151 Geronimo St · Palm Springs, CA 92264

$139,000

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 23 Days on market

Built 1982 Est $133k · at est.

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +5.5/15.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a 1982 manufactured home in Ramon Park. It consists of 672 well planned square feet including 2 bedrooms and one bath. This home is being offered completely furnished including 2 televisions. The kitchen has a large refrigerator/freezer side by side unit, a gas stove and oven, a countertop microwave and a disposal. Also an island as well. In thrall way are a full size washer and dryer. The bathroom has white tile floors and shower with glass panel and door. The main bedroom has a large closet and carpeted floors. The smaller bedroom is off the hallway and has its own closet. Included is parking for 2 cars in tandem. The large gates open to a nice yard with table and chairs. There i

Key facts

• White tile floors
• Gas stove and oven
• Completely furnished

Tags

• COMPLETELY FURNISHED
• LARGE REFRIGERATOR FREEZER
• GAS STOVE AND OVEN
• COUNTERTOP MICROWAVE
• FULL SIZE WASHER AND DRYER
• WHITE TILE FLOORS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $139k.

Deal economics

• At list price, monthly cash flow is $627 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $137k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 2.7% in Palm Springs — 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 (#348 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+; Watch: schools C-, crime 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.
• Market conditions: Rents soft (-0.4%/yr); 492 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 31% of the median local income ($78k/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 $961 of loan paydown is wiped out by about $4k 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 + 0.0% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; extreme-heat days projected 8→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,915 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.45% ✓
• Cap rate: 11.71%
• Cash-on-cash: 19.35%
• DSCR: 1.86
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $133,056
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
345 Logenita St	0.10mi	1/1.0 (-1)	600 (-11%)	6mo	$119,000	$198	64
336 Tomahawk St	0.10mi	2/1.0	743 (+11%)	15mo	$88,000	$118	62

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 7.9%
• Equity multiple: 1.30×
• Total profit: $11,580
• Equity at exit: $20,725

10-year hold

• IRR: 14.4%
• Equity multiple: 2.00×
• Total profit: $38,902
• Equity at exit: $12,018

Cash invested: $38,920 (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 92264

• Rents YoY: -0.4%
• Active inventory: 492
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,010 high
• Mortgage (P&I): −$729
• Tax est. 1.5%: −$174 /mo · $2,085/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $627

Break-even live

Break-even rent $1,216

Max offer price $139,000

Occupancy floor 64%

Sensitivity live

Price	-10% $724	-5% $676	+0% $627	+5% $579	+10% $531
Rent	-10% $469	-5% $548	+0% $627	+5% $707	+10% $786
Rate	-1.0pp $697	-0.5pp $663	base $627	+0.5pp $591	+1.0pp $555

