142 Paseo Bravo · Palm Desert, CA 92211

$369,900

2 bd · 2.0 ba · 1,465 sqft · Condo public records · 4 Days on market

Built 2008 $545/mo HOA · 14% of rent

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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 +13.1/30.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• DSCR +3.9/10.0
• Schools +2.7/10.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spectacular Villa Condo @ Spanish Walk! This beautiful home features upgraded wood style flooring through out, 2 bedrooms, plus den/office/dining room or 3rd guest bedroom, 2 baths, maple cabinets, granite surfaces, down lighting, stainless appliances, washer/dryer, custom window coverings, french doors that open to your own large private balcony, two car garage with storage. Spanish Walk offers a community gym, 3 pools & spas, club house, play grounds, parks, billiard room, kids water play area and all within this wonderful gated development. Come see this stunning condo today and live the resort life you deserve!

Key facts

• Fitness center
• Slab counter tops
• New electric oven

Tags

• SLAB COUNTER TOPS
• NEW ELECTRIC OVEN
• RESORT STYLE AMENITIES
• 3 POOLS
• FITNESS CENTER
• EL PASEO DINING

Property features AI

Finance

• Other: Community contains about 390 units; Access via paved city streets; Located in subdivision Spanish Walk
• HOA & community: Part of an association (Management Trust); Monthly association fee ($225) and secondary fee ($320); Onsite property management; Front yard maintenance provided; Playground; Clubhouse; Trash service; Call for association rules

Exterior

• Parking: Attached garage; Direct garage access; 2 garage spaces (2 total parking spaces)
• Security: Card/code access; Smoke detector; Controlled access (association)
• Utilities: Public sewer; District/public water; Sewer connected; Water connected; Electricity connected
• Home design: Multi-family property; Attached property; Planned development; Two-story; Two levels; Has view; Entry on first floor
• Construction: Slate roof; Repairs cosmetic
• Exterior features: Community/association pool; Association spa; Landscaped; Street lighting; Sidewalks; Suburban setting

Interior

• Kitchen: 6-burner stove; Electric oven; Electric stove; Microwave; Refrigerator; Water line to refrigerator; Dishwasher; Garbage disposal; Breakfast nook
• Bedrooms: Primary bedroom (main floor); Additional main floor bedroom; 2 bedrooms on main level
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom; Tile counters; Shower in tub; Bathtub
• Heating & cooling: Central furnace heating; Central cooling
• Interior features: Balcony; Unfurnished; High ceilings (9+ ft); Ceiling fan; Open floor plan; Granite counters; Sliding glass door(s); First floor entry
• Laundry & utility: Washer included; Dryer included; Has laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $370k.

Deal economics

• At list price, monthly cash flow is $-12 ($-145/yr) — negative.
• To cash-flow at today's rent, offer at most $368k (0.6% below list).
• Meets the 1% rule at list price ($4k rent vs $370k).
• Recommended offer: $368k (0.6% below list) — sets the bar for cash-flow.
• Cap rate 6.3% vs local median 3.5% 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.
• 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.
• Zoned schools: Palm Springs High (math 30% / reading 51%, grade F, #508 of 1,170 statewide, top 44%, 1,584 students, 97% FRL) — zoned schools average 97% FRL vs 73% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.3%/yr); 626 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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 $3,826/mo this rent would consume 52% of the median local household income ($88k/yr) (locally 1181% 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 $3k of loan paydown is wiped out by about $11k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y ago; this cycle's ask is 51% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $238k; list at $370k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $367,761 (0.6% 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. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.03% ✓
• Cap rate: 6.25%
• Cash-on-cash: -0.14%
• DSCR: 0.99
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.5%
• Equity multiple: 0.31×
• Total profit: $-71,570
• Equity at exit: $55,153

10-year hold

• IRR: -24.6%
• Equity multiple: -0.02×
• Total profit: $-105,214
• Equity at exit: $31,982

Cash invested: $103,572 (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 92211

