322 Logenita St · Palm Springs, CA 92264

$115,000

2 bd · 2.0 ba · 840 sqft · Manufactured · 222 Days on market

Built 1969 Good condition 1,000 sqft lot $137/sqft · at area comps Est $117k · at est. ↓ 20% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.4/15.0
• Condition / age +3.8/5.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, Location, Welcome to Ramon Mobile Home an active 55+community, close to Ralph's Shopping Center, and within one mile of downtown Palm Springs and 3 miles to Palm Springs International Airport. This 2 Bedroom, 2 Bath mobile is perfect for those seeking a vacation getaway or a year-round residence. Incredible mountain views from the large covered Trex deck for entertaining or having your morning coffee or evening wine. It is being sold furnished so you can enjoy the resort lifestyle of Palm Springs. Residents enjoy many amenities, including a sparkling pool and spa, a clubhouse for social events shuffleboard courts, a library and exercise room. The kitchen has been updated with newer appliances including a dishwasher, built in microwave and a newer washer /dryer with many cabinets. It has a large island counter that opens up into the living room. The electrical system has been totally updated with a warranty. 3 Mini Split Heat/Air Conditioning units have been installed. and there is an evaporative cooler as well. The main bedroom has a slider and a bath with a shower. The second bedroom is currently being used as an office. and the bathroom has a tub/shower. The parking area is covered and can accommodate two vehicles tandem, with a storage shed. Mobiles can be rented for a minimum of 30 days with park approval. All buyers to qualify to purchase. Mo space rent will be $906+ utilities and $20.50 for sewer. All buyers must be approved to purchase by park management.

Key facts

• Shuffleboard courts
• Library
• 1,000 sq ft lot

Tags

• INCREDIBLE MOUNTAIN VIEWS
• LARGE COVERED TREX DECK
• SPARKLING POOL AND SPA
• CLUBHOUSE FOR SOCIAL EVENTS
• SHUFFLEBOARD COURTS
• LIBRARY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $906 ($11k/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 15.8% vs local median 2.7% in Palm Springs — 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 (#348 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+; Watch: schools C-, crime F, cost of living F.
• 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 soft (-0.4%/yr); 492 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); solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• This rent runs 33% of the median local income ($78k/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 + 0.0% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; extreme-heat days projected 8→23/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 222 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 1969 — 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. 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?
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: 1.87% ✓
• Cap rate: 15.75%
• Cash-on-cash: 33.78%
• DSCR: 2.50
• GRM: 4.5

CMA / ARV

• ARV (median comp): $117,240
• List price: $115,000
• Delta: -1.91%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 Wigwam St	0.02mi	2/2.0	840 (0%)	13mo	$199,900	$238	88
82 Cherokee St	0.14mi	2/1.0	896 (+7%)	15mo	$100,000	$112	66
336 Tomahawk St	0.03mi	2/1.0	743 (-12%)	15mo	$88,000	$118	63

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 2.02×
• Total profit: $32,821
• Equity at exit: $17,147

10-year hold

• IRR: 31.5%
• Equity multiple: 3.44×
• Total profit: $78,665
• 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 92264

• Rents YoY: -0.4%
• Active inventory: 492
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $2,153 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $906

Break-even live

Break-even rent $1,006

Max offer price $115,000

Occupancy floor 53%

Sensitivity live

Price	-10% $986	-5% $946	+0% $906	+5% $867	+10% $827
Rent	-10% $736	-5% $821	+0% $906	+5% $992	+10% $1,077
Rate	-1.0pp $964	-0.5pp $936	base $906	+0.5pp $877	+1.0pp $846

