Furnished One-Bedroom Income
For Sale
$114,900
193-69333 E Palm Canyon Dr, Cathedral City, CA 92234
Turnkey residence in a gated 55+ community with pools, clubhouse amenities, and a covered carport.
Property Size376 SF
Price / SF$305.59
Days on Market20
Property Features for 193-69333 E Palm Canyon Dr
General Information
Standard status
Active
Size
376 SF
Total Parking Spaces
1
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
gated community
pool
spa
clubhouse
ping pong
billiards
covered patio/deck
laundry room
Building Details
Buildings
1
Listing Agency:
The Agency Realty, Inc.
(949) 493-3902
Listed By:
Sean McGraw · License #01990350
(949) 493-3902
Source:
Exprealty
Added: Jul 23
Changed: Aug 11
Last Checked: Aug 11 at 2:47AM
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 The Agency Realty, Inc.
Investment Insights
Based on property information with market context.
This furnished one-bedroom, one-bath residence includes the furniture and appliances, supporting immediate occupancy. The kitchen is equipped with a gas cooktop and oven, microwave, dishwasher, and refrigerator. Interior features include a living room with built-in buffet and display cabinetry, a large bedroom closet, and a bathroom with a tub and shower. A full-size washer and dryer are located in the laundry room.
Outdoor space includes a newly renovated covered patio or deck with furniture, along with a covered one-car carport. The gated 55+ community offers two pools, spas, a clubhouse with ping pong and billiards, and mountain views. HOA dues include water, sewer, and trash. Shopping and restaurants are nearby.
Outdoor space includes a newly renovated covered patio or deck with furniture, along with a covered one-car carport. The gated 55+ community offers two pools, spas, a clubhouse with ping pong and billiards, and mountain views. HOA dues include water, sewer, and trash. Shopping and restaurants are nearby.
Key Highlights
- Furnished one‑bedroom, one‑bath residence with appliances and furniture included
- Newly renovated covered patio or deck with outdoor furniture
- Kitchen includes gas cooktop and oven, microwave, dishwasher, and refrigerator
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
$6,086
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
5.30%
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%
$121,720
$121.7K
Cap Rate 7%
$86,943
$86.9K
Cap Rate 9%
$67,622
$67.6K
Market Conditions
NOI Build-Up for 376 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
$11.3K $30.00/SF
− Vacancy
−$214 −$0.57/SF
EGI
$11.1K $29.43/SF
− OpEx
−$5.0K −$13.24/SF
NOI
$6.1K $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%
$121,720
Cap Rate 7%
$86,943
Cap Rate 9%
$67,622
Alternative Uses
Best Use
Apartment 5plus
$86.9K
$76.1K – $101.4K
NOI $6,086 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$112.6K
$98.6K – $131.4K
NOI $7,885 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 92234, CA
51,509
Population
23,114
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
3,480
Density / Sq Mi
$67,031
Median Household Income
$34,895
Median Earnings
$1,554
Median Rent
$420,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Turnkey residence in a gated 55+ community with pools, clubhouse amenities, and a covered carport.
Where is this residential income property located?
The property is located at 193-69333 E Palm Canyon Dr Cathedral City, CA.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Furnished one‑bedroom, one‑bath residence with appliances and furniture included; Newly renovated covered patio or deck with outdoor furniture; Kitchen includes gas cooktop and oven, microwave, dishwasher, and refrigerator
