353 Andorra Way · Cathedral City, CA 92234

$163,500

2 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 109 Days on market

Built 1975 $131/sqft · 64% above area Est $115k · 42% over

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Why this score? — see what drove the C+ 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
• 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
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

From relaxing mornings with coffee to evening cocktail parties, the spectacular views at this move-in-ready Cathedral City home provide an ideal backdrop for every occasion. Stretching directly across lush fairways and the largest lake at Date Palm Country Club, views reach the summit of Mount San Jacinto and frame stunning sunsets. Enjoyed from indoors and a private backyard with lawn and covered patio, the panoramic vistas complement a double-wide manufactured home that spans approximately 1,440 square feet and presents two bedrooms and two baths. Remodeled and fully furnished, the residence now features drywall in place of paneling on all walls and ceilings, woodgrain laminate flooring, fresh paint and an open floorplan. Free flowing living and dining areas offer seamless access to a custom kitchen with white cabinetry, preferred stainless steel appliances, new countertops, a full tile backsplash and movable butcher-block island with seating. Baths display new vanities, new sinks, and new showers with fashionable tile surrounds and frameless roller-style glass doors. Two sinks, a rain shower and walk-in closet are showcased in the private primary suite. Designer lighting fixtures, recessed LED lighting, a front-loading washer and dryer set, and upscale furnishings are also included. Outdoors, a covered carport is located to the left of the home, and on the right, a gated patio wraps around to the backyard. Reserved for homeowners 55 and better, the guard gated Date Palm Country Club reveals a resort setting with 18-hole golf course, full-featured pro shop, newly remodeled luxury clubhouse, a popular restaurant, three pools and spas, tennis and pickleball courts, a fitness center, dog park, library/meeting room, and scenic greenbelts and lakes. Restaurants, shopping, theaters, a casino and recreational attractions are moments from home, and Palm Springs and Rancho Mirage are equally convenient.

Key facts

• Fully remodeled
• Panoramic vistas
• Private backyard

Tags

• SPECTACULAR VIEWS
• LARGEST LAKE
• PANORAMIC VISTAS
• PRIVATE BACKYARD
• DOUBLE-WIDE MANUFACTURED HOME
• FULLY REMODELED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $164k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $164k).
• Recommended offer: $149k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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); 525 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 $2,771/mo this rent would consume 45% of the median local household income ($74k/yr) (locally 1682% 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 $1k of loan paydown is wiped out by about $5k 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 $46k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y ago 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.
• Current owner paid $99k; list at $164k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,785 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.69% ✓
• Cap rate: 14.07%
• Cash-on-cash: 27.77%
• DSCR: 2.24
• GRM: 4.9

CMA / ARV

• ARV (median comp): $115,113
• List price: $163,500
• Delta: 42.03%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
521 Calle Madrigal	0.17mi	2/2.0	1,152 (-8%)	4mo	$83,999	$73	76
364 Avenida Andorra	0.05mi	3/2.0 (+1)	1,152 (-8%)	10mo	$212,000	$184	72
354 Andorra Way	0.11mi	2/2.0	1,344 (+8%)	13mo	$240,000	$179	71
490 Calle Madrigal	0.17mi	3/2.0 (+1)	1,296 (+4%)	18mo	$105,000	$81	66
478 Calle Madrigal	0.23mi	2/2.0	1,344 (+8%)	14mo	$184,000	$137	65
33 Belmont	0.28mi	2/2.0	1,152 (-8%)	19mo	$89,000	$77	58
80 Santa Anita St	0.31mi	3/2.0 (+1)	1,176 (-6%)	17mo	$198,000	$168	57
246 S Paseo Laredo	0.37mi	3/2.0 (+1)	1,104 (-12%)	2mo	$65,000	$59	57
171 Tanforan	0.31mi	3/2.0 (+1)	1,400 (+12%)	9mo	$185,000	$132	53
204 Golden State St	0.25mi	3/2.0 (+1)	1,100 (-12%)	21mo	$59,000	$54	46
65 Golden State St	0.38mi	3/2.0 (+1)	1,344 (+8%)	23mo	$180,000	$134	46
270 Pimlico	0.47mi	3/2.0 (+1)	1,344 (+8%)	23mo	$148,000	$110	41

