24 Coolidge Dr · Cathedral City, CA 92234

$76,900

1 bd · 1.0 ba · 749 sqft · Manufactured · 136 Days on market

Built 2022 Good condition $103/sqft · 64% above area ↓ 35% 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
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turn-Key 2022 Manufactured Home | Immaculate Condition | Welcome to this beautifully maintained manufactured home, built in 2022 and gently lived in for less than two years by the current owner. Purchased in 2024, this home is now back on the market in pristine, move-in-ready condition—truly turn key. Pride of ownership shows throughout, with thoughtful upgrades added within the last year that will remain with the property. Enjoy energy-efficient heat-blocking blinds, a drinking water filtration system, and a Whirlpool washer and dryer (approximately one year old). The Whirlpool refrigerator, also about one year old, stays with the home as well. For added peace of mind, the ADT security system is included. The park is conveniently located just off Hwy 111, providing easy access to grocery stores, convenience stores, and shopping. A short drive puts you close to a wide variety of restaurants, retail, and everyday amenities—making this an ideal location for both comfort and convenience. This home offers the rare opportunity to own a nearly new manufactured home in a park setting without the wait or cost of new construction. Clean, modern, and meticulously cared for, it’s ideal for buyers seeking comfort, convenience, and value. Don’t miss this opportunity to own a like-new home with valuable upgrades already in place!

Key facts

• Adt security system
• Parking
• Community pool

Tags

• WHIRLPOOL WASHER AND DRYER
• WHIRLPOOL REFRIGERATOR
• ADT SECURITY SYSTEM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $77k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $843 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $77k).
• Recommended offer: $68k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.5% 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; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $532 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 + 3.2% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $23k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,672 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 2.23% ✓
• Cap rate: 19.45%
• Cash-on-cash: 46.99%
• DSCR: 3.09
• GRM: 3.7

CMA / ARV

• ARV (median comp): $47,000
• List price: $76,900
• Delta: 63.62%
• Verdict: OVERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2 Harrison St	0.16mi	2/1.0 (+1)	720 (-4%)	5mo	$47,000	$65	77
17 Hayes	0.19mi	1/1.0	720 (-4%)	15mo	$55,000	$76	72
17 Arthur Dr	0.13mi	2/1.0 (+1)	672 (-10%)	0mo	$23,000	$34	72
14 Hayes	0.22mi	2/1.0 (+1)	784 (+5%)	7mo	$24,000	$31	71
11 Mckinley St	0.06mi	1/1.0	800 (+7%)	20mo	$38,000	$48	70
9 Hayes	0.21mi	1/1.0	700 (-6%)	14mo	$45,000	$64	68
14 Garfield Dr	0.19mi	2/2.0 (+1)	820 (+10%)	1mo	$57,500	$70	65
58 Calle De Las Nubes	0.36mi	2/2.0 (+1)	800 (+7%)	5mo	$110,000	$138	59
90 Calle De Espacio	0.47mi	2/2.0 (+1)	800 (+7%)	16mo	$116,000	$145	45
22 Calle De Las Nubes	0.35mi	2/2.0 (+1)	860 (+15%)	9mo	$149,000	$173	42

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: 44.6%
• Equity multiple: 2.93×
• Total profit: $41,633
• Equity at exit: $11,466

10-year hold

• IRR: 50.6%
• Equity multiple: 5.97×
• Total profit: $107,020
• Equity at exit: $6,649

Cash invested: $21,532 (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: 3.7×

Monthly cashflow live

• Estimated rent: $1,713 high
• Mortgage (P&I): −$403
• Tax from tax record: −$75 /mo · $898/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $843

