Flamingo Towers Penthouse
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Rental Grade
Rentability:
A
Avg. Daily Rate:
A
Occupancy:
B
Location Grade
Beach:
A+
View:
A+
Location:
B
Property Details
Investment Info
Price:
ROI:
Flamingo Towers Penthouse Overview
From the Vacation rental data and from properties nearby of comparable status, this property could charge an average daily rate of $450 and could achieve an occupancy of 35%. Based on this, at 35% with an ADR of $448, the returns are $60,000, or a 0.9% return. Those figures are based off the real rental performance of the property based on airbnb data. Realistically this property could perform much better than it currently does with better management.
This penthouse in Flamingo would be a decent investment if there was better management and marketing of the property, as well as lowering the price slightly.. The ADR and Occupancy are relatively pessimistic as they look at average market rents, and there aren’t many penthouses in the area. Finding a better property manager is very important, and why you should do your research before choosing a property manager. If they have strong marketing and sales ability your property will out perform the other properties in the area. Access to the pool and proximity to the beach and new marina is an attractive addition to the vacation rental.
Flamingo is a popular tourist destination, and now the addition of the new mariana there are more people there for fishing, as well as people looking to use the high end new amenities that come with it. Flamingo is also close to the airport in Liberia.