Mike and Maria Patakas at The Agency Palm Springs, Desert Cities

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Buying Income Properties for Vacation Rental- 8/2012- Palm Springs, CA

Buying Income Properties for Vacation Rental- 8/2012- Palm Springs, CA

3 Hand-Picked Properties below!

museum palm springs


Palm Springs is an ideal place for investing in an income property for vacation rental, as prices are still affordable and the returns can be very lucrative.

Consider these factors for Buying Income Properties for Vacation Rental in Palm Springs:

* Very few homes are restricted by a Home Owner's Association (HOA)
* During the high season (Oct-Apr), there are many weekends in high demand where you can charge more
* International destination- with the local airport there are flights coming in from all over the world
* Not uncommon to gross $30K-$70K annually (based on property features and location)
* Prices are still low- gain equity while earning strong income. In other areas the home prices would be much higher for similar income potential.
 
 

Home #1: 568 N Chiquita Cir

chiquita palm springs

Click photo for more information & enter the listing #21458078

Priced at $279,000 about a mile from downtown Palm Springs, this ideally located home has a low price and is perfect to earn considerable annual income. Many people that visit Palm Springs, already have an idea of where places are located, especially with map features on the internet. You can walk to downtown from here and enjoy a gorgeous mountain view in the backyard pool.

Estimated annual income is in the $30-$40K range for this home.


Home #2:  112 Canyon Rock Road

big rock palm springs

Click photo for more information & enter the Listing #41459158

Twin Palms is an extremely coveted area of Palm Springs, known for its incredible mountain view which feel like they are just a stones throw away. This home is priced at $374,900 which is low for this area. The home does need some updating, but the area and potential give it a good chance to gain good value down the road.

Estimated annual income would be in the $30K-$45K range.


Home #3: 1288 E San Jacinto Way

san jacinto

Click photo for more information & enter the Listing #41458190

This home is listed for $439,000 in the Movie Colony area, a steal at this time and has already earned close to $30K as of 8/15/12 of annual income- we haven't even got to the holiday season yet! This is a proven commodity in one of the most idyllic neighborhoods in Palm Springs. This is the time to act!

Estimated annual income would be in the $40K-$55K range.


We specialize in finding the right properties for buyers or investors for vacation rental income properties
. These estimates are based on marketing the home consistently, and does not include costs for property management. Contact us to discuss for further information, and we will help you find the right property, condo or home to start generating income.

 

 

Buying Income Properties for Vacation Rental- 8/2012- Palm Springs, CA

 

 

THEAGENCY

A Global Marketing and Sales Organization

Estates Agents 

Mike Patakas | Maria Patakas

760.808.5400 | 760.464.4650 

BRE #s: 01264926 | 01785498

 

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Comment balloon 0 commentsMike & Maria Patakas • August 24 2012 01:39PM
Buying Income Properties for Vacation Rental- 8/2012- Palm Springs, CA
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Buying Income Properties for Vacation Rental- 8/2012 - Palm Springs, CA 3 Hand-Picked Properties below! Palm Springs is an ideal place for investing in an income property for vacation rental as prices are still affordable and… more