153 Estrada Way · Cathedral City, CA 92234

$49,000

2 bd · 2.0 ba · 1,440 sqft · Manufactured · 141 Days on market

Built 1972 $34/sqft · 43% below area Est $86k · 43% under ↓ 29% since listing

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One of the LOWEST-PRICED homes in Date Palm Country Club! Attention investors, flippers, and buyers looking to customize this 2 bed, 2 bath double-wide (1,440 sq ft). Offers incredible potential in a premier 55+ golf course community (space rent). Step inside to a spacious living and dining area, plus an open kitchen that flows into the family room with a built-in wet bar, perfect for entertaining. Both bedrooms feature walk-in closets, and the primary suite includes a walk-in shower. Additional highlights include an indoor laundry area with washer and dryer, plus a functional layout ready for your updates. Outside, you'll find a two-car tandem carport with dual storage sheds and a rear area ideal for creating a private patio retreat with mountain views. This home is priced to sell and ready to be reimagined into a full-time residence or seasonal getaway, all within a vibrant country club setting offering golf, tennis, pickle ball, an on-site restaurant, and more. Motivated seller!! Bring your offer!!

Key facts

• Wet bar
• Walk in closets
• Walk in shower

Tags

• WET BAR
• WALK IN CLOSETS
• WALK IN SHOWER
• DEDICATED INSIDE LAUNDRY AREA
• OUTDOOR PATIO SETTING
• MOUNTAIN VIEWS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $49k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $49k).
• Recommended offer: $43k (12.0% below list) — sets the bar for market timing.
• Cap rate 50.0% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
• This rent runs 44% of the median local income ($74k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $339 of loan paydown is wiped out by about $1k 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 $14k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $43,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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: 5.49% ✓
• Cap rate: 50.04%
• Cash-on-cash: 156.23%
• DSCR: 7.95
• GRM: 1.5

CMA / ARV

• ARV (median comp): $85,749
• List price: $49,000
• Delta: -42.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
153 Estrada Way	0.00mi	2/2.0	1,440 (0%)	1mo	$46,500	$32	99
126 Via Valverde	0.04mi	2/2.0	1,440 (0%)	2mo	$179,500	$125	96
67 Paseo Laredo North	0.29mi	2/2.0	1,440 (0%)	1mo	$55,000	$38	86
229 Calle Leandro	0.26mi	2/2.0	1,440 (0%)	3mo	$90,000	$63	86
35 N Paseo Laredo	0.31mi	2/2.0	1,440 (0%)	4mo	$157,000	$109	82
12 Via Valverde	0.32mi	3/2.0 (+1)	1,440 (0%)	5mo	$120,000	$83	76
24 Mesa View Dr	0.64mi	2/2.0	1,440 (0%)	2mo	$68,000	$47	68
257 Wolf	0.66mi	2/2.0	1,440 (0%)	3mo	$75,000	$52	67
316 Little Deer	0.65mi	2/2.0	1,440 (0%)	5mo	$70,000	$49	66
76 Dunes Cir	0.64mi	2/2.0	1,344 (-7%)	6mo	$89,000	$66	54
299 Butterfield	0.65mi	3/2.0 (+1)	1,368 (-5%)	6mo	$156,000	$114	51
264 Wolf	0.59mi	2/2.0	1,248 (-13%)	4mo	$74,000	$59	46

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: —
• Equity multiple: 8.76×
• Total profit: $106,464
• Equity at exit: $7,306

10-year hold

• IRR: —
• Equity multiple: 18.63×
• Total profit: $241,824
• Equity at exit: $4,237

Cash invested: $13,720 (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: 1.5×

Monthly cashflow live

• Estimated rent: $2,690 high
• Mortgage (P&I): −$257
• Tax est. 1.5%: −$61 /mo · $735/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$565
• Net cashflow: $1,786