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 · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 22.1%
• Equity multiple: 1.91×
• Total profit: $41,627
• Equity at exit: $24,378

10-year hold

• IRR: 30.3%
• Equity multiple: 3.75×
• Total profit: $125,823
• Equity at exit: $14,136

Cash invested: $45,780 (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: 525
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,771 high
• Mortgage (P&I): −$857
• Tax est. 1.5%: −$204 /mo · $2,452/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$582
• Net cashflow: $1,059

Break-even live

Break-even rent $1,430

Max offer price $163,500

Occupancy floor 57%

Sensitivity live

Price	-10% $1,172	-5% $1,116	+0% $1,059	+5% $1,003	+10% $946
Rent	-10% $840	-5% $950	+0% $1,059	+5% $1,169	+10% $1,278
Rate	-1.0pp $1,142	-0.5pp $1,101	base $1,059	+0.5pp $1,017	+1.0pp $974

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: $40,875
• Closing costs: $4,905
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37800 Da Vall Dr #12 Rancho Mirage, CA	2.0	2.0	1387	$2,400	$1.73	44d	1	0.29mi
251 S Paseo Laredo Cathedral City, CA	2.0	2.0	1440	$2,400	$1.67	44d	1	0.36mi
251 S Paseo Laredo Unit 251 Cathedral City, CA	1.0	2.0	1440	$2,550	$1.77	25d	1	0.36mi
70170 Sun Valley Dr Rancho Mirage, CA	2.0	2.0	1368	$3,800	$2.78	5d	1	0.39mi
36040 Avenida de las Montanas Unit E Cathedral City, CA	2.0	2.0	1220	$3,200	$2.62	44d	1	0.80mi
152 Estrada Way #152 Cathedral City, CA	2.0	2.0	1500	$2,200	$1.47	44d	1	0.97mi
38 Mission Ct Rancho Mirage, CA	3.0	3.0	1382	$3,500	$2.53	44d	1	0.98mi
35 Mission Ct Rancho Mirage, CA	3.0	2.0	1382	$4,125	$2.98	44d	1	0.98mi
68695 F St Cathedral City, CA	3.0	2.5	896	$2,500	$2.79	44d	1	1.12mi
35054 Mission Hills Dr Rancho Mirage, CA	2.0	2.0	1396	$2,549	$1.83	5d	1	1.13mi
70260 California 111 #24 Rancho Mirage, CA	2.0	1.0	836	$1,550	$1.85	44d	1	1.18mi
39905 Estates Rd Unit 3 Rancho Mirage, CA	2.0	2.0	1000	$1,800	$1.80	25d	1	1.19mi
39955 Estates Rd Apt 11 Rancho Mirage, CA	2.0	2.0	1000	$2,395	$2.40	5d	1	1.23mi
35615 Paseo Circulo E Cathedral City, CA	1.0	2.0	1029	$2,250	$2.19	44d	1	1.25mi
69200 Nilda Dr Cathedral City, CA	3.0	2.0	1330	$2,495	$1.88	22d	1	1.32mi
68859 Paseo Real Cathedral City, CA	2.0	2.0	1406	$3,960	$2.82	15d	1	1.43mi
68859 Paseo Real Cathedral City, CA	2.0	2.0	1406	$3,960	$2.82	44d	1	1.43mi
34750 Marcia Rd Unit 02 Cathedral City, CA	3.0	2.0	1325	$2,000	$1.51	18d	1	1.48mi

