For SaleExcellent Deal2 days on market
462 Cerritos Way
462 Cerritos Way, Cathedral City, CA 92234, Cathedral City, CA 92234
$119,000
Estimate®:$229,900$110,900 Under Market
Listing Price
462 Cerritos Way, Cathedral City, CA 92234
Loc: Cathedral City, CA
Days Listed
2
Tax Assessed
$50k
Estimate®
$230k
48% Under Valued
Lot Size
4,333 sqft
Rent Estimate
$2,604/mo
Est. Cash Flow base
Type
manufactured
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
2.9 mi away
4
Nellie N. Coffman Middle School
6-8
1.3 mi away
4
Cathedral City High School
9-12
1.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch-stylegolf course settingscenic landscapemanicured lawnprivate pondwater featuredesert oasispalm treesmountain viewssingle-storyspacious groundstranquil atmosphereoutdoor recreationresidential property
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 10/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
17.90%
Total ROI
347.9%
Cash Flow
$1,157/mo
DSCR
2.87
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $1,157/mo net cash flow with a 17.9% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (17.9%)
- • Strong rental demand in Cathedral City
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $119,000 | $60 |
| 2024-09-04 | Listing removed | $139,000 | $70 |
| 2024-08-26 | Listed for sale | $139,000 | $70 |
| 2024-06-01 | Listing removed | $0 | – |
| 2024-03-21 | Price change | $135,000 | $68 |
| 2024-02-25 | Price change | $139,000 | $70 |
| 2024-01-29 | Listed for sale | $149,000 | $75 |
| 2024-01-01 | Listing removed | $0 | – |
| 2023-10-16 | Price change | $149,000 | $75 |
| 2023-10-12 | Price change | $159,000 | $80 |
| 2023-08-11 | Listed for sale | $169,000 | $85 |
| 2014-11-23 | Listing removed | $1,300 | $1 |
| 2014-07-07 | Listed for rent | $1,300 | $1 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $49,749 |
| 2025 | $536.62 | $48,774 |
| 2024 | $548 | $47,818 |
| 2023 | $555.26 | $46,881 |
| 2022 | $547.56 | $45,962 |
| 2021 | $536.14 | $45,061 |
| 2020 | $509.68 | $44,599 |
| 2019 | $0 | $43,725 |
| 2018 | $491.18 | $42,868 |
| 2017 | $484.06 | $42,028 |
| 2016 | $484.06 | $41,204 |
| 2015 | $450.76 | $40,586 |
| 2014 | $447.6 | $39,792 |
| 2013 | $0 | $39,613 |
| 2012 | $0 | $38,837 |
| 2011 | $0 | $38,076 |
| 2010 | $0 | $37,793 |
| 2009 | $0 | $37,884 |
| 2008 | $0 | $37,142 |
| 2007 | $0 | $36,414 |
| 2006 | $0 | $35,700 |
| 2005 | $0 | $35,000 |
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