Oceanica 828
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Rental Grade
Rentability:
A+
Avg. Daily Rate:
A
Occupancy:
A
Location Grade
Beach:
A+
View:
A+
Location:
A+
Property Details
Investment Info
Price:
ROI:
Oceanica 828 Overview
Property Description:
Condo Oceana 828 is located on the 4th floor of the Oceana High Rise Condominium. The condo, a 2 bedroom and 2 bathroom, has been recently renovated and has very new furniture, decor and appliances, so no need for any additional investment. The condo is ocean view, as well very close to Playa Flamingo, the shops and restaurants in the area too.
There are other condos in the same condominium that are currently being rented as vacation rentals on Airbnb, and using their performance data from over the past 12 months, a reasonable average daily rate for the year is $230 with an occupancy of 62%. This is mainly due to its excellent location, high quality furnishings and ocean view. This would return roughly $60,000 in the first year, which is a 4%-5% return on investment.