Ojochal Ocean View

Property Description:

Casa Aracari is a 2-bedroom Ojochal home with excellent views of the Pacific Ocean and surrounding rainforest. Perched on top of a hill within a gated community, the property is elevated (by slits) and is roughly 700 ft above sea level. There is a large tiled patio which overlooks the also large garden. The living room and kitchen area have a built-in breakfast bar and all the essential appliances. There is space on the ground floor for expansion, as well as enough space in the garden for the addition of a pool, which would greatly increase the earning capacity of this vacation rental. This property is a short drive from Ojochal’s centre, community amenities, and the beach.

For other 2-bedroom properties in Ojochal with similar attributes, the daily rate is expected to be roughly $200 with an occupancy of around 55%, (assuming investment to modernise and add to the home). This property is held back by the lack of a pool, which would make this property a much better vacation rental. This property would also require investment in order to compete with other (and even worse) vacation rentals in this area. With a great view and location, with enough investment this would be a very successful vacation rental. Assuming a $50,000 investment, This would return roughly $42,000 in the first year, which is a 5%-6% return on investment.