HomeStakes Top Property Picks August 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, Louisiana, and Hawaii that stand out as short-term rental markets.

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

61609 Adobe Dr, Joshua Tree, CA 92252

List Price: $398,500
Accommodations: 3 Bed / 2 Bath - 1,040 SF on 0.31 Acres lot
Total estimated revenue: $48,844
Occupancy rate: 43%
Daily rate: $311
NOI: $28,814
Location: A-
Property Summary: This 3-bedroom, 2-bath home, built in 2007, has a private patio and sits on a high point, offering nice views. The open floor plan is great for gatherings, with cozy bedrooms and two baths. The attached garage provides storage and includes a laundry area. The kitchen is equipped with a gas stove, dishwasher, and fridge. Central heating and air conditioning ensure year-round comfort, making it perfect for a full-time home or a vacation retreat.
Notes: The interior is in perfect turnkey condition and ready to move in; however, adding some gravel around the house, especially in sandy areas, could enhance its appearance and reduce dust, or consider adding more entertainment features to make use of the large lot. This home is ideally located just a short stroll or drive from vibrant downtown, where you can explore the local farmers market on Saturdays, enjoy nearby dining options, and experience the local culture. Nature lovers will appreciate that the entrance to Joshua Tree National Park is only a few miles away, offering countless adventure opportunities. It is also near schools, cafes, the Morongo Basin Ambulance Association, Joshua Basin Water District, San Bernardino County Fire Station 36, Hi-Desert Medical Center, and the nearest airport, Indio/Palm Springs (PSP), which is 24.4 miles away.

60201 Granada Dr, Joshua Tree, CA 92252

List Price: $445,000
Accommodations: 3 Bed / 2 Bath - 1,108 SF on 0.41 Acres lot
Total estimated revenue: $54,698
Occupancy rate: 52%
Daily rate: $288
NOI: $33,908
Location: A
Property Summary: This 3-bedroom, 2-bath home, built in 1986, offers a spacious backyard with a hot tub, cowboy pool, and room for outdoor activities. Inside, it has 3 bedrooms and 2 bathrooms, with the primary bedroom featuring an en suite bathroom. The kitchen and bathrooms have butcher block counters, and polished concrete floors give a modern look. The property has stunning views of boulders and Joshua trees, with a fenced backyard for privacy. It also includes a 2-car garage, central heating and AC, natural gas, and easy access via a paved road, perfect for full-time living or a vacation retreat.
Notes: The interior is in perfect turnkey condition and ready to move in; however, adding gravel or brick flooring around the house, especially in sandy areas, could enhance its beauty and appeal. Nestled in a vibrant town near Joshua Tree National Park, The Cosmic Rabbit offers easy access to local attractions while maintaining a peaceful atmosphere. It is conveniently located near schools, cafes, restaurants, the Morongo Basin Ambulance Association, Joshua Basin Water District, San Bernardino County Fire Station 36, Hi-Desert Medical Center, and is just 46 minutes away from the nearest airport, Indio/Palm Springs (PSP).

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