Break-even live

Break-even rent $646

Max offer price $76,900

Occupancy floor 46%

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: $19,225
• Closing costs: $2,307
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36953 Bankside Dr Unit 10 Cathedral City, CA	1.0	1.0	700	$1,495	$2.14	21d	1	0.56mi
36953 Bankside Dr Unit A Cathedral City, CA	1.0	1.0	700	$1,495	$2.14	24d	1	0.56mi
36953 Bankside Dr Unit 5 Cathedral City, CA	1.0	1.0	700	$1,595	$2.28	2d	1	0.56mi
36957 Melrose Dr Unit C Cathedral City, CA	1.0	1.0	700	$1,495	$2.14	24d	1	0.59mi
36957 Melrose Dr Unit 7 Cathedral City, CA	1.0	1.0	700	$1,495	$2.14	21d	1	0.59mi
36947 Melrose Dr Unit 4 Cathedral City, CA	1.0	1.0	700	$1,595	$2.28	24d	1	0.60mi
36947 Melrose Dr Unit D Cathedral City, CA	1.0	1.0	700	$1,595	$2.28	21d	1	0.60mi
36947 Melrose Dr Unit 4 Cathedral City, CA	1.0	1.0	700	$1,595	$2.28	3d	1	0.60mi
68365 Tahquitz Rd Unit 8 Cathedral City, CA	1.0	1.0	600	$1,695	$2.83	3d	1	0.69mi
68365 Tahquitz Rd Unit 6 Cathedral City, CA	1.0	1.0	600	$1,695	$2.83	21d	1	0.69mi
37112 Palo Verde Dr Unit 3 Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	21d	1	0.73mi
37112 Palo Verde Dr Unit 4 Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	24d	1	0.73mi
37112 Palo Verde Dr Unit 4 Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	3d	1	0.73mi
37156 Palo Verde Dr Unit D Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	24d	1	0.75mi
37156 Palo Verde Dr Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	3d	1	0.75mi
37156 Palo Verde Dr Unit 5 Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	21d	1	0.75mi
68460 Kings Rd Unit 3 Cathedral City, CA	1.0	1.0	600	$1,695	$2.83	3d	1	0.75mi
68460 Kings Rd Unit C Cathedral City, CA	1.0	1.0	600	$1,695	$2.83	21d	1	0.75mi
37111 Cathedral Canyon Dr Unit B Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	2d	1	0.76mi
37111 Cathedral Canyon Dr Unit A Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	24d	1	0.76mi
37111 Cathedral Canyon Dr Unit 2 Cathedral City, CA	1.0	1.0	600	$1,595	$2.66	21d	1	0.76mi
37700 Van Fleet St Unit 3 Cathedral City, CA	1.0	1.0	525	$1,395	$2.66	43d	1	1.16mi
38501 Bel Air Dr Cathedral City, CA	1.0	1.0	468	$1,600	$3.42	18d	1	1.33mi

Listing history 19 events

1. 2026-06-18
   days on market $76,900 Active 136 DOM
2. 2026-06-17
   days on market $76,900 Active 135 DOM
3. 2026-06-16
   days on market $76,900 Active 134 DOM
4. 2026-06-15
   days on market $76,900 Active 133 DOM
5. 2026-06-13
   days on market $76,900 Active 131 DOM
6. 2026-06-13
   days on market $76,900 Active 130 DOM
7. 2026-06-09
   days on market $76,900 Active 127 DOM
8. 2026-06-08
   days on market $76,900 Active 126 DOM
9. 2026-06-07
   days on market $76,900 Active 125 DOM
10. 2026-06-04
    days on market $76,900 Active 122 DOM
11. 2026-06-03
    days on market $76,900 Active 121 DOM
12. 2026-06-02
    days on market $76,900 Active 120 DOM
13. 2026-06-01
    days on market $76,900 Active 119 DOM
14. 2026-05-31
    days on market $76,900 Active 118 DOM
15. 2026-04-02
    price $84,900 1361-char remark

    Show marketing remark (1361 chars)

    Turn-Key 2022 Manufactured Home | Immaculate Condition | Welcome to this beautifully maintained manufactured home, built in 2022 and gently lived in for less than two years by the current owner. Purchased in 2024, this home is now back on the market in pristine, move-in-ready condition—truly turn key. Pride of ownership shows throughout, with thoughtful upgrades added within the last year that will remain with the property. Enjoy energy-efficient heat-blocking blinds, a drinking water filtration system, and a Whirlpool washer and dryer (approximately one year old). The Whirlpool refrigerator, also about one year old, stays with the home as well. For added peace of mind, the ADT security system is included. The park is conveniently located just off Hwy 111, providing easy access to grocery stores, convenience stores, and shopping. A short drive puts you close to a wide variety of restaurants, retail, and everyday amenities—making this an ideal location for both comfort and convenience. This home offers the rare opportunity to own a nearly new manufactured home in a park setting without the wait or cost of new construction. Clean, modern, and meticulously cared for, it’s ideal for buyers seeking comfort, convenience, and value. Don’t miss this opportunity to own a like-new home with valuable upgrades already in place!

