69801 Ramon Rd #141 · Cathedral City, CA 92234

$127,000

2 bd · 1.0 ba · 500 sqft · Manufactured · 228 Days on market

Built 2001 1,742 sqft lot $254/sqft · at area comps Est $131k · at est. $420/mo HOA · 19% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.7/15.0
• 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

Welcome to Desert Shadows RV Resort Park! This furnished 2-bedroom, 1-bath turnkey mobile home offers comfort, space and convenience in a desirable Cathedral City location. Step inside to a spacious floor plan featuring raised ceilings in the living area, creating an open and airy feel. The galley kitchen comes fully equipped with an oven/range, refrigerator, dishwasher, microwave along with cooking and eating essentials. The living room with soaring ceilings opens directly to the kitchen and bedroom loft above for that perfect night's sleep. The second bedroom, currently used as an office/storage area, includes a Murphy bed, desk and plenty of closet space. The bathroom showcases a round tempered glass vessel sink and shower. Outside features an entry deck for your morning coffee with stunning mountain views. The covered carport for one automobile also highlights a dining area right next to the outdoor grill and further back is a storage shed for keepsakes along with a citrus tree and another little patio area for sunbathing and hanging out. A laundry facility is conveniently located across the street. Each of the 460 individually owned HOA lots has a metered 50-amp electric service and includes water, sewer, trash/recycling, Spectrum cable and High-Speed Internet. The resort is a gated senior 55 plus community and includes a thriving pickleball community, tennis courts, 6 swimming pools including a large lap pool, a fully equipped fitness center, a world-class indoor shuffleboard pavilion, wood shop, two large clubhouses and so much more. Don't miss this chance to own an affordable desert escape with unbeatable convenience! Call or text today for the lockbox combination. Lockbox located to the left of the front entry stairs on outdoor water faucet.

Key facts

• Galley kitchen
• Murphy bed
• Spacious floor plan

Tags

• FURNISHED MOBILE HOME
• SPACIOUS FLOOR PLAN
• GALLEY KITCHEN
• MURPHY BED
• ENTRY DECK
• STUNNING MOUNTAIN VIEWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $127k.

Deal economics

• At list price, monthly cash flow is $534 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $127k).
• Recommended offer: $112k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% 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; 2 comparable units currently listed for rent nearby; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 35% 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 $878 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 228 days — a 12% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $12k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $127k implies a 354% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 228 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.70% ✓
• Cap rate: 11.33%
• Cash-on-cash: 18.01%
• DSCR: 1.80
• GRM: 4.9

CMA / ARV

• ARV (median comp): $130,540
• List price: $127,000
• Delta: -2.71%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 10.0%
• Equity multiple: 1.40×
• Total profit: $14,098
• Equity at exit: $18,936

10-year hold

• IRR: 19.4%
• Equity multiple: 2.66×
• Total profit: $58,879
• Equity at exit: $10,981

Cash invested: $35,560 (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: $2,159 medium
• Mortgage (P&I): −$666
• Tax from tax record: −$33 /mo · $399/yr
• Insurance: −$53
• HOA: −$420
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $534

Break-even live

Break-even rent $1,484

Max offer price $127,000

Occupancy floor 70%

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: $31,750
• Closing costs: $3,810
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
69801 Ramon Rd #115 Cathedral City, CA	1.0	1.0	600	$1,600	$2.67	15d	1	0.03mi
32200 Cathedral Canyon Dr #31 Cathedral City, CA	1.0	1.0	740	$1,550	$2.09	24d	1	1.24mi

HOA detail

• Monthly dues: $420 · $5,040/yr
• Likely covers: watersewertrashelectricinternetcablepoolgymsecurity

Listing history 25 events

1. 2026-06-18
   days on market $127,000 Active 228 DOM
2. 2026-06-17
   days on market $127,000 Active 227 DOM
3. 2026-06-16
   days on market $127,000 Active 226 DOM
4. 2026-06-15
   days on market $127,000 Active 225 DOM
5. 2026-06-13
   days on market $127,000 Active 223 DOM
6. 2026-06-13
   days on market $127,000 Active 222 DOM
7. 2026-06-09
   pricedays on market $127,000 Active 219 DOM
8. 2026-06-08
   days on market $129,000 Active 218 DOM
9. 2026-06-07
   days on market $129,000 Active 217 DOM
10. 2026-06-04
    days on market $129,000 Active 214 DOM
11. 2026-06-03
    days on market $129,000 Active 213 DOM
12. 2026-06-02
    days on market $129,000 Active 212 DOM
13. 2026-06-01
    days on market $129,000 Active 211 DOM
14. 2026-05-31
    days on market $129,000 Active 210 DOM
15. 2026-05-03
    status Active 1780-char remark

