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 ($850,530.515) is $149,469.485 (14%) lower than the list price ($1,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: The property is short-term rental approved with a strong proven income history, grossing over $130,000 in 2023 (11 months) and over $115,000 in 2024, making it a prime investment opportunity.
Top Cons:
Ongoing Association Fees: The property incurs a monthly association fee of $269.0, which adds to the recurring cost of ownership and can impact net rental income.

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, falling within the 'Good' category's age range. The images show a well-maintained, move-in ready home with no immediate renovations required. The kitchen features clean white cabinets, stone countertops, and functional stainless/black appliances. Bathrooms are clean with dual vanities and modern-style faucets. The consistent wood-look LVP flooring throughout is a significant update, and light fixtures are modern. The backyard is a major asset, featuring a pool, spa, and putting green, all appearing in excellent condition. While not extensively renovated to a 'virtually new' standard, the property is clearly well-kept, functional, and highly desirable, especially as a turnkey rental.
Year Built
2006
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$404
HOA
$269
Days on market
-
Sold On
-
MLS number
219133573DA
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-51.2mi
4/10
Desert Ridge Academy
Public,6-85.2mi
5/10
Shadow Hills High School
Public,9-125.0mi
Condition Rating
Good

Built in 2006, this property is 18 years old, falling within the 'Good' category's age range. The images show a well-maintained, move-in ready home with no immediate renovations required. The kitchen features clean white cabinets, stone countertops, and functional stainless/black appliances. Bathrooms are clean with dual vanities and modern-style faucets. The consistent wood-look LVP flooring throughout is a significant update, and light fixtures are modern. The backyard is a major asset, featuring a pool, spa, and putting green, all appearing in excellent condition. While not extensively renovated to a 'virtually new' standard, the property is clearly well-kept, functional, and highly desirable, especially as a turnkey rental.
Pros & Cons

Pros

Exceptional Income Potential: The property is short-term rental approved with a strong proven income history, grossing over $130,000 in 2023 (11 months) and over $115,000 in 2024, making it a prime investment opportunity.
Fully Furnished & Turnkey: Offered fully furnished with a turnkey setup, significantly reducing initial investment and preparation time for new owners, especially for rental purposes.
Community Amenities & Prime Location: Located in the sought-after Terra Lago community with resort-style amenities (lake, clubhouse, trails) and close proximity to shopping, dining, entertainment, medical facilities, and freeway access.
Flexible Layout & Space: Features a den/office easily convertible to a 5th bedroom, increasing rental capacity, and an oversized tandem garage accommodating up to 4 cars or a boat with workshop space.
Desirable Outdoor Space: The private, pool-sized backyard offers ideal space for outdoor relaxation and entertaining, a valuable asset in the desert climate.

Cons

Ongoing Association Fees: The property incurs a monthly association fee of $269.0, which adds to the recurring cost of ownership and can impact net rental income.
No Existing Private Pool: While the backyard is 'pool-sized,' the property does not currently have a private pool, a highly desired amenity for short-term rentals in the Indio desert climate, requiring significant investment to add.
Potential for Dated Finishes/Systems: Built in 2006, and while the kitchen is updated, other areas like bathrooms or major systems (HVAC, water heater) may not have been recently renovated, potentially leading to future upgrade or maintenance costs.

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