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23 Don Quixote Dr
B- Composite 65.16
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 +23.8/30.0
  • ARV discount +14.1/15.0
  • DSCR +7.7/10.0
  • 1% rule +7.3/10.0
  • Schools +3.8/10.0
  • Rent growth +3.4/5.0
  • Livability +2.6/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$425,000

23 Don Quixote Dr · Rancho Mirage, CA 92270
2 bd · 2.0 ba · 1,270 sqft · Condo public records · 47 Days on market
Built 1978 $335/sqft · 15% below area Est $498k · 15% under $614/mo HOA · 12% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

Key facts

  • $614 HOA
  • 2 garage spots
  • Community pool

Property features AI

Finance

  • Other: Furniture included per inventory list; Disclosures: CC&R and Homeowners Association; Listing terms: conventional, cash, other; Possession at close of escrow; Not available for short-term rental or lease
  • HOA & community: Monthly HOA fee of $614; Community amenities: clubhouse, tennis courts, golf course, fitness center; Gated community; Development includes a golf course

Exterior

  • Parking: Attached 2-car garage; Driveway parking (total 2 spaces)
  • Security: Gated community
  • Utilities: Sewer connected and paid; Part of a PUD
  • Home design: Condominium (attached); Single-story (ground level, no unit above)
  • Construction: Year built: other (source: other)
  • Exterior features: Gated community; Community pool (in-ground); In-ground hot tub/spa; Lakefront; Golf course and mountain views; Fee simple land

Interior

  • Kitchen: Refrigerator; Dishwasher
  • Flooring: Carpet; Tile
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Forced air heating; Central air conditioning
  • Interior features: Turnkey furnishing
  • Laundry & utility: Washer; Dryer

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $425k.

Deal economics

  • At list price, monthly cash flow is $820 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($5k rent vs $425k).
  • Recommended offer: $412k (3.0% below list) — sets the bar for market timing.
  • Cap rate 8.6% vs local median 3.0% in Rancho Mirage — 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 (#1,065 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A+; Watch: amenities F, commute F, cost of living 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 (+3.7%/yr); 529 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
  • At $5,220/mo this rent would consume 58% of the median local household income ($107k/yr) (locally 498% 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 $3k of loan paydown is wiped out by about $13k 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 47 days — a 3% lower offer ($412k) is reasonable based on typical stale-listing flexibility.
  • 12 sale attempts since 27y 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 $200k; list at $425k implies a 112% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $412,250 (3.0% below list)

Questions for the listing agent

  1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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 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
1.23%
Cap rate
8.61%
Cash-on-cash
8.27%
DSCR
1.37
GRM
6.8

CMA / ARV

ARV (median comp)
$498,118
List price
$425,000
Delta
-14.68%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.72% rent growth · sell at horizon

5-year hold
IRR
-2.8%
Equity multiple
0.89×
Total profit
$-12,532
Equity at exit
$63,369
10-year hold
IRR
7.8%
Equity multiple
1.62×
Total profit
$73,425
Equity at exit
$36,746

Cash invested: $119,000 (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.

ZIP-level market 92270

Rents YoY
3.7%
Active inventory
529
Price-to-rent
6.8×

Monthly cashflow live

Estimated rent
$5,220 high interval (Pro) →
Mortgage (P&I)
$2,229
Tax from tax record
$284 /mo · $3,403/yr
Insurance
$177
HOA
$614
Vacancy / Maint / Mgmt
$1,096
Net cashflow
$820

Break-even live

Break-even rent $4,182
Max offer price $425,000
Occupancy floor 79%

Sensitivity live

Price -10% $1,061 -5% $940 +0% $820 +5% $700 +10% $579
Rent -10% $408 -5% $614 +0% $820 +5% $1,026 +10% $1,232
Rate -1.0pp $1,034 -0.5pp $928 base $820 +0.5pp $710 +1.0pp $598

