70200 Dillon Rd #346 · Desert Edge, CA 92241

$45,000

2 bd · 1.0 ba · 800 sqft · Manufactured · 126 Days on market

Built 1991 Good condition $56/sqft · 34% below area Est $68k · 34% under ↓ 18% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Opportunity! Steps to the Clubhouse, this listing presents a 2-bedroom, 1991 National Park Model home with low rents at the esteemed 55+ Caliente Springs Resort. The residence offers wood-style flooring throughout, a dedicated laundry room outfitted with a stack washer and dryer, and a generous, private backyard featuring fruit trees and peaceful serenity, a large shed for storage alongside picturesque views of Mt. San Jacinto and surrounding hills. Residents have access to a range of amenities, including a 9-hole golf course, mineral-fed hot springs pool and spas, chapel services, and additional facilities. The property is move-in ready and provides a versatile space suitable for personal customization to meet your design preferences. Please note that the lot is not owned; monthly space rent is $707. Make offers!

Key facts

• Private backyard
• Fruit trees
• Large shed

Tags

• DEDICATED LAUNDRY ROOM
• PRIVATE BACKYARD
• FRUIT TREES
• LARGE SHED
• MINERAL FED HOT SPRINGS POOL
• MOVE IN READY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $45k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 37.2% 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; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); moderate wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 4.13% ✓
• Cap rate: 37.17%
• Cash-on-cash: 110.28%
• DSCR: 5.91
• GRM: 2.0

CMA / ARV

• ARV (median comp): $68,500
• List price: $45,000
• Delta: -34.31%
• 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
70200 Dillon Rd #102	0.12mi	2/1.5	800 (0%)	0mo	$72,000	$90	92
70200 Dillon Rd #664	0.06mi	2/1.5	800 (0%)	3mo	$95,000	$119	92
70200 Dillon Rd #550	0.12mi	2/2.0	800 (0%)	1mo	$122,000	$153	90
70200 Dillon Rd #437	0.06mi	1/1.0 (-1)	780 (-2%)	1mo	$65,000	$83	87
70200 Dillon Rd #376	0.23mi	1/1.0 (-1)	800 (0%)	3mo	$60,000	$75	82
70200 Dillon Rd #536	0.23mi	2/1.5	750 (-6%)	1mo	$90,000	$120	76
70200 Dillon Rd #436	0.07mi	2/1.0	700 (-12%)	7mo	$98,000	$140	70
70200 Dillon Rd #569	0.23mi	1/1.0 (-1)	700 (-12%)	4mo	$74,000	$106	60
70200 Dillon Rd #157	0.23mi	1/1.0 (-1)	700 (-12%)	6mo	$54,800	$78	59
17625 Langlois #105	0.66mi	2/2.0	840 (+5%)	1mo	$55,000	$65	56
17555-2 Corkill Rd #28	0.61mi	2/2.0	880 (+10%)	3mo	$99,990	$114	48
17625 Langlois #9	0.66mi	2/1.0	700 (-12%)	3mo	$15,000	$21	46

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: 99.4%
• Equity multiple: 5.65×
• Total profit: $58,586
• Equity at exit: $6,710

10-year hold

• IRR: —
• Equity multiple: 11.80×
• Total profit: $136,136
• Equity at exit: $3,891

Cash invested: $12,600 (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: 2.0×

Monthly cashflow live

• Estimated rent: $1,859 high
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $1,033

Break-even live

Break-even rent $552

Max offer price $45,000

Occupancy floor 39%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
69360 Poolside Dr Desert Hot Springs, CA	3.0	2.0	648	$1,800	$2.78	2d	1	0.76mi
70875 Dillon Rd Desert Hot Springs, CA	2.0	2.0	720	$2,200	$3.06	43d	1	0.88mi
18070 Langlois Rd #257 Desert Hot Springs, CA	2.0	2.0	1056	$1,850	$1.75	43d	1	1.03mi
18070 Langlois Rd Dsrt Hot Spgs, CA	2.0	2.0	950	$1,850	$1.95	24d	1	1.03mi
15935 Mary Cir Desert Hot Springs, CA	1.0	1.0	550	$1,350	$2.45	18d	1	1.30mi

