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BNBCalc Short Term Rental Investment Analysis 500 S Farrell Dr unit p101, Palm Springs, CA

1 bed • 1 bath • 3 guests • $311,100

BNB

Calc

Annual Revenue

$50,404

Profit (Cash Flow)

$9,185

Cap Rate

9.7%

Annual Revenue

$50,404

AirDNA projects $125/night at 56% occupancy ($25,567). Airbtics projects $200/night at 69% occupancy ($50,403). Airbtics predicts this property will perform in the 48% revenue percentile

BNB Calc projects a 69% occupancy rate, $200 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles25%50%75%90%
Revenue$38,032$48,867$64,899$83,375
Occupancy59%70%77%86%
Nightly Rate$172$185$223$255

Seasonality (Profit by Month)

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Airbnb Comparables

Airbnb name
Revenue
Rate/night
Occupancy
Beds
Baths
Night
Cleaning
Pool
Tub
Pets
W/D
Reviews
PS Relaxation Realness Little Beverly Hills Casita

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112$100✅✅❌Y / Y⭐️ 5 (243)
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111$0❌❌✅N / Y⭐️ 5 (1490)
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$151
63%
111$79✅✅✅N / Y⭐️ 0 (1)
Private Bungalow PalmSprings Top Located Pool Park

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$39,323
$180
55%
111$79✅✅✅N / Y⭐️ 3 (6)
Serene 1 bed Casita w/Pool, Spa & Mountain Views

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$64,490
$229
75%
114$125✅✅❌Y / Y⭐️ 5 (56)
Splash x Camp

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$55,710
$195
73%
112$150✅✅❌Y / Y⭐️ 5 (48)
Private Bungalow PalmSprings Top Located Pool Park

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$30,939
$172
46%
111$79✅✅✅N / Y⭐️ 4.5 (6)
Newly Remodeled Luxury Design with Kitchen!

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$30,921
$188
43%
111$70✅✅❌Y / Y⭐️ 5 (105)
The Biarritz - Walk to downtown Palm Springs!

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$60,874
$204
80%
113$95✅✅❌Y / Y⭐️ 5 (74)
Gorgeous Pool View King Studio with 2 Patios

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$33,126
$184
47%
111$70✅✅❌Y / Y⭐️ 4.5 (55)
Biarritz Sojourn

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$197
70%
114$99✅✅❌Y / Y⭐️ 5 (51)
🌴Eclectic,cozy condo 1 block to downtown. AC,Pool🌴

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$54,854
$174
85%
113$80✅✅❌Y / Y⭐️ 5 (142)
Bungalow W/ Pool & Jacuzzi - Mesquite CC

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$55,561
$184
82%
116$100✅✅❌Y / Y⭐️ 5 (91)
The Marley Hotel Room 4 by AvantStay | Suite

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$54,139
$172
86%
111$0✅✅❌N / Y⭐️ 5 (31)
The Marley Hotel Room 6 by AvantStay | Chic Suite

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$45,589
$173
72%
111$0✅❌❌N / Y⭐️ 4.5 (14)
Come Live the Magic - Experience The Dream Home!

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$77,031
$208
100%
111$99✅✅✅Y / Y⭐️ 5 (667)
Beyond a Dream Home

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$105,267
$285
100%
111$119✅✅✅Y / Y⭐️ 5 (20)
Hotel El Cid Room 4 by AvantStay | Hotel Room

No image available

$39,890
$173
63%
111$0✅❌❌N / Y⭐️ 4.5 (7)
Hotel El Cid Room 5 by AvantStay | Chic Hotel Room

No image available

$58,798
$189
85%
111$0✅❌❌N / Y⭐️ 5 (41)
Private Bungalow PalmSprings Top Located Pool Park

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$36,077
$172
54%
111$79✅✅✅N / Y⭐️ 4 (4)
Private Studio PalmSprings Top Located Pool Park

No image available

$30,361
$155
49%
111$79✅✅✅N / Y⭐️ 4 (7)
the BRITE spot * Palm Springs, at Ocotillo Lodge

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$58,497
$222
71%
114$100✅✅✅Y / Y⭐️ 5 (112)
The Wesley Suite 7 by AvantStay | Space w/ Patio

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$53,034
$230
63%
111$0✅❌❌Y / Y⭐️ 5 (130)
Beautiful with 2 Queens & Spectacular Pool View

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$34,335
$177
53%
111$0✅✅❌N / Y⭐️ 4 (7)
Mountain view Cocoon: Hot Tub·Pool·Tennis·Downtown

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$81,361
$252
86%
112$145✅❌❌Y / Y⭐️ 5 (203)
Hawaiiana Palms - luxe, peaceful retreat-KING bed

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$43,684
$170
67%
112$110✅✅❌Y / Y⭐️ 5 (99)
Luxury Downtown Property with Private Pool & Spa

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$97,721
$354
75%
11.54$135✅✅✅Y / Y⭐️ 5 (105)
Pink Paradise in Ocotillo Lodge Palm Springs

No image available

$56,493
$331
45%
113$150✅✅✅Y / Y⭐️ 5 (34)
Remodeled VIP Room with Gorgeous Marble Tile

No image available

$28,932
$155
51%
111$0✅✅❌N / Y⭐️ 4.5 (23)
Hotel El Cid Room 1 by AvantStay | Hotel Room

No image available

$44,008
$167
72%
111$0✅❌❌N / Y⭐️ 5 (9)
Hotel El Cid Room 2 by AvantStay | Hotel Room

No image available

$43,298
$169
70%
111$0✅❌❌N / Y⭐️ 5 (20)
Private Bungalow PalmSprings Top Located Pool Park

No image available

$39,939
$143
70%
111$79✅✅✅Y / Y⭐️ 3.5 (9)
Mid-Century 1BR Bungalow At Famed Ocotillo Lodge

No image available

$54,435
$207
70%
114$125❌❌✅Y / Y⭐️ 5 (25)
Jewel Box Mid-Century Bungalow at Ocotillo Lodge

No image available

$58,850
$207
76%
117$125✅✅❌Y / Y⭐️ 5 (87)
The Desert Dachshund Bungalow at Ocotillo Lodge PS

No image available

$82,549
$331
66%
114$170✅✅✅Y / Y⭐️ 5 (32)
Mondo Condo!

