73920 Line Canyon Ln · Palm Desert, CA 92260

$185,000

2 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 1 Days on market

Built 1976 5,663 sqft lot Est $259k · 29% under $400/mo HOA · 10% of rent

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

Listing remarks

HUD-owned opportunity in Palm Desert Greens Country Club, a 55+ community. This 2-bedroom, 2-bath home offers strong upside potential for investors, flippers, or buyers seeking a value-add property in a high-demand desert community. Features include a spacious living room with fireplace, dining area with built-in hutch, large family room, laminate flooring, plantation shutters, ceiling fans, and a private hot tub under a gazebo. The functional floor plan provides an excellent foundation for cosmetic updates and personalization. HOA amenities include golf, pools, spas, tennis courts, fitness center, clubhouse, and cable TV. Conveniently located near shopping, dining, and entertainment. Prope

Key facts

• 5,663 sq ft lot
• Garage
• Built 1976

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $185k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $185k).
• Cap rate 15.7% 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: schools A-, 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.
• Market conditions: Rents rising (+1.6%/yr); 545 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); 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 $3,956/mo this rent would consume 68% 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 $1k of loan paydown is wiped out by about $6k 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 + 1.6% rent growth), your $52k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 20y 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 $130k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $185,000

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 2.14% ✓
• Cap rate: 15.72%
• Cash-on-cash: 33.69%
• DSCR: 2.50
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $259,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39183 Warm Springs Dr	0.33mi	2/2.0	1,440 (0%)	0mo	$200,000	$139	84
39832 Black Mesa Ln	0.39mi	2/2.0	1,440 (0%)	1mo	$260,000	$181	82
38430 Desert Greens Dr E	0.39mi	2/2.0	1,440 (0%)	3mo	$325,000	$226	79
73651 Adobe Dr	0.47mi	2/2.0	1,488 (+3%)	1mo	$199,000	$134	72
73450 Country Club Dr #75	0.62mi	2/2.0	1,440 (0%)	3mo	$190,000	$132	69
38703 Desert Greens Dr E	0.29mi	2/2.0	1,248 (-13%)	0mo	$322,000	$258	64
73204 Cold Springs Way	0.72mi	2/2.0	1,414 (-2%)	3mo	$375,000	$265	61
73370 Indian Creek Way	0.71mi	2/2.0	1,392 (-3%)	4mo	$250,000	$180	58
73450 Country Club Dr #26	0.64mi	2/2.0	1,344 (-7%)	3mo	$217,500	$162	56
73450 Country Club Dr #309	0.64mi	3/2.0 (+1)	1,344 (-7%)	2mo	$165,000	$123	52
38668 Fawn Springs Dr	0.50mi	3/2.5 (+1)	1,600 (+11%)	0mo	$410,000	$256	51
73450 Country Club Dr #87	0.64mi	3/2.0 (+1)	1,636 (+14%)	1mo	$222,500	$136	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 · 1.6% rent growth · sell at horizon

5-year hold

• IRR: 27.2%
• Equity multiple: 2.11×
• Total profit: $57,437
• Equity at exit: $27,584

10-year hold

• IRR: 33.9%
• Equity multiple: 3.87×
• Total profit: $148,562
• Equity at exit: $15,995

Cash invested: $51,800 (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: 545
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $3,956 high
• Mortgage (P&I): −$970
• Tax from tax record: −$224 /mo · $2,690/yr
• Insurance: −$77
• HOA: −$400
• Vacancy / Maint / Mgmt: −$831
• Net cashflow: $1,454

Break-even live

Break-even rent $2,116

Max offer price $185,000

Occupancy floor 58%

Sensitivity live

Price	-10% $1,559	-5% $1,506	+0% $1,454	+5% $1,402	+10% $1,349
Rent	-10% $1,142	-5% $1,298	+0% $1,454	+5% $1,610	+10% $1,767
Rate	-1.0pp $1,547	-0.5pp $1,501	base $1,454	+0.5pp $1,406	+1.0pp $1,357

