2203 Via Calderia #2203 · Palm Desert, CA 92260

$299,900

1 bd · 1.5 ba · 1,183 sqft · Condo · 55 Days on market

Built 2015 Good condition $991/mo HOA · 27% of rent ↓ 6% 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).

• Cash flow +11.1/30.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Condition / age +4.0/5.0
• Schools +3.8/10.0
• DSCR +3.2/10.0
• Rent growth +2.9/5.0
• Livability +2.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Via Portofino in Palm Desert, a premier 55+ Community! This ground-level, upgraded 1 bedroom, 2 bathroom home offers a bright, open layout with soaring ceilings, plenty of natural light throughout, and modern finishes. Open floorplan, including a versatile den, ideal for a home office or additional living space, along with a private patio for outdoor relaxation. The custom kitchen includes quartz countertops, a large island, and stainless steel appliances. The primary suite offers a dual vanity, a custom walk-in shower and a spacious walk-in closet, . Enjoy a spacious two-car garage! HOA fees include water, internet, premium cable TV, and earthquake insurance. Low utilities due t

Key facts

• Custom kitchen
• Quartz countertops
• Private patio

Tags

• GROUND-LEVEL
• PRIVATE PATIO
• CUSTOM KITCHEN
• QUARTZ COUNTERTOPS
• LARGE ISLAND
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Disclosures include CC&R, planned development, and homeowners association documents
• Financial info: Listing terms: cash or cash to new loan; Short term rentals not allowed; Will not consider lease
• HOA & community: Monthly association dues (approx. $991); Association covers building & grounds, trash, maintenance, insurance (including earthquake), cable TV; Community amenities include clubhouse, fitness center, bocce ball court, billiard/card rooms, recreation/meeting rooms, banquet facilities, guest parking, fire pit, elevators, management, maintenance grounds, controlled access; Senior community

Exterior

• Parking: Attached garage with 2 spaces; Direct entrance; Garage door opener
• Security: Controlled access (gated community); Concierge
• Utilities: Water provided by Coachella Valley Water District; Sewer connected and paid; Cable TV available
• Home design: Mediterranean style condominium; One story (ground level); Attached property; Updated / remodeled condition; Tile roof; Stucco exterior
• Construction: Stucco construction; Tile roof; In-ground gunite community pool and spa; Built (year source: assessor)
• Exterior features: Gated community; Covered, enclosed concrete slab patio; Sprinkler system; Community pool and heated in-ground spa

Interior

• Kitchen: Island; Quartz counters; Remodeled kitchen; Gas range; Gas oven; Microwave; Refrigerator; Dishwasher; Disposal
• Bedrooms: Master suite with walk-in closet
• Flooring: Carpet; Tile
• Bathrooms: Remodeled bath(s) with double vanity(s) and tile shower; One 3/4 bath; One 1/4 bath
• Heating & cooling: Central heating (forced air) with natural gas; Central air conditioning; Ceiling fan(s)
• Interior features: High ceilings (9 ft+); Recessed lighting; Open floorplan; Laundry-closet stack; Blinds and shutters
• Laundry & utility: Stacked washer and dryer in closet; Dryer; Washer

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $300k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-122 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $282k (5.9% below list).
• Meets the 1% rule at list price ($4k rent vs $300k).
• Recommended offer: $282k (5.9% below list) — sets the bar for cash-flow.
• Cap rate 5.8% vs local median 3.4% in Palm Desert — 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 (#1,050 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment B+, housing B; Watch: crime D, amenities F, commute 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.
• Zoned schools: James Earl Carter Elementary (516 students, 53% FRL); Colonel Mitchell Paige Middle (math 10% / reading 10%, grade F, #474 of 498 statewide, top 99%, 436 students, 74% FRL); Palm Desert High (math 42% / reading 67%, grade C-, #256 of 1,170 statewide, top 24%, 2,050 students, 57% FRL).
• Market conditions: Rents rising (+1.6%/yr); 551 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• At $3,724/mo this rent would consume 64% of the median local household income ($70k/yr) (locally 1734% 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 $2k of loan paydown is wiped out by about $9k 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 55 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $282,296 (5.9% 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 55 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.24% ✓
• Cap rate: 5.81%
• Cash-on-cash: -1.74%
• DSCR: 0.92
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.6% rent growth · sell at horizon

