42724 Tango Ct · Indio, CA 92203

$550,000

4 bd · 3.0 ba · 2,657 sqft · SingleFamily public records · 5 Days on market

Built 2009 8,712 sqft lot Est $627k · 12% under $130/mo HOA · 3% of rent ↓ 7% since listing

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Why this score? — see what drove the D 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 +13.0/15.0
• Cash flow +11.0/30.0
• Rent growth +5.0/5.0
• Schools +3.8/10.0
• 1% rule +3.3/10.0
• DSCR +3.2/10.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Priced for a quick sale, this is one of the lowest priced homes available in the desirable Haciendas community! This spacious 2,657 sq. ft. home features 4 bedrooms, 3 bathrooms, a premium corner lot, and a private pool!!! The open floor plan offers plenty of space for living and entertaining, while the primary suite provides a comfortable retreat. Low HOA fees, a sought after location, and a backyard made for relaxation make this an exceptional opportunity. Don't miss your chance to own a pool home on a corner lot at an incredible value this one won't last long!

Key facts

• Premium corner lot
• Open floor plan
• Private pool

Tags

• PREMIUM CORNER LOT
• PRIVATE POOL
• OPEN FLOOR PLAN
• BACKYARD MADE FOR RELAXATION

Property features AI

Finance

• Other: Property type listed as single family residence; Fee simple land
• HOA & community: HOA dues $130.00 per month; Association provides additional community amenities

Exterior

• Parking: Attached 2-car garage; Two additional uncovered/assigned parking spaces (total 4 parking spaces)
• Security: Gated community
• Utilities: Sewer is connected and paid; PUD: Yes
• Home design: Single family residence, detached; One story (ground level)
• Construction: Year built per assessor; Has sprinklers
• Exterior features: Private in-ground pool; Sprinkler system; Gated community (security listed under exterior features)

Interior

• Flooring: Other flooring
• Bathrooms: Three full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Gas fireplace located in the kitchen

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $550k.

Deal economics

• At list price, monthly cash flow is $-229 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $510k (7.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $454k (17.4% below list).
• Recommended offer: $454k (17.4% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.3% in Indio — 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 53/100 on livability (#927 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing B+; Watch: employment D, schools F, crime F.
• Desert Sands Unified (suburban): math 31% / reading 56% proficiency, ranked #199 of 517 in CA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+11.6%/yr); 441 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 $4,543/mo this rent would consume 56% of the median local household income ($97k/yr) (locally 565% 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 $4k of loan paydown is wiped out by about $16k 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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $454,297 (17.4% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 5.79%
• Cash-on-cash: -1.78%
• DSCR: 0.92
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $627,052
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
42694 La Danza Ct	0.05mi	4/3.0	2,657 (0%)	1mo	$550,000	$207	97
83740 Durazo Ln	0.17mi	4/3.0	2,502 (-6%)	1mo	$590,000	$236	82
42727 Saint Lucia St	0.17mi	4/3.0	2,804 (+6%)	6mo	$599,999	$214	78
42912 Gazapo Ct	0.30mi	4/3.0	2,502 (-6%)	2mo	$605,000	$242	74
84101 Novello Dr	0.25mi	3/3.0 (-1)	2,554 (-4%)	6mo	$599,990	$235	72
83587 Moroccan Dr	0.32mi	4/3.0	2,811 (+6%)	6mo	$600,000	$213	71
83315 Stagecoach Rd	0.59mi	4/3.0	2,749 (+4%)	4mo	$575,000	$209	64
83822 Collection Dr	0.16mi	3/3.0 (-1)	2,273 (-14%)	2mo	$575,000	$253	61
84450 Onda Dr	0.68mi	4/2.5	2,478 (-7%)	2mo	$800,000	$323	53
43635 Aquila St	0.60mi	5/3.5 (+1)	2,815 (+6%)	4mo	$649,000	$231	52
42776 Del Lago Ct	0.63mi	5/3.0 (+1)	2,431 (-8%)	6mo	$915,000	$376	46
84317 Falco Ct	0.70mi	4/3.0	2,284 (-14%)	6mo	$610,000	$267	39

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.48×
• Total profit: $-79,612
• Equity at exit: $82,007

10-year hold

• IRR: 1.6%
• Equity multiple: 1.14×
• Total profit: $21,501
• Equity at exit: $47,554

Cash invested: $154,000 (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 92203

• Home prices YoY: -25.0%
• Rents YoY: 11.6%
• Active inventory: 441
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $4,543 high
• Mortgage (P&I): −$2,884
• Tax from tax record: −$574 /mo · $6,893/yr
• Insurance: −$229
• HOA: −$130
• Vacancy / Maint / Mgmt: −$954
• Net cashflow: $-229