Break-even live

Break-even rent $429

Max offer price $49,000

Occupancy floor 29%

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: $12,250
• Closing costs: $1,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
152 Estrada Way #152 Cathedral City, CA	2.0	2.0	1500	$2,200	$1.47	43d	1	0.03mi
159 Estrada Way Cathedral City, CA	3.0	2.0	1800	$2,850	$1.58	43d	1	0.06mi
35615 Paseo Circulo E Cathedral City, CA	1.0	2.0	1029	$2,250	$2.19	43d	1	0.31mi
68882 Calle Mula Cathedral City, CA	2.0	2.0	1714	$2,500	$1.46	20d	1	0.32mi
36040 Avenida de las Montanas Unit E Cathedral City, CA	2.0	2.0	1220	$3,200	$2.62	43d	1	0.43mi
68859 Paseo Real Cathedral City, CA	2.0	2.0	1406	$3,960	$2.82	43d	1	0.50mi
68859 Paseo Real Cathedral City, CA	2.0	2.0	1406	$3,960	$2.82	15d	1	0.50mi
69200 Nilda Dr Cathedral City, CA	3.0	2.0	1330	$2,495	$1.88	22d	1	0.57mi
250 S Paseo Laredo Cathedral City, CA	2.0	2.0	1600	$1,800	$1.12	12d	1	0.61mi
251 S Paseo Laredo Cathedral City, CA	2.0	2.0	1440	$2,400	$1.67	43d	1	0.62mi
251 S Paseo Laredo Unit 251 Cathedral City, CA	1.0	2.0	1440	$2,550	$1.77	24d	1	0.62mi
35200 Cathedral Canyon Dr Unit H64 Cathedral City, CA	2.0	2.0	1375	$2,500	$1.82	43d	1	0.64mi
35200 Cathedral Canyon Dr Unit B10 Cathedral City, CA	2.0	2.0	1384	$2,600	$1.88	43d	1	0.71mi
34750 Marcia Rd Unit 02 Cathedral City, CA	3.0	2.0	1325	$2,000	$1.51	18d	1	0.75mi
68695 F St Cathedral City, CA	3.0	2.5	896	$2,500	$2.79	43d	1	0.75mi
69180 Victoria Dr #8 Cathedral City, CA	3.0	2.0	1230	$1,995	$1.62	3d	1	0.93mi
68615 Paseo Soria Cathedral City, CA	2.0	2.0	1462	$3,500	$2.39	7d	1	0.97mi
69155 Dinah Shore Dr Cathedral City, CA	2.0	2.0	1100	$1,795	$1.63	43d	1	1.07mi
69155 Dinah Shore Dr Apt 20 Cathedral City, CA	2.0	2.0	1200	$2,050	$1.71	43d	1	1.08mi
69646 Antonia Way Rancho Mirage, CA	2.0	2.0	966	$2,450	$2.54	18d	1	1.09mi
69603 Heather Way Rancho Mirage, CA	3.0	2.0	1218	$2,300	$1.89	43d	1	1.11mi
34197 Calle Mora Cathedral City, CA	2.0	2.0	1171	$2,300	$1.96	13d	1	1.11mi
34197 Calle Mora Cathedral City, CA	2.0	2.0	1171	$2,300	$1.96	22d	1	1.11mi
34197 Calle Mora Cathedral City, CA	2.0	2.0	1171	$2,300	$1.96	10d	1	1.11mi
34361 Denise Way Rancho Mirage, CA	3.0	2.0	1400	$2,800	$2.00	43d	1	1.13mi
68368 Calle Leon Cathedral City, CA	2.0	2.0	1406	$3,790	$2.70	43d	1	1.20mi
68368 Calle Leon Cathedral City, CA	2.0	2.0	1406	$3,790	$2.70	15d	1	1.20mi
34073 Emily Way Rancho Mirage, CA	2.0	2.0	966	$2,100	$2.17	18d	1	1.23mi
34073 Emily Way Rancho Mirage, CA	2.0	2.0	966	$2,100	$2.17	22d	1	1.23mi
70170 Sun Valley Dr Rancho Mirage, CA	2.0	2.0	1368	$3,800	$2.78	4d	1	1.24mi
34071 Denise Way Rancho Mirage, CA	3.0	2.0	1218	$2,599	$2.13	24d	1	1.24mi
68153 Lakeland Dr Cathedral City, CA	2.0	2.0	1255	$2,500	$1.99	24d	1	1.25mi
37800 Da Vall Dr #12 Rancho Mirage, CA	2.0	2.0	1387	$2,400	$1.73	43d	1	1.26mi
8 Mission Ct Rancho Mirage, CA	2.0	2.0	1540	$2,500	$1.62	18d	1	1.26mi
35090 Mission Hills Dr Rancho Mirage, CA	2.0	2.0	1596	$3,950	$2.47	24d	1	1.27mi
35082 Mission Hills Dr Rancho Mirage, CA	2.0	2.5	1624	$3,250	$2.00	12d	1	1.28mi
38 Mission Ct Rancho Mirage, CA	3.0	3.0	1382	$3,500	$2.53	43d	1	1.29mi
35 Mission Ct Rancho Mirage, CA	3.0	2.0	1382	$4,125	$2.98	43d	1	1.31mi
35054 Mission Hills Dr Rancho Mirage, CA	2.0	2.0	1396	$2,549	$1.83	4d	1	1.35mi
68177 Mountain View Rd Cathedral City, CA	2.0	2.0	1394	$2,895	$2.08	43d	1	1.37mi

Listing history 6 events

1. 2026-05-07
   historical Backup Offers Accepted 1016-char remark

   Show marketing remark (1016 chars)

