69801 Ramon Rd #80 · Cathedral City, CA 92234

$119,900

1 bd · 1.0 ba · 450 sqft · Manufactured · 1169 Days on market

Built 1988 1,742 sqft lot $266/sqft · 90% above area $455/mo HOA · 26% of rent

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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 +24.0/30.0
• 1% rule +9.9/10.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Resort is a gated Senior community with 460 units. Features of the resort include 2 well Maintained Clubhouses and 3 Satellite Clubhouses, Laundry, Restrooms, Sauna & Spa. A Grand Ballroom for events, 6 heated pools, Billiards Room 1 Olympic size lap, Indoor Pool, Spa and Sauna. Sunken lit Tennis and Pickle ball courts, Indoor shuffleboard pavilion, Fitness Center, Library with WI-FI and broadband, Card and Hobby rooms, Dance Studio, Craft Room, Wood Shop, putting green and picnic areas. This Park model offers new roof, new tile, new porch carpet and a shed. Landscaping is maintained by the association. You own the Land so there is no space rent. Low HOA's at $325.00 which include, Basic cable, Free Wi-Fi in clubhouse, Water, Trash, Sewer, Recycling program

Key facts

• 1,742 sq ft lot
• Community pool
• Built 1988

Property features AI

Finance

• Other: Pets allowed with size limits; Located at 69801 Ramon Rd #80, Cathedral City, CA; directions: 10 Freeway exit Bob Hope South to Ramon Road, right to Desert Shadows entry gate on left
• HOA & community: Part of Desert Shadows HOA; Monthly HOA fee of $455; Senior community; Community features include street lighting and a park

Exterior

• Parking: Park model located in Desert Shadows RV Resort
• Utilities: Public sewer; District/Public water
• Home design: Mobile home (15 x 40), mobile home remains; Located in Desert Shadows RV Resort
• Construction: Year built estimated
• Exterior features: Indoor, in-ground community pool with lap and exercise lanes (heated)

Interior

• Bathrooms: 1 full bathroom
• Interior features: Community laundry
• Laundry & utility: On-site community laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.1% in Cathedral City — 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 (#344 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing B+; Watch: employment D+, schools F, amenities 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: Rents rising (+3.2%/yr); 525 active listings in the ZIP; 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 $829 of loan paydown is wiped out by about $4k 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 1169 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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 $75k; list at $120k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 26% of rent.
• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 1169 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.49% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.42%
• DSCR: 1.37
• GRM: 5.6

CMA / ARV

• ARV (median comp): $62,968
• List price: $119,900
• Delta: 90.41%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
69801 Ramon #8	0.08mi	1/1.0	400 (-11%)	2mo	$95,000	$238	76
69801 Ramon Rd #118	0.13mi	1/1.0	400 (-11%)	17mo	$153,000	$383	61

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 · 3.22% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.89×
• Total profit: $-3,785
• Equity at exit: $17,877

10-year hold

• IRR: 7.2%
• Equity multiple: 1.55×
• Total profit: $18,632
• Equity at exit: $10,367

Cash invested: $33,572 (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 92234

• Home prices YoY: -27.7%
• Rents YoY: 3.2%
• Active inventory: 525
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,784 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$40 /mo · $475/yr
• Insurance: −$50
• HOA: −$455
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $236

Break-even live

Break-even rent $1,485

Max offer price $119,900

Occupancy floor 82%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $455 · $5,460/yr
• Likely covers: watersewertrashinternetcablelandscapingpoolgymsecurity

Listing history 19 events

1. 2026-06-18
   days on market $119,900 Active 1169 DOM
2. 2026-06-17
   days on market $119,900 Active 1168 DOM
3. 2026-06-16
   days on market $119,900 Active 1167 DOM
4. 2026-06-15
   days on market $119,900 Active 1166 DOM
5. 2026-06-13
   days on market $119,900 Active 1164 DOM
6. 2026-06-13
   days on market $119,900 Active 1163 DOM
7. 2026-06-09
   days on market $119,900 Active 1160 DOM
8. 2026-06-08
   days on market $119,900 Active 1159 DOM
9. 2026-06-07
   days on market $119,900 Active 1158 DOM
10. 2026-06-04
    days on market $119,900 Active 1155 DOM
11. 2026-06-03
    days on market $119,900 Active 1154 DOM
12. 2026-06-02
    days on market $119,900 Active 1153 DOM
13. 2026-06-01
    days on market $119,900 Active 1152 DOM
14. 2026-05-31
    days on market $119,900 Active 1151 DOM
15. 2023-04-06
    listed $119,900 Active
16. 2022-08-15
    soldstatus $75,000 Sold 773-char remark

    Show marketing remark (773 chars)

