34735 Double Diamond Dr · Thousand Palms, CA 92276

$275,000

2 bd · 2.0 ba · 1,906 sqft · Manufactured public records · 71 Days on market

Built 1981 5,663 sqft lot $144/sqft · 18% below area Est $335k · 18% under $455/mo HOA · 14% 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 +19.9/30.0
• ARV discount +15.0/15.0
• 1% rule +6.6/10.0
• DSCR +6.3/10.0
• Schools +2.7/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2br 2ba with a den/office home has a view of the golf course from the Large Covered Patio that is great for entertaining. This home has a 413 Permanent Foundation and is ready for financing. Ivey Ranch CC & GC, is a gated, senior community of manufactured homes integrated with a 9 hole golf course, Pro-shop, Driving Range, 4 community pools, 2 community spas, Club House and a Seasonal Restaurant. In Ivey Ranch you own the land.

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1981

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $275k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $258k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 5.2% in Thousand Palms — 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 (#950 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: cost of living D, schools F, crime 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: 101 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $8k 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 71 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 23y 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 $118k; list at $275k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $122/mo.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,499 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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?
8. 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.
9. 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.
10. 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: 1.16% ✓
• Cap rate: 7.75%
• Cash-on-cash: 5.20%
• DSCR: 1.23
• GRM: 7.2

CMA / ARV

• ARV (median comp): $335,000
• List price: $275,000
• Delta: -17.91%
• 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
34766 Double Diamond Dr	0.03mi	2/2.0	1,940 (+2%)	9mo	$275,000	$142	88
34685 Stage Dr	0.08mi	2/2.0	2,012 (+6%)	1mo	$340,000	$169	86
74795 Stage Line Dr	0.04mi	2/2.0	2,016 (+6%)	5mo	$228,500	$113	84
74554 Stage Line Dr	0.25mi	2/2.0	1,948 (+2%)	3mo	$383,000	$197	82
34505 Double Diamond Dr	0.13mi	2/2.0	1,792 (-6%)	2mo	$335,000	$187	82
74825 Stage Line Dr	0.04mi	2/2.0	2,015 (+6%)	9mo	$350,000	$174	81
34774 Stage Dr	0.13mi	2/2.0	2,024 (+6%)	6mo	$335,000	$166	79
34878 Stage Dr	0.18mi	2/2.0	1,734 (-9%)	5mo	$285,000	$164	72
35220 Sand Rock Rd	0.30mi	3/2.0 (+1)	2,015 (+6%)	2mo	$385,000	$191	70
35471 Sand Rock Rd	0.39mi	2/2.0	1,820 (-4%)	8mo	$355,000	$195	68
34521 Mesquite Tree Dr	0.17mi	2/2.0	1,620 (-15%)	3mo	$387,500	$239	64
35050 Serenade	0.22mi	2/2.0	1,632 (-14%)	10mo	$340,000	$208	57

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: -11.0%
• Equity multiple: 0.60×
• Total profit: $-30,788
• Equity at exit: $41,003

10-year hold

• IRR: -1.6%
• Equity multiple: 0.89×
• Total profit: $-8,230
• Equity at exit: $23,777

Cash invested: $77,000 (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 92276

• Home prices YoY: -10.9%
• Active inventory: 101
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $3,200 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$183 /mo · $2,192/yr
• Insurance: −$115
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$455
• Vacancy / Maint / Mgmt: −$672
• Net cashflow: $211

Break-even live

Break-even rent $2,933

Max offer price $275,000

Occupancy floor 88%

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
74478 Millennia Way Palm Desert, CA	2.0	2.0	1652	$3,200	$1.94	5d	1	0.71mi
74699 Technology Dr Palm Desert, CA	3.0	1.0–3.0	1057	$3,378	$3.19	2d	25	0.77mi
74198 Storke Dr Palm Desert, CA	3.0	2.5	2000	$3,400	$1.70	8d	1	0.96mi
74189 Storke Dr Palm Desert, CA	3.0	3.0	1650	$2,995	$1.82	20d	1	0.98mi
74356 Nichols Dr Palm Desert, CA	3.0	2.0	1992	$3,600	$1.81	44d	1	1.00mi
76273 Cornell Way Palm Desert, CA	3.0	2.5	1878	$3,200	$1.70	14d	1	1.21mi
41515 Stanford Rd Palm Desert, CA	3.0	3.0	1725	$2,895	$1.68	24d	1	1.24mi
73528 Cierra St Palm Desert, CA	3.0	2.0	1547	$2,995	$1.94	15d	1	1.46mi
35515 Bains Ave Palm Desert, CA	3.0	2.5	1705	$3,399	$1.99	44d	1	1.47mi
37600 College Dr Palm Desert, CA	1.0–3.0	1.0–2.5	1195	$2,458	$2.06	2d	21	1.50mi

HOA detail

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

Listing history 36 events

1. 2026-06-18
   days on market $275,000 Active 71 DOM
2. 2026-06-17
   days on market $275,000 Active 70 DOM
3. 2026-06-16
   days on market $275,000 Active 69 DOM
4. 2026-06-15
   days on market $275,000 Active 68 DOM
5. 2026-06-13
   days on market $275,000 Active 66 DOM
6. 2026-06-13
   days on market $275,000 Active 65 DOM
7. 2026-06-09
   days on market $275,000 Active 62 DOM
8. 2026-06-08
   days on market $275,000 Active 61 DOM
9. 2026-06-07
   days on market $275,000 Active 60 DOM
10. 2026-06-04
    days on market $275,000 Active 57 DOM
11. 2026-06-03
    days on market $275,000 Active 56 DOM
12. 2026-06-02
    days on market $275,000 Active 55 DOM
13. 2026-06-01
    days on market $275,000 Active 54 DOM
14. 2026-05-31
    days on market $275,000 Active 53 DOM
15. 2026-04-18
    status Active 443-char remark