• Rents YoY: -0.3%
• Active inventory: 626
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $3,826 high
• Mortgage (P&I): −$1,940
• Tax from tax record: −$395 /mo · $4,744/yr
• Insurance: −$154
• HOA: −$545
• Vacancy / Maint / Mgmt: −$803
• Net cashflow: $-12

Break-even live

Break-even rent $3,841

Max offer price $367,761

Occupancy floor 95%

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: $92,475
• Closing costs: $11,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
194 Paseo Bravo Palm Desert, CA	2.0	3.0	1307	$2,500	$1.91	43d	1	0.02mi
245 Paseo Gregario Palm Desert, CA	2.0	2.0	1602	$2,700	$1.69	43d	1	0.06mi
520 Calle Vibrante Unit 520 Palm Desert, CA	3.0	6.0	1873	$4,000	$2.14	43d	1	0.24mi
510 Calle Vibrante Palm Desert, CA	3.0	2.5	1624	$2,695	$1.66	17d	1	0.26mi
635 Calle Vibrante Palm Desert, CA	3.0	2.5	1574	$2,800	$1.78	43d	1	0.28mi
607 Calle Vibrante Palm Desert, CA	3.0	2.0	1873	$2,895	$1.55	43d	1	0.30mi
607 Calle Vibrante Palm Desert, CA	3.0	2.5	1873	$2,795	$1.49	23d	1	0.30mi
432 Desert Falls Dr N Palm Desert, CA	3.0	2.5	1814	$4,800	$2.65	43d	1	0.42mi
413 Desert Falls Dr N Palm Desert, CA	2.0	2.0	1330	$6,200	$4.66	43d	1	0.43mi
474 Evergreen Ash Palm Desert, CA	2.0	2.0	1330	$2,850	$2.14	24d	1	0.51mi
38061 Crocus Ln Palm Desert, CA	2.0	2.5	1515	$5,000	$3.30	43d	1	0.52mi
491 Desert Falls Dr N Palm Desert, CA	2.0	2.0	1360	$6,500	$4.78	43d	1	0.57mi
38780 Tandika Trl N Palm Desert, CA	2.0	2.0	1815	$3,900	$2.15	43d	1	0.71mi
274 Vista Royale Cir E Palm Desert, CA	3.0	2.5	1814	$2,900	$1.60	24d	1	0.71mi
319 Vista Royale Dr Palm Desert, CA	3.0	2.5	1814	$2,900	$1.60	43d	1	0.72mi
551 Desert Falls Dr E Palm Desert, CA	2.0	2.0	1330	$5,500	$4.14	43d	1	0.73mi
270 Vista Royale Cir E Palm Desert, CA	3.0	2.5	1814	$3,250	$1.79	43d	1	0.73mi
270 Vista Royale Cir E Palm Desert, CA	3.0	2.5	1814	$3,250	$1.79	5d	1	0.73mi
272 Desert Falls Dr E Palm Desert, CA	2.0	2.0	1330	$6,250	$4.70	43d	1	0.78mi
38941 Kilimanjaro Dr Palm Desert, CA	2.0	2.0	1731	$7,000	$4.04	43d	1	0.80mi
259 Vista Royale Cir W Palm Desert, CA	2.0	2.0	1330	$5,600	$4.21	43d	1	0.85mi
248 Vista Royale Cir W Palm Desert, CA	2.0	2.0	1330	$4,999	$3.76	43d	1	0.86mi
127 Villa Ct Palm Desert, CA	2.0	2.0	1330	$6,800	$5.11	43d	1	0.88mi
139 Villa Ct Palm Desert, CA	2.0	2.0	1330	$6,200	$4.66	43d	1	0.89mi
221 Vista Royale Cir E Palm Desert, CA	2.0	2.0	1360	$5,900	$4.34	24d	1	0.89mi
237 Vista Royale Cir W Palm Desert, CA	3.0	2.5	1814	$6,200	$3.42	43d	1	0.91mi
156 Falls Ct Palm Desert, CA	3.0	2.5	1814	$6,000	$3.31	43d	1	0.92mi
221 Vista Royale Cir W Palm Desert, CA	2.0	2.5	1360	$5,900	$4.34	24d	1	0.93mi
37600 College Dr Palm Desert, CA	1.0–3.0	1.0–2.5	1195	$2,458	$2.06	1d	21	0.95mi
216 Desert Falls Dr E Palm Desert, CA	2.0	2.0	1330	$3,250	$2.44	43d	1	0.96mi
651 Vista Lago Cir N Palm Desert, CA	2.0	2.0	1330	$5,700	$4.29	43d	1	0.97mi
709 Vista Lago Cir N Palm Desert, CA	2.0	2.0	1360	$2,700	$1.99	43d	1	1.00mi
207 Desert Falls Cir Palm Desert, CA	2.0	2.0	1330	$6,200	$4.66	43d	1	1.00mi
199 Desert Falls Dr E Palm Desert, CA	2.0	2.0	1330	$6,200	$4.66	43d	1	1.02mi
187 Desert Falls Cir Palm Desert, CA	3.0	2.5	1814	$5,999	$3.31	43d	1	1.06mi
189 Desert Falls Cir Palm Desert, CA	2.0	2.5	1814	$6,500	$3.58	43d	1	1.06mi
182 Desert Falls Cir Palm Desert, CA	2.0	2.0	1330	$6,200	$4.66	43d	1	1.08mi
41515 Stanford Rd Palm Desert, CA	3.0	3.0	1725	$2,895	$1.68	24d	1	1.09mi
38613 Wisteria Dr Palm Desert, CA	2.0	2.0	1550	$6,875	$4.44	3d	1	1.10mi
164 Desert Falls Dr E Palm Desert, CA	2.0	2.0	1330	$3,000	$2.26	43d	1	1.12mi