    Resort is a gated Senior community with 460 units. Features of the resort include 2 well Maintained Clubhouses and 3 Satellite Clubhouses, Laundry, Restrooms, Sauna & Spa. A Grand Ballroom for events, 6 heated pools, Billiards Room 1 Olympic size lap, Indoor Pool, Spa and Sauna. Sunken lit Tennis and Pickle ball courts, Indoor shuffleboard pavilion, Fitness Center, Library with WI-FI and broadband, Card and Hobby rooms, Dance Studio, Craft Room, Wood Shop, putting green and picnic areas. This Park model offers new roof, new tile, new porch carpet and a shed. Landscaping is maintained by the association. You own the Land so there is no space rent. Low HOA's at $325.00 which include, Basic cable, Free Wi-Fi in clubhouse, Water, Trash, Sewer, Recycling program

17. 2022-08-09
    status Pending 773-char remark

    Show marketing remark (773 chars)

    Resort is a gated Senior community with 460 units. Features of the resort include 2 well Maintained Clubhouses and 3 Satellite Clubhouses, Laundry, Restrooms, Sauna & Spa. A Grand Ballroom for events, 6 heated pools, Billiards Room 1 Olympic size lap, Indoor Pool, Spa and Sauna. Sunken lit Tennis and Pickle ball courts, Indoor shuffleboard pavilion, Fitness Center, Library with WI-FI and broadband, Card and Hobby rooms, Dance Studio, Craft Room, Wood Shop, putting green and picnic areas. This Park model offers new roof, new tile, new porch carpet and a shed. Landscaping is maintained by the association. You own the Land so there is no space rent. Low HOA's at $325.00 which include, Basic cable, Free Wi-Fi in clubhouse, Water, Trash, Sewer, Recycling program

18. 2022-05-06
    historical Backup Offers Accepted 773-char remark

    Show marketing remark (773 chars)

    Resort is a gated Senior community with 460 units. Features of the resort include 2 well Maintained Clubhouses and 3 Satellite Clubhouses, Laundry, Restrooms, Sauna & Spa. A Grand Ballroom for events, 6 heated pools, Billiards Room 1 Olympic size lap, Indoor Pool, Spa and Sauna. Sunken lit Tennis and Pickle ball courts, Indoor shuffleboard pavilion, Fitness Center, Library with WI-FI and broadband, Card and Hobby rooms, Dance Studio, Craft Room, Wood Shop, putting green and picnic areas. This Park model offers new roof, new tile, new porch carpet and a shed. Landscaping is maintained by the association. You own the Land so there is no space rent. Low HOA's at $325.00 which include, Basic cable, Free Wi-Fi in clubhouse, Water, Trash, Sewer, Recycling program

19. 2021-09-14
    listed $89,000 Active 773-char remark

    Show marketing remark (773 chars)

    Resort is a gated Senior community with 460 units. Features of the resort include 2 well Maintained Clubhouses and 3 Satellite Clubhouses, Laundry, Restrooms, Sauna & Spa. A Grand Ballroom for events, 6 heated pools, Billiards Room 1 Olympic size lap, Indoor Pool, Spa and Sauna. Sunken lit Tennis and Pickle ball courts, Indoor shuffleboard pavilion, Fitness Center, Library with WI-FI and broadband, Card and Hobby rooms, Dance Studio, Craft Room, Wood Shop, putting green and picnic areas. This Park model offers new roof, new tile, new porch carpet and a shed. Landscaping is maintained by the association. You own the Land so there is no space rent. Low HOA's at $325.00 which include, Basic cable, Free Wi-Fi in clubhouse, Water, Trash, Sewer, Recycling program

ⓘ 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: $475 · $40/mo
• Projected year-2 tax: $911 · $76/mo
• Expected delta: +$436/yr (+$36/mo · 91.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 9/10 Extreme 6 d/yr ≥113°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,402
• − Mortgage interest: −$6,716
• − Property taxes: −$475
• − Insurance: −$600
• − Repairs & maintenance: −$1,712
• − Management: −$1,712
• − HOA: −$5,460
• − Depreciation: −$3,488
• Taxable income: $1,239
• Est. tax owed @ 24.0%: −$297
• After-tax cash flow: $2,531/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 — Cathedral City

• Score: 66/100
• State rank: #344
• US rank: #11749

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cathedral City, CA
• County: Riverside County · 2,287,001 people
• City population: 52,267
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 52,267
• Household income: $73,572
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1682.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 59% White 30% Two or more races 27% Asian 6% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 51%
• Common ancestry: Lithuanian 2% Romanian 1% Italian 1%
• Foreign-born: 28% · Canada, Vietnam
• Languages at home: 48% English-only · Spanish 46% Tagalog/Filipino 3% 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: ▼ -136.57%
• Current HPI: 356.9845
• Rent YoY: ▲ 3.22%
• 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

+34.7% since first listed

5 events — show timeline

• 2023-04-06 Listed $119,900 CRMLS
• 2022-08-15 Sold (MLS) $75,000 TheMLS
• 2022-08-09 Pending — TheMLS
• 2022-05-06 Contingent — TheMLS
• 2021-09-14 Listed $89,000 TheMLS

Property tax history

+1.3%/yr

Latest (2014): $475 · -1.6% YoY. Source: county tax records.