5-year hold

• IRR: -21.3%
• Equity multiple: 0.28×
• Total profit: $-60,854
• Equity at exit: $44,716

10-year hold

• IRR: -19.9%
• Equity multiple: 0.04×
• Total profit: $-80,906
• Equity at exit: $25,930

Cash invested: $83,972 (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 92260

• Rents YoY: 1.6%
• Active inventory: 551
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $3,724 high
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,498/yr
• Insurance: −$125
• HOA: −$991
• Vacancy / Maint / Mgmt: −$782
• Net cashflow: $-122

Break-even live

Break-even rent $3,878

Max offer price $282,296

Occupancy floor 98%

Sensitivity live

Price	-10% $86	-5% $-18	+0% $-122	+5% $-225	+10% $-329
Rent	-10% $-416	-5% $-269	+0% $-122	+5% $25	+10% $173
Rate	-1.0pp $29	-0.5pp $-45	base $-122	+0.5pp $-199	+1.0pp $-278

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
40445 Portola Ave Palm Desert, CA	1.0–2.0	1.0–2.0	975	$2,100	$2.15	0d	16	0.15mi
1 Marbella Ln Palm Desert, CA	2.0	2.0	1080	$4,500	$4.17	45d	1	0.32mi
191 Winterhaven Cir Palm Desert, CA	2.0	1.5	1250	$2,800	$2.24	45d	1	0.34mi
166 Wimbledon Ct Palm Desert, CA	2.0	2.0	1250	$3,200	$2.56	45d	1	0.37mi
74300 Country Club Dr Apt 5001 Palm Desert, CA	2.0	2.0	1099	$7,120	$6.48	45d	1	0.45mi
74300 Country Club Dr Unit 366 Palm Desert, CA	2.0	2.0	1140	$7,170	$6.29	45d	1	0.45mi
73373 Country Club Dr Palm Desert, CA	1.0–2.0	1.0–2.0	852	$1,830	$2.15	45d	1	0.46mi
150 Willow Lake Dr Palm Desert, CA	2.0	2.0	1138	$2,500	$2.20	45d	1	0.47mi
206 Lakecrest Ln Palm Desert, CA	2.0	2.0	1138	$2,300	$2.02	13d	1	0.51mi
365 San Remo St Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.56mi
336 Villena Way Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.58mi
337 Villena Way Palm Desert, CA	2.0	2.0	1303	$5,000	$3.84	45d	1	0.62mi
430 S Sierra Madre Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.67mi
248 Strada Fortuna Palm Desert, CA	2.0	2.0	1400	$2,500	$1.79	45d	1	0.76mi
205 Las Lomas Palm Desert, CA	2.0	2.0	1457	$6,000	$4.12	45d	1	0.79mi
314 Gran Via Ct Palm Desert, CA	2.0	1.5	1303	$4,700	$3.61	45d	1	0.83mi
38520 Poppet Canyon Dr Palm Desert, CA	2.0	2.0	1392	$3,700	$2.66	45d	1	0.92mi
347 Gran Via Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.94mi
74401 Hovley Lane East Palm Desert, CA	1.0–3.0	1.0–2.0	1042	$2,066	$1.98	0d	22	1.00mi
320 Paseo Primavera Palm Desert, CA	2.0	2.0	1303	$3,000	$2.30	45d	1	1.02mi
240 Santa Barbara Cir Palm Desert, CA	2.0	2.0	1457	$6,000	$4.12	25d	1	1.04mi
73075 Buck Springs Dr Palm Desert, CA	2.0	2.0	1440	$1,950	$1.35	45d	1	1.05mi
203 Serena Dr Palm Desert, CA	2.0	2.0	1303	$3,000	$2.30	4d	1	1.08mi
221 Serena Dr Palm Desert, CA	2.0	2.0	1347	$5,500	$4.08	45d	1	1.10mi
242 Serena Dr Palm Desert, CA	2.0	2.0	1347	$5,300	$3.93	45d	1	1.11mi
280 Tolosa Cir Palm Desert, CA	2.0	2.0	1347	$6,000	$4.45	25d	1	1.12mi
280 Tolosa Cir Palm Desert, CA	2.0	2.0	1347	$6,000	$4.45	45d	1	1.12mi
281 Tolosa Cir Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	1.15mi
21 Don Quixote Dr Rancho Mirage, CA	2.0	2.0	1270	$4,000	$3.15	25d	1	1.21mi
74036 Mercury Cir W Palm Desert, CA	2.0	2.0	1440	$2,800	$1.94	45d	1	1.27mi
291 Serena Dr Palm Desert, CA	2.0	1.5	1303	$5,300	$4.07	45d	1	1.28mi
68 El Toro Dr Rancho Mirage, CA	2.0	2.0	1381	$4,000	$2.90	25d	1	1.29mi
289 Castellana N Palm Desert, CA	2.0	2.0	1457	$3,000	$2.06	25d	1	1.29mi
781 Montana Vista Dr Palm Desert, CA	2.0	2.0	1330	$6,000	$4.51	45d	1	1.31mi
101 Avellino Cir Palm Desert, CA	2.0	2.0	1500	$3,000	$2.00	23d	1	1.34mi
235 Via Rengo Palm Desert, CA	2.0	2.0	1042	$2,600	$2.50	45d	1	1.39mi
257 Calle del Verano Palm Desert, CA	2.0	2.0	1303	$5,300	$4.07	45d	1	1.39mi
259 Calle del Verano Palm Desert, CA	2.0	2.0	1303	$5,200	$3.99	45d	1	1.39mi
116 Avellino Cir Palm Desert, CA	2.0	2.0	1426	$6,200	$4.35	45d	1	1.39mi
36 El Toro Dr Rancho Mirage, CA	2.0	2.0	1270	$4,000	$3.15	25d	1	1.40mi

