Desert Hot Springs Vacation Rental for Sale

67721 San Andreas Street Desert Hot Springs, CA 92240

$575,000 | 4 Bedrooms | 2 Bathrooms | 6.9% Cap Rate

‍I'm Interested in this Property

Listing Description

Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

Experience the epitome of luxury and relaxation at this extraordinary Short Term Vacation Rental in Desert Hot Springs. Situated in the heart of the Coachella Valley, this immaculate property boasts four spacious bedrooms and two tastefully renovated bathrooms, providing ample space for you and your guests. Step inside and be captivated by the stunning open-concept kitchen featuring exquisite granite countertops, perfect for culinary adventures and entertaining loved ones.

As you venture outdoors, prepare to be enchanted by the breathtaking mountain views that surround the property. Indulge in ultimate serenity as you unwind in the pristine saltwater pool or luxuriate in the rejuvenating hot tub, allowing your worries to melt away. The outdoor patio provides the perfect ambiance for hosting unforgettable gatherings or simply savoring moments of tranquility.

Beyond the confines of this stunning retreat, you'll find yourself perfectly positioned between the vibrant energy of downtown Palm Springs and the awe-inspiring allure of the world-renowned Joshua Tree National Park. Immerse yourself in the thriving arts and culture scene, savor delectable cuisine, and explore the endless recreational opportunities that abound in this remarkable region.

Whether you're seeking a weekend getaway or a long-term investment, this exceptional property offers an unparalleled opportunity to own a slice of paradise. Don't miss your chance to experience the epitome of luxury living and unlock the potential for lucrative returns. Invest in this remarkable Short Term Vacation Rental and embark on a journey of unforgettable experiences and financial prosperity.

The Airbnb Investment Financials

How much does the home cost?

$575,000  

‍How much will it earn on Airbnb?

$7,100 per month

‍How much will it cost to furnish it?

Transforming this Short Term Vacation Rental into a haven of comfort and style comes with a furnishing budget of $30,710. This budget includes the cost of designing the space, furnishing the entire home with high-quality furniture, incorporating outdoor amenities that have shown to increase average daily rates (ADR), as well as covering the expenses of furniture shipping and assembly. 

How much will it cost to renovate?

To enhance the property's appearance and ensure it is rent-ready, an estimated renovation cost of $5,000 is recommended. This budget allows for additional repairs and improvements that will contribute to the overall appeal of the house.

How much cash can you take home in the first year?

Based on the financial analysis provided, the estimated monthly cash flow in the first year is $920. Multiplying this amount by 12 months, the projected cash you can take home in the first year is approximately $11,040. It's important to note that this is a projection based on various factors and assumptions, and actual results may vary. 

What is the cap rate for this property?

The estimated cap rate is 6.9%.

All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Desert Hot Springs Short-Term Rental Regulations

What are the short-term rental laws and regulations in Desert Hot Springs, California?

Desert Hot Springs has implemented new rules and regulations for short-term vacation rentals. As of July 6, 2022, there are approximately 242 short-term rentals in Desert Hot Springs, with 118 of them having a license and 124 without. Under the new ordinance, operating a short-term rental without a permit is prohibited and can result in fines.

The city of Desert Hot Springs has been developing new regulations and enforcement measures for short-term vacation rentals. However, specific details about these regulations were not mentioned in the provided search results. It is advisable to refer to the official website of the city or contact the relevant authorities for the most up-to-date and accurate information on the specific laws and regulations governing short-term rentals in Desert Hot Springs.

To obtain detailed information about the specific laws and regulations for short-term rentals in Desert Hot Springs, it is recommended to consult the official website of the city or contact the local government authorities responsible for regulating such rentals.

Is there a moratorium in short-term rentals in Desert Hot Springs, California?

There is no specific mention of a moratorium on short-term rentals in Desert Hot Springs, California.

Why Airbnb Guests Stay In Desert Hot Springs, California

Where is Desert Hot Springs, California?

Desert Hot Springs is located in Riverside County, California, United States. It is situated in the Coachella Valley, approximately 11 miles (18 kilometers) north of Palm Springs. The city is known for its natural hot mineral springs and is surrounded by desert landscapes, including the Joshua Tree National Park to the northeast.

‍What is there to do in Desert Hot Springs, California?

