-06-21
   days on market $950,000 Active 45 DOM
2. 2026-06-18
   days on market $950,000 Active 42 DOM
3. 2026-06-17
   days on market $950,000 Active 41 DOM
4. 2026-06-16
   days on market $950,000 Active 40 DOM
5. 2026-06-15
   price $950,000 Active 39 DOM
6. 2026-06-15
   days on market $900,000 Active 39 DOM
7. 2026-06-13
   days on market $900,000 Active 37 DOM
8. 2026-06-13
   days on market $900,000 Active 36 DOM
9. 2026-06-09
   days on market $900,000 Active 33 DOM
10. 2026-06-08
    days on market $900,000 Active 32 DOM
11. 2026-06-07
    days on market $900,000 Active 31 DOM
12. 2026-06-04
    days on market $900,000 Active 28 DOM
13. 2026-06-03
    days on market $900,000 Active 27 DOM
14. 2026-06-02
    days on market $900,000 Active 26 DOM
15. 2026-06-01
    days on market $900,000 Active 25 DOM
16. 2026-05-31
    days on market $900,000 Active 24 DOM
17. 2026-05-07
    listed $900,000 Active 2093-char remark
18. 2020-03-25
    soldstatus $607,140 Closed 240-char remark

    Show marketing remark (240 chars)

    This contemporary residence is in an excellent location surrounded by communities of multi-million dollar homes. Enjoy a quiet street, between Mission Hills CC and Tamarisk CC, in an entertainer's versatile home with unique form and design.

19. 2020-03-25
    soldstatus $607,500

    Show marketing remark (240 chars)

    This contemporary residence is in an excellent location surrounded by communities of multi-million dollar homes. Enjoy a quiet street, between Mission Hills CC and Tamarisk CC, in an entertainer's versatile home with unique form and design.

20. 2020-03-09
    status Pending 240-char remark

    Show marketing remark (240 chars)

    This contemporary residence is in an excellent location surrounded by communities of multi-million dollar homes. Enjoy a quiet street, between Mission Hills CC and Tamarisk CC, in an entertainer's versatile home with unique form and design.

21. 2020-01-11
    price $635,000 240-char remark

    Show marketing remark (240 chars)

    This contemporary residence is in an excellent location surrounded by communities of multi-million dollar homes. Enjoy a quiet street, between Mission Hills CC and Tamarisk CC, in an entertainer's versatile home with unique form and design.

22. 2019-11-04
    listed $649,500 Active 240-char remark

    Show marketing remark (240 chars)

    This contemporary residence is in an excellent location surrounded by communities of multi-million dollar homes. Enjoy a quiet street, between Mission Hills CC and Tamarisk CC, in an entertainer's versatile home with unique form and design.

23. 1991-11-19
    soldstatus $250,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $8,943 · $745/mo
• Projected year-2 tax: $8,943 · $745/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 9/10 Extreme 7 d/yr ≥114°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $76,853
• − Mortgage interest: −$53,215
• − Property taxes: −$8,943
• − Insurance: −$4,750
• − Repairs & maintenance: −$6,148
• − Management: −$6,148
• − Depreciation: −$27,636
• Taxable loss: −$29,988
• Est. tax savings @ 24.0%: +$7,197
• After-tax cash flow: $-5,565/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: Palm Springs Unified
• NCES district ID: 0629550
• Math proficiency: 21% ▼ -7.00%
• Reading proficiency: 42% ▬ 0.00%
• Median HH income: $43,638
• Composite: 26.76/100
• National rank: #7131
• State rank: #328 of 517 in CA

Livability — Rancho Mirage

• Score: 51/100
• State rank: #1065
• US rank: #25255

Category grades

Amenities F Commute F Cost of living F Crime B- Employment A+ Housing C+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rancho Mirage, CA
• County: Riverside County · 2,287,001 people
• City population: 17,563
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 17,563
• Household income: $107,364
• Rent vs Own: 18.0% rent · 82.0% own
• Severe rent burden: 498.0

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 15% Two or more races 6% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 4% Romanian 3% Lithuanian 3%
• Foreign-born: 17% · Canada, South Korea, China
• Languages at home: 81% English-only · Spanish 11% Other Indo-European 3% French/Haitian/Cajun 1%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -210.99%
• Current HPI: 282.2957
• Rent YoY: ▲ 3.72%
• Metro: Riverside-San Bernardino-Ontario, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+280.0% since first listed

8 events — show timeline

• 2026-06-15 Price Changed $950,000 GPSMLS
• 2026-05-07 Listed $900,000 GPSMLS
• 2020-03-25 Sold (Public Records) $607,500 Public Records
• 2020-03-25 Sold (MLS) $607,140 GPSMLS
• 2020-03-09 Pending — GPSMLS
• 2020-01-11 Price Changed $635,000 GPSMLS
• 2019-11-04 Listed $649,500 GPSMLS
• 1991-11-19 Sold (Public Records) $250,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $8,943 · -1.1% YoY. Source: county tax records.