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
$106,250
Closing costs
$12,750
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
21 Don Quixote Dr Rancho Mirage, CA 2.0 2.0 1270 $4,000 $3.15 25d 1 0.03mi
68 El Toro Dr Rancho Mirage, CA 2.0 2.0 1381 $4,000 $2.90 25d 1 0.06mi
223 Serena Dr Palm Desert, CA 3.0 2.0 1584 $4,800 $3.03 44d 1 0.14mi
223 Serena Dr Palm Desert, CA 3.0 2.0 1584 $4,800 $3.03 18d 1 0.14mi
221 Serena Dr Palm Desert, CA 2.0 2.0 1347 $5,500 $4.08 44d 1 0.14mi
207 Serena Dr Palm Desert, CA 2.0 2.0 1584 $5,900 $3.72 44d 1 0.16mi
203 Serena Dr Palm Desert, CA 2.0 2.0 1303 $3,000 $2.30 3d 1 0.16mi
36 El Toro Dr Rancho Mirage, CA 2.0 2.0 1270 $4,000 $3.15 25d 1 0.17mi
242 Serena Dr Palm Desert, CA 2.0 2.0 1347 $5,300 $3.93 44d 1 0.18mi
291 Serena Dr Palm Desert, CA 2.0 1.5 1303 $5,300 $4.07 44d 1 0.24mi
293 Serena Dr Palm Desert, CA 2.0 2.0 1670 $5,500 $3.29 44d 1 0.24mi
235 Santa Barbara Cir Palm Desert, CA 3.0 3.0 1800 $7,500 $4.17 44d 1 0.25mi
261 Santa Barbara Cir Palm Desert, CA 2.0 2.0 1656 $5,800 $3.50 44d 1 0.25mi
240 Santa Barbara Cir Palm Desert, CA 2.0 2.0 1457 $6,000 $4.12 25d 1 0.28mi
134 Las Lomas Palm Desert, CA 2.0 2.0 1584 $7,500 $4.73 44d 1 0.28mi
246 Santa Barbara Cir Palm Desert, CA 2.0 2.0 1656 $9,000 $5.43 44d 1 0.28mi
254 Santa Barbara Cir Palm Desert, CA 2.0 2.0 1656 $8,000 $4.83 44d 1 0.28mi
144 Las Lomas Palm Desert, CA 2.0 2.0 1584 $6,600 $4.17 0d 1 0.31mi
278 San Vicente Cir Palm Desert, CA 2.0 2.0 1656 $5,200 $3.14 44d 1 0.32mi
45 Cueta Dr Rancho Mirage, CA 2.0 2.0 1270 $3,000 $2.36 44d 1 0.32mi
214 La Paz Way Palm Desert, CA 2.0 1.5 1670 $6,700 $4.01 44d 1 0.33mi
110 Giralda Cir Palm Desert, CA 2.0 2.0 1584 $7,000 $4.42 44d 1 0.35mi
294 San Vicente Cir Palm Desert, CA 2.0 2.0 1584 $5,300 $3.35 44d 1 0.35mi
16 Tortosa Dr Rancho Mirage, CA 3.0 2.0 1720 $7,495 $4.36 44d 1 0.35mi
114 Giralda Cir Palm Desert, CA 2.0 2.0 1303 $5,500 $4.22 44d 1 0.36mi
320 Paseo Primavera Palm Desert, CA 2.0 2.0 1303 $3,000 $2.30 44d 1 0.38mi
281 Tolosa Cir Palm Desert, CA 2.0 2.0 1303 $5,500 $4.22 44d 1 0.39mi
177 Las Lomas Palm Desert, CA 2.0 2.0 1800 $7,500 $4.17 44d 1 0.41mi
280 Tolosa Cir Palm Desert, CA 2.0 2.0 1347 $6,000 $4.45 25d 1 0.41mi
280 Tolosa Cir Palm Desert, CA 2.0 2.0 1347 $6,000 $4.45 44d 1 0.41mi
138 Gran Via Palm Desert, CA 2.0 2.0 1457 $5,500 $3.77 44d 1 0.43mi
264 Avenida del Sol Palm Desert, CA 2.0 2.0 1800 $6,000 $3.33 44d 1 0.44mi
347 Gran Via Palm Desert, CA 2.0 2.0 1303 $5,500 $4.22 44d 1 0.45mi
345 Gran Via Palm Desert, CA 2.0 2.0 1584 $5,500 $3.47 44d 1 0.45mi
205 Las Lomas Palm Desert, CA 2.0 2.0 1457 $6,000 $4.12 44d 1 0.46mi
101 Juan Cir Palm Desert, CA 2.0 2.0 1600 $6,500 $4.06 44d 1 0.47mi
314 Gran Via Ct Palm Desert, CA 2.0 1.5 1303 $4,700 $3.61 44d 1 0.47mi
389 Gran Via Palm Desert, CA 3.0 2.0 1670 $3,750 $2.25 25d 1 0.48mi
217 Las Lomas Palm Desert, CA 2.0 2.0 1656 $6,300 $3.80 44d 1 0.48mi
20 San Sebastian Dr Rancho Mirage, CA 2.0 2.0 1380 $2,950 $2.14 44d 1 0.49mi

