69801 Ramon Rd #58 · Cathedral City, CA 92234

$109,000

1 bd · 1.0 ba · 500 sqft · Manufactured · 468 Days on market

Built 1990 1,742 sqft lot $218/sqft · 16% below area Est $130k · 16% under $455/mo HOA · 24% of rent

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Why this score? — see what drove the B+ 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).

• Cash flow +29.5/30.0
• ARV discount +14.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Must See Park Model in the highly sought after 55+ Seasonal Living "Desert Shadows RV Resort"! You Own Land! Grant Deed Lot with Water, Cable, Trash, and common area included in HOA! Potential 2 bedroom (utilizing the additional "California Room"!) Amazing amenities in this fabulous oasis! 2 large & well-maintained clubhouses plus 3 additional satellite clubhouses, An indoor pool with a large spa and sauna, An olympic-length (unofficial width) lap pool, A total of 6 pools, 5 spas and 3 saunas, Sunken, lighted tennis courts, 8 Pickle-ball courts, An indoor shuffleboard pavilion, 16,000-square foot San Jacinto room with floating hardwood dance floor, and a professional stage, plus a large kitchen, A 3,000-square foot “Our Gang” party room and lounge with a giant fireplace and kitchen, A huge party terrace with mountain views, A fully equipped fitness center, A dance studio, Library, Billiards room, Horseshoe pits, Several laundries, restrooms and bath facilities, Card & hobby rooms with Pottery Kiln, A putting green, Organized fitness activities, Daily activities including dances, dinners and entertainment, Wi-Fi and wired broadband Internet access. Close to everything!

Key facts

• Large spa
• 6 pools
• Sauna

Tags

• CALIFORNIA ROOM
• INDOOR POOL
• LARGE SPA
• SAUNA
• OLYMPIC-LENGTH LAP POOL
• 6 POOLS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $109k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $109k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 5.1% in Cathedral City — 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 66/100 on livability (#344 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing B+; Watch: employment D+, schools F, amenities D-.
• 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.
• Market conditions: Rents rising (+3.2%/yr); 529 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 31% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.2% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 468 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $109k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 468 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.76% ✓
• Cap rate: 10.57%
• Cash-on-cash: 15.27%
• DSCR: 1.68
• GRM: 4.7

CMA / ARV

• ARV (median comp): $130,473
• List price: $109,000
• Delta: -16.46%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 6.5%
• Equity multiple: 1.25×
• Total profit: $7,760
• Equity at exit: $16,252

10-year hold

• IRR: 16.3%
• Equity multiple: 2.36×
• Total profit: $41,406
• Equity at exit: $9,424

Cash invested: $30,520 (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 92234

• Home prices YoY: -27.7%
• Rents YoY: 3.2%
• Active inventory: 529
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,913 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$51 /mo · $613/yr
• Insurance: −$45
• HOA: −$455
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $388

Break-even live

Break-even rent $1,422

Max offer price $109,000

Occupancy floor 75%

Sensitivity live

Price	-10% $450	-5% $419	+0% $388	+5% $358	+10% $327
Rent	-10% $237	-5% $313	+0% $388	+5% $464	+10% $540
Rate	-1.0pp $443	-0.5pp $416	base $388	+0.5pp $360	+1.0pp $331

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
69801 Ramon Rd #115 Cathedral City, CA	1.0	1.0	600	$1,600	$2.67	16d	1	0.16mi
32200 Cathedral Canyon Dr #31 Cathedral City, CA	1.0	1.0	740	$1,550	$2.09	25d	1	1.24mi

HOA detail

• Monthly dues: $455 · $5,460/yr
• Likely covers: watertrashinternetcablepoolgym

Listing history 19 events

1. 2026-06-21
   days on market $109,000 Active 468 DOM
2. 2026-06-18
   days on market $109,000 Active 465 DOM
3. 2026-06-17
   days on market $109,000 Active 464 DOM
4. 2026-06-16
   days on market $109,000 Active 463 DOM
5. 2026-06-15
   days on market $109,000 Active 462 DOM
6. 2026-06-13
   days on market $109,000 Active 460 DOM
7. 2026-06-13
   days on market $109,000 Active 459 DOM
8. 2026-06-09
   days on market $109,000 Active 456 DOM
9. 2026-06-08
   days on market $109,000 Active 455 DOM
10. 2026-06-07
    days on market $109,000 Active 454 DOM
11. 2026-06-04
    days on market $109,000 Active 451 DOM
12. 2026-06-03
    days on market $109,000 Active 450 DOM
13. 2026-06-02
    days on market $109,000 Active 449 DOM
14. 2026-06-01
    days on market $109,000 Active 448 DOM
15. 2026-05-31
    days on market $109,000 Active 447 DOM
16. 2025-11-26
    price $109,000 1230-char remark

