Casa Alegria

Location:
Manuel Antonio
, Puntarenas
A
Overall Rating

Property Type: Villa

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Rental Grade

  • Rentability:

    A+

  • Avg. Daily Rate:

    B+

  • Occupancy:

    A

Location Grade

  • Beach:

    A+

  • View:

    A+

  • Location:

    B+

Property Details

Bedrooms:
5
Bathrooms:
4.5
Land Size:
1052 sqm
Constr. Size:
400 sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$1,750,000 USD

Renovation Costs:

$50,000 USD

ROI:

29.9 %

Casa Alegria Overview

This is an interesting property when looking to invest in a property in Costa Rica. This property is rented for over 300+ days a year, is in a great location with a great view, and performs very well in terms of occupancy, (80%+). It’s downside is that the ADR is only $518 a night, which is well below the average daily rate for a nights stay in this area in this sort of a villa.

The occupancy is higher than the average of the other rental properties around, and that is probably due to the lower ADR and seemingly better value for money, which it is. If there was $50,000 invested into this property to upgrade furnishings and better the aesthetics, more could be invested in other works too to bring it up to the standard of the others.

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