152 Verde Way · Palm Desert, CA 92260

$359,000

2 bd · 2.0 ba · 1,070 sqft · Condo public records · 188 Days on market

Built 1987 $336/sqft · 20% below area Est $451k · 20% under $879/mo HOA · 23% 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).

• ARV discount +15.0/15.0
• Cash flow +7.6/30.0
• 1% rule +5.6/10.0
• Schools +3.8/10.0
• Rent growth +2.9/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your Desert Retreat right in the Heart of Palm Desert! Located inside the highly desirable Silver Sands community, this beautifully maintained furnished home is ready for move in. Whether you’re searching for the ideal vacation getaway, a profitable seasonal rental, or a serene primary residence, this property checks every box. Front and back patios designed for effortless outdoor living, flowing seamlessly with sweeping golf course views. Step inside to an open and inviting floor plan filled with natural light. The living area featururing soaring ceilings, warm neutral tones, and seamless indoor-outdoor flow, making it the perfect place to unwind after a day on the golf course or exploring the desert. The kitchen is well-appointed with ample cabinetry and a functional layout—ideal for hosting friends, family, and all your seasonal celebrations. Enjoy two spacious bedrooms, including 2 suites with plenty of storage and a private bath. The guest room comfortably accommodates visitors or can be used as a home office for those who work remotely. Outside, your private patio's is designed for sun-soaked mornings, evening cocktails, and year-round alfresco dining. With multiple community pools and spas, tennis and pickleball courts, and beautifully maintained grounds, Silver Sands offers the resort lifestyle buyers crave—without the country-club price tag.

Key facts

• Natural light
• Private patio
• $879 HOA

Tags

• OPEN AND INVITING FLOOR PLAN
• NATURAL LIGHT
• SEAMLESS INDOOR-OUTDOOR FLOW
• WELL-APPOINTED KITCHEN
• PRIVATE PATIO
• MULTIPLE COMMUNITY POOLS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $359k.

Deal economics

• At list price, monthly cash flow is $-433 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $283k (21.3% below list).
• Meets the 1% rule at list price ($4k rent vs $359k).
• Recommended offer: $283k (21.3% below list) — sets the bar for cash-flow.
• Cap rate 4.8% 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 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% 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 $3,810/mo this rent would consume 65% 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 $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

• It's been on market 188 days — a 12% lower offer ($316k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $134k; list at $359k implies a 169% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $282,533 (21.3% 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 188 days. Have you received any prior offers? Is the seller open to a 21% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.06% ✓
• Cap rate: 4.85%
• Cash-on-cash: -5.17%
• DSCR: 0.77
• GRM: 7.9

CMA / ARV

• ARV (median comp): $451,074
• List price: $359,000
• Delta: -20.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -27.1%
• Equity multiple: 0.10×
• Total profit: $-90,387
• Equity at exit: $53,528

10-year hold

• IRR: -33.0%
• Equity multiple: -0.32×
• Total profit: $-132,689
• Equity at exit: $31,040

Cash invested: $100,520 (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 92260

• Rents YoY: 1.6%
• Active inventory: 551
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $3,810 high
• Mortgage (P&I): −$1,883
• Tax from tax record: −$531 /mo · $6,376/yr
• Insurance: −$150
• HOA: −$879
• Vacancy / Maint / Mgmt: −$800
• Net cashflow: $-433

Break-even live

Break-even rent $4,358

Max offer price $282,533

Occupancy floor —

Sensitivity live

Price	-10% $-230	-5% $-331	+0% $-433	+5% $-534	+10% $-636
Rent	-10% $-734	-5% $-583	+0% $-433	+5% $-282	+10% $-132
Rate	-1.0pp $-252	-0.5pp $-342	base $-433	+0.5pp $-526	+1.0pp $-621

