Palm Springs Investment Property

As a popular vacation destination, Palm Springs is an excellent place to buy a residential income property or investment property to make a little extra cash. Also known as non-owner occupied properties, these are homes for sale in Palm Springs that are meant to be bought for the purpose of renting, leasing, or reselling following an increase in the property's value. [Read more...]

Current Residential Income Properties For Sale in Palm Springs

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Active
225 E Avenida Palmera, Palm Springs

$5,895,000

225 E Avenida Palmera, Palm Springs

0 Beds 0 Baths 17,654 SqFt Fee Land MLS® # 22182577

James Gault Compass

Active
39950 Bird Lane, Rancho Mirage

$3,900,000

39950 Bird Lane, Rancho Mirage

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219080287DA

Jeannie Mari Niles Jeannie Niles Real Estate

Active
354 E Stevens Road, Palm Springs

$2,500,000

↓ $250,000

354 E Stevens Road, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219088804PS

Adam Gilbert The Firm Commercial

Active
980 N Indian Canyon Drive, Palm Springs

$2,400,000

980 N Indian Canyon Drive, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219089113PS

Adam Gilbert The Firm Commercial

Active
73385 Shadow Mountain Drive, Palm Desert

$1,749,000

73385 Shadow Mountain Drive, Palm Desert

0 Beds 0 Baths 4,114 SqFt Fee Land MLS® # 22227639

Rick Chimienti Berkshire Hathaway HomeServices California

Active
1500 S Via Entrada, Palm Springs

$1,499,000

↓ $100,000

1500 S Via Entrada, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 220026391SD

Richard Gutierrez Keller Williams SD Metro

Active
561 S Desert View Drive, Palm Springs

$1,200,000

561 S Desert View Drive, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219087593DA

Nayeli Paramo Nunez Desert Properties Realtors

Active
2724 N Junipero Avenue, Palm Springs

$999,000

2724 N Junipero Avenue, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219088875DA

Elaine Stewart Re/Max Desert Properties

Active
2715 N Junipero Avenue # 1-3, Palm Springs

$979,000

2715 N Junipero Avenue # 1-3, Palm Springs

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219088715DA

Campbell Crane Team Equity Union

Active
1146 S Palm Canyon Drive, Palm Springs

$975,000

↓ $125,000

1146 S Palm Canyon Drive, Palm Springs

0 Beds 0 Baths 2,320 SqFt Fee Land MLS® # 22162023

Cj Johnson Socalhomeshop Inc.

Active
3521 N Indian Canyon Drive, Palm Springs

$950,000

↓ $100,000

3521 N Indian Canyon Drive, Palm Springs

0 Beds 0 Baths 5,200 SqFt Fee Land MLS® # 22163461

Cj Johnson Socalhomeshop Inc.

Active
32305 Navajo Trail, Cathedral City

$925,000

32305 Navajo Trail, Cathedral City

0 Beds 0 Baths 0 SqFt Fee Land MLS® # 219074387DA

Elena Hernandez Fathom Realty Group Inc.

 

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Benefits of Owning Palm Springs Residential Income Properties

In the Palm Springs real estate market—as well as in nearby communities such as Palm Desert, Rancho Mirage, and Cathedral City—there are tons of opportunities to earn a significant amount of money with a strong vacation rental market and a steady price appreciation of real estate.

Many of the Palm Springs residential income properties for sale are multi-family properties such as duplexes, triplexes, fourplexes, and a variety of other townhouse or condo developments. In Palm Springs, there is a very realistic possibility to make a big profit off these investment properties due to the year-round demand for vacation rentals.

Also, when you decide to buy an investment property, you now have the freedom of being your own boss. You get to set the price of your new rental unit(s), you decide who your tenant will be, and you are in complete control of the property management. You're essentially running your own business, which allows you to set your own hours and know exactly when and how every aspect of the property will be taken care of.

Furthermore, those who own income properties for the purpose of renting them out are entitled to a variety of tax deductions. They can write off repairs to the units, travel costs related to the property, insurance, property taxes, and even interest on mortgage payments.

If you'd like more details on the financial benefits of owning a Palm Springs income property or you're interested in getting the latest updates on the rental property rules listed below, contact me. As an experienced local REALTOR®, I'm always on top of anything that impacts the Palm Springs real estate market.

Palm Springs Rental Property - Rules and Regulations

While there are plenty of benefits to buying an income property, it's important to be aware that the Palm Springs government has put some regulations on vacation rentals. These rules and regulations are certainly subject to change, but there are currently limits on the following:

  • Total number of rental contracts granted per year
  • Number of overnight guests (generally speaking, two guests per bedroom)
  • Total vehicles allowed (also based on number of bedrooms per unit)
  • Number of short-term rentals per owner
  • Ability to rent out homes as a strictly absentee investor

For more information on these regulations and registration fees for owners on vacation rental properties, you should certainly talk to your local real estate agent, which is where I come in. I'm an expert on these subjects and can answer any of your questions. Get in touch with me by filling out the form below.

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