$375,000
Avg. Purchase Price
$225
Avg. Nightly Rate
48%
Avg. Occupancy
desert
Market Type
Joshua Tree has become an Instagram-famous desert getaway. Unique architecture and stargazing attract couples and creatives seeking desert aesthetics.
Property Details
$
Total property acquisition cost
%
%
years
$
Average rate per night
%
Expected annual occupancy
$
Per turnover
nights
%
Airbnb/VRBO service fee (typically 3%)
$
Annual
$
Annual
$
Monthly average
$
Monthly
%
% of revenue
%
% of revenue (0 if self-managing)
Monthly Cash Flow
$367
$4,409 / year after all expenses
Viable Deal
Break-even at 43% occupancy
Cash-on-Cash
4.2%–
Return on your cash invested
Cap Rate
7.2%↑
NOI / Purchase price
Break-Even
43%↑
Minimum occupancy needed
Turnovers/Year
59
175 nights occupied
Financial Summary
Annual Gross Revenue$46,795
Annual Expenses
Platform Fees$1,404
Property Tax$4,313
Insurance$1,500
Utilities$3,000
Maintenance Reserve$2,340
Cleaning Costs$7,375
Total Expenses$19,932
Net Operating Income$26,863
Annual Mortgage-$22,454
Annual Cash Flow$4,409
Your Investment
Down Payment$93,750
Est. Closing Costs (3%)$11,250
Total Cash Needed$105,000
Loan Amount$281,250
Monthly Mortgage (P&I)$1,871
Joshua Tree STR Market Highlights
- 1Instagram-famous desert destination
- 2Unique architectural properties command premiums
- 3Stargazing and national park proximity
- 4Los Angeles day-trip and weekend market
Seasonality in Joshua Tree
Spring (March-May) and fall (October-November) are peak. Summer is too hot, winter nights are cold.
Joshua Tree STR Regulations
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DSCR Calculator
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VRBO Calculator
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Arbitrage Calculator
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Frequently Asked Questions
Market averages are estimates for educational purposes only. See full disclaimer