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84400 Onda Drive, Indio, California 92203, Indio, 92203 - 4 bed, 3 bath

84400 Onda Drive, Indio, California 92203 home-pic-0
ACTIVE$1,000,000
84400 Onda Drive, Indio, California 92203
4Beds
3Baths
2,478Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($695,316.67) is $304,683.33 (30%) lower than the list price ($1,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Rental Income: The property boasts a strong short-term rental history, grossing over $130,000 in 2023 (11 months) and over $115,000 in 2024, indicating high demand and profitability.
Top Cons:
Significant Overpricing: The listing price of $1,000,000 is 30% higher than the estimated property value of approximately $695,317, suggesting it may be significantly overpriced compared to market estimations.

Compared to the nearby listings

Price:$1.00M vs avg $570.5K (+$429,500)94%
Size:2,478 sqft vs avg 2,160.5 sqft71%
Price/sqft:$404 vs avg $27495%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this property is 18 years old and appears well-maintained. The interior features updated wood-look laminate flooring throughout, and the overall aesthetic is clean and move-in ready. While the kitchen cabinets are a classic white shaker style, the built-in black appliances and countertops appear to be original or older, not reflecting a recent full renovation. Similarly, the bathrooms are functional and clean, but the finishes (countertops, faucets, tile) are consistent with the build year rather than recent updates. However, the first image clearly shows a modern, well-maintained pool and spa, which is a significant asset and contradicts the description of a 'pool-sized backyard.' This, along with the updated flooring and turnkey status, indicates that the property is in good condition, requiring no immediate major renovations, even if some areas like the kitchen and bathrooms could benefit from cosmetic updates in the future.
Year Built
2006
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$404
HOA
$269
Days on market
-
Sold On
-
MLS number
219123184DA
Home ConditionGood
Features
Good View: Pool
Pool
Spa
Patio
ViewPool

About this home

Unlock the potential of this short-term rental-approved home in the sought-after Terra Lago community! Offered fully furnished, this spacious 4-bedroom, 2.5-bath, two-story home is a prime investment opportunity with exceptional income potential--grossing over $130,000 in 2023 (11 months) and over $115,000 in 2024 gross income!Designed for both comfort and profitability, this home features an expansive Great Room with a cozy fireplace and seamless flow into the open-concept kitchen, complete with a breakfast bar, ample storage, and a spacious dining area--perfect for hosting guests. A Den/Office with double doors, conveniently located near a half bath, can easily be converted into a 5th bedroom, increasing rental potential. Upstairs, the King-sized Primary Suite is a private retreat with a large walk-in closet, dual sinks, and a separate tub and shower. Three additional bedrooms--two with walk-in closets--offer stunning mountain views, while a built-in desk niche and an upstairs laundry room with natural light add extra convenience.The private, pool-sized backyard is ideal for outdoor relaxation and entertaining, while the oversized tandem garage accommodates up to 4 cars (or 3 cars and a boat) and includes extra workshop space--an attractive feature for renters or personal use. Located just steps from Terra Lago's resort-style amenities, including a lake, clubhouse, and scenic walking trails, this property offers the perfect balance of luxury and investment potential. Its prime location near shopping, dining, entertainment, medical facilities, and freeway access makes it even more desirable.With its fully furnished, turnkey setup and strong rental history, this home is a rare find in one of the desert's hottest short-term rental markets. Don't miss this incredible opportunity to own a high-income-producing property!

Nearby schools

/10
Dwight Eisenhower Elementary School
Public,•K-5•1.2mi
4/10
Desert Ridge Academy
Public,•6-8•5.2mi
5/10
Shadow Hills High School
Public,•9-12•5.0mi
Condition Rating
Good
Built in 2006, this property is 18 years old and appears well-maintained. The interior features updated wood-look laminate flooring throughout, and the overall aesthetic is clean and move-in ready. While the kitchen cabinets are a classic white shaker style, the built-in black appliances and countertops appear to be original or older, not reflecting a recent full renovation. Similarly, the bathrooms are functional and clean, but the finishes (countertops, faucets, tile) are consistent with the build year rather than recent updates. However, the first image clearly shows a modern, well-maintained pool and spa, which is a significant asset and contradicts the description of a 'pool-sized backyard.' This, along with the updated flooring and turnkey status, indicates that the property is in good condition, requiring no immediate major renovations, even if some areas like the kitchen and bathrooms could benefit from cosmetic updates in the future.
Pros & Cons

Pros

Exceptional Rental Income: The property boasts a strong short-term rental history, grossing over $130,000 in 2023 (11 months) and over $115,000 in 2024, indicating high demand and profitability.
Turnkey & Fully Furnished: Offered fully furnished and described as a 'turnkey setup,' making it immediately ready for rental operations or personal use without additional investment in furnishings.
Resort-Style Community Amenities: Located in the desirable Terra Lago community, residents and guests have access to resort-style amenities including a lake, clubhouse, and scenic walking trails, enhancing its appeal.
Flexible Layout & Potential for 5th Bedroom: The property includes a den/office that can easily be converted into a 5th bedroom, increasing its capacity and potential rental income.
Prime Location: Its location near shopping, dining, entertainment, medical facilities, and freeway access makes it highly convenient and desirable for both residents and short-term renters.

Cons

Significant Overpricing: The listing price of $1,000,000 is 30% higher than the estimated property value of approximately $695,317, suggesting it may be significantly overpriced compared to market estimations.
No Private Pool: While the backyard is described as 'pool-sized,' the property does not explicitly state it has a private pool, which is a highly sought-after amenity for short-term rentals in a desert climate like Indio.
Association Fees: An association fee of $269.0 per month adds to the ongoing ownership costs, which can impact the net profitability for an investor.

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