68225 Marina Rd · Cathedral City, CA 92234

$475,000

3 bd · 2.0 ba · 1,760 sqft · SingleFamily public records · 6 Days on market

Built 1988 8,276 sqft lot $270/sqft · 23% below area Est $620k · 23% under

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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 +15.1/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• 1% rule +4.0/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a charming multi level home on Marina Rd, a quaint residential street in the Panorama neighborhood, very near to Panorama Park. The home is offered as-is, some updating needed, and has a nice layout, The entrance is on the middle level with a living Room and fireplace. The upper level is the kitchen with newer Stainless steel appliances, a breakfast bar and Dining Room, a Master BR and 2nd BR, and Bath. A charming patio deck outside the Dining Room is a wonderful place to sit, have a beverage and enjoy the sunset and Mountain views. The lower level has a Family Room or studio, a 3rd BR and bath and its own walk out to its patio. Also this level has a large crawl space for storage under the living room floor and direct access to the 2 car garage. The very large backyard is un-landscaped but is a nice canvas to create your own outdoor Shangri-La in the future. Come see the possibilities and make this home your own.

Key facts

• Updated kitchen
• Sunset views
• Multi-level home

Tags

• MULTI-LEVEL HOME
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• BREAKFAST BAR
• MOUNTAIN VIEWS
• SUNSET VIEWS

Property features AI

Finance

• Other: Standard sale; financing considered: Conventional, FHA, or cash to existing loan; Not available for short-term rental or lease
• HOA & community: No monthly association fee

Exterior

• Parking: Attached 2-car garage; 2 additional uncovered/unassigned parking spaces (4 total parking spaces)
• Security: No security features
• Utilities: Sewer connected and paid; Not part of a PUD
• Home design: Detached single-family residence; Three-story, multi/split level
• Construction: Year built (assessor source)
• Exterior features: Mountain view; Fee simple land

Interior

• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Unfurnished; Gas and wood fireplace in the living room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $475k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $426k (10.3% below list).
• Recommended offer: $426k (10.3% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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); 530 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% 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).
• At $4,261/mo this rent would consume 70% of the median local household income ($74k/yr) (locally 1682% 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 $14k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 5→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $426,139 (10.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.90% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.41%
• DSCR: 1.06
• GRM: 9.3

CMA / ARV

• ARV (median comp): $619,951
• List price: $475,000
• Delta: -23.38%
• 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
68090 Santelmo Rd	0.27mi	4/3.0 (+1)	1,681 (-4%)	0mo	$510,000	$303	71
67720 S Natoma Dr	0.43mi	3/2.5	1,684 (-4%)	0mo	$474,900	$282	70
67690 S Laguna Dr	0.51mi	3/2.5	1,825 (+4%)	2mo	$355,000	$195	66
67897 Pamela Ln	0.59mi	3/3.0	1,734 (-2%)	2mo	$640,000	$369	64
68810 Hermosillo Rd	0.60mi	4/3.0 (+1)	1,743 (-1%)	1mo	$729,900	$419	61
29616 W Trancas Dr	0.50mi	3/3.0	1,905 (+8%)	0mo	$579,000	$304	59
29709 W Laguna	0.67mi	3/3.0	1,825 (+4%)	0mo	$589,000	$323	58
68750 Fortuna Rd	0.57mi	3/2.0	1,565 (-11%)	2mo	$500,000	$319	53
67891 Jane Ln	0.63mi	3/2.0	1,990 (+13%)	0mo	$615,000	$309	48
68495 Pasada Rd	0.71mi	4/3.0 (+1)	1,659 (-6%)	0mo	$505,000	$304	48
30320 Travis Ave	0.62mi	3/2.0	1,523 (-14%)	2mo	$490,000	$322	47
29438 W Laguna Dr	0.73mi	2/2.5 (-1)	1,500 (-15%)	2mo	$537,500	$358	33

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: -13.8%
• Equity multiple: 0.50×
• Total profit: $-66,078
• Equity at exit: $70,824

10-year hold

• IRR: -4.6%
• Equity multiple: 0.69×
• Total profit: $-40,779
• Equity at exit: $41,069

Cash invested: $133,000 (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 92234

• Home prices YoY: -27.7%
• Rents YoY: 3.2%
• Active inventory: 530
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $4,261 high
• Mortgage (P&I): −$2,491
• Tax from tax record: −$522 /mo · $6,261/yr
• Insurance: −$198
• HOA: −$0
• Vacancy / Maint / Mgmt: −$895
• Net cashflow: $156

Break-even live

Break-even rent $4,064

Max offer price $475,000

Occupancy floor 91%

Sensitivity live

Price	-10% $425	-5% $290	+0% $156	+5% $21	+10% $-113
Rent	-10% $-181	-5% $-12	+0% $156	+5% $324	+10% $493
Rate	-1.0pp $395	-0.5pp $277	base $156	+0.5pp $33	+1.0pp $-92

