HomeStakes Top Property List November 7 '22

This week, our top property list features short term rental opportunities from Joshua Tree, CA and New Orleans, LA.

For those new to our lists, or who need a refresher on our criteria and terms used in our lists, please review our post covering HomeStakes Top Property Lists. Here, you'll find all the details on how we break these lists down and the key criteria we are evaluating on and why.

Joshua Tree, California

• $695,000 List Price
• 4BR / 3 BA - 1,738 SF on 10,019 SF lot
• AGR estimate $116,800
• ADR estimate $552
• Occupancy estimate 58%
• NOI estimate $81,500
• HOA - No HOA
• Location - B
• Notes: New construction with great panoramic mountain views, swimming pool and large backyard

View this property here

• 4BR / 3 BA - 2,215 SF on 10,454 SF lot
• $729,000 List Price
• AGR estimate $98,600
• ADR estimate $477
• Occupancy estimate 57%
• NOI estimate $67,940
• HOA - No HOA
• Location - B
• Notes: Current airbnb income producing property, sale price includes all furnishings, great backyard for price range

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• $950,000 List Price
• 3BR / 2BA - 2,071 SF on 5 Acres
• AGR estimate $117,100
• ADR estimate $471
• Occupancy estimate 68%
• NOI estimate $80,800
• HOA - No HOA
• Location - A
• Notes: Newly remodeled, brand new pool, large property

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New Orleans, Louisiana

• $499,000 List Price
• 6 BR / 6 BA DUPLEX - 2,462 SF on 10,018 SF Lot
• AGR estimate $178,100
• ADR estimate $866
• Occupancy estimate 56%
• NOI estimate $129,597
• HOA - No HOA
• Location - B
• Notes: New construction up/down duplex with high end finishes

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• $429,000 List Price
• 6 BR / 6 BA DUPLEX - 2,710 SF
• AGR estimate $138,000
• ADR estimate $684
• Occupancy estimate 55%
• NOI estimate $99,529
• HOA - No HOA
• Location - A
• Notes: Convenient uptown location, new construction duplex

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• $499,000 List Price
• 6BR / 6BA DUPLEX - 2,917 SF
• AGR estimate $148,100
• ADR estimate $791
• Occupancy estimate 51%
• NOI estimate $107,000
• HOA - No HOA
• Location - B+
• Notes: New construction in a good location, highly motivated seller

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• $279,900 List Price
• 3BR / 2BA - 1,135 SF
• AGR estimate $62,200
• ADR estimate $310
• Occupancy estimate 55%
• NOI estimate $44,500
• HOA - No HOA
• Location - B
• Notes: Good location around shopping, restaurants, entertainment, etc, quiet street

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• $575,000 List Price
• 3BR / 3BA - 1,668 SF
• AGR estimate $85,200
• ADR estimate $360
• Occupancy estimate 65%
• NOI estimate $57,900
• HOA - No HOA
• Location - B+
• Notes: Nice backyard with spacious patio, great floorplan, close to restaurants, shops, etc

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• $459,000 List Price
• 4BR / 4BA - 3,154 SF
• AGR estimate $71,500
• ADR estimate $402
• Occupancy estimate 49%
• NOI estimate $49,402
• HOA - No HOA
• Location - B
• Notes: Beautiful backyard with pool and in-ground jacuzzi, beautiful lakeside property with views of the lake

View this property here

Questions?

If you have questions or would like us to connect you with a recommended real estate professional in one of the markets listed above, email contact@homestakes.com with all inquiries.