Marina Real 221

Property Description:

Marina Real 221 is a condo in Playa Flamingo, it has 1 bedroom, 1 bathroom, and easy access to the beach, shops and restaurants. It is very near to the new Marina Flamingo. The property is being sold fully furnished, but is in need of investment to be able to compete with the comparable vacation rentals, this is assumed to be around $30,000 for new furniture and decor.

There are multiple other vacation rentals in the same condominium, so assuming the $30,000 is invested to modernise the condo, using other vacation rentals in the area the Marina Real Condo 221 could charge a daily rate of $125, and expect an occupancy of 55%. This is mainly due to its excellent location. This would return roughly $28,000 in the first year, which is a 2.5%-2.5% return on investment.