18801 Roberts Rd #87 · Desert Edge, CA 92241

$59,000

2 bd · 2.0 ba · 640 sqft · Manufactured · 91 Days on market

Built 1963 Good condition 4,000 sqft lot $92/sqft · 81% above area $1/mo HOA ↓ 8% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to peaceful desert living in Wagner Mobile Home Park, where PRIDE OF OWNERSHIP shines. This well-maintained and thoughtfully upgraded home offers EXCEPTIONAL COMFORT, ENERGY EFFICIENCY, AND CHARM with DOUBLE WINDOWS (a SECONDARY WINDOW LAYER added to exterior of home for SUPERIOR INSULATION), helping keep the home cool on hot summer days. Enjoy PLANK WOOD-FINISH FLOORING, a BRIGHT AND FUNCTIONAL LAUNDRY ROOM with FRONT-LOADING WASHER & DRYER and direct access to a FENCED YARD. Home offers a DEDICATED STUDIO/HOBBY ROOM ADDING ADDITIONAL SPACE to the sq footage, perfect for work or creative space! Additional features include a NEWER A/C UNIT, LOW-MAINTENANCE LANDSCAPING, ALL APPLIANCES INCLUDED, and a STORAGE SHED. Wagner Park is a QUIET, LOW SPACE RENT ($520 monthly-INCLUDES TRASH & WATER), RENT CONTROLLED COMMUNITY surrounded by OPEN DESERT ON THREE SIDES with RESORT-STYLE AMENITIES including NATURAL HOT MINERAL SPRING WATER POOL & HOT TUBS, Laundry facilities, and an active CLUBHOUSE with POOL TABLE recycle center, PING PONG, SHUFFLEBOARD, HORSESHOES, LIBRARY, and Community social events. Home offerers the perfect blend of relaxation and lifestyle. DON'T MISS THIS OPPORTUNITY!!

Key facts

• Double windows
• Fenced yard
• Newer a c unit

Tags

• DOUBLE WINDOWS
• PLANK WOOD-FINISH FLOORING
• FENCED YARD
• DEDICATED STUDIO HOBBY ROOM
• NEWER A C UNIT
• LOW-MAINTENANCE LANDSCAPING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $59k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $59k).
• Recommended offer: $54k (9.0% below list) — sets the bar for market timing.
• Cap rate 33.3% 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 $408 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($54k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 3→9/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $53,690 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 3.73% ✓
• Cap rate: 33.33%
• Cash-on-cash: 96.56%
• DSCR: 5.30
• GRM: 2.2

CMA / ARV

• ARV (median comp): $32,512
• List price: $59,000
• Delta: 81.47%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18801 Roberts Rd #51	0.10mi	2/2.0	672 (+5%)	8mo	$55,000	$82	80
18801 Roberts Rd #99	0.10mi	1/1.0 (-1)	648 (+1%)	20mo	$31,000	$48	68
18801 Roberts Rd #86	0.10mi	2/1.0	720 (+12%)	8mo	$30,000	$42	63
18801 Roberts Rd #83	0.10mi	2/1.0	700 (+9%)	17mo	$12,500	$18	62
18801 Roberts Rd #171	0.10mi	2/1.0	724 (+13%)	11mo	$35,000	$48	60
18555 Roberts Rd #84	0.11mi	2/1.0	720 (+12%)	17mo	$40,000	$56	56
18025 Langlois Road Rd #85	0.44mi	2/1.0	600 (-6%)	19mo	$29,000	$48	49
17625 Langlois #9	0.66mi	2/1.0	700 (+9%)	3mo	$15,000	$21	47
17850 Corkill Rd #31	0.74mi	2/1.0	600 (-6%)	5mo	$25,000	$42	47

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: 97.5%
• Equity multiple: 5.55×
• Total profit: $75,135
• Equity at exit: $8,797

10-year hold

• IRR: —
• Equity multiple: 11.57×
• Total profit: $174,579
• Equity at exit: $5,101

Cash invested: $16,520 (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: 2.2×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$309
• Tax est. 1.5%: −$74 /mo · $885/yr
• Insurance: −$25
• HOA: −$1
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $1,329

Break-even live

Break-even rent $517

Max offer price $59,000

Occupancy floor 35%

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: $14,750
• Closing costs: $1,770
• 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	0.87mi