HOA detail condo

Monthly dues
$614 · $7,368/yr
Likely covers
waterpoolgym
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-06-18
    days on market $425,000 Active 47 DOM
  2. 2026-06-17
    days on market $425,000 Active 46 DOM
  3. 2026-06-16
    days on market $425,000 Active 45 DOM
  4. 2026-06-15
    days on market $425,000 Active 44 DOM
  5. 2026-06-13
    days on market $425,000 Active 42 DOM
  6. 2026-06-09
    days on market $425,000 Active 38 DOM
  7. 2026-06-08
    days on market $425,000 Active 37 DOM
  8. 2026-06-07
    days on market $425,000 Active 36 DOM
  9. 2026-06-04
    days on market $425,000 Active 33 DOM
  10. 2026-06-03
    days on market $425,000 Active 32 DOM
  11. 2026-06-02
    days on market $425,000 Active 31 DOM
  12. 2026-06-01
    days on market $425,000 Active 30 DOM
  13. 2026-05-31
    days on market $425,000 Active 29 DOM
  14. 2026-05-02
    listed $425,000 Active 1176-char remark
  15. 2026-05-01
    historical $425,000 1176-char remark
  16. 2026-02-16
    historical $4,300
  17. 2025-12-16
    price $4,300
  18. 2025-10-31
    price $4,700
  19. 2025-09-19
    listed $5,000
  20. 2024-03-14
    historical
  21. 2023-12-01
    price $474,000
  22. 2023-09-18
    listed $484,999 Active
  23. 2017-03-17
    soldstatus $200,000 Closed
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  24. 2017-03-14
    status Pending
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  25. 2017-03-08
    status Backup Offers Accepted
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  26. 2017-03-07
    status Active
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  27. 2017-02-21
    status Backup Offers Accepted
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  28. 2017-02-16
    price $215,000
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  29. 2017-01-26
    price $225,000
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  30. 2016-10-31
    status Active
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  31. 2016-10-18
    status Backup Offers Accepted
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  32. 2016-10-05
    price $229,500
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  33. 2016-08-02
    listed $235,000 Active
    Show marketing remark (732 chars)

    The most affordable two bedroom condo in Rancho Las Palmas, this unit is priced to sell and would make a great primary or vacation home, or an investment property. There are picturesque mountain, water and golf course views from the master bedroom, living room and back patio. Entertaining and dining can be had in the front courtyard, dining area and rear patio. There is parking for two cars in the attached garage. Very conveniently located both within the community and in Rancho Mirage. Pools, spas, fitness center, clubhouse, golf, tennis courts, the amenities are many. The River Complex is located right across the street from Rancho Las Palmas, with its' abundance of restaurants and shops. Motivated seller, make an offer!