    Show marketing remark (1230 chars)

    Must See Park Model in the highly sought after 55+ Seasonal Living "Desert Shadows RV Resort"! You Own Land! Grant Deed Lot with Water, Cable, Trash, and common area included in HOA! Potential 2 bedroom (utilizing the additional "California Room"!) Amazing amenities in this fabulous oasis! 2 large & well-maintained clubhouses plus 3 additional satellite clubhouses, An indoor pool with a large spa and sauna, An olympic-length (unofficial width) lap pool, A total of 6 pools, 5 spas and 3 saunas, Sunken, lighted tennis courts, 8 Pickle-ball courts, An indoor shuffleboard pavilion, 16,000-square foot San Jacinto room with floating hardwood dance floor, and a professional stage, plus a large kitchen, A 3,000-square foot “Our Gang” party room and lounge with a giant fireplace and kitchen, A huge party terrace with mountain views, A fully equipped fitness center, A dance studio, Library, Billiards room, Horseshoe pits, Several laundries, restrooms and bath facilities, Card & hobby rooms with Pottery Kiln, A putting green, Organized fitness activities, Daily activities including dances, dinners and entertainment, Wi-Fi and wired broadband Internet access. Close to everything!

17. 2025-03-10
    listed $130,000 Active 1230-char remark

    Show marketing remark (1230 chars)

    Must See Park Model in the highly sought after 55+ Seasonal Living "Desert Shadows RV Resort"! You Own Land! Grant Deed Lot with Water, Cable, Trash, and common area included in HOA! Potential 2 bedroom (utilizing the additional "California Room"!) Amazing amenities in this fabulous oasis! 2 large & well-maintained clubhouses plus 3 additional satellite clubhouses, An indoor pool with a large spa and sauna, An olympic-length (unofficial width) lap pool, A total of 6 pools, 5 spas and 3 saunas, Sunken, lighted tennis courts, 8 Pickle-ball courts, An indoor shuffleboard pavilion, 16,000-square foot San Jacinto room with floating hardwood dance floor, and a professional stage, plus a large kitchen, A 3,000-square foot “Our Gang” party room and lounge with a giant fireplace and kitchen, A huge party terrace with mountain views, A fully equipped fitness center, A dance studio, Library, Billiards room, Horseshoe pits, Several laundries, restrooms and bath facilities, Card & hobby rooms with Pottery Kiln, A putting green, Organized fitness activities, Daily activities including dances, dinners and entertainment, Wi-Fi and wired broadband Internet access. Close to everything!

18. 2005-04-07
    soldstatus $40,000
19. 1994-03-18
    soldstatus $17,000

ⓘ 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: $613 · $51/mo
• Projected year-2 tax: $828 · $69/mo
• Expected delta: +$215/yr (+$18/mo · 35.1%)

ⓘ 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 ≥113°F today · 18 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: $22,961
• − Mortgage interest: −$6,106
• − Property taxes: −$613
• − Insurance: −$545
• − Repairs & maintenance: −$1,837
• − Management: −$1,837
• − HOA: −$5,460
• − Depreciation: −$3,171
• Taxable income: $3,392
• Est. tax owed @ 24.0%: −$814
• After-tax cash flow: $3,847/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 — Cathedral City

• Score: 66/100
• State rank: #344
• US rank: #11749

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cathedral City, CA
• County: Riverside County · 2,287,001 people
• City population: 52,267
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 52,267
• Household income: $73,572
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1682.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 59% White 30% Two or more races 27% Asian 6% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 51%
• Common ancestry: Lithuanian 2% Romanian 1% Italian 1%
• Foreign-born: 28% · Canada, Vietnam
• Languages at home: 48% English-only · Spanish 46% Tagalog/Filipino 3% Other Asian/Pacific 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: ▼ -136.57%
• Current HPI: 356.9845
• Rent YoY: ▲ 3.22%
• 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

+541.2% since first listed

4 events — show timeline

• 2025-11-26 Price Changed $109,000 CRMLS
• 2025-03-10 Listed $130,000 CRMLS
• 2005-04-07 Sold (Public Records) $40,000 Public Records
• 1994-03-18 Sold (Public Records) $17,000 Public Records

Property tax history

-1.0%/yr

Latest (2014): $613 · -2.1% YoY. Source: county tax records.