• Hot Mineral Springs: Desert Hot Springs is known for its natural hot mineral springs, and many resorts and spas in the city offer hot mineral spring experiences. Visitors can indulge in relaxing spa treatments, soak in mineral-rich pools, and enjoy the therapeutic benefits of the hot springs.
• Joshua Tree National Park: Located nearby, Joshua Tree National Park is a must-visit destination for outdoor enthusiasts. The park features stunning desert landscapes, unique rock formations, Joshua trees, and offers opportunities for hiking, rock climbing, stargazing, and photography.
• Outdoor Activities: Desert Hot Springs and its surrounding areas provide opportunities for outdoor activities such as hiking, biking, and horseback riding. The nearby San Jacinto Mountains offer scenic trails with beautiful vistas, including the popular Santa Rosa and San Jacinto Mountains National Monument.
• Golfing: Golf enthusiasts can enjoy the beautiful desert golf courses in the area. The Coachella Valley is home to numerous golf courses, including the Desert Dunes Golf Club, Mission Lakes Country Club, and the Desert Hot Springs Spa and Hotel Golf Course.
• Art and Culture: Explore the local art scene by visiting art galleries, studios, and art festivals in Desert Hot Springs. The city is home to various artists and hosts art events throughout the year.
• Shopping and Dining: Desert Hot Springs offers a range of shopping and dining options. Visit local boutiques, antique stores, and craft markets for unique finds. The city also has a variety of restaurants, cafes, and eateries that cater to different tastes.
• Health and Wellness Retreats: The city's natural hot springs and serene desert environment make it an ideal destination for health and wellness retreats. Many resorts and retreat centers in Desert Hot Springs offer yoga classes, meditation retreats, and wellness programs.

What kinds of people travel to Desert Hot Springs, California?

• Spa and Wellness Seekers: Desert Hot Springs is renowned for its hot mineral springs, which are believed to have healing and therapeutic properties. Visitors looking for relaxation, rejuvenation, and wellness experiences often travel to Desert Hot Springs to enjoy the hot springs, spa treatments, and wellness retreats available in the area.
• Nature and Outdoor Enthusiasts: The region surrounding Desert Hot Springs offers beautiful desert landscapes, including Joshua Tree National Park. Outdoor adventurers, hikers, rock climbers, nature lovers, and photographers are attracted to the area's natural beauty and opportunities for activities like hiking, camping, and exploring the desert ecosystem.
• Art and Culture Enthusiasts: Desert Hot Springs has a growing art scene with local galleries, art festivals, and artistic events. Art lovers, artists, and creative individuals may travel to the city to explore its art offerings, visit galleries, attend art shows, and engage with the local creative community.
• Golfers: The Coachella Valley, including Desert Hot Springs, is known for its numerous golf courses. Golf enthusiasts of all skill levels may travel to the area to enjoy the challenging courses, beautiful surroundings, and favorable weather conditions for golfing.
• Winter Escapists and Snowbirds: Desert Hot Springs experiences pleasant weather during the winter months, making it an attractive destination for individuals looking to escape colder climates. Retirees and snowbirds often travel to Desert Hot Springs to enjoy the warm temperatures, outdoor activities, and relaxed lifestyle during the winter season.
• Weekend Getaway Seekers: Due to its proximity to larger cities like Los Angeles, San Diego, and Las Vegas, Desert Hot Springs is a popular destination for weekend getaways. People seeking a quick escape from urban areas may visit the city to relax, unwind, and enjoy the hot springs, spas, and other recreational activities available.
• Health and Wellness Retreat Participants: Desert Hot Springs is known for its wellness retreats, which offer various programs focused on yoga, meditation, detoxification, and overall well-being. Individuals looking to improve their health, engage in self-care, and learn new wellness practices may travel to Desert Hot Springs to participate in these retreats.

When are the busiest and slowest seasons for tourism in Desert Hot Springs, California?

The busiest and slowest seasons for tourism in Desert Hot Springs, California can vary based on several factors, including weather, events, and visitor preferences. However, generally speaking, the following trends can be observed:

The busiest season for tourism in Desert Hot Springs typically occurs during the winter months, particularly from November through March. Many tourists, including snowbirds and winter escapists, flock to the area during this time to enjoy the warm desert climate and escape colder regions. The pleasant weather, with average temperatures ranging from the 70s to the 80s Fahrenheit (20s to 30s Celsius), attracts visitors seeking outdoor activities, spa treatments, and relaxation.

In addition to the winter season, holidays and special events can also contribute to increased tourism. Popular events like the Coachella Valley Music and Arts Festival and Stagecoach Country Music Festival, held in nearby Indio during April, can bring a surge of visitors to the area, including those who choose to stay in Desert Hot Springs.

