84066 Olona Court, Indio, CA 92203
  • MLS#: OC24204206 ( Single Family Residence )
  • Street Address: 84066 Olona Court
  • Viewed: 7
  • Price: $796,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2007
  • Bldg sqft: 0
  • Days On Market: 109
  • Additional Information
  • County: RIVERSIDE
  • City: Indio
  • Zipcode: 92203
  • Subdivision: Terra Lago (30924)
  • Provided by: Alta Realty Group CA, Inc
  • Contact: Keith Keith
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Discover this stunning 4 bedroom, 2.5 bathroom short term rental (STR) in the heart of Indio, California. Offering a prime location near popular attractions and ample potential for investors, this fully furnished and turnkey property is poised for high returns. With a spacious 2,338sq. ft. layout, the home boasts an open concept design, modern finishes, and a tranquil outdoor oasis perfect for relaxation. The beautiful interior features a bright, open living area with vibrant accents, wood style vinyl flooring, and designer lighting. A cozy fireplace creates a welcoming atmosphere in the living room, while the gourmet kitchen is equipped with stainless steel appliances, sleek cabinetry, and polished countertops. The generously sized bedrooms include a luxurious primary suite with a walk in closet and ensuite bath complete with a soaking tub. Glass sliders lead to the expansive backyard, where you'll find a covered patio, multiple seating areas, and a heated salt water pool and spa. Financially, this property offers strong returns with a projected gross revenue exceeding $122,000 annually, a self managed cap rate of 11.4%, and a professionally managed cap rate of 9.3%. With all furniture, appliances, and operational items included in the sale, this home is a true turnkey investment. Whether you're seeking a high performing investment property or a serene personal retreat, this Indio STR presents an unmatched opportunity. Don't miss your chanceschedule a showing today and make this income generating property yours!
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Features
Appliances
  1. Dishwasher
  2. Gas Range
  3. Microwave
  4. Refrigerator
Assessments
  1. CFD/Mello-Roos
Association Amenities
  1. Sauna
  2. Playground
  3. Gym/Ex Room
  4. Clubhouse
  5. Recreation Room
Association Fee
  1. 300.00
Association Fee Frequency
  1. Monthly
Building Area Total
  1. 2338.00
Cable Tv Expense
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Construction Materials
  1. Stucco
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 105
Electric Expense
  1. 3720.00
Exclusions
  1. None
Fencing
  1. Block
Fireplace Features
  1. Living Room
  2. Gas
Flooring
  1. Carpet
  2. Vinyl
Fuel Expense
  1. 240.00
Garage Spaces
  1. 2.00
Gardner Expense
  1. 1440.00
Heating
  1. Central
Inclusions
  1. All Furniture
  2. Furnishings
  3. Appliances
  4. TV's
  5. Electonics & everything else used to operate the STR
Insurance Expense
  1. 3521.00
Interior Features
  1. Ceiling Fan(s)
  2. Furnished
  3. Pantry
Laundry Features
  1. Dryer Included
  2. Individual Room
  3. Washer Included
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Yard
Netoperatingincome
  1. 74179.00
Newtaxesexpense
  1. 9747.00
Otherexpense
  1. 5352.00
Otherexpensedescription
  1. HOA Fees
Parcel Number
  1. 696020062
Parking Features
  1. Driveway
  2. Garage
  3. Garage Faces Front
Pest Control Expense
  1. 360.00
Pool Expense
  1. 1980.00
Pool Features
  1. Private
  2. In Ground
  3. Pebble
Postalcodeplus4
  1. 2967
Professionalmanagementexpense
  1. 18382.00
Property Type
  1. Single Family Residence
Property Condition
  1. Turnkey
Road Frontage Type
  1. Private Road
Road Surface Type
  1. Paved
Security Features
  1. 24 Hour Security
  2. Gated Community
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424282840:CRM
Spa Features
  1. Private
  2. Gunite
  3. Heated
  4. In Ground
Subdivision Name Other
  1. Terra Lago (30924)
Suppliesexpense
  1. 0.00
Totalactualrent
  1. 78950.00
Totalexpenses
  1. 48366.00
Trash Expense
  1. 0.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
  5. Water Connected
Vacancyallowance
  1. 47656
View
  1. Mountain(s)
Water Sewer Expense
  1. 480.00
Water Source
  1. Public
Year Built
  1. 2007
Year Built Source
  1. Assessor