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Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$2,539
$3,092
Appreciation
Data-driven answers to common investor questions about this market.
5.2%
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Job Growth
0.02%
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Population
51,551
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The LTR Genie Score of Palm Desert, CA is 59 and STR Genie Score is 49, indicating a moderate level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0731% suggests a steady increase in rental prices over time, while the LTR Net ROI of 17.24% and STR Net ROI of 18.02% indicate favorable returns on investment. The 1-Year Price Appreciation Forecast of 1.5% suggests a stable market with potential for growth.
The STR Occupancy rate of 50.0 and STR Revenue of 3092 indicate a decent demand for short-term rentals in Palm Desert. However, the slightly higher LTR Genie Score compared to the STR Genie Score suggests that long-term rental investment may be more attractive in this market.
Palm Desert, CA is a popular resort city known for its golf courses, luxury resorts, and outdoor recreational activities. The city attracts tourists and snowbirds looking to escape cold winters, making it a desirable location for both long-term and short-term rental investments.
Overall, Palm Desert, CA presents a promising opportunity for real estate investors, particularly in the long-term rental sector. With steady rent growth, favorable ROI, and a stable market forecast, investing in long-term rental properties in Palm Desert could yield profitable returns. However, investors should also consider the potential for short-term rentals, given the city's appeal to tourists and seasonal visitors. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals may be the most advantageous approach in this market.