The slowest season for tourism in Desert Hot Springs tends to be during the summer months, particularly from June through August. The desert temperatures during this time can reach high levels, often exceeding 100 degrees Fahrenheit (38 degrees Celsius). The extreme heat can deter some tourists from visiting, leading to a decrease in overall tourism activity.

It's worth noting that the slower season can also provide an opportunity for travelers looking for more affordable rates and fewer crowds. Some visitors who are comfortable with the heat may still choose to visit during the summer months and take advantage of lower prices on accommodations and attractions.

How far is Desert Hot Springs, California from the nearest airport?

Desert Hot Springs, California is located approximately 11 miles (18 kilometers) north of Palm Springs. The nearest airport to Desert Hot Springs is the Palm Springs International Airport (PSP), which is situated in Palm Springs. The distance between Desert Hot Springs and Palm Springs International Airport is around 11 miles (18 kilometers), and the driving time is typically about 20 minutes, depending on traffic conditions.

Are there any major events in Desert Hot Springs, California?

• Desert Hot Springs Spa Tour: This annual event allows visitors to explore the city's hot mineral spring resorts and spas. Participants can enjoy tours, demonstrations, and special promotions related to wellness and relaxation.
• Desert Hot Springs Veterans Day Parade: The city holds an annual Veterans Day Parade to honor and show appreciation for military veterans. The parade features marching bands, floats, and community organizations.
• Desert Hot Springs Yoga Fest: This event celebrates the practice of yoga and promotes health and wellness. It typically includes yoga classes, workshops, speakers, live music, and vendors.
• Desert Hot Springs Fall Festival: The Fall Festival is a family-friendly event that often features live entertainment, food vendors, arts and crafts booths, games, and activities for all ages.
• Community Concert Series: Desert Hot Springs has hosted various community concert series in the past, showcasing local musicians and performers. These events provide opportunities for the community to come together and enjoy live music.

What Airbnb amenities do guests expect and pay a premium for in Desert Hot Springs, California?

• Private Pool or Hot Tub: Given the city's reputation for hot mineral springs, having a private pool or hot tub is a desirable amenity for many guests. Access to a well-maintained and private pool or hot tub can be a significant selling point and may command a higher rental rate.
• Outdoor Living Space: Desert Hot Springs enjoys pleasant weather for a large part of the year, making outdoor living spaces highly desirable. Patios, decks, or balconies with comfortable seating areas, outdoor dining options, and even outdoor kitchens or BBQ facilities are often sought after by guests.
• Desert Views: Desert Hot Springs offers beautiful desert landscapes, and accommodations with scenic desert views are highly appealing. Guests may be willing to pay a premium for rentals that provide unobstructed views of the surrounding mountains, sunsets, or the vast desert landscape.
• Spa-like Amenities: Given the city's focus on wellness and relaxation, guests often appreciate Airbnb rentals that provide spa-like amenities. This can include features such as luxurious bathrooms with whirlpool tubs, rainfall showers, plush bathrobes, and high-quality toiletries.
• Privacy and Seclusion: Many guests seeking a getaway in Desert Hot Springs value privacy and seclusion. Accommodations that offer a sense of privacy, whether through secluded settings, landscaped gardens, or well-designed layouts, can be in high demand and may command higher prices.
• Well-Equipped Kitchen: Some guests prefer to have the option of cooking their meals while staying in an Airbnb. A well-equipped kitchen with modern appliances, cookware, and utensils can be a significant advantage and may attract guests who value the convenience and cost-saving aspect of preparing their own meals.
• Air Conditioning: Given the desert climate, air conditioning is often considered a crucial amenity by guests. Providing a well-functioning and effective air conditioning system can greatly enhance the comfort of guests and make the accommodation more desirable.

From Listing to Airbnb

1. Place an offer on this property: If you have a local real estate agent forward them this email and let them know you are interested in the property. If you want help finding the best representation, simply reply to this email and request an agent. Awning will get in touch with it’s network of agents. It’s best to be qualified for a mortgage, here is a list of lenders that work with Airbnb investors.
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Renovate and furnish the property: This property is easy to renovate and furnish. Then you’ll need some items, which you can find in this Airbnb Host Checklist.
4. Gather necessary documents and permission: You’ll want to consult Texas Short Term Rental Laws. In most cases, you won’t require an attorney as the paperwork process is straightforward.
5. List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
6. Manage the Airbnb: If you choose to self-manage the Airbnb you should not have much trouble finding reliable cleaners in the area.
7. Awning Management: If you choose to use Awning Property Management we can take care of gathering documents and list the property for you. You can learn more about Awning Property Management or reach our team by responding to this email.