1354 Carpenteria Avenue, Thermal, CA 92274, USA
Good Deal
74/100This is a solid deal — priced below the local market and positive monthly cash flow. Watch that the rental yield is thin.
- 24% below area price per sqft
- $106/mo positive cash flow
- Strong neighborhood (74/100)
- Cap rate only 4.95%
- No equity after repairs
Price vs. Market
ARV Assessment
Based on 6 recent sales within 0.5 miles, comparable townhome homes of similar size traded between $247k and $314k. The subject's 1,100 sqft and 3bd/2ba layout supports a midpoint estimate of $278k.
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Property presents in turnkey condition. Estimated rehab of $350k covers minor refresh and make-ready.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The Salton City rental market shows strong demand. Median area rent is $903/mo with a 18% vacancy rate.
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Comparable 3bd units nearby rent for $1,380–$1,650. At $1,500/mo the gross yield is 9% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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