40990 Paxton Dr #7 · Rancho Mirage, CA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $659 – $1,223
Heat risk 9/10 · Severe
- Hot days now (above 114°F)
- 9 days/yr
- Hot days in 30 yrs
- 26 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 5 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
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 +15.6/30.0
- ARV discount +15.0/15.0
- 1% rule +6.0/10.0
- DSCR +4.8/10.0
- Rent growth +3.4/5.0
- Schools +2.7/10.0
- Livability +2.6/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$449,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This lovely 2-bedroom, 2-bath detached cottage is located in the exclusive gated Thunderbird Palms West within the prestigious Thunderbird Country Club where Obama and other presidents have stayed and played in the past. The home features granite countertops, stainless steel appliances, and stylish flooring throughout. The expansive primary suite includes a private office or lounge area. Enjoy sunny views from the patio and the convenience of being steps away from the community pool. Equipped with a foam roof for energy efficiency as well as new HVAC in 2022. Spacious single car garage with laundry area and oversized utility sink. This adorable cottage has ample closets and storage space. HOA fee includes wifi, cable tv, water, sewer, trash, ground maintenance, common area landscaping, annual palm tree trimming and annual plantings on the property, heated community pool and spa, exterior pest maintenance and maintenance of the entry gate and streets. Perfect for those seeking luxury, comfort, and a prime location in upscale Rancho Mirage near The River, shopping, dining and a wide variety of recreation. Thunderbird Palms West is a stock cooperative development with 19 homes. Property owners share in 1/19th ownership of the entire community. Turn-key furnished
Key facts
- Private office
- Community pool
- Laundry area
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $450k.
Deal economics
- At list price, monthly cash flow is $185 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $450k).
- Recommended offer: $396k (12.0% below list) — sets the bar for market timing.
- Cap rate 6.8% vs local median 3.0% in Rancho Mirage — 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 51/100 on livability (#1,065 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A+; Watch: amenities F, commute 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 rising (+3.7%/yr); 532 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
- At $4,930/mo this rent would consume 55% of the median local household income ($107k/yr) (locally 498% 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 129 days — a 12% lower offer ($396k) is reasonable based on typical stale-listing flexibility.
- 8 sale attempts since 23y ago; this cycle's ask has dropped $113k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $226k; list at $450k implies a 99% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: extreme-heat days projected 9→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.10% ✓
- Cap rate
- 6.79%
- Cash-on-cash
- 1.77%
- DSCR
- 1.08
- GRM
- 7.6
CMA / ARV
- ARV (median comp)
- $615,703
- List price
- $449,900
- Delta
- -26.93%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
-3.0% appreciation · 3.72% rent growth · sell at horizon
- IRR
- -12.4%
- Equity multiple
- 0.55×
- Total profit
- $-57,059
- Equity at exit
- $67,082
- IRR
- -2.0%
- Equity multiple
- 0.86×
- Total profit
- $-17,707
- Equity at exit
- $38,899
Cash invested: $125,972 (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
ZIP-level market 92270
- Rents YoY
- 3.7%
- Active inventory
- 532
- Price-to-rent
- 7.6×
Monthly cashflow live
- Estimated rent
- $4,930 high interval (Pro) →
- Mortgage (P&I)
- −$2,359
- Tax from tax record
- −$363 /mo · $4,352/yr
- Insurance
- −$187
- HOA
- −$800
- Vacancy / Maint / Mgmt
- −$1,035
- Net cashflow
- $185
Break-even live
Sensitivity live
| Price | -10% $440 | -5% $313 | +0% $185 | +5% $58 | +10% $-69 |
|---|---|---|---|---|---|
| Rent | -10% $-204 | -5% $-9 | +0% $185 | +5% $380 | +10% $575 |
| Rate | -1.0pp $412 | -0.5pp $300 | base $185 | +0.5pp $69 | +1.0pp $-50 |
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
- $112,475
- Closing costs
- $13,497
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 25 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 48 Palma Dr Rancho Mirage, CA | 2.0 | 2.0 | 1320 | $6,200 | $4.70 | 44d | 1 | 0.32mi |
| 97 Palma Dr Rancho Mirage, CA | 2.0 | 2.0 | 1650 | $5,900 | $3.58 | 44d | 1 | 0.40mi |
| 11 Palma Dr Rancho Mirage, CA | 2.0 | 2.0 | 1320 | $6,500 | $4.92 | 44d | 1 | 0.45mi |
| 142 La Cerra Dr Rancho Mirage, CA | 2.0 | 2.0 | 1650 | $4,000 | $2.42 | 44d | 1 | 0.48mi |