16. 2026-02-27
    price $94,900 1361-char remark

    Show marketing remark (1361 chars)

    Turn-Key 2022 Manufactured Home | Immaculate Condition | Welcome to this beautifully maintained manufactured home, built in 2022 and gently lived in for less than two years by the current owner. Purchased in 2024, this home is now back on the market in pristine, move-in-ready condition—truly turn key. Pride of ownership shows throughout, with thoughtful upgrades added within the last year that will remain with the property. Enjoy energy-efficient heat-blocking blinds, a drinking water filtration system, and a Whirlpool washer and dryer (approximately one year old). The Whirlpool refrigerator, also about one year old, stays with the home as well. For added peace of mind, the ADT security system is included. The park is conveniently located just off Hwy 111, providing easy access to grocery stores, convenience stores, and shopping. A short drive puts you close to a wide variety of restaurants, retail, and everyday amenities—making this an ideal location for both comfort and convenience. This home offers the rare opportunity to own a nearly new manufactured home in a park setting without the wait or cost of new construction. Clean, modern, and meticulously cared for, it’s ideal for buyers seeking comfort, convenience, and value. Don’t miss this opportunity to own a like-new home with valuable upgrades already in place!

17. 2026-02-02
    listed $99,900 Active 1361-char remark

    Show marketing remark (1361 chars)

    Turn-Key 2022 Manufactured Home | Immaculate Condition | Welcome to this beautifully maintained manufactured home, built in 2022 and gently lived in for less than two years by the current owner. Purchased in 2024, this home is now back on the market in pristine, move-in-ready condition—truly turn key. Pride of ownership shows throughout, with thoughtful upgrades added within the last year that will remain with the property. Enjoy energy-efficient heat-blocking blinds, a drinking water filtration system, and a Whirlpool washer and dryer (approximately one year old). The Whirlpool refrigerator, also about one year old, stays with the home as well. For added peace of mind, the ADT security system is included. The park is conveniently located just off Hwy 111, providing easy access to grocery stores, convenience stores, and shopping. A short drive puts you close to a wide variety of restaurants, retail, and everyday amenities—making this an ideal location for both comfort and convenience. This home offers the rare opportunity to own a nearly new manufactured home in a park setting without the wait or cost of new construction. Clean, modern, and meticulously cared for, it’s ideal for buyers seeking comfort, convenience, and value. Don’t miss this opportunity to own a like-new home with valuable upgrades already in place!

18. 2024-03-15
    historical
19. 2023-11-27
    listed $129,900 Active

ⓘ 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: $898 · $75/mo
• Projected year-2 tax: $898 · $75/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 22 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: $20,556
• − Mortgage interest: −$4,308
• − Property taxes: −$898
• − Insurance: −$384
• − Repairs & maintenance: −$1,644
• − Management: −$1,644
• − Depreciation: −$2,237
• Taxable income: $9,440
• Est. tax owed @ 24.0%: −$2,266
• After-tax cash flow: $7,852/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 None rehab

This 2022 manufactured home is in excellent condition, with modern appliances and fresh paint. It's move-in ready and would benefit from a fresh coat of exterior paint and tile flooring to further enhance its value.

Value-add opportunities

• Both Paint exterior — Fresh paint enhances curb appeal and value
• Both Replace carpet with tile in living areas — Tile is more durable and easier to clean
• Both Install smart home devices — Modernizes home and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Fresh paint enhances curb appeal and value ↑
• Both Replace carpet with tile in living areas — Tile is more durable and easier to clean ↑
• Both Install smart home devices — Modernizes home and adds 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 — 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

-34.6% since first listed

5 events — show timeline

• 2026-04-02 Price Changed $84,900 CRMLS
• 2026-02-27 Price Changed $94,900 CRMLS
• 2026-02-02 Listed $99,900 CRMLS
• 2024-03-15 Listing Removed — GPSMLS
• 2023-11-27 Listed $129,900 GPSMLS