  34. 2016-07-12
    historical
  35. 2016-04-13
    listed $235,000 Active
  36. 2016-04-12
    historical
  37. 2016-03-01
    price $259,000
  38. 2015-11-05
    listed $269,000 Active
  39. 2007-06-18
    historical
  40. 2007-04-21
    price
  41. 2007-03-06
    price
  42. 2007-01-12
    listed
  43. 2006-12-13
    historical
  44. 2006-08-05
    listed
  45. 2004-04-06
    soldstatus $290,000
  46. 2004-03-03
    historical
  47. 2004-02-18
    listed $299,000
  48. 1999-08-27
    soldstatus $428,000
  49. 1999-08-27
    soldstatus $151,500
  50. 1999-06-29
    historical

ⓘ 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
$3,403 · $284/mo
Projected year-2 tax
$3,403 · $284/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 · 0% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥114°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$62,634
− Mortgage interest
−$23,807
− Property taxes
−$3,403
− Insurance
−$2,125
− Repairs & maintenance
−$5,011
− Management
−$5,011
− HOA
−$7,368
− Depreciation
−$12,364
Taxable income
$3,546
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$851
After-tax cash flow
$8,989/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 — Rancho Mirage

Score
51/100
State rank
#1065
US rank
#25255

Category grades

Amenities F Commute F Cost of living F Crime B- Employment A+ Housing C+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Rancho Mirage, CA
County
Riverside County · 2,287,001 people
City population
17,563
Metro
Riverside-San Bernardino-Ontario, CA
Population (ZIP)
17,563
Household income
$107,364
Rent vs Own
18.0% rent · 82.0% own
Severe rent burden
498.0

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
Predominantly White (77%)
Race & ethnicity
White 77% Hispanic / Latino 15% Two or more races 6% Asian 4% Black 2%
Hispanic origin (detail)
Mexican 12%
Common ancestry
Slovak 4% Romanian 3% Lithuanian 3%
Foreign-born
17% · Canada, South Korea, China
Languages at home
81% English-only · Spanish 11% Other Indo-European 3% French/Haitian/Cajun 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
▼ -210.99%
Current HPI
282.2957
Rent YoY
▲ 3.72%
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

Price history

+224.4% since first listed
40 events — show timeline
  • 2026-05-02 Listed $425,000 GPSMLS
  • 2026-05-01 Coming Soon $425,000 GPSMLS
  • 2026-02-16 Rental Removed $4,300 CRMLS
  • 2025-12-16 Price Changed $4,300 CRMLS
  • 2025-10-31 Price Changed $4,700 CRMLS
  • 2025-09-19 Listed for Rent $5,000 CRMLS
  • 2024-03-14 Listing Removed GPSMLS
  • 2023-12-01 Price Changed $474,000 GPSMLS
  • 2023-09-18 Listed $484,999 GPSMLS
  • 2017-03-17 Sold (MLS) $200,000 GPSMLS
  • 2017-03-14 Pending GPSMLS
  • 2017-03-08 Pending GPSMLS
  • 2017-03-07 Relisted GPSMLS
  • 2017-02-21 Pending GPSMLS
  • 2017-02-16 Price Changed $215,000 GPSMLS
  • 2017-01-26 Price Changed $225,000 GPSMLS
  • 2016-10-31 Relisted GPSMLS
  • 2016-10-18 Pending GPSMLS
  • 2016-10-05 Price Changed $229,500 GPSMLS
  • 2016-08-02 Listed $235,000 GPSMLS
  • 2016-07-12 Listing Removed GPSMLS
  • 2016-04-13 Listed $235,000 GPSMLS
  • 2016-04-12 Listing Removed GPSMLS
  • 2016-03-01 Price Changed $259,000 GPSMLS
  • 2015-11-05 Listed $269,000 GPSMLS
  • 2007-06-18 Delisted PALM
  • 2007-04-21 Price Changed PALM
  • 2007-03-06 Price Changed PALM
  • 2007-01-12 Listed PALM
  • 2006-12-13 Delisted PALM
  • 2006-08-05 Listed PALM
  • 2004-04-06 Sold (Public Records) $290,000 Public Records
  • 2004-03-03 Listing Removed GPSMLS
  • 2004-02-18 Listed $299,000 GPSMLS
  • 1999-08-27 Sold (Public Records) $151,500 Public Records
  • 1999-08-27 Sold (Public Records) $428,000 Public Records
  • 1999-06-29 Listing Removed GPSMLS
  • 1999-06-18 Listed $152,500 GPSMLS
  • 1997-02-13 Sold (Public Records) $90,000 Public Records
  • 1988-08-04 Sold (Public Records) $131,000 Public Records

Property tax history

-0.9%/yr

Latest (2025): $3,403 · +2.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…