Listing history 21 events

1. 2026-06-07
   status $163,500 Pending 109 DOM
2. 2026-06-04
   days on market $163,500 Backup Offers Accepted 109 DOM
3. 2026-06-03
   days on market $163,500 Backup Offers Accepted 108 DOM
4. 2026-06-02
   days on market $163,500 Backup Offers Accepted 107 DOM
5. 2026-06-01
   days on market $163,500 Backup Offers Accepted 106 DOM
6. 2026-05-31
   days on market $163,500 Backup Offers Accepted 105 DOM
7. 2026-05-17
   historical Backup Offers Accepted 1929-char remark

   Show marketing remark (1929 chars)

   From relaxing mornings with coffee to evening cocktail parties, the spectacular views at this move-in-ready Cathedral City home provide an ideal backdrop for every occasion. Stretching directly across lush fairways and the largest lake at Date Palm Country Club, views reach the summit of Mount San Jacinto and frame stunning sunsets. Enjoyed from indoors and a private backyard with lawn and covered patio, the panoramic vistas complement a double-wide manufactured home that spans approximately 1,440 square feet and presents two bedrooms and two baths. Remodeled and fully furnished, the residence now features drywall in place of paneling on all walls and ceilings, woodgrain laminate flooring, fresh paint and an open floorplan. Free flowing living and dining areas offer seamless access to a custom kitchen with white cabinetry, preferred stainless steel appliances, new countertops, a full tile backsplash and movable butcher-block island with seating. Baths display new vanities, new sinks, and new showers with fashionable tile surrounds and frameless roller-style glass doors. Two sinks, a rain shower and walk-in closet are showcased in the private primary suite. Designer lighting fixtures, recessed LED lighting, a front-loading washer and dryer set, and upscale furnishings are also included. Outdoors, a covered carport is located to the left of the home, and on the right, a gated patio wraps around to the backyard. Reserved for homeowners 55 and better, the guard gated Date Palm Country Club reveals a resort setting with 18-hole golf course, full-featured pro shop, newly remodeled luxury clubhouse, a popular restaurant, three pools and spas, tennis and pickleball courts, a fitness center, dog park, library/meeting room, and scenic greenbelts and lakes. Restaurants, shopping, theaters, a casino and recreational attractions are moments from home, and Palm Springs and Rancho Mirage are equally convenient.

8. 2026-04-14
   price $163,500 1929-char remark

   Show marketing remark (1929 chars)

   From relaxing mornings with coffee to evening cocktail parties, the spectacular views at this move-in-ready Cathedral City home provide an ideal backdrop for every occasion. Stretching directly across lush fairways and the largest lake at Date Palm Country Club, views reach the summit of Mount San Jacinto and frame stunning sunsets. Enjoyed from indoors and a private backyard with lawn and covered patio, the panoramic vistas complement a double-wide manufactured home that spans approximately 1,440 square feet and presents two bedrooms and two baths. Remodeled and fully furnished, the residence now features drywall in place of paneling on all walls and ceilings, woodgrain laminate flooring, fresh paint and an open floorplan. Free flowing living and dining areas offer seamless access to a custom kitchen with white cabinetry, preferred stainless steel appliances, new countertops, a full tile backsplash and movable butcher-block island with seating. Baths display new vanities, new sinks, and new showers with fashionable tile surrounds and frameless roller-style glass doors. Two sinks, a rain shower and walk-in closet are showcased in the private primary suite. Designer lighting fixtures, recessed LED lighting, a front-loading washer and dryer set, and upscale furnishings are also included. Outdoors, a covered carport is located to the left of the home, and on the right, a gated patio wraps around to the backyard. Reserved for homeowners 55 and better, the guard gated Date Palm Country Club reveals a resort setting with 18-hole golf course, full-featured pro shop, newly remodeled luxury clubhouse, a popular restaurant, three pools and spas, tennis and pickleball courts, a fitness center, dog park, library/meeting room, and scenic greenbelts and lakes. Restaurants, shopping, theaters, a casino and recreational attractions are moments from home, and Palm Springs and Rancho Mirage are equally convenient.

