Villa Gitano – Playa Hermosa
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Rental Grade
Rentability:
A
Avg. Daily Rate:
A+
Occupancy:
B+
Location Grade
Beach:
A+
View:
A+
Location:
A
Property Details
Investment Info
Price:
ROI:
Villa Gitano – Playa Hermosa Overview
Property Description:
This beachfront property is in Playa Hermosa, just south of Jaco in Puntarenas. Beachfront properties are rare in Costa Rica because of the ownership types on beachfront work in Costa Rica, hence the premium on the price for properties of this caliber.
Using comparable properties, this property as it is would be ready to go as an investment and returning 5.1% per annum. For this property this would be a $393,318 return, and $265,262 in operating profit. This is based off the assumption that this property could achieve a Average Daily Rate of $1,500, and an occupancy of 60% as a year round average. These rates are taken from comparable properties that are in the same condominium, and are of similar quality. This is an A quality investment because of the operating profit, proximity to the beach and amenities, and the ability to generate a return without additional investment other than the purchase.