HOA detail

• Monthly dues: $1 · $12/yr
• Likely covers: watertrashlandscapingpool

Listing history 16 events

1. 2026-06-18
   days on market $59,000 Active 91 DOM
2. 2026-06-17
   days on market $59,000 Active 90 DOM
3. 2026-06-16
   days on market $59,000 Active 89 DOM
4. 2026-06-15
   days on market $59,000 Active 88 DOM
5. 2026-06-13
   days on market $59,000 Active 86 DOM
6. 2026-06-13
   pricedays on market $59,000 Active 85 DOM
7. 2026-06-09
   days on market $69,000 Active 82 DOM
8. 2026-06-08
   days on market $69,000 Active 81 DOM
9. 2026-06-07
   days on market $69,000 Active 80 DOM
10. 2026-06-04
    days on market $69,000 Active 77 DOM
11. 2026-06-03
    days on market $69,000 Active 76 DOM
12. 2026-06-02
    days on market $69,000 Active 75 DOM
13. 2026-06-01
    days on market $69,000 Active 74 DOM
14. 2026-05-31
    days on market $69,000 Active 73 DOM
15. 2026-04-18
    price $69,000 1223-char remark

    Show marketing remark (1223 chars)

    Welcome to peaceful desert living in Wagner Mobile Home Park, where PRIDE OF OWNERSHIP shines. This well-maintained and thoughtfully upgraded home offers EXCEPTIONAL COMFORT, ENERGY EFFICIENCY, AND CHARM with DOUBLE WINDOWS (a SECONDARY WINDOW LAYER added to exterior of home for SUPERIOR INSULATION), helping keep the home cool on hot summer days. Enjoy PLANK WOOD-FINISH FLOORING, a BRIGHT AND FUNCTIONAL LAUNDRY ROOM with FRONT-LOADING WASHER & DRYER and direct access to a FENCED YARD. Home offers a DEDICATED STUDIO/HOBBY ROOM ADDING ADDITIONAL SPACE to the sq footage, perfect for work or creative space! Additional features include a NEWER A/C UNIT, LOW-MAINTENANCE LANDSCAPING, ALL APPLIANCES INCLUDED, and a STORAGE SHED. Wagner Park is a QUIET, LOW SPACE RENT ($520 monthly-INCLUDES TRASH & WATER), RENT CONTROLLED COMMUNITY surrounded by OPEN DESERT ON THREE SIDES with RESORT-STYLE AMENITIES including NATURAL HOT MINERAL SPRING WATER POOL & HOT TUBS, Laundry facilities, and an active CLUBHOUSE with POOL TABLE recycle center, PING PONG, SHUFFLEBOARD, HORSESHOES, LIBRARY, and Community social events. Home offerers the perfect blend of relaxation and lifestyle. DON'T MISS THIS OPPORTUNITY!!

16. 2026-03-18
    listed $74,900 Active 1223-char remark

    Show marketing remark (1223 chars)

    Welcome to peaceful desert living in Wagner Mobile Home Park, where PRIDE OF OWNERSHIP shines. This well-maintained and thoughtfully upgraded home offers EXCEPTIONAL COMFORT, ENERGY EFFICIENCY, AND CHARM with DOUBLE WINDOWS (a SECONDARY WINDOW LAYER added to exterior of home for SUPERIOR INSULATION), helping keep the home cool on hot summer days. Enjoy PLANK WOOD-FINISH FLOORING, a BRIGHT AND FUNCTIONAL LAUNDRY ROOM with FRONT-LOADING WASHER & DRYER and direct access to a FENCED YARD. Home offers a DEDICATED STUDIO/HOBBY ROOM ADDING ADDITIONAL SPACE to the sq footage, perfect for work or creative space! Additional features include a NEWER A/C UNIT, LOW-MAINTENANCE LANDSCAPING, ALL APPLIANCES INCLUDED, and a STORAGE SHED. Wagner Park is a QUIET, LOW SPACE RENT ($520 monthly-INCLUDES TRASH & WATER), RENT CONTROLLED COMMUNITY surrounded by OPEN DESERT ON THREE SIDES with RESORT-STYLE AMENITIES including NATURAL HOT MINERAL SPRING WATER POOL & HOT TUBS, Laundry facilities, and an active CLUBHOUSE with POOL TABLE recycle center, PING PONG, SHUFFLEBOARD, HORSESHOES, LIBRARY, and Community social events. Home offerers the perfect blend of relaxation and lifestyle. DON'T MISS THIS OPPORTUNITY!!

ⓘ 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 3 d/yr ≥109°F today · 9 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: −$3,305
• − Property taxes: −$885
• − Insurance: −$295
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − HOA: −$12
• − Depreciation: −$1,716
• Taxable income: $15,963
• Est. tax owed @ 24.0%: −$3,831
• After-tax cash flow: $12,120/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 80/100 Cosmetic rehab

This well-maintained manufactured home in Desert Edge CA offers exceptional comfort and energy efficiency with double-pane windows and modern updates. A fresh coat of paint on the exterior siding would significantly boost its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace window screens — Improves energy efficiency and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace window screens — Improves energy efficiency and aesthetics ↑

ⓘ 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

-7.9% since first listed

2 events — show timeline

• 2026-04-18 Price Changed $69,000 GPSMLS
• 2026-03-18 Listed $74,900 GPSMLS