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42694 E Veldt Street — Rancho Mirage — 4 Beds • 3 Baths • 2,580 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

OPEN APR 19 · 12PM – 2PM

+51 more

$1,425,000

4 DOM

$552/sqft4 bd3 ba2,580 sqft

Call

42694 E Veldt St Rancho Mirage, CA 92270

13,068sqft lot

PRICED to SELL. Magnesia Falls Cove is a hidden gem in the heart of Rancho Mirage. No HOA hassles! This designer desert home has been a great family retreat and occasional rental. FULLY FURNISHED and ready for the season, furniture, amazing art and accessories included in the price! 4 bedrooms and 3 baths in 2,580 square feet on an oversized lot. 2 car garage. Great open kitchen for cooking and entertaining, LARGE living room, dining room and den/media room. Quiet and private PRIMARY SUITE with giant shower and massive closet, outdoor tub & shower as a fun bonus area. AND 3 additional bedrooms! UPDATED resort pool with Pentair equipment package, pebble finish, tanning shelf, umbrellas, raised spa with waterfall. NO work to be done, just arrive, take in the mountain views and RELAX!2 minutes to ''The River'' shopping and dining, 10 minutes to premier shopping and dining on EL Paseo Drive. Surrounded by hiking, golf and tennis opportunities. NOTE: INSTANT gratification found HERE and a quick, clean escrow is available.

MLS 219146189DA

(760) 902-1451 (Office) (760) 902-1451 (Cell) randyroy2@yahoo.com

Est. payment

$9,106/mo

Principal & interestTaxesInsurance

$7,206$1,484$416

Down %

Rate %

Years

Down payment: $285,000 · Total cost: $2,879,007

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$9,106/mo

Principal & interest: $7,206
Est. property tax: $1,484
Est. insurance: $416
Down payment: $285,000

Est. gross rent$5,938/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-3,168/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Apr 10, 2026	$1,425,000	—

Facts & Features

Structure & Property

Year Built1956

Garage Spaces2

(760) 902-1451 (Office) (760) 902-1451 (Cell) randyroy2@yahoo.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

42694 E Veldt Street, Rancho Mirage, CA 92270

Get Directions

Call

42694 E Veldt St Rancho Mirage, CA 92270

About this home

Randy Roy

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Randy Roy

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

42694 E Veldt Street, Rancho Mirage, CA 92270

About This Property

Property Photos

42694 E Veldt St Rancho Mirage, CA 92270

About this home

Randy Roy

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Randy Roy

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.