Under $300K Investment Properties for Sale in Palm Springs, CA

Discover investment opportunities in Palm Springs, CA under $300k, where affordable condos and homes offer strong potential for cash-flowing rentals. The area's tourism-driven economy supports steady rental demand, with cap rates around 6-8% and average rents of $1,500 monthly. Annual appreciation averages 4%, bolstered by population growth and limited inventory. Renter-occupied housing exceeds 60%, making it ideal for passive income investors. Low entry prices enable higher yields compared to coastal California markets.