84136 Avenue 44, #321 #321 · Indio, CA 92203

$79,500

1 bd · 1.0 ba · 400 sqft · Manufactured · 63 Days on market

Built 1991 2,061 sqft lot $199/sqft · 34% below area Est $120k · 34% under $570/mo HOA · 33% 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 +29.5/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Schools +3.8/10.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 2,061 sq ft lot
• Garage
• Built 1991

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $80k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 4.3% in Indio — 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 53/100 on livability (#927 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing B+; Watch: employment D, schools F, crime 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 fast (+11.6%/yr); 441 active listings in the ZIP; solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k 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 + 8.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 5→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,730 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% 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. Crime grade is F 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?
7. 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.
8. 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.
9. 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: 2.15% ✓
• Cap rate: 10.60%
• Cash-on-cash: 15.39%
• DSCR: 1.68
• GRM: 3.9

CMA / ARV

• ARV (median comp): $120,196
• List price: $79,500
• Delta: -33.86%
• 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
84136 84136 Avenue 44, #325 #325	0.03mi	1/1.0	400 (0%)	2mo	$79,000	$198	97
84136 Avenue 44 #477	0.08mi	1/1.0	400 (0%)	1mo	$95,000	$238	95
84136 Ave 44, #567 #567	0.08mi	1/1.0	400 (0%)	2mo	$90,000	$225	95
84136 Ave 44, #262 #262	0.15mi	1/1.0	400 (0%)	0mo	$192,500	$481	93
84136 Ave 44, #385 #385	0.13mi	1/1.0	400 (0%)	3mo	$178,000	$445	92
84136 Ave 44, #29 #29	0.18mi	1/1.0	400 (0%)	1mo	$90,000	$225	90
84136 Avenue 44, #449 #449	0.16mi	1/1.0	400 (0%)	3mo	$230,000	$575	90
754 Ave 44 #754	0.20mi	1/1.0	400 (0%)	3mo	$101,500	$254	88
84136 Ave 44 #122	0.22mi	1/1.0	400 (0%)	2mo	$125,000	$313	88
84136 Ave 44, #744 #744	0.27mi	1/1.0	400 (0%)	2mo	$176,000	$440	86
84136 Ave 44, 675 #675	0.27mi	1/1.0	400 (0%)	3mo	$205,000	$513	85
84136 Ave 44, 658 #658	0.26mi	1/1.0	400 (0%)	3mo	$102,500	$256	85

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 15.0%
• Equity multiple: 1.66×
• Total profit: $14,699
• Equity at exit: $11,854

10-year hold

• IRR: 28.8%
• Equity multiple: 4.54×
• Total profit: $78,805
• Equity at exit: $6,874

Cash invested: $22,260 (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 92203

• Home prices YoY: -25.0%
• Rents YoY: 11.6%
• Active inventory: 441
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,712 medium
• Mortgage (P&I): −$417
• Tax from tax record: −$47 /mo · $566/yr
• Insurance: −$33
• HOA: −$570
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $286

Break-even live

Break-even rent $1,351

Max offer price $79,500

Occupancy floor 78%

Sensitivity live

Price	-10% $331	-5% $308	+0% $286	+5% $263	+10% $241
Rent	-10% $150	-5% $218	+0% $286	+5% $353	+10% $421
Rate	-1.0pp $326	-0.5pp $306	base $286	+0.5pp $265	+1.0pp $244

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $570 · $6,840/yr

Listing history 26 events

1. 2026-06-18
   days on market $79,500 Active 63 DOM
2. 2026-06-17
   days on market $79,500 Active 62 DOM
3. 2026-06-16
   days on market $79,500 Active 61 DOM
4. 2026-06-15
   days on market $79,500 Active 60 DOM
5. 2026-06-13
   days on market $79,500 Active 58 DOM
6. 2026-06-09
   days on market $79,500 Active 54 DOM
7. 2026-06-08
   days on market $79,500 Active 53 DOM
8. 2026-06-07
   days on market $79,500 Active 52 DOM
9. 2026-06-04
   days on market $79,500 Active 49 DOM
10. 2026-06-03
    days on market $79,500 Active 48 DOM
11. 2026-06-02
    days on market $79,500 Active 47 DOM
12. 2026-06-01
    days on market $79,500 Active 46 DOM
13. 2026-05-31
    days on market $79,500 Active 45 DOM
14. 2026-05-12
    price $79,500
15. 2026-03-17
    listed $84,500 Active
16. 2025-08-30
    listed Active
17. 2020-07-10
    historical
18. 2020-07-09
    soldstatus $58,000 Closed
19. 2020-07-08
    soldstatus $35,000
20. 2020-06-11
    status Pending
21. 2020-02-17
    price $59,999
22. 2020-01-21
    price $64,999
23. 2019-12-26
    price $72,999
24. 2019-12-26
    price $58,999
25. 2019-12-12
    price $49,999
26. 2019-12-02
    listed $72,999 Active

ⓘ 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: $566 · $47/mo
• Projected year-2 tax: $604 · $50/mo
• Expected delta: +$38/yr (+$3/mo · 6.7%)

ⓘ 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 6/10 Major
• 🌡 Heat 10/10 Extreme 5 d/yr ≥115°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,549
• − Mortgage interest: −$4,453
• − Property taxes: −$566
• − Insurance: −$398
• − Repairs & maintenance: −$1,644
• − Management: −$1,644
• − HOA: −$6,840
• − Depreciation: −$2,313
• Taxable income: $2,691
• Est. tax owed @ 24.0%: −$646
• After-tax cash flow: $2,781/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 — Indio

• Score: 53/100
• State rank: #927
• US rank: #24244

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indio, CA
• County: Riverside County · 2,287,001 people
• City population: 100,560
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 34,735
• Household income: $97,311
• Rent vs Own: 20.2% rent · 79.8% own
• Severe rent burden: 565.0

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 0.57)
• Race & ethnicity: Hispanic / Latino 51% White 41% Two or more races 29% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 48%
• Common ancestry: Italian 3% Lithuanian 2% Romanian 2%
• Foreign-born: 14% · Canada
• Languages at home: 64% English-only · Spanish 33% Tagalog/Filipino 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: ▼ -98.51%
• Current HPI: 295.6456
• Rent YoY: ▲ 11.64%
• 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

+8.9% since first listed

13 events — show timeline

• 2026-05-12 Price Changed $79,500 GPSMLS
• 2026-03-17 Listed $84,500 GPSMLS
• 2025-08-30 Listed — TheMLS
• 2020-07-10 Listing Removed — GPSMLS
• 2020-07-09 Sold (MLS) $58,000 GPSMLS
• 2020-07-08 Sold (Public Records) $35,000 Public Records
• 2020-06-11 Pending — GPSMLS
• 2020-02-17 Price Changed $59,999 GPSMLS
• 2020-01-21 Price Changed $64,999 GPSMLS
• 2019-12-26 Price Changed $72,999 GPSMLS
• 2019-12-26 Price Changed $58,999 GPSMLS
• 2019-12-12 Price Changed $49,999 GPSMLS
• 2019-12-02 Listed $72,999 GPSMLS

Property tax history

+0.3%/yr

Latest (2013): $566 · -3.9% YoY. Source: county tax records.