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: $89,750
• Closing costs: $10,770
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Marbella Ln Palm Desert, CA	2.0	2.0	1080	$4,500	$4.17	45d	1	0.15mi
191 Winterhaven Cir Palm Desert, CA	2.0	1.5	1250	$2,800	$2.24	45d	1	0.25mi
166 Wimbledon Ct Palm Desert, CA	2.0	2.0	1250	$3,200	$2.56	45d	1	0.28mi
40445 Portola Ave Palm Desert, CA	1.0–2.0	1.0–2.0	975	$3,215	$3.30	1d	16	0.31mi
206 Lakecrest Ln Palm Desert, CA	2.0	2.0	1138	$2,300	$2.02	13d	1	0.34mi
150 Willow Lake Dr Palm Desert, CA	2.0	2.0	1138	$2,500	$2.20	45d	1	0.40mi
430 S Sierra Madre Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.47mi
365 San Remo St Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.47mi
74300 Country Club Dr Apt 5001 Palm Desert, CA	2.0	2.0	1099	$7,120	$6.48	45d	1	0.51mi
74300 Country Club Dr Unit 366 Palm Desert, CA	2.0	2.0	1140	$7,170	$6.29	45d	1	0.51mi
74401 Hovley Lane East Palm Desert, CA	1.0–3.0	1.0–2.0	1042	$2,656	$2.55	0d	22	0.55mi
336 Villena Way Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.59mi
337 Villena Way Palm Desert, CA	2.0	2.0	1303	$5,000	$3.84	45d	1	0.61mi
73373 Country Club Dr Palm Desert, CA	1.0–2.0	1.0–2.0	852	$2,165	$2.54	45d	1	0.79mi
314 Gran Via Ct Palm Desert, CA	2.0	1.5	1303	$4,700	$3.61	45d	1	0.83mi
347 Gran Via Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	0.89mi
74036 Mercury Cir W Palm Desert, CA	2.0	2.0	1440	$2,800	$1.94	45d	1	0.90mi
205 Las Lomas Palm Desert, CA	2.0	2.0	1457	$6,000	$4.12	45d	1	0.94mi
320 Paseo Primavera Palm Desert, CA	2.0	2.0	1303	$3,000	$2.30	45d	1	0.98mi
235 Via Rengo Palm Desert, CA	2.0	2.0	1042	$2,600	$2.50	45d	1	1.03mi
289 Castellana N Palm Desert, CA	2.0	2.0	1457	$3,000	$2.06	26d	1	1.04mi
280 Tolosa Cir Palm Desert, CA	2.0	2.0	1347	$6,000	$4.45	26d	1	1.04mi
280 Tolosa Cir Palm Desert, CA	2.0	2.0	1347	$6,000	$4.45	45d	1	1.04mi
240 Santa Barbara Cir Palm Desert, CA	2.0	2.0	1457	$6,000	$4.12	26d	1	1.05mi
255 Via Rengo Palm Desert, CA	2.0	2.0	1122	$2,700	$2.41	45d	1	1.05mi
255 Via Rengo Palm Desert, CA	2.0	2.0	1122	$2,600	$2.32	7d	1	1.05mi
281 Tolosa Cir Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	45d	1	1.08mi
74350 Magnesia Falls Dr Unit 1 Palm Desert, CA	3.0	2.0	1200	$2,595	$2.16	13d	1	1.09mi
242 Serena Dr Palm Desert, CA	2.0	2.0	1347	$5,300	$3.93	45d	1	1.14mi
101 Avellino Cir Palm Desert, CA	2.0	2.0	1500	$3,000	$2.00	24d	1	1.15mi
203 Serena Dr Palm Desert, CA	2.0	2.0	1303	$3,000	$2.30	5d	1	1.16mi
221 Serena Dr Palm Desert, CA	2.0	2.0	1347	$5,500	$4.08	45d	1	1.16mi
248 Strada Fortuna Palm Desert, CA	2.0	2.0	1400	$2,500	$1.79	45d	1	1.16mi
259 Calle del Verano Palm Desert, CA	2.0	2.0	1303	$5,200	$3.99	45d	1	1.17mi
257 Calle del Verano Palm Desert, CA	2.0	2.0	1303	$5,300	$4.07	45d	1	1.17mi
75250 Vista Huerto Palm Desert, CA	3.0	2.0	1184	$5,500	$4.65	26d	1	1.19mi
42575 Cook St Palm Desert, CA	2.0	2.0	1050	$1,950	$1.86	26d	1	1.20mi
74800 Sheryl Ave Unit 10-3 Palm Desert, CA	2.0	2.0	825	$1,950	$2.36	18d	1	1.20mi
781 Montana Vista Dr Palm Desert, CA	2.0	2.0	1330	$6,000	$4.51	45d	1	1.22mi
116 Avellino Cir Palm Desert, CA	2.0	2.0	1426	$6,200	$4.35	45d	1	1.22mi

HOA detail condo

• Monthly dues: $879 · $10,548/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-21
   days on market $359,000 Active 188 DOM
2. 2026-06-18
   days on market $359,000 Active 185 DOM
3. 2026-06-17
   days on market $359,000 Active 184 DOM
4. 2026-06-16
   days on market $359,000 Active 183 DOM
5. 2026-06-15
   days on market $359,000 Active 182 DOM
6. 2026-06-13
   pricedays on market $359,000 Active 180 DOM
7. 2026-06-09
   days on market $398,000 Active 176 DOM
8. 2026-06-08
   days on market $398,000 Active 175 DOM
9. 2026-06-07
   days on market $398,000 Active 174 DOM
10. 2026-06-01
    days on market $398,000 Active 172 DOM
11. 2026-05-31
    days on market $398,000 Active 171 DOM
12. 2026-04-15
    price $398,000 1393-char remark