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
73843 Line Canyon Ln Palm Desert, CA	2.0	2.0	1570	$2,100	$1.34	12d	1	0.07mi
73639 Cabazon Peak Dr Palm Desert, CA	2.0	2.0	1717	$2,400	$1.40	44d	1	0.47mi
74300 Country Club Dr Apt 5001 Palm Desert, CA	2.0	2.0	1099	$7,120	$6.48	44d	1	0.49mi
74300 Country Club Dr Unit 366 Palm Desert, CA	2.0	2.0	1140	$7,170	$6.29	44d	1	0.49mi
2701 Via Calderia Palm Desert, CA	2.0	2.0	1559	$2,850	$1.83	25d	1	0.50mi
8 Las Cruces Ln Palm Desert, CA	2.0	2.0	1705	$5,000	$2.93	44d	1	0.53mi
1803 Via San Martino Palm Desert, CA	2.0	2.0	1559	$3,900	$2.50	44d	1	0.54mi
4 Hermosillo Ln Palm Desert, CA	2.0	2.0	1572	$2,900	$1.84	19d	1	0.56mi
38520 Poppet Canyon Dr Palm Desert, CA	2.0	2.0	1392	$3,700	$2.66	44d	1	0.61mi
40445 Portola Ave Palm Desert, CA	1.0–2.0	1.0–2.0	975	$3,215	$3.30	0d	16	0.61mi
73450 Country Club Dr #120 Palm Desert, CA	2.0	2.0	1856	$2,995	$1.61	12d	1	0.64mi
38250 Azalea Dr Palm Desert, CA	2.0	2.0	1806	$5,500	$3.05	44d	1	0.65mi
73750 Calle Bisque Palm Desert, CA	3.0	2.0	1537	$6,500	$4.23	44d	1	0.70mi
4162 Via Mattina Palm Desert, CA	2.0	2.0	1867	$2,950	$1.58	13d	1	0.70mi
1 Marbella Ln Palm Desert, CA	2.0	2.0	1080	$4,500	$4.17	44d	1	0.71mi
37772 Hollister Dr Palm Desert, CA	3.0	2.0	1271	$3,200	$2.52	44d	1	0.72mi
41517 Armanac Ct Palm Desert, CA	3.0	2.0	1537	$3,400	$2.21	3d	1	0.73mi
73373 Country Club Dr Palm Desert, CA	1.0–2.0	1.0–2.0	852	$2,165	$2.54	44d	1	0.75mi
191 Winterhaven Cir Palm Desert, CA	2.0	1.5	1250	$2,800	$2.24	44d	1	0.82mi
248 Strada Fortuna Palm Desert, CA	2.0	2.0	1400	$2,500	$1.79	44d	1	0.84mi
166 Wimbledon Ct Palm Desert, CA	2.0	2.0	1250	$3,200	$2.56	44d	1	0.86mi
40064 Silktree Ct Palm Desert, CA	3.0	2.0	1712	$3,200	$1.87	25d	1	0.86mi
73075 Buck Springs Dr Palm Desert, CA	2.0	2.0	1440	$1,950	$1.35	44d	1	0.86mi
150 Willow Lake Dr Palm Desert, CA	2.0	2.0	1138	$2,500	$2.20	44d	1	0.95mi
323 San Remo St Palm Desert, CA	2.0	2.0	1556	$8,500	$5.46	44d	1	0.99mi
40255 Sagewood Dr Palm Desert, CA	3.0	2.0	1712	$3,300	$1.93	19d	1	0.99mi
206 Lakecrest Ln Palm Desert, CA	2.0	2.0	1138	$2,300	$2.02	12d	1	1.00mi
363 San Remo St Palm Desert, CA	2.0	2.0	1656	$7,500	$4.53	44d	1	1.03mi
365 San Remo St Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	44d	1	1.04mi
336 Villena Way Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	44d	1	1.05mi
255 San Remo St Palm Desert, CA	2.0	2.0	1656	$6,600	$3.99	44d	1	1.07mi
337 Villena Way Palm Desert, CA	2.0	2.0	1303	$5,000	$3.84	44d	1	1.09mi
311 Villena Way Palm Desert, CA	2.0	2.0	1653	$7,000	$4.23	25d	1	1.11mi
726 Vista Lago Dr N Palm Desert, CA	3.0	2.5	1814	$4,900	$2.70	44d	1	1.12mi
430 S Sierra Madre Palm Desert, CA	2.0	2.0	1303	$5,500	$4.22	44d	1	1.15mi
217 Las Lomas Palm Desert, CA	2.0	2.0	1656	$6,300	$3.80	44d	1	1.15mi
432 S Sierra Madre Palm Desert, CA	2.0	2.0	1584	$5,300	$3.35	44d	1	1.15mi
778 Montana Vista Dr Palm Desert, CA	3.0	2.5	1814	$6,500	$3.58	44d	1	1.16mi
305 Durango Palm Desert, CA	2.0	2.0	1670	$6,300	$3.77	44d	1	1.17mi
352 S Sierra Madre Palm Desert, CA	2.0	2.0	1584	$5,800	$3.66	44d	1	1.17mi