| 36 Sunrise Dr Rancho Mirage, CA | 2.0 | 2.0 | 1320 | $3,200 | $2.42 | 19d | 1 | 0.49mi |
| 8 Cadiz Dr Rancho Mirage, CA | 2.0 | 2.0 | 1701 | $6,300 | $3.70 | 44d | 1 | 0.50mi |
| 26 Sunrise Dr Rancho Mirage, CA | 3.0 | 3.0 | 1762 | $6,500 | $3.69 | 8d | 1 | 0.54mi |
| 72 Majorca Dr Rancho Mirage, CA | 2.0 | 2.0 | 1320 | $3,038 | $2.30 | 44d | 1 | 0.54mi |
| 8 Valencia Dr Rancho Mirage, CA | 3.0 | 2.0 | 1700 | $6,800 | $4.00 | 44d | 1 | 0.57mi |
| 17 Lugo Dr Rancho Mirage, CA | 3.0 | 2.0 | 1581 | $3,700 | $2.34 | 44d | 1 | 0.67mi |
| 6 Granada Dr Rancho Mirage, CA | 2.0 | 2.0 | 1320 | $2,950 | $2.23 | 25d | 1 | 0.68mi |
| 71292 Biskra Rd Rancho Mirage, CA | 3.0 | 2.0 | 1732 | $7,999 | $4.62 | 44d | 1 | 0.72mi |
| 88 La Ronda Dr Rancho Mirage, CA | 2.0 | 2.0 | 1320 | $6,700 | $5.08 | 44d | 1 | 0.77mi |
| 35 Malaga Dr Rancho Mirage, CA | 3.0 | 2.0 | 1776 | $2,499 | $1.41 | 25d | 1 | 0.80mi |
| 5 Majorca Dr Rancho Mirage, CA | 2.0 | 2.0 | 1650 | $5,700 | $3.45 | 44d | 1 | 0.91mi |
| 71863 Eleanora Ln Rancho Mirage, CA | 2.0 | 2.0 | 1384 | $2,600 | $1.88 | 44d | 1 | 0.95mi |
| 40080 Via Buena Vista Rancho Mirage, CA | 3.0 | 3.0 | 1848 | $3,800 | $2.06 | 25d | 1 | 0.98mi |
| 71581 Halgar Rd Rancho Mirage, CA | 3.0 | 3.0 | 1852 | $6,500 | $3.51 | 44d | 1 | 1.24mi |
| 71798 San Gorgonio Rd Rancho Mirage, CA | 3.0 | 2.0 | 1243 | $4,500 | $3.62 | 44d | 1 | 1.25mi |
| 71620 Halgar Rd Rancho Mirage, CA | 3.0 | 2.0 | 2018 | $4,800 | $2.38 | 44d | 1 | 1.28mi |
| 4 Saturn Cir Rancho Mirage, CA | 3.0 | 2.0 | 1948 | $4,400 | $2.26 | 5d | 1 | 1.32mi |
| 900 Island Dr #507 Rancho Mirage, CA | 2.0 | 2.0 | 1867 | $6,500 | $3.48 | 44d | 1 | 1.33mi |
| 72385 Beverly Way Rancho Mirage, CA | 2.0 | 2.0 | 1851 | $2,500 | $1.35 | 19d | 1 | 1.43mi |
| 72460 Rodeo Way Rancho Mirage, CA | 2.0 | 2.0 | 1851 | $2,500 | $1.35 | 6d | 1 | 1.45mi |
| 70100 Mirage Cove Dr #10 Rancho Mirage, CA | 3.0 | 2.0 | 1570 | $3,000 | $1.91 | 44d | 1 | 1.50mi |
HOA detail condo
- Monthly dues
- $800 · $9,600/yr
- Likely covers
- watersewertrashinternetcablelandscapingpoolsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 40 events
-
2026-06-21days on market $449,900 Active 129 DOM
-
2026-06-18days on market $449,900 Active 126 DOM
-
2026-06-17days on market $449,900 Active 125 DOM
-
2026-06-16days on market $449,900 Active 124 DOM
-
2026-06-15days on market $449,900 Active 123 DOM
-
2026-06-13days on market $449,900 Active 121 DOM
-
2026-06-13days on market $449,900 Active 120 DOM
-
2026-06-09days on market $449,900 Active 117 DOM
-
2026-06-08days on market $449,900 Active 116 DOM
-
2026-06-07days on market $449,900 Active 115 DOM
-
2026-06-04pricedays on market $449,900 Active 112 DOM
-
2026-06-03days on market $479,000 Active 111 DOM
-
2026-06-02days on market $479,000 Active 110 DOM
-
2026-06-01days on market $479,000 Active 109 DOM
-
2026-05-31days on market $479,000 Active 108 DOM
-
2026-04-30price $479,000 1279-char remark
Show marketing remark (1279 chars)
This lovely 2-bedroom, 2-bath detached cottage is located in the exclusive gated Thunderbird Palms West within the prestigious Thunderbird Country Club where Obama and other presidents have stayed and played in the past. The home features granite countertops, stainless steel appliances, and stylish flooring throughout. The expansive primary suite includes a private office or lounge area. Enjoy sunny views from the patio and the convenience of being steps away from the community pool. Equipped with a foam roof for energy efficiency as well as new HVAC in 2022. Spacious single car garage with laundry area and oversized utility sink. This adorable cottage has ample closets and storage space. HOA fee includes wifi, cable tv, water, sewer, trash, ground maintenance, common area landscaping, annual palm tree trimming and annual plantings on the property, heated community pool and spa, exterior pest maintenance and maintenance of the entry gate and streets. Perfect for those seeking luxury, comfort, and a prime location in upscale Rancho Mirage near The River, shopping, dining and a wide variety of recreation. Thunderbird Palms West is a stock cooperative development with 19 homes. Property owners share in 1/19th ownership of the entire community. Turn-key furnished
-
2026-04-04price $499,000 1279-char remark
Show marketing remark (1279 chars)
