Based on comps and current market data, this 3-bed, 3-bath, 2004 sqft single family in Palm Springs has a realistic long-term monthly rent potential ranging from $3,850 (conservative) up to $7,500 (well-furnished short-term rental), with the most probable range for a high-quality furnished rental between $4,200 and $6,000 per month. Given these rents, the annual revenue could hit $46K–$72K, possibly more with optimized STR operations. Payback period, based solely on gross rental income, sits around 11–16 years for long-term and potentially as low as 9–10 years for STR at top occupancy. Market demand for 3BR homes is strong, with group travel and families driving bookings. Features like private pool, updated interiors, and mountain views are huge draws in this neighborhood segment. The biggest challenge will be competitive inventory and seasonal summer rate drops, but the property stands out for its size, upgrades, and short-term rental appeal.

To maximize rental income, lean into the short-term rental (STR) market—Palm Springs rewards well-furnished, amenity-rich homes. Consider adding pet-friendly policies, smart home tech, and professional photography. If selling, showcase the turnkey STR readiness and strong historical rent comps. For owners, continually update furnishings and outdoor spaces; STR guests in Palm Springs pay a premium for style, privacy, and resort-like amenities. Keep an eye on local STR regulations to protect cash flow.