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
620 S Thornhill Rd Unit 3 Palm Springs, CA	2.0	1.0	700	$1,985	$2.84	24d	1	0.11mi
620 S Thornhill Rd Unit 6 Palm Springs, CA	1.0	1.0	656	$1,765	$2.69	24d	1	0.11mi
311 S Sunrise Way Palm Springs, CA	2.0	1.0–2.0	688	$2,350	$3.42	24d	18	0.45mi
788 N Riverside Dr Palm Springs, CA	1.0	1.0	725	$1,648	$2.27	44d	1	0.50mi
777 E San Lorenzo Rd Unit 3 Palm Springs, CA	1.0	1.0	550	$1,765	$3.21	19d	1	0.58mi
722 E San Lorenzo Rd Palm Springs, CA	3.0	1.0–2.0	750	$2,015	$2.69	8d	3	0.61mi
594 Calle Abronia S Unit 03 Palm Springs, CA	2.0	2.0	662	$1,895	$2.86	44d	1	0.63mi
585 Calle Abronia S Unit B Palm Springs, CA	1.0	1.0	750	$2,100	$2.80	44d	1	0.66mi
300 S Calle El Segundo Palm Springs, CA	1.0–2.0	1.0	554	$1,671	$3.02	3d	1	0.73mi
1530 E Palm Canyon Dr Unit 210 Palm Springs, CA	1.0	1.0	460	$1,995	$4.34	22d	1	0.78mi
1530 E Palm Canyon Dr Unit 209 Palm Springs, CA	2.0	2.0	740	$2,595	$3.51	3d	1	0.78mi
1111 E Palm Canyon Dr Palm Springs, CA	1.0	1.0	525	$2,525	$4.81	24d	2	0.89mi
449 E Arenas Rd Palm Springs, CA	2.0	1.0–2.0	715	$2,395	$3.35	8d	1	0.91mi
2300 E Tahquitz Canyon Way Palm Springs, CA	1.0–2.0	1.0–2.0	851	$2,045	$2.40	11d	6	0.96mi
2900 E Ramon Rd Palm Springs, CA	1.0–2.0	1.0	626	$2,150	$3.43	2d	6	0.98mi
1674 Via Salida Unit 3 Palm Springs, CA	1.0	1.0	550	$1,650	$3.00	15d	1	1.03mi
1674 Via Salida Unit 6 Palm Springs, CA	1.0	1.0	500	$1,550	$3.10	3d	1	1.03mi
2580 E Tahquitz Canyon Way Unit 103 Palm Springs, CA	1.0	1.0	750	$1,550	$2.07	24d	1	1.03mi
2580 E Tahquitz Canyon Way Palm Springs, CA	1.0	1.0	625	$1,550	$2.48	17d	2	1.03mi
2580 E Tahquitz Canyon Way Unit 107 Palm Springs, CA	1.0	1.0	750	$1,500	$2.00	24d	1	1.03mi
1150 E Amado Rd Palm Springs, CA	1.0	1.0	633	$1,745	$2.76	11d	2	1.04mi
353 N Hermosa Dr Unit 10A1 Palm Springs, CA	1.0	1.0	633	$2,900	$4.58	15d	1	1.05mi
353 N Hermosa Dr Unit 10A1 Palm Springs, CA	1.0	1.0	633	$2,900	$4.58	44d	1	1.05mi
222 N Calle El Segundo #522 Palm Springs, CA	1.0	1.0	539	$2,450	$4.55	44d	1	1.06mi
2720 E Tahquitz Canyon Way Palm Springs, CA	1.0–2.0	1.0–2.0	855	$2,050	$2.40	5d	9	1.12mi
1333 S Belardo Rd Palm Springs, CA	1.0	1.0	687	$1,925	$2.80	3d	8	1.16mi
500 E Amado Rd Palm Springs, CA	1.0	2.0–3.0	736	$2,900	$3.94	19d	2	1.16mi
550 El Cielo Rd Unit 12 Palm Springs, CA	1.0	1.0	600	$1,350	$2.25	24d	1	1.19mi
561 Desert View Dr Unit 03 Palm Springs, CA	2.0	1.0	500	$1,599	$3.20	17d	1	1.21mi
508 S Desert View Dr Palm Springs, CA	1.0	1.0	750	$1,845	$2.46	44d	1	1.25mi
579 Highland Dr Apt 4 Palm Springs, CA	1.0	1.0	558	$1,399	$2.51	44d	1	1.26mi
562 Highland Dr Palm Springs, CA	1.0	1.0	630	$1,595	$2.53	8d	1	1.29mi
540 S Mountain View Dr Unit 546 Palm Springs, CA	1.0	1.0	450	$1,495	$3.32	44d	1	1.40mi
587 El Placer Rd Palm Springs, CA	1.0	1.0	550	$1,750	$3.18	44d	1	1.41mi

Listing history 15 events

1. 2026-06-18
   days on market $139,000 Active 23 DOM
2. 2026-06-17
   days on market $139,000 Active 22 DOM
3. 2026-06-16
   days on market $139,000 Active 21 DOM
4. 2026-06-15
   days on market $139,000 Active 20 DOM
5. 2026-06-13
   days on market $139,000 Active 18 DOM
6. 2026-06-13
   days on market $139,000 Active 17 DOM
7. 2026-06-09
   days on market $139,000 Active 14 DOM
8. 2026-06-08
   days on market $139,000 Active 13 DOM
9. 2026-06-07
   days on market $139,000 Active 12 DOM
10. 2026-06-04
    days on market $139,000 Active 9 DOM
11. 2026-06-03
    days on market $139,000 Active 8 DOM
12. 2026-06-02
    days on market $139,000 Active 7 DOM
13. 2026-06-01
    days on market $139,000 Active 6 DOM
14. 2026-05-31
    days on market $139,000 Active 5 DOM
15. 2026-05-26
    listed $139,000 Active

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 47% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 8 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,123
• − Mortgage interest: −$7,786
• − Property taxes: −$2,085
• − Insurance: −$695
• − Repairs & maintenance: −$1,930
• − Management: −$1,930
• − Depreciation: −$4,044
• Taxable income: $5,653
• Est. tax owed @ 24.0%: −$1,357
• After-tax cash flow: $6,173/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 — Palm Springs

• Score: 66/100
• State rank: #348
• US rank: #11850

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Springs, CA
• County: Riverside County · 2,287,001 people
• City population: 46,786
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 19,899
• Household income: $77,688
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1215.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 20% Two or more races 12% Asian 6% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 3%
• Foreign-born: 16% · Canada, China, South Korea
• Languages at home: 81% English-only · Spanish 13% Tagalog/Filipino 2% 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: ▼ -489.04%
• Current HPI: 357.0969
• Rent YoY: ▼ -0.43%
• 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

1 event — show timeline

• 2026-05-26 Listed $139,000 FSBO.com

Property tax history

+10.4%/yr

Latest (2025): $191 · +18.9% YoY. Source: county tax records.