This lovely 2-bedroom, 2-bath detached cottage is located in the exclusive gated Thunderbird Palms West within the prestigious Thunderbird Country Club where Obama and other presidents have stayed and played in the past. The home features granite countertops, stainless steel appliances, and stylish flooring throughout. The expansive primary suite includes a private office or lounge area. Enjoy sunny views from the patio and the convenience of being steps away from the community pool. Equipped with a foam roof for energy efficiency as well as new HVAC in 2022. Spacious single car garage with laundry area and oversized utility sink. This adorable cottage has ample closets and storage space. HOA fee includes wifi, cable tv, water, sewer, trash, ground maintenance, common area landscaping, annual palm tree trimming and annual plantings on the property, heated community pool and spa, exterior pest maintenance and maintenance of the entry gate and streets. Perfect for those seeking luxury, comfort, and a prime location in upscale Rancho Mirage near The River, shopping, dining and a wide variety of recreation. Thunderbird Palms West is a stock cooperative development with 19 homes. Property owners share in 1/19th ownership of the entire community. Turn-key furnished
-
2026-04-04status Active 1279-char remark
Show marketing remark (1279 chars)
This lovely 2-bedroom, 2-bath detached cottage is located in the exclusive gated Thunderbird Palms West within the prestigious Thunderbird Country Club where Obama and other presidents have stayed and played in the past. The home features granite countertops, stainless steel appliances, and stylish flooring throughout. The expansive primary suite includes a private office or lounge area. Enjoy sunny views from the patio and the convenience of being steps away from the community pool. Equipped with a foam roof for energy efficiency as well as new HVAC in 2022. Spacious single car garage with laundry area and oversized utility sink. This adorable cottage has ample closets and storage space. HOA fee includes wifi, cable tv, water, sewer, trash, ground maintenance, common area landscaping, annual palm tree trimming and annual plantings on the property, heated community pool and spa, exterior pest maintenance and maintenance of the entry gate and streets. Perfect for those seeking luxury, comfort, and a prime location in upscale Rancho Mirage near The River, shopping, dining and a wide variety of recreation. Thunderbird Palms West is a stock cooperative development with 19 homes. Property owners share in 1/19th ownership of the entire community. Turn-key furnished
-
2025-12-03$563,000 Active 1279-char remark
Show marketing remark (1279 chars)
This lovely 2-bedroom, 2-bath detached cottage is located in the exclusive gated Thunderbird Palms West within the prestigious Thunderbird Country Club where Obama and other presidents have stayed and played in the past. The home features granite countertops, stainless steel appliances, and stylish flooring throughout. The expansive primary suite includes a private office or lounge area. Enjoy sunny views from the patio and the convenience of being steps away from the community pool. Equipped with a foam roof for energy efficiency as well as new HVAC in 2022. Spacious single car garage with laundry area and oversized utility sink. This adorable cottage has ample closets and storage space. HOA fee includes wifi, cable tv, water, sewer, trash, ground maintenance, common area landscaping, annual palm tree trimming and annual plantings on the property, heated community pool and spa, exterior pest maintenance and maintenance of the entry gate and streets. Perfect for those seeking luxury, comfort, and a prime location in upscale Rancho Mirage near The River, shopping, dining and a wide variety of recreation. Thunderbird Palms West is a stock cooperative development with 19 homes. Property owners share in 1/19th ownership of the entire community. Turn-key furnished
-
2021-08-25soldstatus $226,000 Closed 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-08-12status Pending 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-06-17historical Active Under Contract 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-06-10price $199,000 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-06-10status Active 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-06-03historical Active Under Contract 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-05-07status Active 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-05-05price $239,000 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-04-09historical Active Under Contract 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-03-15price $249,000 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2021-02-03price $269,900 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2020-12-22$299,900 Active 236-char remark
Show marketing remark (236 chars)
Located in the heart of Rancho Mirage. Thunderbird at it's least expensive price point. This Thunderbird Cottage is two bedrooms and two baths. Open beam ceilings tucked into the gated community of Thunderbird Palms. Call for a preview.
