Marina real 212
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Rental Grade
Rentability:
B+
Avg. Daily Rate:
B
Occupancy:
B
Location Grade
Beach:
A+
View:
A
Location:
A+
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Marina real 212 Overview
Property Description:
Marina Real 212 is a condo in Playa Flamingo, it has 2 bedrooms, 2 bathrooms, and easy access to the beach, shops and restaurants. It is very near to the new Marina Flamingo. The property is nicely furnished, if anything slightly dated, and like the other property listed in the same condominium, could use some investment to bring these up to the best performing condos in Playa Flamingo. For this property it is estimated to be around $20,000.
There are multiple other vacation rentals in the same condominium which perform well, and if brought up to standard this property would be able to compete. This property, assuming investment, will be looking to charge around $200 a night, and expect an occupancy rate of 55%, this is due to its location and great views. This would return roughly $45,000 in the first year, which is a 4.5%-5.5% return on investment.