69801 Ramon #185 · Cathedral City, CA 92234

$115,000

2 bd · 1.0 ba · 600 sqft · Manufactured · 149 Days on market

Built 2000 1,742 sqft lot $192/sqft · 14% below area Est $133k · 14% under $420/mo HOA · 19% of rent ↓ 10% since listing

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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 +13.6/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Welcome to Desert Shadows RV Resort – Where Resort Living Meets Desert Charm! This charming, Park Model is located in the highly sought-after 55+ seasonal living community of Desert Shadows RV Resort, where you own the land with a Grant Deed lot. Thoughtfully designed and beautifully maintained, this one-bedroom, one-bath home features a spacious California Room filled with natural light and stunning mountain views, creating a warm and inviting desert retreat. The interior showcases stylish flooring, tasteful wood accents, and a cozy yet functional layout ideal for relaxed living or entertaining. A private storage shed provides added convenience, while high-speed internet and cable ensure modern connectivity. Residents enjoy a gated, resort-style community offering an unmatched array of amenities. Highlights include six swimming pools (indoor Olympic-length lap pool, outdoor lap pool, and resort pools), five spas, and three saunas. Stay active with sunken, lighted tennis courts, eight pickleball courts, an indoor shuffleboard pavilion, a fully equipped fitness center, dance studio, and putting green. Social and recreational options abound with two main clubhouses plus three satellite clubhouses, a spectacular 16,000-square-foot ballroom (San Jacinto Room) with floating hardwood dance floor, professional stage, and catering kitchen, as well as the popular “Our Gang” lounge featuring a grand fireplace and seasonal Bingo. Additional amenities include a library, billiards room, art room with pottery kiln, horseshoe pits, picnic areas, and scenic terraces with breathtaking mountain views. The community hosts daily activities, dances, dinners, and live entertainment, fostering an active and welcoming lifestyle. The HOA includes water, trash, cable TV, high-speed Spectrum internet, and common-area maintenance, making this an exceptional value. Conveniently located near shopping, dining, and local attractions, this property offers the perfect blend of comfort, community, and desert living. A must-see opportunity in one of the Coachella Valley’s premier 55+ resort communities!

Key facts

• Gated community
• California room
• Private storage shed

Tags

• DESERT SHADOWS RV RESORT
• GRANT DEED LOT
• CALIFORNIA ROOM
• MOUNTAIN VIEWS
• PRIVATE STORAGE SHED
• GATED COMMUNITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $592 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% 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 $795 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 5→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 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: 1.88% ✓
• Cap rate: 12.47%
• Cash-on-cash: 22.07%
• DSCR: 1.98
• GRM: 4.4

CMA / ARV

• ARV (median comp): $133,162
• List price: $115,000
• Delta: -6.13%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
69801 Ramon #93	0.09mi	1/1.0 (-1)	600 (0%)	0mo	$165,000	$275	90
69801 Ramon Rd #343	0.08mi	1/1.0 (-1)	600 (0%)	1mo	$119,000	$198	90
69801 Ramon #319	0.16mi	1/1.0 (-1)	600 (0%)	1mo	$150,000	$250	87
69801 Ramon Rd #15	0.17mi	2/1.0	600 (0%)	7mo	$130,000	$217	86
69801 Ramon Rd #365	0.12mi	1/1.0 (-1)	600 (0%)	5mo	$110,000	$183	86
69801 Ramon Rd #369	0.17mi	1/1.0 (-1)	600 (0%)	6mo	$153,000	$255	82
69801 Ramon Rd #4	0.17mi	1/1.0 (-1)	600 (0%)	7mo	$135,000	$225	81
69801 Ramon Rd #236	0.14mi	2/1.0	600 (0%)	18mo	$195,000	$325	78
69801 Ramon Rd #19	0.11mi	2/1.0	600 (0%)	21mo	$135,000	$225	77
69801 Ramon Rd #94	0.10mi	1/1.0 (-1)	600 (0%)	17mo	$117,000	$195	76
69801 Ramon Rd #36	0.11mi	1/1.0 (-1)	600 (0%)	20mo	$117,000	$195	73

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: 15.2%
• Equity multiple: 1.61×
• Total profit: $19,798
• Equity at exit: $17,147

10-year hold

• IRR: 24.2%
• Equity multiple: 3.13×
• Total profit: $68,720
• Equity at exit: $9,943

Cash invested: $32,200 (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: 4.4×

Monthly cashflow live

• Estimated rent: $2,159 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$42 /mo · $510/yr
• Insurance: −$48
• HOA: −$420
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $592

Break-even live

Break-even rent $1,409

Max offer price $115,000

Occupancy floor 68%

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: $28,750
• Closing costs: $3,450
• 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	0.08mi
32200 Cathedral Canyon Dr #31 Cathedral City, CA	1.0	1.0	740	$1,550	$2.09	24d	1	1.30mi