    Show marketing remark (1780 chars)

    Welcome to Desert Shadows RV Resort Park! This furnished 2-bedroom, 1-bath turnkey mobile home offers comfort, space and convenience in a desirable Cathedral City location. Step inside to a spacious floor plan featuring raised ceilings in the living area, creating an open and airy feel. The galley kitchen comes fully equipped with an oven/range, refrigerator, dishwasher, microwave along with cooking and eating essentials. The living room with soaring ceilings opens directly to the kitchen and bedroom loft above for that perfect night's sleep. The second bedroom, currently used as an office/storage area, includes a Murphy bed, desk and plenty of closet space. The bathroom showcases a round tempered glass vessel sink and shower. Outside features an entry deck for your morning coffee with stunning mountain views. The covered carport for one automobile also highlights a dining area right next to the outdoor grill and further back is a storage shed for keepsakes along with a citrus tree and another little patio area for sunbathing and hanging out. A laundry facility is conveniently located across the street. Each of the 460 individually owned HOA lots has a metered 50-amp electric service and includes water, sewer, trash/recycling, Spectrum cable and High-Speed Internet. The resort is a gated senior 55 plus community and includes a thriving pickleball community, tennis courts, 6 swimming pools including a large lap pool, a fully equipped fitness center, a world-class indoor shuffleboard pavilion, wood shop, two large clubhouses and so much more. Don't miss this chance to own an affordable desert escape with unbeatable convenience! Call or text today for the lockbox combination. Lockbox located to the left of the front entry stairs on outdoor water faucet.

16. 2026-01-14
    price $129,000 1780-char remark

    Show marketing remark (1780 chars)

    Welcome to Desert Shadows RV Resort Park! This furnished 2-bedroom, 1-bath turnkey mobile home offers comfort, space and convenience in a desirable Cathedral City location. Step inside to a spacious floor plan featuring raised ceilings in the living area, creating an open and airy feel. The galley kitchen comes fully equipped with an oven/range, refrigerator, dishwasher, microwave along with cooking and eating essentials. The living room with soaring ceilings opens directly to the kitchen and bedroom loft above for that perfect night's sleep. The second bedroom, currently used as an office/storage area, includes a Murphy bed, desk and plenty of closet space. The bathroom showcases a round tempered glass vessel sink and shower. Outside features an entry deck for your morning coffee with stunning mountain views. The covered carport for one automobile also highlights a dining area right next to the outdoor grill and further back is a storage shed for keepsakes along with a citrus tree and another little patio area for sunbathing and hanging out. A laundry facility is conveniently located across the street. Each of the 460 individually owned HOA lots has a metered 50-amp electric service and includes water, sewer, trash/recycling, Spectrum cable and High-Speed Internet. The resort is a gated senior 55 plus community and includes a thriving pickleball community, tennis courts, 6 swimming pools including a large lap pool, a fully equipped fitness center, a world-class indoor shuffleboard pavilion, wood shop, two large clubhouses and so much more. Don't miss this chance to own an affordable desert escape with unbeatable convenience! Call or text today for the lockbox combination. Lockbox located to the left of the front entry stairs on outdoor water faucet.

17. 2025-11-11
    price $134,000 1780-char remark

    Show marketing remark (1780 chars)