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: $118,750
• Closing costs: $14,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
68245 Marina Rd Cathedral City, CA	4.0	3.0	2354	$3,000	$1.27	23d	1	0.05mi
68125 Alva Ct Cathedral City, CA	3.0	2.0	1544	$3,200	$2.07	45d	1	0.10mi
29500 Landau Blvd Unit B Cathedral City, CA	3.0	3.0	1800	$1,300	$0.72	0d	1	0.24mi
29521 E Trancas Dr Cathedral City, CA	2.0	3.0	1576	$5,500	$3.49	45d	1	0.27mi
68325 Peladora Rd Cathedral City, CA	3.0	2.0	1320	$3,199	$2.42	15d	1	0.29mi
68412 Descanso Cir Cathedral City, CA	3.0	2.0	1871	$3,200	$1.71	15d	1	0.34mi
29576 Sandy Ct Cathedral City, CA	3.0	2.0	1503	$5,000	$3.33	45d	1	0.35mi
68347 Descanso Cir Cathedral City, CA	3.0	2.0	2017	$3,700	$1.83	45d	1	0.36mi
29899 E Trancas Dr Cathedral City, CA	2.0	2.0	1690	$4,000	$2.37	45d	1	0.38mi
28868 Isleta Ct Unit 702 Cathedral City, CA	2.0	2.0	1285	$4,900	$3.81	25d	1	0.38mi
28868 Isleta Ct Cathedral City, CA	2.0	2.0	1285	$4,900	$3.81	45d	1	0.38mi
29756 Sandy Ct Cathedral City, CA	3.0	3.0	1732	$4,900	$2.83	45d	1	0.38mi
67727 S Natoma Dr Cathedral City, CA	2.0	3.0	1425	$4,500	$3.16	45d	1	0.41mi
29777 Sandy Ct Cathedral City, CA	3.0	3.0	1841	$5,000	$2.72	45d	1	0.43mi
68320 Espada Rd Cathedral City, CA	4.0	3.0	1600	$2,995	$1.87	45d	1	0.43mi
68640 Tortuga Rd Cathedral City, CA	3.0	2.5	2034	$3,200	$1.57	45d	1	0.44mi
28827 Isleta Ct Cathedral City, CA	3.0	2.0	1285	$4,500	$3.50	45d	1	0.45mi
68640 Tachevah Dr Cathedral City, CA	3.0	2.0	1290	$3,200	$2.48	25d	1	0.47mi
68640 Tachevah Dr Cathedral City, CA	3.0	2.0	1290	$3,200	$2.48	13d	1	0.47mi
67857 30th Ave Cathedral City, CA	3.0	2.0	1523	$3,500	$2.30	16d	1	0.49mi
29704 W Trancas Dr Cathedral City, CA	2.0	2.5	1425	$6,000	$4.21	45d	1	0.49mi
28260 Landau Blvd Unit B Cathedral City, CA	3.0	2.0	1354	$2,475	$1.83	0d	1	0.50mi
68705 Tortuga Rd Cathedral City, CA	3.0	2.0	1248	$3,600	$2.88	45d	1	0.50mi
29631 W Trancas Dr Cathedral City, CA	2.0	2.5	1533	$6,300	$4.11	45d	1	0.51mi
68425 Verano Rd Cathedral City, CA	2.0	1.0	1906	$3,800	$1.99	45d	1	0.53mi
67683 S Laguna Dr Cathedral City, CA	2.0	3.0	1825	$5,000	$2.74	45d	1	0.53mi
67665 Lagos Way Cathedral City, CA	3.0	2.0	1285	$4,500	$3.50	45d	1	0.54mi
68160 Modalo Rd Unit 68160 Cathedral City, CA	4.0	3.0	1735	$2,999	$1.73	16d	1	0.56mi
67659 S Natoma Dr Cathedral City, CA	2.0	2.5	1684	$6,800	$4.04	45d	1	0.56mi
28859 Desert Princess Dr Cathedral City, CA	3.0	2.0	1285	$3,700	$2.88	45d	1	0.56mi
68725 Tachevah Dr Cathedral City, CA	3.0	3.0	1822	$4,500	$2.47	45d	1	0.57mi
67646 S Natoma Dr Cathedral City, CA	2.0	3.0	1686	$6,000	$3.56	45d	1	0.58mi
29869 W Laguna Dr Cathedral City, CA	2.0	3.0	1604	$5,700	$3.55	45d	1	0.59mi
68315 Modalo Rd Cathedral City, CA	4.0	3.0	1743	$6,500	$3.73	45d	1	0.60mi
67645 Cielo Ct Cathedral City, CA	2.0	2.5	1604	$6,800	$4.24	45d	1	0.60mi
67595 Lagos Way Cathedral City, CA	3.0	3.0	1285	$3,500	$2.72	45d	1	0.62mi
67636 S Natoma Dr Cathedral City, CA	2.0	2.5	1533	$5,000	$3.26	45d	1	0.62mi
67568 S Laguna Dr Cathedral City, CA	3.0	2.5	1825	$7,000	$3.84	25d	1	0.63mi
67579 S Laguna Dr Cathedral City, CA	2.0	2.5	1704	$6,300	$3.70	45d	1	0.64mi
67613 Cielo Ct Cathedral City, CA	3.0	2.5	1825	$6,500	$3.56	45d	1	0.64mi