Break-even live

Break-even rent $4,833

Max offer price $509,573

Occupancy floor —

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: $137,500
• Closing costs: $16,500
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
83907 Avenida Serena Indio, CA	4.0	2.0	1765	$3,200	$1.81	44d	1	0.22mi
42753 Della Pl Indio, CA	4.0	3.0	2338	$6,500	$2.78	5d	1	0.23mi
42753 Della Pl Indio, CA	4.0	3.0	2338	$6,000	$2.57	44d	1	0.23mi
83721 Mirabella Dr Indio, CA	3.0	2.5	1995	$5,000	$2.51	44d	1	0.25mi
84136 Olona Ct Indio, CA	4.0	3.0	1920	$5,000	$2.60	44d	1	0.29mi
42696 Saragoza Ct Indio, CA	4.0	3.0	2502	$3,195	$1.28	3d	1	0.30mi
83631 Himilaya Dr Indio, CA	3.0	2.0	1930	$3,300	$1.71	44d	1	0.37mi
83448 Wagon Rd Indio, CA	4.0	3.5	3147	$3,500	$1.11	44d	1	0.42mi
43275 Passagio Lago Way Indio, CA	4.0	4.0	2697	$4,000	$1.48	44d	1	0.58mi
43329 Passagio Lago Way Indio, CA	4.0	4.0	2697	$4,200	$1.56	11d	1	0.60mi
84401 Passagio Lago Way Indio, CA	4.0	5.0	2680	$3,195	$1.19	24d	1	0.66mi
42816 Dell Lago Ct Indio, CA	3.0	2.0	2012	$25,000	$12.43	44d	1	0.66mi
42942 Dell Lago Ct Indio, CA	4.0	3.0	2234	$10,500	$4.70	44d	1	0.67mi
43180 Portuale Ct Indio, CA	4.0	4.5	2697	$6,495	$2.41	44d	1	0.77mi
43073 Traccia Way Indio, CA	4.0	3.0	2234	$5,995	$2.68	44d	1	0.78mi
84546 Miliare Ct Indio, CA	4.0	4.5	2697	$6,995	$2.59	44d	1	0.79mi
84644 Pavone Way Indio, CA	4.0	3.0	2472	$5,500	$2.22	44d	1	0.82mi
84649 Pavone Way Indio, CA	3.0	2.0	2012	$3,950	$1.96	24d	1	0.84mi
43627 Regata Ct Indio, CA	5.0	2.5	2697	$4,000	$1.48	44d	1	0.86mi
84638 Litorale Ct Indio, CA	4.0	4.5	2697	$5,900	$2.19	5d	1	0.87mi
43426 Lago Breeza Dr Indio, CA	4.0	3.0	2431	$4,000	$1.65	11d	1	0.94mi
43784 Riunione Pl Indio, CA	5.0	2.0	2200	$5,500	$2.50	44d	1	0.95mi
43760 Spiaggia Pl Indio, CA	4.0	3.0	3142	$4,500	$1.43	44d	1	1.01mi
82814 Plymouth Dr Indio, CA	4.0	3.0	2451	$3,200	$1.31	11d	1	1.32mi
82563 Tivoli Ct Indio, CA	5.0	3.0	2626	$4,000	$1.52	44d	1	1.40mi
82686 Castleton Dr Indio, CA	3.0	2.0	1841	$2,700	$1.47	2d	1	1.50mi

HOA detail

• Monthly dues: $130 · $1,560/yr
• Likely covers: pool

Listing history 4 events

1. 2026-06-15
   status $550,000 Pending 5 DOM
2. 2026-06-13
   days on market $550,000 Active 5 DOM
3. 2026-06-09
   remarks 569-char remark
4. 2026-06-09
   listed $550,000 Active 1 DOM

ⓘ 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: $6,893 · $574/mo
• Projected year-2 tax: $6,893 · $574/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 6/10 Major
• 🌡 Heat 10/10 Extreme 6 d/yr ≥114°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,516
• − Mortgage interest: −$30,809
• − Property taxes: −$6,893
• − Insurance: −$2,750
• − Repairs & maintenance: −$4,361
• − Management: −$4,361
• − HOA: −$1,560
• − Depreciation: −$16,000
• Taxable loss: −$12,218
• Est. tax savings @ 24.0%: +$2,932
• After-tax cash flow: $186/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: Desert Sands Unified
• NCES district ID: 0611110
• Math proficiency: 31% ▼ -4.00%
• Reading proficiency: 56% ▲ 7.00%
• Median HH income: $54,957
• Composite: 37.77/100
• National rank: #4346
• State rank: #199 of 517 in CA

Livability — Indio

• Score: 53/100
• State rank: #927
• US rank: #24244

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indio, CA
• County: Riverside County · 2,287,001 people
• City population: 100,560
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 34,735
• Household income: $97,311
• Rent vs Own: 20.2% rent · 79.8% own
• Severe rent burden: 565.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 51% White 41% Two or more races 29% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Italian 3% Lithuanian 2% Romanian 2%
• Foreign-born: 14% · Canada
• Languages at home: 64% English-only · Spanish 33% Tagalog/Filipino 1% Other Indo-European 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: ▼ -98.51%
• Current HPI: 295.6456
• Rent YoY: ▲ 11.64%
• 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

-6.6% since first listed

3 events — show timeline

• 2026-06-08 Listed $550,000 GPSMLS
• 2026-04-09 Listing Removed — GPSMLS
• 2025-10-31 Listed $589,000 GPSMLS

Property tax history

+8.7%/yr

Latest (2025): $6,893 · +0.4% YoY. Source: county tax records.