No image available

$56,942
$228
67%
112$145✅✅✅Y / Y⭐️ 5 (36)
Lola’s Cabana @ OcotilloLodge

No image available

$51,197
$226
61%
114$180✅✅❌Y / Y⭐️ 5 (46)
Sexy & MCM Stylin' Ocotillo Lodge Bungalow

No image available

$72,123
$240
80%
113$200✅✅❌Y / Y⭐️ 5 (110)
Private Bungalow PalmSprings Top Located Pool Park

No image available

$56,023
$186
77%
111$79✅✅✅N / Y⭐️ 4 (11)
The Marley Hotel Room 5 by AvantStay | Suite

No image available

$43,551
$163
73%
111$0✅❌❌N / Y⭐️ 3.5 (5)

Return Metrics

12.11% cash on cash return is a good return over the next 1 year

Investment Value Over Time

Y1Y2Y3Y4Y5Y10Y30
Profit (Cummulative)$9,185$18,370$27,556$36,741$45,926$91,853$275,561
Revenue Appreciation$0$0$0$0$0$0$0
Home Equity$248,880$248,880$248,880$248,880$248,880$248,880$248,880
Down Payment$62,220$62,220$62,220$62,220$62,220$62,220$62,220
Property Appreciation$9,333$18,945$28,847$39,045$49,550$106,992$444,021
Total Return$329,618$348,416$367,503$386,887$406,577$509,946$1,030,682

Property Appreciation:

3%

Revenue Appreciation:

0%

Cash on Cash Return

12.11%

Cap Rate

9.69%

Return on Investment

28.46%

property-location

500 S Farrell Dr Palm Springs, California, 92264

1 bed • 1 bath • 3 guests

Est. $1,492/mo

Agent

Inquire about this property

Contact Agent

$311,100

Zestimate

Palm Springs

Zoning


Laws

77

Airbnb Investor Score

$9,185

Annual Profit

9.7%

Cap Rate

12.1%

Cash on Cash

$50,404

Annual Revenue

This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $125/night at 56% occupancy.Projected nightly rate is $200/night at 69% occupancy.

Top 56% of comparables

Top 38% of comparables


Seasonality

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40

Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$52,311

Avg annual revenue

69%

Avg occupancy rate

$200

Avg nightly rate


🏊‍♂️ Pool
🛁 Hot tub
🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$30k

$55k

$80k

$105k

Sign up to see the data on 40 all comparables

$9,185

Profit

Revenue

$50,404

Operating Expenses

$20,232

Operating Income

$30,171

Mortgage & Taxes

$20,986

Profit (Cash Flow)

$9,185

$75,803

Cash Investment

Down Payment

$62,220

Renos & Furnishing

$4,250

Closing Costs

$9,333

Total

$75,803

DSCR Ratio

Strong

1.44

Get a pre-qualification letter

Investment Value Over Time

Property Appreciation

3%

Revenue Appreciation

0%

Cash on Cash Return

12.11%

Cap Rate

9.69%

Profit (Cummulative)

$9,185

$248,880

$4,250

$9,333

$0

Total Gain

$21,575

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

%

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$14,765

Deductible property tax

$3,080

Your total deduction

$22,221

Your adjusted annual income

$150,000 - $22,221 = $127,779


Taxes on $127,779 (30%)

$38,334

Your old tax bill

$45,000

Your new tax bill

$38,334


Estimated tax savings

$6,666

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

1,307 sqft

Year built:

1985

Size:

797 sqft

Type:

CONDO

Parking:

-

Heating:

Central, Forced Air, Heat Pump, Electric

Sold Comparables


Property Details

  • MLS Status: N/A
  • Property Use: CONDO
  • Stories: 1
  • Lot size: 1,307 sqft
  • Building area: 797 sqft
  • Garage: No
  • Heating: Central, forced air, heat pump, electric
  • Pool: Yes
  • Fireplaces: -
  • Basement: No
  • Cooling: Central Air, Electric, Heat Pump
  • View: Mountain(s), Panoramic, Pool
  • Parking: Detached Carport, Permit Required, Unassigned
  • Amenities: Dishwasher, Disposal, Electric Cooktop, Electric Cooking, Electric Oven, Electric Range, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator, Electric Water Heater, Water Heater, Range Hood
  • Price per square foot: $390

Lot Info

  • Zoning: -
  • Land Use: -
  • Parcel Number: 502582002
  • Flood Zone: No

Tax Info

  • Year Assessed: 2024
  • Assessed Value: $178,478
  • County Est. Land Value: -
  • Assessed Land Value: -
  • County Est. Structure Value: -
  • Market Estimate: $311,100


Schools

  • Middle School: Raymond Cree Middle School with 4/10 star rating
  • High School: Palm Springs High School with 6/10 star rating