HOA detail

• Monthly dues: $400 · $4,800/yr
• Likely covers: cablepoolgym

Listing history 20 events

1. 2026-05-17
   historical
2. 2026-02-17
   historical
3. 2026-02-17
   status Pending
4. 2026-02-06
   status Active
5. 2026-01-05
   status Pending
6. 2025-12-18
   listed $185,000
7. 2025-12-18
   listed $185,500 Active
8. 2025-10-16
   soldstatus $129,570
9. 2011-01-19
   historical
10. 2010-10-11
    price $210,000
11. 2010-09-26
    listed $199,950 Active
12. 2008-11-24
    soldstatus $115,850
13. 2008-10-09
    historical
14. 2008-10-03
    listed $122,000
15. 2008-09-12
    historical
16. 2008-02-22
    listed $111,600
17. 2007-05-04
    historical
18. 2006-01-04
    listed $225,000
19. 1992-03-20
    soldstatus $60,000
20. 1990-01-08
    soldstatus $40,000

ⓘ 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: $2,690 · $224/mo
• Projected year-2 tax: $2,690 · $224/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 · 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: $47,475
• − Mortgage interest: −$10,363
• − Property taxes: −$2,690
• − Insurance: −$925
• − Repairs & maintenance: −$3,798
• − Management: −$3,798
• − HOA: −$4,800
• − Depreciation: −$5,382
• Taxable income: $15,720
• Est. tax owed @ 24.0%: −$3,773
• After-tax cash flow: $13,676/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

+363.8% since first listed

20 events — show timeline

• 2026-05-17 Listing Removed — GPSMLS
• 2026-02-17 Listing Removed — GPSMLS
• 2026-02-17 Pending — GPSMLS
• 2026-02-06 Relisted — GPSMLS
• 2026-01-05 Pending — GPSMLS
• 2025-12-18 Listed $185,500 GPSMLS
• 2025-12-18 Listed $185,000 GPSMLS
• 2025-10-16 Sold (Public Records) $129,570 Public Records
• 2011-01-19 Listing Removed — GPSMLS
• 2010-10-11 Price Changed $210,000 GPSMLS
• 2010-09-26 Listed $199,950 GPSMLS
• 2008-11-24 Sold (MLS) $115,850 CRMLS
• 2008-10-09 Listing Removed — CRMLS
• 2008-10-03 Listed $122,000 CRMLS
• 2008-09-12 Listing Removed — CRMLS
• 2008-02-22 Listed $111,600 CRMLS
• 2007-05-04 Listing Removed — GPSMLS
• 2006-01-04 Listed $225,000 GPSMLS
• 1992-03-20 Sold (Public Records) $60,000 Public Records
• 1990-01-08 Sold (Public Records) $40,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $2,690 · -8.7% YoY. Source: county tax records.