For SaleGood Deal1 days on market
68005 Lakeland Dr
68005 Lakeland Dr, Cathedral City, CA 92234, Cathedral City, CA 92234
$257,900
Estimate®:$254,800
Listing Price
68005 Lakeland Dr, Cathedral City, CA 92234
Loc: Cathedral City, CA
Days Listed
1
Tax Assessed
$345k
Estimate®
$255k
Market Rate
Lot Size
1 sqft
Rent Estimate
$2,558/mo
Est. Cash Flow base
Type
condo
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.
6
Cathedral City Elementary School
K-5
1.2 mi away
4
Nellie N. Coffman Middle School
6-8
1.2 mi away
4
Cathedral City High School
9-12
1 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
modernminimalistopen conceptvaulted ceilingsstucco wallshardwood flooringbalconymountain viewcontemporaryneutral color palettevirtually stagedceiling fansliding glass doorsspacious
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.46%
Total ROI
121.1%
Cash Flow
$266/mo
DSCR
1.20
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $266/mo net cash flow with a 7.5% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.5%)
- • 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 |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $257,900 | $215 |
| 2024-09-13 | Listing removed | $1,895 | $2 |
| 2024-07-10 | Price change | $1,895 | $2 |
| 2024-07-02 | Price change | $1,995 | $2 |
| 2024-06-06 | Listed for rent | $2,195 | $2 |
| 2023-03-30 | Listing removed | $0 | – |
| 2023-03-17 | Price change | $1,995 | $2 |
| 2023-03-11 | Price change | $2,095 | $2 |
| 2023-02-28 | Price change | $2,195 | $2 |
| 2023-02-10 | Listed for rent | $2,295 | $2 |
| 2021-07-28 | Listing removed | $0 | – |
| 2021-07-15 | Listed for rent | $2,000 | $2 |
| 2021-03-24 | Listing removed | $0 | – |
| 2019-01-14 | Listing removed | $1,425 | $1 |
| 2018-12-29 | Listed for rent | $1,425 | $1 |
| 2018-10-28 | Listing removed | $1,425 | $1 |
| 2018-09-26 | Price change | $1,425 | $1 |
| 2018-09-05 | Price change | $1,575 | $1 |
| 2018-08-26 | Listed for rent | $1,650 | $1 |
| 2017-05-16 | Listing removed | $1,500 | $1 |
| 2017-04-14 | Listed for rent | $1,500 | $1 |
| 2004-11-09 | Sold | $232,500 | $194 |
| 2004-01-16 | Sold | $157,000 | $131 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $344,757 |
| 2025 | $4,496.92 | $337,998 |
| 2024 | $4,547.92 | $331,371 |
| 2023 | $3,651.02 | $254,650 |
| 2022 | $4,463.28 | $318,505 |
| 2021 | $2,745.96 | $188,531 |
| 2020 | $2,425.52 | $171,392 |
| 2019 | $2,367.54 | $166,400 |
| 2018 | $2,288.72 | $160,000 |
| 2017 | $2,272.5 | $158,000 |
| 2016 | $2,272.5 | $158,000 |
| 2015 | $1,819.4 | $126,000 |
| 2014 | $1,837.3 | $126,000 |
| 2013 | $0 | $119,000 |
| 2012 | $0 | $100,000 |
| 2011 | $0 | $105,000 |
| 2010 | $0 | $149,000 |
| 2009 | $0 | $205,000 |
| 2008 | $0 | $166,000 |
| 2007 | $0 | $252,296 |
| 2006 | $0 | $247,350 |
| 2005 | $0 | $242,500 |
| 2003 | $0 | $112,200 |
| 2002 | $0 | $110,000 |
| 2001 | $846.84 | $64,371 |
| 2000 | $829.62 | $63,110 |
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