309 Via Don Benito
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Nearby Schools
Educational options and performance ratings in the area.
Rancho Mirage Elementary School
Nellie N. Coffman Middle School
Cathedral City High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At a purchase price of $129,800, the projected 16.9% rental yield and $1,174 monthly cash flow appear exceptional on paper; however, a conservative analyst must look beyond the top-line figures. This property is a manufactured home, which in Cathedral City typically indicates it is situated in a land-lease community. Monthly space rent, which can range from $700 to $1,200 in this region, may not be fully factored into the cash flow calculation, potentially erasing the projected profit. Additionally, manufactured homes often depreciate structurally and face stricter financing requirements, limiting resale liquidity. While the immediate cash-on-cash return is high, the lack of land ownership and vulnerability to lot fee increases represent significant long-term risks.
- • High gross rental yield exceeding 16%
- • Low entry-level price point for the Coachella Valley market
- • Generous 1,560 sqft floor plan for a 2-bedroom configuration
- • Strong short-term cash flow potential if space rent remains stable
- • Likely land-lease structure which increases overhead and limits equity growth
- • Manufactured homes generally appreciate slower than traditional stick-built real estate
- • Financing hurdles for older manufactured units often require cash buyers or specialized loans
- • Exposure to extreme desert heat increases utility costs and HVAC maintenance requirements
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-15 | Sold | $119,000 | $76 |
| 2026-05-16 | Contingent | $129,800 | $83 |
| 2026-04-07 | Listed for sale | $129,800 | $83 |
| 2026-04-06 | Contingent | $129,800 | $83 |
| 2026-03-29 | Price change | $129,800 | $83 |
| 2026-03-01 | Price change | $149,000 | $96 |
| 2025-11-28 | Listed for sale | $169,000 | $108 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $25,158 |
| 2025 | $276.78 | $25,158 |
| 2024 | $274.58 | $23,960 |
| 2023 | $267.72 | $22,603 |
| 2022 | $244.8 | $20,548 |
| 2021 | $256.12 | $21,527 |
| 2020 | $223.64 | $19,570 |
| 2019 | $217.6 | $19,000 |
| 2018 | $217.7 | $19,000 |
| 2017 | $138.2 | $19,000 |
| 2016 | $138.2 | $19,000 |
| 2015 | $133.26 | $19,000 |
| 2014 | $134.98 | $19,000 |
| 2013 | $0 | $19,000 |
| 2012 | $0 | $17,100 |
| 2011 | $0 | $16,500 |
| 2010 | $0 | $16,500 |
| 2009 | $0 | $33,680 |
| 2008 | $0 | $54,100 |
| 2007 | $0 | $53,040 |
| 2006 | $0 | $35,672 |
| 2005 | $0 | $34,973 |
| 2003 | $0 | $33,660 |
| 2002 | $0 | $33,000 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $18,090/yr
On $29,854 invested
Prime loan qualification
Equity + cumulative cash
Monthly Cash Flow Breakdown
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