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
620 S Thornhill Rd Unit 6 Palm Springs, CA	1.0	1.0	656	$1,765	$2.69	25d	1	0.22mi
620 S Thornhill Rd Unit 3 Palm Springs, CA	2.0	1.0	700	$1,985	$2.84	25d	1	0.22mi
1111 E Ramon Rd Palm Springs, CA	2.0–3.0	2.0	1191	$2,800	$2.35	17d	2	0.32mi
1111 E Ramon Rd Palm Springs, CA	2.0–3.0	2.0	1191	$2,000	$1.68	25d	2	0.32mi
1050 E Ramon Rd Palm Springs, CA	2.0	2.0	1135	$3,264	$2.88	0d	3	0.35mi
311 S Sunrise Way Palm Springs, CA	2.0	1.0–2.0	688	$2,350	$3.42	25d	18	0.36mi
1745 E Arenas Rd Unit 11 Palm Springs, CA	2.0	2.0	900	$1,975	$2.19	44d	1	0.49mi
505 S Farrell Dr Palm Springs, CA	1.0–2.0	1.0–2.0	986	$2,700	$2.74	3d	4	0.57mi
280 S Avenida Caballeros #129 Palm Springs, CA	1.0	1.5	767	$1,699	$2.22	25d	1	0.59mi
120 S Saturmino Dr Unit 07 Palm Springs, CA	2.0	1.0	850	$1,690	$1.99	45d	1	0.62mi
788 N Riverside Dr Palm Springs, CA	1.0	1.0	725	$1,648	$2.27	44d	1	0.63mi
900 E Saturnino Rd Palm Springs, CA	1.0–3.0	1.0–2.0	1020	$2,222	$2.18	0d	6	0.66mi
500 S Farrell Dr Palm Springs, CA	1.0–2.0	1.0–2.0	986	$5,700	$5.78	44d	3	0.70mi
777 E San Lorenzo Rd Unit 3 Palm Springs, CA	1.0	1.0	550	$1,765	$3.21	19d	1	0.72mi
594 Calle Abronia S Unit 03 Palm Springs, CA	2.0	2.0	662	$1,895	$2.86	44d	1	0.74mi
722 E San Lorenzo Rd Palm Springs, CA	3.0	1.0–2.0	750	$2,015	$2.69	8d	3	0.75mi
671 S Riverside Dr Unit 6 Palm Springs, CA	2.0	2.0	900	$1,985	$2.21	25d	1	0.76mi
583 Calle Abronia S Unit A Palm Springs, CA	2.0	1.0	760	$2,299	$3.02	44d	1	0.77mi
585 Calle Abronia S Unit B Palm Springs, CA	1.0	1.0	750	$2,100	$2.80	44d	1	0.77mi
300 S Calle El Segundo Palm Springs, CA	1.0–2.0	1.0	554	$1,671	$3.02	4d	1	0.79mi
2300 E Tahquitz Canyon Way Palm Springs, CA	1.0–2.0	1.0–2.0	851	$2,045	$2.40	11d	6	0.83mi
1530 E Palm Canyon Dr Unit 209 Palm Springs, CA	2.0	2.0	740	$2,595	$3.51	3d	1	0.85mi
2900 E Ramon Rd Palm Springs, CA	1.0–2.0	1.0	626	$2,150	$3.43	0d	7	0.86mi
1428 S Camino Real Palm Springs, CA	2.0	2.0	1054	$2,300	$2.18	44d	1	0.86mi
1400 E Palm Canyon Dr Unit 113 Palm Springs, CA	1.0	1.0	800	$1,995	$2.49	44d	1	0.87mi
2580 E Tahquitz Canyon Way Unit 103 Palm Springs, CA	1.0	1.0	750	$1,550	$2.07	25d	1	0.90mi
2580 E Tahquitz Canyon Way Palm Springs, CA	1.0	1.0	625	$1,550	$2.48	17d	2	0.90mi
2580 E Tahquitz Canyon Way Unit 107 Palm Springs, CA	1.0	1.0	750	$1,500	$2.00	25d	1	0.90mi
1655 E Palm Canyon Dr Palm Springs, CA	1.0	1.0	755	$2,000	$2.65	8d	3	0.90mi
1655 E Palm Canyon Dr Palm Springs, CA	1.0	1.0	755	$2,122	$2.81	44d	3	0.90mi
1655 E Palm Canyon Dr Palm Springs, CA	1.0	1.0	755	$2,350	$3.11	25d	2	0.90mi
1100 E Amado Rd Palm Springs, CA	2.0	2.0	849	$1,948	$2.29	20d	1	0.96mi
449 E Arenas Rd Palm Springs, CA	2.0	1.0–2.0	715	$2,395	$3.35	8d	1	0.96mi
2720 E Tahquitz Canyon Way Palm Springs, CA	1.0–2.0	1.0–2.0	855	$2,100	$2.46	0d	9	0.99mi
1111 E Palm Canyon Dr Palm Springs, CA	1.0	1.0	525	$2,525	$4.81	25d	2	1.00mi
353 N Hermosa Dr Unit 10A1 Palm Springs, CA	1.0	1.0	633	$2,900	$4.58	15d	1	1.01mi
353 N Hermosa Dr Unit 10A1 Palm Springs, CA	1.0	1.0	633	$2,900	$4.58	44d	1	1.01mi
1150 E Amado Rd Palm Springs, CA	1.0	1.0	633	$1,745	$2.76	11d	2	1.01mi
400 N Sunrise Way Palm Springs, CA	1.0–2.0	1.0–2.0	1004	$2,825	$2.81	0d	2	1.03mi
557 El Cielo Rd Unit 16 Palm Springs, CA	2.0	2.0	845	$1,800	$2.13	44d	1	1.03mi

Listing history 7 events

1. 2026-06-03
   status $115,000 Pending 222 DOM
2. 2026-06-02
   days on market $115,000 Active 222 DOM
3. 2026-06-01
   days on market $115,000 Active 221 DOM
4. 2026-05-31
   days on market $115,000 Active 220 DOM
5. 2026-04-10
   price $119,000 1496-char remark

   Show marketing remark (1496 chars)