-
2010-02-23historical
-
2010-02-22soldstatus $260,000 Closed
-
2010-02-22soldstatus $260,000
-
2010-01-20historical Contingent
-
2009-12-04$285,000 Active
-
2005-04-27historical
-
2005-04-12$275,000
-
2003-03-19historical
-
2003-02-18$150,000
ⓘ 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
- $4,352 · $363/mo
- Projected year-2 tax
- $4,352 · $363/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 4/10 Moderate
- Heat 9/10 Extreme 9 d/yr ≥114°F today · 26 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $59,161
- − Mortgage interest
- −$25,201
- − Property taxes
- −$4,352
- − Insurance
- −$2,250
- − Repairs & maintenance
- −$4,733
- − Management
- −$4,733
- − HOA
- −$9,600
- − Depreciation
- −$13,088
- Taxable loss
- −$4,795
- Est. tax savings @ 24.0%
- +$1,151
- After-tax cash flow
- $3,375/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 — Rancho Mirage
- Score
- 51/100
- State rank
- #1065
- US rank
- #25255
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Rancho Mirage, CA
- County
- Riverside County · 2,287,001 people
- City population
- 17,563
- Metro
- Riverside-San Bernardino-Ontario, CA
- Population (ZIP)
- 17,563
- Household income
- $107,364
- Rent vs Own
- Severe rent burden
- 498.0
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 (77%)
- Race & ethnicity
- White 77% Hispanic / Latino 15% Two or more races 6% Asian 4% Black 2%
- Hispanic origin (detail)
- Mexican 12%
- Common ancestry
- Slovak 4% Romanian 3% Lithuanian 3%
- Foreign-born
- 17% · Canada, South Korea, China
- Languages at home
- 81% English-only · Spanish 11% Other Indo-European 3% French/Haitian/Cajun 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
- ▼ -210.99%
- Current HPI
- 282.2957
- Rent YoY
- ▲ 3.72%
- 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 |
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| Retail | 3 | $44B |
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| Insurance | 3 | $26B |
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| Media / Entertainment | 2 | $115B |
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| Pharmaceuticals / Biotech | 2 | $62B |
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Price history
+219.3% since first listed25 events — show timeline
- 2026-04-30 Price Changed $479,000 CRMLS
- 2026-04-04 Price Changed $499,000 CRMLS
- 2026-04-04 Relisted — CRMLS
- 2025-12-03 Listed $563,000 CRMLS
- 2021-08-25 Sold (MLS) $226,000 GPSMLS
- 2021-08-12 Pending — GPSMLS
- 2021-06-17 Contingent — GPSMLS
- 2021-06-10 Price Changed $199,000 GPSMLS
- 2021-06-10 Relisted — GPSMLS
- 2021-06-03 Contingent — GPSMLS
- 2021-05-07 Relisted — GPSMLS
- 2021-05-05 Price Changed $239,000 GPSMLS
- 2021-04-09 Contingent — GPSMLS
- 2021-03-15 Price Changed $249,000 GPSMLS
- 2021-02-03 Price Changed $269,900 GPSMLS
- 2020-12-22 Listed $299,900 GPSMLS
- 2010-02-23 Listing Removed — GPSMLS
- 2010-02-22 Sold (Public Records) $260,000 Public Records
- 2010-02-22 Sold (MLS) $260,000 GPSMLS
- 2010-01-20 Contingent — GPSMLS
- 2009-12-04 Listed $285,000 GPSMLS
- 2005-04-27 Listing Removed — GPSMLS
- 2005-04-12 Listed $275,000 GPSMLS
- 2003-03-19 Listing Removed — GPSMLS
- 2003-02-18 Listed $150,000 GPSMLS
Property tax history
+1.7%/yrLatest (2025): $4,352 · -1.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…