HOA detail condo

• Monthly dues: $545 · $6,540/yr
• Likely covers: waterlandscapingpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 7 events

1. 2026-06-18
   days on market $369,900 Active 4 DOM
2. 2026-06-17
   remarks 447-char remark
3. 2026-06-17
   days on market $369,900 Active 3 DOM
4. 2026-06-16
   days on market $369,900 Active 2 DOM
5. 2026-06-15
   status $369,900 Active 1 DOM
6. 2026-06-13
   remarks 418-char remark
7. 2026-06-13
   listed $369,900 Coming Soon 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: $4,744 · $395/mo
• Projected year-2 tax: $4,744 · $395/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 4/10 Moderate
• 🌡 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: $45,906
• − Mortgage interest: −$20,720
• − Property taxes: −$4,744
• − Insurance: −$1,850
• − Repairs & maintenance: −$3,673
• − Management: −$3,673
• − HOA: −$6,540
• − Depreciation: −$10,761
• Taxable loss: −$6,053
• Est. tax savings @ 24.0%: +$1,453
• After-tax cash flow: $1,308/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 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): 28,092
• Household income: $88,477
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 1181.0

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 16% Two or more races 11% Asian 4% Black 3% Native American 1%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Scotch-Irish 3% Slovak 3% Romanian 3%
• Foreign-born: 16% · Canada, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 2% Tagalog/Filipino 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: ▼ -166.92%
• Current HPI: 233.4619
• Rent YoY: ▼ -0.30%
• 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

+68.9% since first listed

12 events — show timeline

• 2026-06-12 Coming Soon $369,900 CRMLS
• 2022-06-27 Price Changed $2,400 RENT.
• 2019-08-02 Sold (Public Records) $238,500 Public Records
• 2019-08-02 Sold (MLS) $238,500 GPSMLS
• 2019-06-24 Pending — GPSMLS
• 2019-06-22 Listed $244,900 GPSMLS
• 2018-03-28 Sold (Public Records) $220,000 Public Records
• 2018-03-28 Sold (MLS) $220,000 GPSMLS
• 2018-03-18 Pending — GPSMLS
• 2018-03-01 Pending — GPSMLS
• 2018-02-26 Price Changed $216,500 GPSMLS
• 2018-01-24 Listed $219,000 GPSMLS

Property tax history

+3.2%/yr

Latest (2025): $4,744 · -0.3% YoY. Source: county tax records.