   Location, Location, Welcome to Ramon Mobile Home an active 55+community, close to Ralph's Shopping Center, and within one mile of downtown Palm Springs and 3 miles to Palm Springs International Airport. This 2 Bedroom, 2 Bath mobile is perfect for those seeking a vacation getaway or a year-round residence. Incredible mountain views from the large covered Trex deck for entertaining or having your morning coffee or evening wine. It is being sold furnished so you can enjoy the resort lifestyle of Palm Springs. Residents enjoy many amenities, including a sparkling pool and spa, a clubhouse for social events shuffleboard courts, a library and exercise room. The kitchen has been updated with newer appliances including a dishwasher, built in microwave and a newer washer /dryer with many cabinets. It has a large island counter that opens up into the living room. The electrical system has been totally updated with a warranty. 3 Mini Split Heat/Air Conditioning units have been installed. and there is an evaporative cooler as well. The main bedroom has a slider and a bath with a shower. The second bedroom is currently being used as an office. and the bathroom has a tub/shower. The parking area is covered and can accommodate two vehicles tandem, with a storage shed. Mobiles can be rented for a minimum of 30 days with park approval. All buyers to qualify to purchase. Mo space rent will be $906+ utilities and $20.50 for sewer. All buyers must be approved to purchase by park management.

6. 2026-03-08
   price $129,000 1496-char remark

   Show marketing remark (1496 chars)

   Location, Location, Welcome to Ramon Mobile Home an active 55+community, close to Ralph's Shopping Center, and within one mile of downtown Palm Springs and 3 miles to Palm Springs International Airport. This 2 Bedroom, 2 Bath mobile is perfect for those seeking a vacation getaway or a year-round residence. Incredible mountain views from the large covered Trex deck for entertaining or having your morning coffee or evening wine. It is being sold furnished so you can enjoy the resort lifestyle of Palm Springs. Residents enjoy many amenities, including a sparkling pool and spa, a clubhouse for social events shuffleboard courts, a library and exercise room. The kitchen has been updated with newer appliances including a dishwasher, built in microwave and a newer washer /dryer with many cabinets. It has a large island counter that opens up into the living room. The electrical system has been totally updated with a warranty. 3 Mini Split Heat/Air Conditioning units have been installed. and there is an evaporative cooler as well. The main bedroom has a slider and a bath with a shower. The second bedroom is currently being used as an office. and the bathroom has a tub/shower. The parking area is covered and can accommodate two vehicles tandem, with a storage shed. Mobiles can be rented for a minimum of 30 days with park approval. All buyers to qualify to purchase. Mo space rent will be $906+ utilities and $20.50 for sewer. All buyers must be approved to purchase by park management.

7. 2025-10-23
   listed $149,000 Active 1496-char remark

   Show marketing remark (1496 chars)

   Location, Location, Welcome to Ramon Mobile Home an active 55+community, close to Ralph's Shopping Center, and within one mile of downtown Palm Springs and 3 miles to Palm Springs International Airport. This 2 Bedroom, 2 Bath mobile is perfect for those seeking a vacation getaway or a year-round residence. Incredible mountain views from the large covered Trex deck for entertaining or having your morning coffee or evening wine. It is being sold furnished so you can enjoy the resort lifestyle of Palm Springs. Residents enjoy many amenities, including a sparkling pool and spa, a clubhouse for social events shuffleboard courts, a library and exercise room. The kitchen has been updated with newer appliances including a dishwasher, built in microwave and a newer washer /dryer with many cabinets. It has a large island counter that opens up into the living room. The electrical system has been totally updated with a warranty. 3 Mini Split Heat/Air Conditioning units have been installed. and there is an evaporative cooler as well. The main bedroom has a slider and a bath with a shower. The second bedroom is currently being used as an office. and the bathroom has a tub/shower. The parking area is covered and can accommodate two vehicles tandem, with a storage shed. Mobiles can be rented for a minimum of 30 days with park approval. All buyers to qualify to purchase. Mo space rent will be $906+ utilities and $20.50 for sewer. All buyers must be approved to purchase by park management.

ⓘ 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 6/10 Major FEMA zone X (shaded) · 72% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 8 d/yr ≥110°F today · 23 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: $25,841
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$2,067
• − Management: −$2,067
• − Depreciation: −$3,345
• Taxable income: $9,619
• Est. tax owed @ 24.0%: −$2,309
• After-tax cash flow: $8,569/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This mobile home is in good condition with cosmetic updates needed. It offers a great location and is move-in ready.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal
• Rental Replace carpet — Improves comfort and reduces maintenance

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal ↑
• Rental Replace carpet — Improves comfort and reduces maintenance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Palm Springs

• Score: 66/100
• State rank: #348
• US rank: #11850

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Springs, CA
• County: Riverside County · 2,287,001 people
• City population: 46,786
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 19,899
• Household income: $77,688
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1215.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 20% Two or more races 12% Asian 6% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 3%
• Foreign-born: 16% · Canada, China, South Korea
• Languages at home: 81% English-only · Spanish 13% Tagalog/Filipino 2% 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: ▼ -489.04%
• Current HPI: 357.0969
• Rent YoY: ▼ -0.43%
• 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

-20.1% since first listed

3 events — show timeline

• 2026-04-10 Price Changed $119,000 GPSMLS
• 2026-03-08 Price Changed $129,000 GPSMLS
• 2025-10-23 Listed $149,000 GPSMLS