ActiveResidential · sale

68775 Raposa Road

Cathedral City, CA 92234

$740,000

  • 5 beds
  • 4 baths
  • 2,641 sq ft
  • 0.18 acres
  • Built 1989

Listed by The Art In Real Estate · MLS #GD26106349

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1989.

Garage parking

3 garage spaces listed.

Property size

0.18 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Beautifully updated contemporary house featuring a modern doubledoor entryway glass railing staircase with high vaulted ceilings recessed lighting and more The remodeled chefs kitchen features extensive white cabinetry granite counter and stainless steel appliances Brightened by recessed lighting the layout flows into a spacious dining and family room Oversized windows large sliding glass doors open directly to the backyard and pool The main floor also includes a private firstfloor bedroom a separate guest restroom with a shower The Prime bedroom offers woodstyle flooring recessed lighting neutral paint tones a clean contemporary feel with a bright open layout The bathroom has been upgraded with large marblestyle tile flooring and walls a doublesink vanity w dark granite countertops modern square sinks updated cabinetry and a spacious glassenclosed shower There is also a separate jetted soaking tub surrounded by matching stone finishes adding a spalike touch Large windows provide natural light throughout the space Another smaller bedroom includes a skylight lighttoned flooring recessed lighting Another bedroom with sliding doors open directly to a private balcony that spans across the rear of the home adding architectural character a spacious private balcony with metal railing stucco finishes Spanishstyle clay tile roofing The upper level showcases a mix of modern rectangular and arched windows with vertical blinds bringing in natural light while adding architectural character Below the balcony is a covered patio area with recessed lighting and an outdoor ceiling fan Additional features include spacious hallways modern lighting fixtures a separate laundry room with builtin cabinetry sink and additional storage plus an attached multicar garage offering ample parking and functionality The resortstyle backyard is designed for yearround entertaining and relaxation featuring an expansive covered patio overlooking the pool area multiple lounge and dining spaces ceiling fans mounted TV setup and a builtin outdoor kitchen complete with BBQ grill sink serving counter and prep area Mature landscaping privacy hedges and spacious hardscape areas create a private and inviting setting ideal for entertaining and enjoying Southern California living Close to Agua Caliente Casino Cathedral City it is also a short drive to Agua Caliente Resort Casino Spa in Rancho Mirage

THE NEIGHBORHOOD

Explore the location.

68775 Raposa Road, Cathedral City, CA 92234

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1989
Full baths
3
Half baths
1
Garage spaces
3
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,GasOven
Flooring
Tile,Wood
Accessibility
NoStairs
Pool
Yes
Pool features
Private
Spa
Yes
Parcel
675161003
Elementary school
Rio Vista
Middle school
James Workman
High school
Cathedral City
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,083.33
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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68775 Raposa Road, Cathedral City, CA 92234 · MLS #GD26106349

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Property inquiries go to help@erabrokers.com.

More in Cathedral City.

Listing information

MLS #GD26106349 · California Regional MLS

Listing brokerage: The Art In Real Estate
Listing agent: Kristina Melkonyan

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.