    Show marketing remark (1393 chars)

    Your Desert Retreat right in the Heart of Palm Desert! Located inside the highly desirable Silver Sands community, this beautifully maintained furnished home is ready for move in. Whether you’re searching for the ideal vacation getaway, a profitable seasonal rental, or a serene primary residence, this property checks every box. Front and back patios designed for effortless outdoor living, flowing seamlessly with sweeping golf course views. Step inside to an open and inviting floor plan filled with natural light. The living area featururing soaring ceilings, warm neutral tones, and seamless indoor-outdoor flow, making it the perfect place to unwind after a day on the golf course or exploring the desert. The kitchen is well-appointed with ample cabinetry and a functional layout—ideal for hosting friends, family, and all your seasonal celebrations. Enjoy two spacious bedrooms, including 2 suites with plenty of storage and a private bath. The guest room comfortably accommodates visitors or can be used as a home office for those who work remotely. Outside, your private patio's is designed for sun-soaked mornings, evening cocktails, and year-round alfresco dining. With multiple community pools and spas, tennis and pickleball courts, and beautifully maintained grounds, Silver Sands offers the resort lifestyle buyers crave—without the country-club price tag.

13. 2026-03-19
    price $419,900 1393-char remark

    Show marketing remark (1393 chars)

    Your Desert Retreat right in the Heart of Palm Desert! Located inside the highly desirable Silver Sands community, this beautifully maintained furnished home is ready for move in. Whether you’re searching for the ideal vacation getaway, a profitable seasonal rental, or a serene primary residence, this property checks every box. Front and back patios designed for effortless outdoor living, flowing seamlessly with sweeping golf course views. Step inside to an open and inviting floor plan filled with natural light. The living area featururing soaring ceilings, warm neutral tones, and seamless indoor-outdoor flow, making it the perfect place to unwind after a day on the golf course or exploring the desert. The kitchen is well-appointed with ample cabinetry and a functional layout—ideal for hosting friends, family, and all your seasonal celebrations. Enjoy two spacious bedrooms, including 2 suites with plenty of storage and a private bath. The guest room comfortably accommodates visitors or can be used as a home office for those who work remotely. Outside, your private patio's is designed for sun-soaked mornings, evening cocktails, and year-round alfresco dining. With multiple community pools and spas, tennis and pickleball courts, and beautifully maintained grounds, Silver Sands offers the resort lifestyle buyers crave—without the country-club price tag.

14. 2025-12-11
    listed $425,000 Active 1393-char remark

    Show marketing remark (1393 chars)

    Your Desert Retreat right in the Heart of Palm Desert! Located inside the highly desirable Silver Sands community, this beautifully maintained furnished home is ready for move in. Whether you’re searching for the ideal vacation getaway, a profitable seasonal rental, or a serene primary residence, this property checks every box. Front and back patios designed for effortless outdoor living, flowing seamlessly with sweeping golf course views. Step inside to an open and inviting floor plan filled with natural light. The living area featururing soaring ceilings, warm neutral tones, and seamless indoor-outdoor flow, making it the perfect place to unwind after a day on the golf course or exploring the desert. The kitchen is well-appointed with ample cabinetry and a functional layout—ideal for hosting friends, family, and all your seasonal celebrations. Enjoy two spacious bedrooms, including 2 suites with plenty of storage and a private bath. The guest room comfortably accommodates visitors or can be used as a home office for those who work remotely. Outside, your private patio's is designed for sun-soaked mornings, evening cocktails, and year-round alfresco dining. With multiple community pools and spas, tennis and pickleball courts, and beautifully maintained grounds, Silver Sands offers the resort lifestyle buyers crave—without the country-club price tag.

15. 1989-01-20
    soldstatus $133,500

ⓘ 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: $6,376 · $531/mo
• Projected year-2 tax: $6,376 · $531/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥114°F today · 17 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: $45,717
• − Mortgage interest: −$20,110
• − Property taxes: −$6,376
• − Insurance: −$1,795
• − Repairs & maintenance: −$3,657
• − Management: −$3,657
• − HOA: −$10,548
• − Depreciation: −$10,444
• Taxable loss: −$10,870
• Est. tax savings @ 24.0%: +$2,609
• After-tax cash flow: $-2,586/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: 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

+198.1% since first listed

4 events — show timeline

• 2026-04-15 Price Changed $398,000 CRMLS
• 2026-03-19 Price Changed $419,900 CRMLS
• 2025-12-11 Listed $425,000 CRMLS
• 1989-01-20 Sold (Public Records) $133,500 Public Records

Property tax history

+10.1%/yr

Latest (2025): $6,376 · +2.4% YoY. Source: county tax records.