47818 Phoenix St · Indio, CA 92201

$447,900

3 bd · 2.0 ba · 1,940 sqft · SingleFamily public records · 30 Days on market

Built 2002 7,841 sqft lot $231/sqft · 17% below area Est $541k · 17% under

---

Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +13.0/30.0
• DSCR +3.9/10.0
• Schools +3.8/10.0
• Rent growth +3.3/5.0
• 1% rule +3.2/10.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully single-story home that blends comfort, space, and convenience in a nice Indio neighborhood. With 4 bedrooms and 2 bathrooms-including one spacious primary suite, this home offers flexibility for extended family, guests, or a home office setup. The open floorplan features a large kitchen with a large breakfast island and ample cabinet space, overlooking the cozy family room with lots of natural light. The living area flows seamlessly into the formal dining, Enjoy indoor-outdoor living with a spacious back concrete slab and a grassy area perfect for relaxing or entertaining. Updates include RV access, dual pane windows. Located near schools, local parks, and shopping centers festival venues, this home offers a lifestyle that's both relaxed and connected. Large lot, No HOA, Best buy, Don't miss this opportunity!

Key facts

• Breakfast island
• Natural light
• Large kitchen

Tags

• SINGLE-STORY HOME
• LARGE KITCHEN
• BREAKFAST ISLAND
• AMPLE CABINET SPACE
• COZY FAMILY ROOM
• NATURAL LIGHT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $448k.

Deal economics

• At list price, monthly cash flow is $-26 ($-314/yr) — negative.
• To cash-flow at today's rent, offer at most $443k (1.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $369k (17.6% below list).
• Recommended offer: $369k (17.6% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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 (+3.3%/yr); 514 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• At $3,692/mo this rent would consume 66% of the median local household income ($67k/yr) (locally 2036% 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 30 days — a 2% lower offer ($441k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask has dropped $40k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $258k; list at $448k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $369,218 (17.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.82% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.25%
• DSCR: 0.99
• GRM: 10.1

CMA / ARV

• ARV (median comp): $540,511
• List price: $447,900
• Delta: -17.13%
• 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
48120 Arica Dr	0.19mi	4/2.0 (+1)	1,938 (-0%)	10mo	$476,000	$246	78
48276 Arica Dr	0.25mi	4/2.0 (+1)	1,938 (-0%)	6mo	$490,000	$253	78
47718 Phoenix St	0.05mi	3/2.0	1,708 (-12%)	9mo	$549,000	$321	70
47727 Phoenix St	0.06mi	4/2.0 (+1)	1,708 (-12%)	4mo	$468,000	$274	69
48396 Agua Caliente St	0.40mi	4/2.0 (+1)	2,025 (+4%)	4mo	$498,000	$246	65
83486 Todos Santos Ave	0.46mi	3/2.5	1,694 (-13%)	2mo	$525,000	$310	54
47686 Mirage Way	0.44mi	4/2.0 (+1)	1,724 (-11%)	5mo	$535,000	$310	52
48734 Chichen Itza	0.45mi	4/2.0 (+1)	2,192 (+13%)	1mo	$505,000	$230	52
83226 Beverly Ct	0.35mi	4/2.0 (+1)	2,194 (+13%)	7mo	$700,000	$319	51
83454 Todos Santos Ave	0.50mi	3/2.0	1,693 (-13%)	6mo	$605,000	$357	50
47666 Margarita St	0.51mi	4/3.0 (+1)	2,125 (+10%)	4mo	$635,000	$299	48
48638 Barrymore St	0.71mi	3/2.0	2,180 (+12%)	4mo	$530,000	$243	43

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 · 3.34% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-73,017
• Equity at exit: $66,783

10-year hold

• IRR: -7.5%
• Equity multiple: 0.52×
• Total profit: $-60,647
• Equity at exit: $38,726

Cash invested: $125,412 (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 92201

• Home prices YoY: -28.4%
• Rents YoY: 3.3%
• Active inventory: 514
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $3,692 high
• Mortgage (P&I): −$2,349
• Tax from tax record: −$408 /mo · $4,891/yr
• Insurance: −$187
• HOA: −$0
• Vacancy / Maint / Mgmt: −$775
• Net cashflow: $-26

Break-even live

Break-even rent $3,725

Max offer price $443,274

Occupancy floor 96%

Sensitivity live

Price	-10% $227	-5% $101	+0% $-26	+5% $-153	+10% $-280
Rent	-10% $-318	-5% $-172	+0% $-26	+5% $120	+10% $265
Rate	-1.0pp $199	-0.5pp $88	base $-26	+0.5pp $-142	+1.0pp $-260

