Renovated Fleetwood Park Model
New
For Sale
$99,900
84136 Ave 44 #220, Indio, CA 92203
Updated interior with a tile shower, modern lighting, refreshed finishes, and furnished outdoor deck space.
Property Size400 SF
Price / SF$249.75
Days on Market2
Property Features for 84136 Ave 44 #220
General Information
Standard status
Active
Size
400 SF
Property subtype
ManufacturedInPark
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
clubhouses
laundry facilities
mailboxes
heated pools
spas
18-hole par 3 golf course
9-hole putting course
practice chipping/putting greens
tennis courts
pickle ball courts
shuffleboard courts
horseshoe pitch
fitness center
clubs & classes
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty
(760) 345-2527
Listed By:
James Richmond · License #01729522
(760) 844-2030
Source:
Tfregroup
Added: Sep 5
Last Checked: Sep 5 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Fleetwood park model residence offers an updated interior and furnished outdoor living area. Renovations included new flooring, skylights, windows, paint, LED lighting, blinds, a dishwasher, a microwave, and a walk-in tile shower with glass enclosure. The deck includes indoor-outdoor carpeting and updated furnishings. The residence is located within Rancho Casa Blanca, an 80-acre community with 801 individual park model homes or RV sites.
Community amenities include two clubhouses, four satellite buildings with laundry facilities and mailboxes, six heated pools and spas, an 18-hole par 3 golf course, a 9-hole putting course, tennis courts, pickleball courts, shuffleboard, a horseshoe pitch, and a fitness center. Rancho Casa Blanca also offers more than 60 clubs and classes. Occupancy is limited to 270 days, not necessarily consecutive, within each 365-day calendar year.
Community amenities include two clubhouses, four satellite buildings with laundry facilities and mailboxes, six heated pools and spas, an 18-hole par 3 golf course, a 9-hole putting course, tennis courts, pickleball courts, shuffleboard, a horseshoe pitch, and a fitness center. Rancho Casa Blanca also offers more than 60 clubs and classes. Occupancy is limited to 270 days, not necessarily consecutive, within each 365-day calendar year.
Key Highlights
- Fleetwood park model with PropertySize of 400
- Renovations included flooring, windows, skylights, paint, and LED lighting
- Walk‑in tile shower with glass door, dishwasher, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$129,500
$129.5K
Cap Rate 7%
$92,500
$92.5K
Cap Rate 9%
$71,944
$71.9K
Market Conditions
NOI Build-Up for 400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.0K $30.00/SF
− Vacancy
−$228 −$0.57/SF
EGI
$11.8K $29.43/SF
− OpEx
−$5.3K −$13.24/SF
NOI
$6.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$129,500
Cap Rate 7%
$92,500
Cap Rate 9%
$71,944
Alternative Uses
Best Use
Apartment 5plus
$92.5K
$80.9K – $107.9K
NOI $6,475 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.8K
$104.9K – $139.8K
NOI $8,388 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 92203, CA
31,366
Population
14,750
Households
2.1
Avg Household Size
42
Median Age
34%
College-Educated
89%
High-School Grad
18.5 sq mi
ZIP Area
1,695
Density / Sq Mi
$97,969
Median Household Income
$47,013
Median Earnings
$1,990
Median Rent
$496,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Updated interior with a tile shower, modern lighting, refreshed finishes, and furnished outdoor deck space.
Where is this mobile home & rv park located?
The property is located at 84136 Ave 44 #220 Indio, CA.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Fleetwood park model with PropertySize of 400; Renovations included flooring, windows, skylights, paint, and LED lighting; Walk‑in tile shower with glass door, dishwasher, and microwave
