HomeStakes Top Property Picks May 28
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 Florida 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!
Palm Springs, California, Vacation Homes
385 E Desert Willow Cir, Palm Springs, CA 92262
List Price: $1,145,000
Accommodations: 3 Bed / 2 Bath - 1,225 SF on 9,583 sqft lot
Total estimated revenue: $112,495
Occupancy rate: 50%
Daily rate: $616
NOI: $84,190
Location: A-
Property Summary: This 3-bed, 2-bath home built in 1959 features paid-for solar, a new roof, and an Aerus air scrubber. Enjoy tongue and groove ceilings, polished concrete floors, modern finishes, and an island-style kitchen opening to the dining and living area. The resort-style backyard includes a covered patio, private pool, spa, firepit, and 3-chip putting course. The primary ensuite has a private bath and side yard access, while the other bedrooms have easy access to a hallway bath. There's also a 2-car garage with EV charger, storage, and laundry.
Notes: The interior and exterior of the property are in perfect turnkey condition and well-maintained, located at the end of a cul-de-sac with a premier south-facing backyard, just 9 minutes from Palm Springs International Airport and 4 minutes from the International Heart & Lung Institute, and conveniently near the Palm Springs Art Museum, schools, parks, restaurants, cafes, golf clubs, markets, shopping, and more.
2860 E Ventura Rd, Palm Springs, CA 92262
List Price: $818,000
Accommodations: 3 Bed / 2 Bath - 1,380 SF on 0.25 Acres lot
Total estimated revenue: $95,876
Occupancy rate: 42%
Daily rate: $625
NOI: $69,732
Location: B+
Property Summary: This 3-bed, 2-bath mid-century modern home, built in 1979, features an open floor plan, upgraded galley kitchen, bright dining area, living room with fireplace, main bedroom with walk-in closet and 3/4 bath, two hallway bedrooms with large closets, full hallway bath, insulated garage turned recreation room, new mini-split HVAC in all rooms, a large backyard with resurfaced deep pool and diving board, backyard seating, BBQ, frisbee golf, solar panels, and RV parking.
Notes: The interior and exterior are in perfect turnkey condition, though the tiles need some cleaning as they look old and dirty, and the property is conveniently located near Palm Springs International Airport, the International Heart & Lung Institute, the Palm Springs Art Museum, schools, parks, restaurants, cafes, golf clubs, markets, shopping, and more.
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