HOA detail

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

Listing history 17 events

1. 2026-06-18
   price $115,000 Active 149 DOM
2. 2026-06-18
   days on market $125,000 Active 149 DOM
3. 2026-06-17
   days on market $125,000 Active 148 DOM
4. 2026-06-16
   days on market $125,000 Active 147 DOM
5. 2026-06-15
   days on market $125,000 Active 146 DOM
6. 2026-06-13
   days on market $125,000 Active 144 DOM
7. 2026-06-13
   days on market $125,000 Active 143 DOM
8. 2026-06-09
   days on market $125,000 Active 140 DOM
9. 2026-06-08
   days on market $125,000 Active 139 DOM
10. 2026-06-07
    days on market $125,000 Active 138 DOM
11. 2026-06-04
    days on market $125,000 Active 135 DOM
12. 2026-06-03
    days on market $125,000 Active 134 DOM
13. 2026-06-02
    days on market $125,000 Active 133 DOM
14. 2026-06-01
    days on market $125,000 Active 132 DOM
15. 2026-05-31
    days on market $125,000 Active 131 DOM
16. 2026-03-18
    price $125,000 2128-char remark

    Show marketing remark (2128 chars)

    Welcome to Desert Shadows RV Resort – Where Resort Living Meets Desert Charm! This charming, Park Model is located in the highly sought-after 55+ seasonal living community of Desert Shadows RV Resort, where you own the land with a Grant Deed lot. Thoughtfully designed and beautifully maintained, this one-bedroom, one-bath home features a spacious California Room filled with natural light and stunning mountain views, creating a warm and inviting desert retreat. The interior showcases stylish flooring, tasteful wood accents, and a cozy yet functional layout ideal for relaxed living or entertaining. A private storage shed provides added convenience, while high-speed internet and cable ensure modern connectivity. Residents enjoy a gated, resort-style community offering an unmatched array of amenities. Highlights include six swimming pools (indoor Olympic-length lap pool, outdoor lap pool, and resort pools), five spas, and three saunas. Stay active with sunken, lighted tennis courts, eight pickleball courts, an indoor shuffleboard pavilion, a fully equipped fitness center, dance studio, and putting green. Social and recreational options abound with two main clubhouses plus three satellite clubhouses, a spectacular 16,000-square-foot ballroom (San Jacinto Room) with floating hardwood dance floor, professional stage, and catering kitchen, as well as the popular “Our Gang” lounge featuring a grand fireplace and seasonal Bingo. Additional amenities include a library, billiards room, art room with pottery kiln, horseshoe pits, picnic areas, and scenic terraces with breathtaking mountain views. The community hosts daily activities, dances, dinners, and live entertainment, fostering an active and welcoming lifestyle. The HOA includes water, trash, cable TV, high-speed Spectrum internet, and common-area maintenance, making this an exceptional value. Conveniently located near shopping, dining, and local attractions, this property offers the perfect blend of comfort, community, and desert living. A must-see opportunity in one of the Coachella Valley’s premier 55+ resort communities!

17. 2026-01-20
    listed $139,000 Active 2128-char remark

    Show marketing remark (2128 chars)

    Welcome to Desert Shadows RV Resort – Where Resort Living Meets Desert Charm! This charming, Park Model is located in the highly sought-after 55+ seasonal living community of Desert Shadows RV Resort, where you own the land with a Grant Deed lot. Thoughtfully designed and beautifully maintained, this one-bedroom, one-bath home features a spacious California Room filled with natural light and stunning mountain views, creating a warm and inviting desert retreat. The interior showcases stylish flooring, tasteful wood accents, and a cozy yet functional layout ideal for relaxed living or entertaining. A private storage shed provides added convenience, while high-speed internet and cable ensure modern connectivity. Residents enjoy a gated, resort-style community offering an unmatched array of amenities. Highlights include six swimming pools (indoor Olympic-length lap pool, outdoor lap pool, and resort pools), five spas, and three saunas. Stay active with sunken, lighted tennis courts, eight pickleball courts, an indoor shuffleboard pavilion, a fully equipped fitness center, dance studio, and putting green. Social and recreational options abound with two main clubhouses plus three satellite clubhouses, a spectacular 16,000-square-foot ballroom (San Jacinto Room) with floating hardwood dance floor, professional stage, and catering kitchen, as well as the popular “Our Gang” lounge featuring a grand fireplace and seasonal Bingo. Additional amenities include a library, billiards room, art room with pottery kiln, horseshoe pits, picnic areas, and scenic terraces with breathtaking mountain views. The community hosts daily activities, dances, dinners, and live entertainment, fostering an active and welcoming lifestyle. The HOA includes water, trash, cable TV, high-speed Spectrum internet, and common-area maintenance, making this an exceptional value. Conveniently located near shopping, dining, and local attractions, this property offers the perfect blend of comfort, community, and desert living. A must-see opportunity in one of the Coachella Valley’s premier 55+ resort communities!

ⓘ 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: $510 · $42/mo
• Projected year-2 tax: $874 · $73/mo
• Expected delta: +$364/yr (+$30/mo · 71.4%)

ⓘ 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 5 d/yr ≥113°F today · 14 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: $25,911
• − Mortgage interest: −$6,442
• − Property taxes: −$510
• − Insurance: −$575
• − Repairs & maintenance: −$2,073
• − Management: −$2,073
• − HOA: −$5,040
• − Depreciation: −$3,345
• Taxable income: $5,853
• Est. tax owed @ 24.0%: −$1,405
• After-tax cash flow: $5,703/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

-10.1% since first listed

2 events — show timeline

• 2026-03-18 Price Changed $125,000 CRMLS
• 2026-01-20 Listed $139,000 CRMLS

Property tax history

+5.1%/yr

Latest (2014): $510 · -1.7% YoY. Source: county tax records.