17640 Corkill Rd #64 · Desert Edge, CA 92241

$35,000

1 bd · 1.0 ba · 560 sqft · Manufactured · 134 Days on market

Built 1987 $62/sqft · 28% below area Est $49k · 28% under ↓ 22% since listing

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Why this score? — see what drove the C- 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this well kept FURNISHED home located in the cozy 55+ community of Corkill Palms. There is 560 square feet of open living space plus a bonus room addition approximately 8' x12' perfect for an office or extra sleeping area when overnight guests arrive. There is 1 bedroom and 1 bath. Bright and cozy eat in kitchen with refrigerator, gas range with hood vent and microwave. Relaxing porch off of living room with nice mountain view. There is a storage shed off the carport approximately 9' x 12' with newer washer and dryer and work bench complete with several tools. Roof and storage shed roof recoated in 2019. Relax in the Therapeutic Natural Mineral Springs at the Clubhouse or have some fun on the putting green or in the billiard room. This unit is super close to these amenities for easy access. Also, if you have a dog, this home has a back yard perfect for your pet. Buyer to verify with park manager space rent amount and any utility charge amounts passed on to home owners. Call today to set up an appointment to view this great property!

Key facts

• Eat in kitchen
• Storage shed
• Billiard room

Tags

• BONUS ROOM ADDITION
• EAT IN KITCHEN
• MOUNTAIN VIEW
• STORAGE SHED
• PUTTING GREEN
• BILLIARD ROOM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $35k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $35k).
• Recommended offer: $31k (12.0% below list) — sets the bar for market timing.
• Cap rate 57.6% vs local median 14.8% in Desert Edge — 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 68/100 on livability (#297 in CA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, schools F, commute 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: 216 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $242 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 4→10/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 6.29% ✓
• Cap rate: 57.59%
• Cash-on-cash: 183.20%
• DSCR: 9.15
• GRM: 1.3

CMA / ARV

• ARV (median comp): $48,626
• List price: $35,000
• Delta: -28.02%
• 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
17850 Corkill Rd #31	0.16mi	2/1.0 (+1)	600 (+7%)	5mo	$25,000	$42	72
70200 Dillon Rd #324	0.37mi	1/1.0	570 (+2%)	12mo	$76,000	$133	70
70200 Dillon Rd #215	0.37mi	1/1.0	600 (+7%)	4mo	$65,000	$108	68
70200 Dillon Rd #605	0.37mi	1/1.0	600 (+7%)	5mo	$97,500	$163	67
70200 Dillon Rd #36	0.37mi	1/1.0	600 (+7%)	8mo	$65,000	$108	65
70200 Dillon Rd #416	0.61mi	1/1.0	550 (-2%)	8mo	$48,000	$87	62
70200 Dillon Rd #654	0.61mi	2/1.0 (+1)	550 (-2%)	3mo	$97,500	$177	61
70200 Dillon Rd #320	0.60mi	1/1.0	550 (-2%)	10mo	$50,000	$91	60
70200 Dillon Rd #446	0.45mi	2/1.5 (+1)	600 (+7%)	4mo	$75,000	$125	57
70200 Dillon Rd #97	0.61mi	1/1.0	600 (+7%)	4mo	$20,500	$34	56
70200 Dillon Rd #527	0.60mi	2/1.0 (+1)	525 (-6%)	13mo	$55,000	$105	46
70200 Dillon Rd #590	0.61mi	2/1.0 (+1)	625 (+12%)	4mo	$61,500	$98	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.15×
• Total profit: $89,651
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 21.50×
• Total profit: $200,901
• Equity at exit: $3,026

Cash invested: $9,800 (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 92241

• Home prices YoY: -22.8%
• Active inventory: 216
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $1,496

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 27%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
70875 Dillon Rd Desert Hot Springs, CA	2.0	2.0	720	$2,200	$3.06	43d	1	0.80mi