Listing history 16 events

1. 2026-06-18
   days on market $45,000 Active 126 DOM
2. 2026-06-17
   days on market $45,000 Active 125 DOM
3. 2026-06-16
   days on market $45,000 Active 124 DOM
4. 2026-06-15
   days on market $45,000 Active 123 DOM
5. 2026-06-13
   days on market $45,000 Active 121 DOM
6. 2026-06-13
   days on market $45,000 Active 120 DOM
7. 2026-06-09
   days on market $45,000 Active 117 DOM
8. 2026-06-08
   days on market $45,000 Active 116 DOM
9. 2026-06-07
   days on market $45,000 Active 115 DOM
10. 2026-06-04
    days on market $45,000 Active 112 DOM
11. 2026-06-03
    days on market $45,000 Active 111 DOM
12. 2026-06-02
    days on market $45,000 Active 110 DOM
13. 2026-06-01
    days on market $45,000 Active 109 DOM
14. 2026-05-31
    days on market $45,000 Active 108 DOM
15. 2026-05-16
    price $45,000 831-char remark

    Show marketing remark (831 chars)

    Great Opportunity! Steps to the Clubhouse, this listing presents a 2-bedroom, 1991 National Park Model home with low rents at the esteemed 55+ Caliente Springs Resort. The residence offers wood-style flooring throughout, a dedicated laundry room outfitted with a stack washer and dryer, and a generous, private backyard featuring fruit trees and peaceful serenity, a large shed for storage alongside picturesque views of Mt. San Jacinto and surrounding hills. Residents have access to a range of amenities, including a 9-hole golf course, mineral-fed hot springs pool and spas, chapel services, and additional facilities. The property is move-in ready and provides a versatile space suitable for personal customization to meet your design preferences. Please note that the lot is not owned; monthly space rent is $707. Make offers!

16. 2026-02-12
    listed $55,000 Active 831-char remark

    Show marketing remark (831 chars)

    Great Opportunity! Steps to the Clubhouse, this listing presents a 2-bedroom, 1991 National Park Model home with low rents at the esteemed 55+ Caliente Springs Resort. The residence offers wood-style flooring throughout, a dedicated laundry room outfitted with a stack washer and dryer, and a generous, private backyard featuring fruit trees and peaceful serenity, a large shed for storage alongside picturesque views of Mt. San Jacinto and surrounding hills. Residents have access to a range of amenities, including a 9-hole golf course, mineral-fed hot springs pool and spas, chapel services, and additional facilities. The property is move-in ready and provides a versatile space suitable for personal customization to meet your design preferences. Please note that the lot is not owned; monthly space rent is $707. Make offers!

ⓘ 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 A · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥109°F today · 16 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: $22,312
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$1,727
• − Repairs & maintenance: −$1,785
• − Management: −$1,785
• − Depreciation: −$1,309
• Taxable income: $12,510
• Est. tax owed @ 24.0%: −$3,002
• After-tax cash flow: $9,390/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 move-in ready manufactured home is in good condition with minimal repairs needed. It offers a good investment opportunity with potential for value increase through cosmetic updates.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Resale Replace countertops and backsplash in kitchen — Improves kitchen functionality and aesthetics
• Resale Install new flooring in bathrooms — Enhances bathroom aesthetics and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Resale Replace countertops and backsplash in kitchen — Improves kitchen functionality and aesthetics ↑
• Resale Install new flooring in bathrooms — Enhances bathroom aesthetics and value ↑

ⓘ 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 — 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

-18.2% since first listed

2 events — show timeline

• 2026-05-16 Price Changed $45,000 GPSMLS
• 2026-02-12 Listed $55,000 GPSMLS