Three Separate Townhomes

C+
Overall Rating

Property Type: Multi-Unit Property

Rental Grade

  • Rentability:

    C+

  • Avg. Daily Rate:

    C

  • Occupancy:

    C+

Location Grade

  • Beach:

    A+

  • View:

    C

  • Location:

    C

Property Details

Bedrooms:
6
Bathrooms:
6
Land Size:
323 sqm
Constr. Size:
270 sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$475,000 USD

Renovation Costs:

$50,000 USD

ROI:

2.5 %

Three Separate Townhomes Overview

These three townhouses are priced at $475k in total. Located between Tamarindo and Villa Real, they are roughly a 10-minute drive to Tamarindo Beach and local amenities. Each unit has two floors, large windows, and a terrace. They come partially furnished with appliances and have parking for three cars. The first floor includes a kitchen, living room, courtyard, and half bathroom, while the second floor has two bedrooms and a full bathroom.

Although not in Tamarindo or Villa Real, there are still some comparable properties on Airbnb currently. Using these comparable vacation rentals, we’ve assumed that these townhouses can average a daily rate of $200 together, so $67 a night each; and achieve an occupancy of 40%. That is an annual return of roughly 2.5%, roughly $30,000. This assumes $50,000 in investment to fully furnish the 3 apartments, and add amenities that would make this a more attractive vacation rental, such as a pool.

Location Map

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