Listing history 18 events

1. 2026-06-18
   days on market $35,000 Active 134 DOM
2. 2026-06-17
   days on market $35,000 Active 133 DOM
3. 2026-06-16
   days on market $35,000 Active 132 DOM
4. 2026-06-15
   days on market $35,000 Active 131 DOM
5. 2026-06-13
   days on market $35,000 Active 129 DOM
6. 2026-06-13
   days on market $35,000 Active 128 DOM
7. 2026-06-09
   days on market $35,000 Active 125 DOM
8. 2026-06-08
   statusdays on market $35,000 Active 124 DOM
9. 2026-06-07
   statusdays on market $35,000 Backup Offers Accepted 123 DOM
10. 2026-06-04
    days on market $35,000 Active 120 DOM
11. 2026-06-03
    days on market $35,000 Active 119 DOM
12. 2026-06-02
    days on market $35,000 Active 118 DOM
13. 2026-06-01
    days on market $35,000 Active 117 DOM
14. 2026-05-31
    days on market $35,000 Active 116 DOM
15. 2026-04-24
    price $35,000 1058-char remark

    Show marketing remark (1058 chars)

    Check out this well kept FURNISHED home located in the cozy 55+ community of Corkill Palms. There is 560 square feet of open living space plus a bonus room addition approximately 8' x12' perfect for an office or extra sleeping area when overnight guests arrive. There is 1 bedroom and 1 bath. Bright and cozy eat in kitchen with refrigerator, gas range with hood vent and microwave. Relaxing porch off of living room with nice mountain view. There is a storage shed off the carport approximately 9' x 12' with newer washer and dryer and work bench complete with several tools. Roof and storage shed roof recoated in 2019. Relax in the Therapeutic Natural Mineral Springs at the Clubhouse or have some fun on the putting green or in the billiard room. This unit is super close to these amenities for easy access. Also, if you have a dog, this home has a back yard perfect for your pet. Buyer to verify with park manager space rent amount and any utility charge amounts passed on to home owners. Call today to set up an appointment to view this great property!

16. 2026-02-03
    listed $44,900 Active 1058-char remark

    Show marketing remark (1058 chars)

    Check out this well kept FURNISHED home located in the cozy 55+ community of Corkill Palms. There is 560 square feet of open living space plus a bonus room addition approximately 8' x12' perfect for an office or extra sleeping area when overnight guests arrive. There is 1 bedroom and 1 bath. Bright and cozy eat in kitchen with refrigerator, gas range with hood vent and microwave. Relaxing porch off of living room with nice mountain view. There is a storage shed off the carport approximately 9' x 12' with newer washer and dryer and work bench complete with several tools. Roof and storage shed roof recoated in 2019. Relax in the Therapeutic Natural Mineral Springs at the Clubhouse or have some fun on the putting green or in the billiard room. This unit is super close to these amenities for easy access. Also, if you have a dog, this home has a back yard perfect for your pet. Buyer to verify with park manager space rent amount and any utility charge amounts passed on to home owners. Call today to set up an appointment to view this great property!

17. 2025-07-31
    price
18. 2025-02-01
    listed Active

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 4 d/yr ≥109°F today · 10 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: $26,400
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − Depreciation: −$1,018
• Taxable income: $18,497
• Est. tax owed @ 24.0%: −$4,439
• After-tax cash flow: $13,514/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 — Desert Edge

• Score: 68/100
• State rank: #297
• US rank: #9953

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Desert Edge, CA
• Population (ZIP): 8,624

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

• Race & ethnicity: White 50% Hispanic / Latino 46% Two or more races 16% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Lithuanian 3% Slovak 2% Portuguese 2%
• Foreign-born: 28% · Canada, South Korea
• Languages at home: 57% English-only · Spanish 38% Chinese 1% Russian/Polish/Slavic 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: ▼ -118.23%
• Current HPI: 400.5663
• Rent YoY: —
• Metro: —
• 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

-22.0% since first listed

4 events — show timeline

• 2026-04-24 Price Changed $35,000 TheMLS
• 2026-02-03 Listed $44,900 TheMLS
• 2025-07-31 Price Changed — TheMLS
• 2025-02-01 Listed — TheMLS