HOA detail condo

• Monthly dues: $991 · $11,892/yr
• Likely covers: waterinternetcable
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-21
   days on market $299,900 Active 55 DOM
2. 2026-06-18
   days on market $299,900 Active 52 DOM
3. 2026-06-17
   days on market $299,900 Active 51 DOM
4. 2026-06-16
   days on market $299,900 Active 50 DOM
5. 2026-06-15
   days on market $299,900 Active 49 DOM
6. 2026-06-13
   days on market $299,900 Active 47 DOM
7. 2026-06-09
   days on market $299,900 Active 43 DOM
8. 2026-06-08
   days on market $299,900 Active 42 DOM
9. 2026-06-07
   days on market $299,900 Active 41 DOM
10. 2026-06-04
    days on market $299,900 Active 38 DOM
11. 2026-06-03
    days on market $299,900 Active 37 DOM
12. 2026-06-02
    days on market $299,900 Active 36 DOM
13. 2026-06-01
    days on market $299,900 Active 35 DOM
14. 2026-05-31
    days on market $299,900 Active 34 DOM
15. 2026-05-09
    price $299,900 1210-char remark
16. 2026-05-08
    price $314,990 1210-char remark
17. 2026-03-31
    listed $319,500 Active 1210-char remark

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥114°F today · 19 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: $44,687
• − Mortgage interest: −$16,799
• − Property taxes: −$4,498
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,575
• − Management: −$3,575
• − HOA: −$11,892
• − Depreciation: −$8,724
• Taxable loss: −$5,877
• Est. tax savings @ 24.0%: +$1,410
• After-tax cash flow: $-50/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.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

This well-maintained and updated condo in Via Portofino offers a good condition with a good ROI potential for both resale and rental.

Value-add opportunities

• Both Painting the interior walls — Fresh paint can enhance the overall appearance and value of the home.
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract more potential buyers/tenants.
• Rental Upgrading the ceiling fans — Modern ceiling fans can improve air circulation and comfort in the living areas.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the interior walls — Fresh paint can enhance the overall appearance and value of the home. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract more potential buyers/tenants. ↑
• Rental Upgrading the ceiling fans — Modern ceiling fans can improve air circulation and comfort in the living areas. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Palm Desert

• Score: 51/100
• State rank: #1050
• US rank: #25164

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Desert, CA
• County: Riverside County · 2,287,001 people
• City population: 58,615
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 30,523
• Household income: $70,091
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1734.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 31% Two or more races 20% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Italian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, South Korea, Vietnam
• Languages at home: 73% English-only · Spanish 22% French/Haitian/Cajun 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: ▼ -364.94%
• Current HPI: 294.9425
• Rent YoY: ▲ 1.60%
• 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

-6.1% since first listed

3 events — show timeline

• 2026-05-09 Price Changed $299,900 GPSMLS
• 2026-05-08 Price Changed $314,990 GPSMLS
• 2026-03-31 Listed $319,500 GPSMLS