4 Bedroom home near Playa Grande

Location:
Playa Grande
, Alajuela
B+
Overall Rating

Property Type: Development Opportunity

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Rental Grade

  • Rentability:

    A

  • Avg. Daily Rate:

    B+

  • Occupancy:

    A+

Location Grade

  • Beach:

    A+

  • View:

    B

  • Location:

    B+

Property Details

Bedrooms:
4
Bathrooms:
4.5
Land Size:
930 sqm
Constr. Size:
sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$1,200,000 USD

ROI:

9.6 %

4 Bedroom home near Playa Grande Overview

This is a listed development opportunity so not yet built nor has construction started. Playa Grande is a high end area with currently quite a few 4 bedroom homes listed, with more competition in the vacation rental market lowering many of the key rental figures. This analysis has used comparable properties also around 5 minutes away from Playa Grande beach front and has assumed a $500 a night average over the entire year, with an occupancy of 70%. These assumptions follow the trends of 4 bedroom villas .

There is no information of the size of the development, but costs for furniture are not included in this analysis which could add on a decently large amount to the total cost, thus reducing the return on investment for the first year.

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