HomeStakes Top Property Picks July 16

Welcome to this week's exclusive list of some of the most lucrative vacation rental properties across the country! This week we dive into properties across California, Arizona, and Texas that stand out as short-term rentals.

For those new to our lists, or who need a refresher on our criteria and terms used in our lists, please review our post covering HomeStakes Top Property Lists. Here, you'll find all the details on how we break these lists down to the key criteria we are evaluating and why.

This list is designed to save you time and stress when navigating the vacation rental property market, and ultimately make your next investment decision easier and faster. Our team of experts has carefully curated this weekly list based on criteria such as estimated revenue, occupancy rate, daily rate, and all other crucial factors that contribute to a property's success.

If you are not looking to currently buy investment properties, you can learn more about real estate investing with our other FREE resources HERE.

Dive into our top properties of the week and discover what makes them stand out in the vacation rental market. Equip yourself with the knowledge you need to make informed decisions and excel in your vacation rental property investment journey!

Joshua Tree, California Vacation Homes

60632 La Mirada Trl, Joshua Tree, CA 92252

List Price: $385,000
Accommodations: 3 Bed / 2 Bath - 1,200 SF on 0.41 Acres lot
Total estimated revenue: $49,563
Occupancy rate: 46%
Daily rate: $295
NOI: $29,440
Location: A
Property Summary: Built in 2004, this 3-bed, 2-bath home features a front covered patio with stone pebbles, landscape path lights, a cowboy tub, and space for entertaining. Inside, there's a spacious living room with polished concrete floors and central air conditioning, a dining area with backyard access, and a large kitchen with modern amenities. The three bedrooms include a master with a private bathroom, and there's an attached two-car garage for convenience.
Notes: The interior is in perfect, turn-key condition, while the exterior offers ample space for adding entertainment features in the backyard, such as a fence to enhance elegance and safety, just minutes from organic restaurants, cafes, bars, and the farmers market in Joshua Tree, with more amenities a short trip away to Yucca Valley and 29 Palms, and Joshua Tree National Monument's main gate only 10 minutes away, as well as being conveniently near some schools, parks, rock climbing schools, and just 9 minutes from Yucca Valley Airport.

60727 Natoma Trl, Joshua Tree, CA 92252

List Price: $424,500
Accommodations: 3 Bed / 2 Bath - 1,620 SF on 0.42 Acres lot
Total estimated revenue: $49,636
Occupancy rate: 45%
Daily rate: $302
NOI: $29,503
Location: A
Property Summary: Built in 1984, this 3-bed, 2-bath home has been fully renovated with updated electrical and plumbing, new energy-efficient windows, and a quiet swamp cooler. The 2021 kitchen remodel includes new countertops, refurbished cabinetry with farmhouse pulls, a stainless-steel sink with reverse osmosis filtering, a Maytag electric double-oven, Whirlpool gas stove-top, microwave, and GE dishwasher. Sliding glass doors lead to a large screened porch overlooking the landscaped garden, with an attached 2-car garage that has washer and dryer hook-ups.
Notes: The interior is in perfect, turn-key condition, and the exterior offers ample space to add a pool in the backyard, which is huge; located just minutes from the west entrance of Joshua Tree Monument and close to major amenities, shopping, entertainment, restaurants, and two Farmers Markets, this home is also conveniently within reach of great schools, a 45-minute drive to Palm Springs, and a 2-hour drive to Los Angeles and San Diego, making it a well-built and well-maintained retreat that perfectly blends natural beauty and modern living.

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