    Welcome to Desert Shadows RV Resort Park! This furnished 2-bedroom, 1-bath turnkey mobile home offers comfort, space and convenience in a desirable Cathedral City location. Step inside to a spacious floor plan featuring raised ceilings in the living area, creating an open and airy feel. The galley kitchen comes fully equipped with an oven/range, refrigerator, dishwasher, microwave along with cooking and eating essentials. The living room with soaring ceilings opens directly to the kitchen and bedroom loft above for that perfect night's sleep. The second bedroom, currently used as an office/storage area, includes a Murphy bed, desk and plenty of closet space. The bathroom showcases a round tempered glass vessel sink and shower. Outside features an entry deck for your morning coffee with stunning mountain views. The covered carport for one automobile also highlights a dining area right next to the outdoor grill and further back is a storage shed for keepsakes along with a citrus tree and another little patio area for sunbathing and hanging out. A laundry facility is conveniently located across the street. Each of the 460 individually owned HOA lots has a metered 50-amp electric service and includes water, sewer, trash/recycling, Spectrum cable and High-Speed Internet. The resort is a gated senior 55 plus community and includes a thriving pickleball community, tennis courts, 6 swimming pools including a large lap pool, a fully equipped fitness center, a world-class indoor shuffleboard pavilion, wood shop, two large clubhouses and so much more. Don't miss this chance to own an affordable desert escape with unbeatable convenience! Call or text today for the lockbox combination. Lockbox located to the left of the front entry stairs on outdoor water faucet.

18. 2025-10-16
    listed $139,000 Active 1780-char remark

    Show marketing remark (1780 chars)

    Welcome to Desert Shadows RV Resort Park! This furnished 2-bedroom, 1-bath turnkey mobile home offers comfort, space and convenience in a desirable Cathedral City location. Step inside to a spacious floor plan featuring raised ceilings in the living area, creating an open and airy feel. The galley kitchen comes fully equipped with an oven/range, refrigerator, dishwasher, microwave along with cooking and eating essentials. The living room with soaring ceilings opens directly to the kitchen and bedroom loft above for that perfect night's sleep. The second bedroom, currently used as an office/storage area, includes a Murphy bed, desk and plenty of closet space. The bathroom showcases a round tempered glass vessel sink and shower. Outside features an entry deck for your morning coffee with stunning mountain views. The covered carport for one automobile also highlights a dining area right next to the outdoor grill and further back is a storage shed for keepsakes along with a citrus tree and another little patio area for sunbathing and hanging out. A laundry facility is conveniently located across the street. Each of the 460 individually owned HOA lots has a metered 50-amp electric service and includes water, sewer, trash/recycling, Spectrum cable and High-Speed Internet. The resort is a gated senior 55 plus community and includes a thriving pickleball community, tennis courts, 6 swimming pools including a large lap pool, a fully equipped fitness center, a world-class indoor shuffleboard pavilion, wood shop, two large clubhouses and so much more. Don't miss this chance to own an affordable desert escape with unbeatable convenience! Call or text today for the lockbox combination. Lockbox located to the left of the front entry stairs on outdoor water faucet.

19. 2025-09-23
    status Active
20. 2025-03-06
    price
21. 2024-10-16
    listed Active
22. 2024-10-13
    historical
23. 2024-10-04
    listed $134,900 Active
24. 2004-05-14
    soldstatus $28,000
25. 1995-04-13
    soldstatus $20,000

ⓘ 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: $399 · $33/mo
• Projected year-2 tax: $965 · $80/mo
• Expected delta: +$566/yr (+$47/mo · 141.9%)

ⓘ 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 6 d/yr ≥113°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: $25,910
• − Mortgage interest: −$7,114
• − Property taxes: −$399
• − Insurance: −$635
• − Repairs & maintenance: −$2,073
• − Management: −$2,073
• − HOA: −$5,040
• − Depreciation: −$3,695
• Taxable income: $4,882
• Est. tax owed @ 24.0%: −$1,172
• After-tax cash flow: $5,231/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

+545.0% since first listed

11 events — show timeline

• 2026-05-03 Relisted — TheMLS
• 2026-01-14 Price Changed $129,000 TheMLS
• 2025-11-11 Price Changed $134,000 TheMLS
• 2025-10-16 Listed $139,000 TheMLS
• 2025-09-23 Relisted — TheMLS
• 2025-03-06 Price Changed — TheMLS
• 2024-10-16 Listed — TheMLS
• 2024-10-13 Listing Removed — CRMLS
• 2024-10-04 Listed $134,900 CRMLS
• 2004-05-14 Sold (Public Records) $28,000 Public Records
• 1995-04-13 Sold (Public Records) $20,000 Public Records

Property tax history

+1.1%/yr

Latest (2014): $399 · -1.6% YoY. Source: county tax records.