9. 2026-02-15
   listed $169,800 Active 1929-char remark

   Show marketing remark (1929 chars)

   From relaxing mornings with coffee to evening cocktail parties, the spectacular views at this move-in-ready Cathedral City home provide an ideal backdrop for every occasion. Stretching directly across lush fairways and the largest lake at Date Palm Country Club, views reach the summit of Mount San Jacinto and frame stunning sunsets. Enjoyed from indoors and a private backyard with lawn and covered patio, the panoramic vistas complement a double-wide manufactured home that spans approximately 1,440 square feet and presents two bedrooms and two baths. Remodeled and fully furnished, the residence now features drywall in place of paneling on all walls and ceilings, woodgrain laminate flooring, fresh paint and an open floorplan. Free flowing living and dining areas offer seamless access to a custom kitchen with white cabinetry, preferred stainless steel appliances, new countertops, a full tile backsplash and movable butcher-block island with seating. Baths display new vanities, new sinks, and new showers with fashionable tile surrounds and frameless roller-style glass doors. Two sinks, a rain shower and walk-in closet are showcased in the private primary suite. Designer lighting fixtures, recessed LED lighting, a front-loading washer and dryer set, and upscale furnishings are also included. Outdoors, a covered carport is located to the left of the home, and on the right, a gated patio wraps around to the backyard. Reserved for homeowners 55 and better, the guard gated Date Palm Country Club reveals a resort setting with 18-hole golf course, full-featured pro shop, newly remodeled luxury clubhouse, a popular restaurant, three pools and spas, tennis and pickleball courts, a fitness center, dog park, library/meeting room, and scenic greenbelts and lakes. Restaurants, shopping, theaters, a casino and recreational attractions are moments from home, and Palm Springs and Rancho Mirage are equally convenient.

10. 2026-01-27
    price
11. 2026-01-01
    listed Active
12. 2025-10-31
    price
13. 2025-09-15
    listed Active
14. 2022-04-29
    soldstatus $99,000 Sold
15. 2022-04-13
    historical Backup Offers Accepted
16. 2022-04-09
    listed $99,000 Active
17. 2012-01-01
    historical
18. 2011-12-05
    price $8,900
19. 2011-12-05
    price $10,000
20. 2011-08-26
    price $15,000
21. 2011-07-29
    listed $27,500 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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥113°F today · 21 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: $33,253
• − Mortgage interest: −$9,159
• − Property taxes: −$2,452
• − Insurance: −$818
• − Repairs & maintenance: −$2,660
• − Management: −$2,660
• − Depreciation: −$4,756
• Taxable income: $10,748
• Est. tax owed @ 24.0%: −$2,579
• After-tax cash flow: $10,132/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

+494.5% since first listed

15 events — show timeline

• 2026-05-17 Contingent — TheMLS
• 2026-04-14 Price Changed $163,500 TheMLS
• 2026-02-15 Listed $169,800 TheMLS
• 2026-01-27 Price Changed — TheMLS
• 2026-01-01 Listed — TheMLS
• 2025-10-31 Price Changed — TheMLS
• 2025-09-15 Listed — TheMLS
• 2022-04-29 Sold (MLS) $99,000 TheMLS
• 2022-04-13 Contingent — TheMLS
• 2022-04-09 Listed $99,000 TheMLS
• 2012-01-01 Listing Removed — GPSMLS
• 2011-12-05 Price Changed $8,900 GPSMLS
• 2011-12-05 Price Changed $10,000 GPSMLS
• 2011-08-26 Price Changed $15,000 GPSMLS
• 2011-07-29 Listed $27,500 GPSMLS

Property tax history

-8.8%/yr

Latest (2025): $105 · -0.6% YoY. Source: county tax records.