   One of the LOWEST-PRICED homes in Date Palm Country Club! Attention investors, flippers, and buyers looking to customize this 2 bed, 2 bath double-wide (1,440 sq ft). Offers incredible potential in a premier 55+ golf course community (space rent). Step inside to a spacious living and dining area, plus an open kitchen that flows into the family room with a built-in wet bar, perfect for entertaining. Both bedrooms feature walk-in closets, and the primary suite includes a walk-in shower. Additional highlights include an indoor laundry area with washer and dryer, plus a functional layout ready for your updates. Outside, you'll find a two-car tandem carport with dual storage sheds and a rear area ideal for creating a private patio retreat with mountain views. This home is priced to sell and ready to be reimagined into a full-time residence or seasonal getaway, all within a vibrant country club setting offering golf, tennis, pickle ball, an on-site restaurant, and more. Motivated seller!! Bring your offer!!

2. 2026-04-05
   price $49,000 1016-char remark

   Show marketing remark (1016 chars)

   One of the LOWEST-PRICED homes in Date Palm Country Club! Attention investors, flippers, and buyers looking to customize this 2 bed, 2 bath double-wide (1,440 sq ft). Offers incredible potential in a premier 55+ golf course community (space rent). Step inside to a spacious living and dining area, plus an open kitchen that flows into the family room with a built-in wet bar, perfect for entertaining. Both bedrooms feature walk-in closets, and the primary suite includes a walk-in shower. Additional highlights include an indoor laundry area with washer and dryer, plus a functional layout ready for your updates. Outside, you'll find a two-car tandem carport with dual storage sheds and a rear area ideal for creating a private patio retreat with mountain views. This home is priced to sell and ready to be reimagined into a full-time residence or seasonal getaway, all within a vibrant country club setting offering golf, tennis, pickle ball, an on-site restaurant, and more. Motivated seller!! Bring your offer!!

3. 2026-02-19
   price $59,000 1016-char remark

   Show marketing remark (1016 chars)

   One of the LOWEST-PRICED homes in Date Palm Country Club! Attention investors, flippers, and buyers looking to customize this 2 bed, 2 bath double-wide (1,440 sq ft). Offers incredible potential in a premier 55+ golf course community (space rent). Step inside to a spacious living and dining area, plus an open kitchen that flows into the family room with a built-in wet bar, perfect for entertaining. Both bedrooms feature walk-in closets, and the primary suite includes a walk-in shower. Additional highlights include an indoor laundry area with washer and dryer, plus a functional layout ready for your updates. Outside, you'll find a two-car tandem carport with dual storage sheds and a rear area ideal for creating a private patio retreat with mountain views. This home is priced to sell and ready to be reimagined into a full-time residence or seasonal getaway, all within a vibrant country club setting offering golf, tennis, pickle ball, an on-site restaurant, and more. Motivated seller!! Bring your offer!!

4. 2026-01-01
   listed $69,000 Active 1016-char remark

   Show marketing remark (1016 chars)

   One of the LOWEST-PRICED homes in Date Palm Country Club! Attention investors, flippers, and buyers looking to customize this 2 bed, 2 bath double-wide (1,440 sq ft). Offers incredible potential in a premier 55+ golf course community (space rent). Step inside to a spacious living and dining area, plus an open kitchen that flows into the family room with a built-in wet bar, perfect for entertaining. Both bedrooms feature walk-in closets, and the primary suite includes a walk-in shower. Additional highlights include an indoor laundry area with washer and dryer, plus a functional layout ready for your updates. Outside, you'll find a two-car tandem carport with dual storage sheds and a rear area ideal for creating a private patio retreat with mountain views. This home is priced to sell and ready to be reimagined into a full-time residence or seasonal getaway, all within a vibrant country club setting offering golf, tennis, pickle ball, an on-site restaurant, and more. Motivated seller!! Bring your offer!!

5. 2025-10-25
   price
6. 2025-08-12
   listed 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 · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,277
• − Mortgage interest: −$2,745
• − Property taxes: −$735
• − Insurance: −$245
• − Repairs & maintenance: −$2,582
• − Management: −$2,582
• − Depreciation: −$1,425
• Taxable income: $21,962
• Est. tax owed @ 24.0%: −$5,271
• After-tax cash flow: $16,164/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

-29.0% since first listed

6 events — show timeline

• 2026-05-07 Contingent — TheMLS
• 2026-04-05 Price Changed $49,000 TheMLS
• 2026-02-19 Price Changed $59,000 TheMLS
• 2026-01-01 Listed $69,000 TheMLS
• 2025-10-25 Price Changed — TheMLS
• 2025-08-12 Listed — TheMLS