    Show marketing remark (443 chars)

    This 2br 2ba with a den/office home has a view of the golf course from the Large Covered Patio that is great for entertaining. This home has a 413 Permanent Foundation and is ready for financing. Ivey Ranch CC & GC, is a gated, senior community of manufactured homes integrated with a 9 hole golf course, Pro-shop, Driving Range, 4 community pools, 2 community spas, Club House and a Seasonal Restaurant. In Ivey Ranch you own the land.

16. 2026-04-08
    listed Active Under Contract 443-char remark

    Show marketing remark (443 chars)

    This 2br 2ba with a den/office home has a view of the golf course from the Large Covered Patio that is great for entertaining. This home has a 413 Permanent Foundation and is ready for financing. Ivey Ranch CC & GC, is a gated, senior community of manufactured homes integrated with a 9 hole golf course, Pro-shop, Driving Range, 4 community pools, 2 community spas, Club House and a Seasonal Restaurant. In Ivey Ranch you own the land.

17. 2026-04-08
    listed $275,000 443-char remark

    Show marketing remark (443 chars)

    This 2br 2ba with a den/office home has a view of the golf course from the Large Covered Patio that is great for entertaining. This home has a 413 Permanent Foundation and is ready for financing. Ivey Ranch CC & GC, is a gated, senior community of manufactured homes integrated with a 9 hole golf course, Pro-shop, Driving Range, 4 community pools, 2 community spas, Club House and a Seasonal Restaurant. In Ivey Ranch you own the land.

18. 2026-02-21
    historical
19. 2025-10-24
    price $250,000
20. 2025-05-12
    price $270,000
21. 2025-02-21
    listed $285,000 Active
22. 2025-02-19
    historical
23. 2024-11-16
    listed $300,000 Active
24. 2015-02-12
    soldstatus $118,000 Sold
25. 2015-02-12
    soldstatus $118,000 Closed
26. 2015-02-11
    soldstatus $118,100
27. 2014-12-22
    status Pending
28. 2014-11-12
    price $134,900
29. 2014-07-01
    listed $157,500 Active
30. 2003-06-17
    soldstatus $150,000
31. 2003-04-26
    historical
32. 2003-02-15
    listed $155,000
33. 2003-02-13
    historical
34. 2003-01-25
    listed $167,700
35. 1998-06-08
    soldstatus $95,000
36. 1989-12-22
    soldstatus $100,000

ⓘ 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: $2,192 · $183/mo
• Projected year-2 tax: $2,192 · $183/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 AO · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥114°F today · 19 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: $38,403
• − Mortgage interest: −$15,404
• − Property taxes: −$2,192
• − Insurance: −$2,842
• − Repairs & maintenance: −$3,072
• − Management: −$3,072
• − HOA: −$5,460
• − Depreciation: −$8,000
• Taxable loss: −$1,641
• Est. tax savings @ 24.0%: +$394
• After-tax cash flow: $2,932/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 — Thousand Palms

• Score: 53/100
• State rank: #950
• US rank: #24426

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Thousand Palms, CA
• City population: 7,662
• Population (ZIP): 7,662

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: Majority Hispanic (64%)
• Race & ethnicity: Hispanic / Latino 64% Two or more races 43% White 32% Native American 4%
• Hispanic origin (detail): Mexican 62%
• Common ancestry: Slovak 2% Lithuanian 1% Portuguese 1%
• Foreign-born: 16% · Canada
• Languages at home: 54% English-only · Spanish 43% German/W. Germanic 1% Other Indo-European 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: ▼ -46.86%
• Current HPI: 382.4439
• 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

+175.0% since first listed

22 events — show timeline

• 2026-04-18 Relisted — GPSMLS
• 2026-04-08 Listed — GPSMLS
• 2026-04-08 Listed $275,000 GPSMLS
• 2026-02-21 Listing Removed — CRMLS
• 2025-10-24 Price Changed $250,000 CRMLS
• 2025-05-12 Price Changed $270,000 CRMLS
• 2025-02-21 Listed $285,000 CRMLS
• 2025-02-19 Listing Removed — CRMLS
• 2024-11-16 Listed $300,000 CRMLS
• 2015-02-12 Sold (MLS) $118,000 GPSMLS
• 2015-02-12 Sold (MLS) $118,000 GPSMLS
• 2015-02-11 Sold (Public Records) $118,100 Public Records
• 2014-12-22 Pending — GPSMLS
• 2014-11-12 Price Changed $134,900 GPSMLS
• 2014-07-01 Listed $157,500 GPSMLS
• 2003-06-17 Sold (Public Records) $150,000 Public Records
• 2003-04-26 Listing Removed — GPSMLS
• 2003-02-15 Listed $155,000 GPSMLS
• 2003-02-13 Listing Removed — GPSMLS
• 2003-01-25 Listed $167,700 GPSMLS
• 1998-06-08 Sold (Public Records) $95,000 Public Records
• 1989-12-22 Sold (Public Records) $100,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $2,192 · +0.2% YoY. Source: county tax records.