tomo logo

$814,000

Beds
4
Baths
2.5
sq ft
2,338

84066 Olona Ct, Indio, CA 92203

84066 Olona Ct

Indio, CA 92203

  • 49 days on market
    • Price drop $5,000↓
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 $125,000 annually, a self-managed cap rate of 11.5%, and a professionally managed cap rate of 9.8%. 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 chance—schedule a showing today and make this income-generating property yours!

Details

Property type

Single Family Residence

Est. home value

$791,201

Lot size

5,227 sq ft

Price per sq ft

$349

Year built

2007

Monthly HOA fee

$300

Price History

11/10/2024
CRMLS

CRMLS #OC24204191

Price change
$814,000
-0.61%
10/04/2024
CRMLS

CRMLS #OC24204191

Listed
$819,000
+3.67%
07/29/2024
DesertArea

DesertArea #219113316

Removed
$789,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Lake, Street Lights, Sidewalks

High school district: 

Desert Sands Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$59,684
Asking price
$814,000
Closing costs (~8% of asking)
-$65,120
Est. remaining loan balance
-$689,196
Cash to seller
$59,684

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Resicentral Llc

Loan start date

January 2023

Original loan amount

$703,800

Est. remaining balance

$689,196

Interest rate

6.58%

Loan type

New Conventional, 30 year

Seller

David Dilbiyan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 10:40 AM

Listing updated: 11/10/2024 at 5:40 PM

Listed by: Keith Powers, Alta Realty Group CA, Inc Phone #: (888) 504-5327

MLS: CRMLS #OC24204191

CRMLS logo

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