HomeStakes Top Property Picks September 3

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 Florida, California, and Texas 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!

Palm Springs, California Vacation Homes

2405 E Francis Dr, Palm Springs, CA 92262

List Price: $985,000
Accommodations: 3 Bed / 2 Bath - 1,584 SF on 0.26 Acres lot
Total estimated revenue: $101,311
Occupancy rate: 46%
Daily rate: $603
NOI: $74,460
Location: A-
Property Summary: This 1972-built home features 3 bedrooms, 2 baths, and a fully renovated south-facing pool and spa surrounded by lush landscaping and breathtaking mountain views. The chef's kitchen, complete with stainless steel appliances, quartz countertops, and an island, flows into the bright living and dining areas with tile floors and solar tubes. The spacious primary ensuite opens to a private oasis with a pool, spa, and covered patio, new interior and exterior paint.
Notes: This property offers an interior and exterior in perfect turnkey condition, ready for immediate move-in, with only minor weeding or mowing required at a small cost, and is conveniently located close to all essential amenities, including schools, restaurants, cafes, markets, and shopping centers, just 6 minutes from Palm Springs International Airport and Desert Regional Medical Center, 3 minutes from Palm Springs Fire Department Station 3, 9 minutes from Downtown Palm Springs, and many other nearby conveniences.

2295 E Nicola Rd, Palm Springs, CA 92262

List Price: $1,125,000
Accommodations: 3 Bed / 2 Bath -1,338 SF on 10,454 sqft lot
Total estimated revenue: $96,479
Occupancy rate: 45%
Daily rate: $587
NOI: $70,256
Location: A
Property Summary: This fully-furnished 1971-built home offers 3 bedrooms and 2 baths behind sleek block walls and retro-orange gates. The luxurious primary suite features a spacious sleeping area, chic dressing zone, cozy sitting nook with backyard access, and a spa-like ensuite. The west-facing backyard is ideal for entertaining, with mountain views, a custom pergola, bocce ball court, fire pit, and saltwater pool and spa. Inside, the retro-inspired living and dining area, along with the galley kitchen, adds charm, while the home also includes a sunroom, prepaid solar lease, 2-car garage, and off-street parking.
Notes: This property boasts an interior and exterior in perfect turnkey condition, fully move-in ready, so all you need to bring are your script, sunglasses, and sunscreen; it is ideally located close to schools, restaurants, cafes, markets, and shopping centers, just 6 minutes from Palm Springs International Airport and Desert Regional Medical Center, 3 minutes from Palm Springs Fire Department Station 3, 7 minutes from Downtown Palm Springs, and surrounded by many other amenities.

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