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: $111,975
• Closing costs: $13,437
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
83459 Caribe Ave Indio, CA	3.0	2.0	1346	$3,000	$2.23	2d	1	0.10mi
83459 Caribe Ave Indio, CA	3.0	2.0	1346	$3,200	$2.38	25d	1	0.10mi
83458 Tropical Whisper Ct Indio, CA	3.0	2.5	1689	$3,300	$1.95	13d	1	0.39mi
47519 Margarita St Indio, CA	4.0	3.0	2125	$3,999	$1.88	44d	1	0.54mi
82803 Wordsworth Ct Indio, CA	4.0	4.0	2501	$4,000	$1.60	44d	1	0.75mi
82798 Longfellow Ct Indio, CA	4.0	3.0	2014	$4,500	$2.23	44d	1	0.76mi
83110 Raven Ln Indio, CA	4.0	3.0	1890	$3,500	$1.85	11d	1	0.78mi
48638 Hepburn Dr Indio, CA	3.0	2.0	1732	$5,800	$3.35	44d	1	0.88mi
49142 Barrymore St Indio, CA	2.0	2.5	1773	$2,775	$1.57	13d	1	0.89mi
82833 Odlum Dr Indio, CA	3.0	5.0	2051	$6,000	$2.93	44d	1	0.93mi
82794 Odlum Dr Indio, CA	3.0	3.0	2005	$3,875	$1.93	17d	1	0.97mi
82518 Bogart Dr Indio, CA	3.0	2.5	2071	$4,950	$2.39	44d	1	0.99mi
83589 Shadowrock Dr Coachella, CA	4.0	3.0	1679	$4,300	$2.56	44d	1	1.01mi
82487 Bogart Dr Indio, CA	3.0	3.0	2409	$3,400	$1.41	17d	1	1.03mi
82487 Bogart Dr Indio, CA	3.0	2.5	2409	$3,400	$1.41	19d	1	1.03mi
82642 Sky View Ln Indio, CA	3.0	3.0	2005	$4,000	$2.00	44d	1	1.03mi
82775 Burnette Dr Indio, CA	3.0	2.5	2051	$6,000	$2.93	44d	1	1.05mi
49418 Wayne St Indio, CA	3.0	2.0	1985	$4,950	$2.49	44d	1	1.06mi
49549 Lewis Rd Indio, CA	2.0	2.0	1853	$4,200	$2.27	44d	1	1.08mi
49535 Redford Way Indio, CA	3.0	3.0	2044	$4,200	$2.05	44d	1	1.11mi
49527 Wayne St Indio, CA	3.0	2.0	2066	$5,000	$2.42	44d	1	1.13mi
48957 Heifitz Dr Indio, CA	3.0	2.0	1833	$4,600	$2.51	44d	1	1.13mi
49544 Wayne St Indio, CA	2.0	2.0	2112	$4,400	$2.08	44d	1	1.13mi
82760 Chaplin Ct Indio, CA	3.0	2.5	2231	$6,000	$2.69	44d	1	1.15mi
49580 Wayne St Indio, CA	4.0	3.0	2112	$4,800	$2.27	44d	1	1.15mi
48842 Biery St Indio, CA	3.0	2.0	1833	$3,200	$1.75	44d	1	1.15mi
49715 Lewis Rd Indio, CA	3.0	3.5	2205	$5,000	$2.27	44d	1	1.15mi
82633 Odlum Dr Indio, CA	2.0	2.0	1833	$3,200	$1.75	44d	1	1.17mi
82580 Yeager Way Indio, CA	4.0	2.5	2212	$4,500	$2.03	44d	1	1.23mi
82787 Matthau Dr Indio, CA	4.0	2.5	1947	$3,300	$1.69	44d	1	1.25mi
82779 Matthau Dr Indio, CA	4.0	2.5	1947	$3,600	$1.85	19d	1	1.26mi
50157 Calle Tolosa Coachella, CA	4.0	3.5	1912	$3,414	$1.79	12d	1	1.26mi
49990 Eastwood Ln Indio, CA	4.0	2.5	1947	$5,000	$2.57	44d	1	1.28mi
82235 Calico Ave Indio, CA	4.0	2.0	1721	$3,290	$1.91	24d	1	1.29mi
82900 Temescal Canyon Dr Indio, CA	2.0	2.0	1622	$3,800	$2.34	44d	1	1.41mi
82242 Odlum Dr Indio, CA	2.0	2.0	1402	$3,000	$2.14	44d	1	1.49mi

