Condo Investment Properties for Sale in Palm Springs, CA
Listed for sale 3 days ago
$ 330,000
ROI
27.6
Cash Flow/m
721- 3 Bed
- 2 Bath
- 837 sft
1333 N Sunflower Cir, Palm Springs, CA, 92262
$ 449,000
ROI
23.8Cash Flow/m
505- 3 Bed
- 3 Bath
- 1690 sft
2540A N Whitewater Club Dr, PALM SPRINGS, CA, 92262
Listed for sale 4 days ago
$ 425,000
ROI
21.1Cash Flow/m
163- 3 Bed
- 2 Bath
- 1342 sft
525 W Sunshine Cir, Palm Springs, CA, 92264
Listed for sale 5 days ago
$ 389,000
ROI
21.0Cash Flow/m
138- 2 Bed
- 2 Bath
- 1175 sft
2701 E Mesquite Ave Unit Z134, Palm Springs, CA, 92264
Why Invest in Palm Springs, California?
Palm Springs condo investments offer steady returns amid a balanced market with rising inventory. Tourism supports strong short-term rental demand despite new 2026 regulations limiting rentals to 26 days annually. Expect 3-4% appreciation with cap rates around 5-6% and average rents holding firm. Renter occupancy remains high at 40%, bolstered by lifestyle migration from coastal California. Limited supply and mid-century appeal make condos a smart long-term play.
6.2%
Avg. ROI
5.1%
Rental Yield
5.4%
Cap Rate
$1850/mo
Avg. Cash Flow
$2450/mo
Avg. Rent
3.6%
1Y Appreciation
Frequently Asked Questions
Yes, with projected 3.6% appreciation and 5%+ cap rates, condos offer solid returns. Tourism sustains rental demand despite STR limits. Balanced inventory favors value buys around $400k median.
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