Listing history 10 events

1. 2026-05-12
   status Pending 582-char remark
2. 2026-05-06
   listed $475,000 Active 582-char remark
3. 2023-04-07
   status Active
4. 2023-03-08
   historical Active Under Contract
5. 2023-02-15
   listed $525,000 Active
6. 2021-06-24
   soldstatus $415,000 Closed

   Show marketing remark (935 chars)

   This is a charming multi level home on Marina Rd, a quaint residential street in the Panorama neighborhood, very near to Panorama Park. The home is offered as-is, some updating needed, and has a nice layout, The entrance is on the middle level with a living Room and fireplace. The upper level is the kitchen with newer Stainless steel appliances, a breakfast bar and Dining Room, a Master BR and 2nd BR, and Bath. A charming patio deck outside the Dining Room is a wonderful place to sit, have a beverage and enjoy the sunset and Mountain views. The lower level has a Family Room or studio, a 3rd BR and bath and its own walk out to its patio. Also this level has a large crawl space for storage under the living room floor and direct access to the 2 car garage. The very large backyard is un-landscaped but is a nice canvas to create your own outdoor Shangri-La in the future. Come see the possibilities and make this home your own.

7. 2021-06-21
   status Pending

   Show marketing remark (935 chars)

   This is a charming multi level home on Marina Rd, a quaint residential street in the Panorama neighborhood, very near to Panorama Park. The home is offered as-is, some updating needed, and has a nice layout, The entrance is on the middle level with a living Room and fireplace. The upper level is the kitchen with newer Stainless steel appliances, a breakfast bar and Dining Room, a Master BR and 2nd BR, and Bath. A charming patio deck outside the Dining Room is a wonderful place to sit, have a beverage and enjoy the sunset and Mountain views. The lower level has a Family Room or studio, a 3rd BR and bath and its own walk out to its patio. Also this level has a large crawl space for storage under the living room floor and direct access to the 2 car garage. The very large backyard is un-landscaped but is a nice canvas to create your own outdoor Shangri-La in the future. Come see the possibilities and make this home your own.

8. 2021-05-25
   historical Active Under Contract

   Show marketing remark (935 chars)

   This is a charming multi level home on Marina Rd, a quaint residential street in the Panorama neighborhood, very near to Panorama Park. The home is offered as-is, some updating needed, and has a nice layout, The entrance is on the middle level with a living Room and fireplace. The upper level is the kitchen with newer Stainless steel appliances, a breakfast bar and Dining Room, a Master BR and 2nd BR, and Bath. A charming patio deck outside the Dining Room is a wonderful place to sit, have a beverage and enjoy the sunset and Mountain views. The lower level has a Family Room or studio, a 3rd BR and bath and its own walk out to its patio. Also this level has a large crawl space for storage under the living room floor and direct access to the 2 car garage. The very large backyard is un-landscaped but is a nice canvas to create your own outdoor Shangri-La in the future. Come see the possibilities and make this home your own.

9. 2021-05-19
   listed $415,000 Active

   Show marketing remark (935 chars)

   This is a charming multi level home on Marina Rd, a quaint residential street in the Panorama neighborhood, very near to Panorama Park. The home is offered as-is, some updating needed, and has a nice layout, The entrance is on the middle level with a living Room and fireplace. The upper level is the kitchen with newer Stainless steel appliances, a breakfast bar and Dining Room, a Master BR and 2nd BR, and Bath. A charming patio deck outside the Dining Room is a wonderful place to sit, have a beverage and enjoy the sunset and Mountain views. The lower level has a Family Room or studio, a 3rd BR and bath and its own walk out to its patio. Also this level has a large crawl space for storage under the living room floor and direct access to the 2 car garage. The very large backyard is un-landscaped but is a nice canvas to create your own outdoor Shangri-La in the future. Come see the possibilities and make this home your own.

10. 1988-01-07
    soldstatus $16,000

ⓘ 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: $6,261 · $522/mo
• Projected year-2 tax: $6,261 · $522/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 5 d/yr ≥113°F today · 14 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: $51,137
• − Mortgage interest: −$26,607
• − Property taxes: −$6,261
• − Insurance: −$2,375
• − Repairs & maintenance: −$4,091
• − Management: −$4,091
• − Depreciation: −$13,818
• Taxable loss: −$6,107
• Est. tax savings @ 24.0%: +$1,466
• After-tax cash flow: $3,336/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 — 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

+2868.8% since first listed

10 events — show timeline

• 2026-05-12 Pending — GPSMLS
• 2026-05-06 Listed $475,000 GPSMLS
• 2023-04-07 Relisted — GPSMLS
• 2023-03-08 Contingent — GPSMLS
• 2023-02-15 Listed $525,000 GPSMLS
• 2021-06-24 Sold (MLS) $415,000 GPSMLS
• 2021-06-21 Pending — GPSMLS
• 2021-05-25 Contingent — GPSMLS
• 2021-05-19 Listed $415,000 GPSMLS
• 1988-01-07 Sold (Public Records) $16,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $6,261 · -0.8% YoY. Source: county tax records.