Are you looking for a place to invest in the California real estate market, but don’t know where? How about Joshua Tree?
Location is everything when it comes to real estate investing, and the location we’re talking about today is Joshua Tree. If you’re looking for real estate investment properties in The Golden State, Joshua Tree’s your best bet. Specifically Joshua Tree Airbnb properties, but we’ll talk more about that later on in the blog. First, let’s talk about Joshua Tree real estate.
Related: What’s the Deal with Airbnb Joshua Tree?
Joshua Tree Real Estate
Buying property in Joshua Tree could be the best move for your real estate investing career. With the increased tourism, Joshua Tree vacation rentals are on fire in the current real estate market. You know what we’re talking about. You’ve probably already heard some buzz about Joshua Tree real estate, or you wouldn’t be here. So, what’s so special about the high desert real estate market? Here are a couple of reasons why Joshua Tree real estate is where you should be investing:
Small Community
Everyone’s searching for vacation places in California. Those that end up in Joshua Tree are a special bunch. The Joshua Tree real estate market isn’t as large as the other housing markets in California. However, the small community it serves makes it all the better for real estate investors interested in the area. Everyone who ends up in Joshua Tree is looking for the same thing, a desert escape. Even homeowners searching for the best place to buy a house in California stem from the same root. What this means for real estate investors is that you know what’s in demand.
What we mean by this is you know what the people are looking for in Joshua Tree. People vacationing there are interested in a rental property with an art, design, and natural setting. Yes there is high tourism, but everyone you’re serving has the same tastes- it’s very clear what’s in and what’s not. This makes it easier for you to design your investment property and market it in a way that will attract tenants. Check out the listings and reviews on Airbnb Joshua Tree to see what’s in demand.
Related: 6 Tips to Help You With Marketing Your Property for Rent
Increased Tourism
Park attendance to the Joshua Tree National Park is on the rise. The increased tourism is working all sorts of wonders for Joshua Tree real estate. Throughout recent years, the popularity of this high desert region has just been increasing more and more. This rise in tourism has really spiked economic growth in this region, making it all the better for real estate investors searching for Joshua Tree investment property.
People love being active and love exploring nature, but at the end of the day, they’re going to need a place to stay. That’s where you come in. Buying property in Joshua Tree opens up so many opportunities. Not only do you get a place to stay at if you choose to escape to the desert, but you can also rent out the other rooms to the swarm of tourists in the area. You’re going to need to be smart about this though. A lot of real estate investors have realized how hot Joshua Tree real estate is and are just as eager as you are to invest. That’s why if you choose to buy investment properties in Joshua Tree, you want to put in a bit of effort to have your property stand out. It’s a very trendy area, and people there are looking for cool places to stay at. But don’t worry, some remodeling won’t break the bank because another cool thing about Joshua tree real estate is the price.
Related: 6 Rental Renovation Tips to Know Before Spending Any Money
Joshua Tree Real Estate Numbers
Wondering about the property prices of Joshua Tree real estate? How about the occupancy rate? How about literally anything else? Well, your search for answers is over because, with Mashvisor, you can use our investment property calculator and find out what you need to know about any neighborhood in any city in the country. The following data for Joshua Tree real estate investment properties is provided by Mashvisor’s investment property calculator:
- Median Property Price: $281,319
- Airbnb Rental Income: $2,588
- Traditional Rental Income: $952
- Airbnb Cap Rate: 6.71%
- Traditional Cap Rate: 0.97%
- Airbnb Cash on Cash Return: 6.71%
- Traditional Cash on Cash Return: 0.97%
- Airbnb Occupancy Rate: 55.57%
With the increased popularity, buying investment properties in Joshua Tree at such a low median property price is a no-brainer. You probably noticed the huge difference in the cap rate and CoC return between Airbnb rentals and traditional rentals. With the ease of searching for and booking a place to stay over the internet, Airbnb has become the more popular option in many locations. Airbnb properties in Joshua Tree clearly realize a higher monthly rental income as well. So if you’re looking to invest in Joshua Tree real estate, we’d recommend you go for the Airbnb route rather than the traditional route. Before hosting on Airbnb, check out the Joshua Tree Airbnb laws.
Final Words on Joshua Tree Real Estate
The Joshua Tree real estate market is definitely one to keep an eye out for. Clearly, you should definitely be investing in Joshua Tree real estate property, if that was ever a question for you. If we haven’t sold you on Joshua Tree, but you still want to invest in real estate property in California, check out these blogs:
- California Real Estate Market: Best Places to Buy a Rental Property in 2018
- What Are the Best Places to Invest in the California Real Estate Market?
- Most Affordable Locations for Buying an Investment Property in the California Real Estate Market in 2018
For more on Joshua Tree real estate investing, read the following blogs:
- Investing in Joshua Tree Real Estate: An Unexpectedly Good Opportunity
- Buying Property vs. Buying Land in Joshua Tree: Which One Is the Best Investment Strategy?
Don’t forget to make use of all the amazing tools Mashvisor has to offer like our investment property calculator and much more. To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here