OFF_MARKETRisky Deal69 days on market

38207 Paradise Way

38207 Paradise Way, Cathedral City, CA 92234, Cathedral City, CA 92234
$579,000
Zestimate®:$573,000

Listing Price

Property image 1
38207 Paradise Way, Cathedral City, CA 92234
Loc: Cathedral City, CA
Days Listed
69
Tax Assessed
$211k
Zestimate®
$573k
Market Rate
Lot Size
9,148 sqft
Rent Estimate
$2,923/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

4

Rancho Mirage Elementary School

K-5
3.7 mi away
4

Nellie N. Coffman Middle School

6-8
2.3 mi away
4

Cathedral City High School

9-12
2.7 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.81%
Total ROI
13.7%
Cash Flow
$-608/mo
DSCR
0.79
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-29Listed for sale$579,000$432
2026-04-07Contingent$599,000$447
2026-04-02Price change$599,000$447
2026-03-19Price change$639,000$477
2026-02-26Listed for sale$669,000$499
2003-05-12Sold$280,000$209

Tax History

YearProperty TaxTax Assessment
2025$4,606.04$211,376
2024$4,649.78$207,233
2023$4,657.72$203,171
2022$4,623.24$199,189
2021$4,542.56$195,284
2020$4,395.36$193,283
2019$4,335.06$189,494
2018$4,246.48$185,779
2017$4,190.1$182,137
2016$4,190.1$178,567
2015$4,014.58$175,886
2014$3,992.1$172,443
2013$0$171,665
2012$0$168,300
2011$0$173,000
2010$0$207,000
2009$0$201,000
2008$0$308,734
2007$0$302,681
2006$0$296,747
2005$0$290,930
2003$0$134,444
2002$0$131,809
2001$1,508.08$115,649
2000$1,321.12$113,383
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,341
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $579,000Rent Basis: Observed Comp Model ($2,923/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $290/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.79%

NOI: $21,943/yr

Cash-on-Cash Yield
-10.6%

On $133,170 invested

DSCR Ratio
0.61x

Negative debt coverage

5-Yr Leveraged ROI
+41.2%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.75% of basis)-$132/mo
Homeowner / Hazard Insurance-$290/mo
Vacancy Reserve (5% of rent)-$146/mo
Repairs & Maintenance (10% of rent)-$292/mo
Property Management (8% of rent)-$234/mo
Total Pure Operating Expenses-$1,094/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,923/mo
Less: Operating Expenses-$1,094/mo
Net Operating Income (NOI)+$1,829/mo
Less: Debt Service (30yr @ 6.75%)-$3,004/mo
Net Cash Flow
$-1,176/mo
$-14,108/year
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