Listing history 22 events

1. 2026-04-22
   listed $487,900 Active 848-char remark

   Show marketing remark (848 chars)

   Welcome to this beautifully single-story home that blends comfort, space, and convenience in a nice Indio neighborhood. With 4 bedrooms and 2 bathrooms-including one spacious primary suite, this home offers flexibility for extended family, guests, or a home office setup. The open floorplan features a large kitchen with a large breakfast island and ample cabinet space, overlooking the cozy family room with lots of natural light. The living area flows seamlessly into the formal dining, Enjoy indoor-outdoor living with a spacious back concrete slab and a grassy area perfect for relaxing or entertaining. Updates include RV access, dual pane windows. Located near schools, local parks, and shopping centers festival venues, this home offers a lifestyle that's both relaxed and connected. Large lot, No HOA, Best buy, Don't miss this opportunity!

2. 2021-09-28
   status Pending
3. 2021-09-26
   historical
4. 2021-09-11
   status Active
5. 2021-08-27
   listed $405,000 Active
6. 2020-02-06
   historical Hold
7. 2020-01-23
   listed $309,000 Active
8. 2018-04-13
   soldstatus $258,000 Sold
9. 2018-04-13
   soldstatus $258,000
10. 2018-02-06
    status Pending
11. 2017-12-11
    historical Hold
12. 2017-12-11
    price $264,900
13. 2017-11-27
    listed $255,000 Active
14. 2012-03-16
    soldstatus $109,500 Closed
15. 2012-02-10
    status Pending
16. 2012-01-09
    status Backup Offers Accepted
17. 2011-12-31
    status Active
18. 2011-12-16
    status Backup Offers Accepted
19. 2011-12-10
    listed $110,900 Active
20. 2004-05-17
    soldstatus $233,000
21. 2004-05-10
    historical
22. 2004-02-11
    listed $239,900

ⓘ 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: $4,891 · $408/mo
• Projected year-2 tax: $4,891 · $408/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 10/10 Extreme 7 d/yr ≥115°F today · 18 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: $44,306
• − Mortgage interest: −$25,089
• − Property taxes: −$4,891
• − Insurance: −$2,240
• − Repairs & maintenance: −$3,544
• − Management: −$3,544
• − Depreciation: −$13,030
• Taxable loss: −$8,032
• Est. tax savings @ 24.0%: +$1,928
• After-tax cash flow: $1,613/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): 65,825
• Household income: $66,758
• Rent vs Own: 42.3% rent · 57.7% own
• Severe rent burden: 2036.0

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 Hispanic (74%)
• Race & ethnicity: Hispanic / Latino 74% Two or more races 39% White 19% Black 3% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 69%
• Common ancestry: Romanian 1% Iranian 1%
• Foreign-born: 29% · Canada, Vietnam, Jamaica
• Languages at home: 41% English-only · Spanish 55% Arabic 1% Tagalog/Filipino 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: ▼ -138.46%
• Current HPI: 348.6605
• Rent YoY: ▲ 3.34%
• 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

+103.4% since first listed

22 events — show timeline

• 2026-04-22 Listed $487,900 GPSMLS
• 2021-09-28 Pending — GPSMLS
• 2021-09-26 Listing Removed — GPSMLS
• 2021-09-11 Relisted — GPSMLS
• 2021-08-27 Listed $405,000 GPSMLS
• 2020-02-06 Delisted — GPSMLS
• 2020-01-23 Listed $309,000 GPSMLS
• 2018-04-13 Sold (Public Records) $258,000 Public Records
• 2018-04-13 Sold (MLS) $258,000 GPSMLS
• 2018-02-06 Pending — GPSMLS
• 2017-12-11 Price Changed $264,900 GPSMLS
• 2017-12-11 Delisted — GPSMLS
• 2017-11-27 Listed $255,000 GPSMLS
• 2012-03-16 Sold (MLS) $109,500 GPSMLS
• 2012-02-10 Pending — GPSMLS
• 2012-01-09 Pending — GPSMLS
• 2011-12-31 Relisted — GPSMLS
• 2011-12-16 Pending — GPSMLS
• 2011-12-10 Listed $110,900 GPSMLS
• 2004-05-17 Sold (Public Records) $233,000 Public Records
• 2004-05-10 Listing Removed — GPSMLS
• 2004-02-11 Listed $239,900 GPSMLS

Property tax history

+2.3%/yr

Latest (2025): $4,891 · +2.1% YoY. Source: county tax records.