Jardines de Palma

Location:
Hacienda Pinilla
, Alajuela
B+
Overall Rating

Property Type: Villa

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Rental Grade

  • Rentability:

    B+

  • Avg. Daily Rate:

    B+

  • Occupancy:

    B+

Location Grade

  • Beach:

    A+

  • View:

    A

  • Location:

    A

Property Details

Bedrooms:
2
Bathrooms:
2
Land Size:
280 sqm
Constr. Size:
291 sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$748,000 USD

ROI:

7 %

Jardines de Palma Overview

From the Vacation rental data and derived from properties nearby of comparable status, this property could charge an average daily rate of $400 and could achieve an occupancy of 67%. Based on this, the returns would be roughly $100,000, or a 7.0% return. Those figures are based off the real rental performance of the actual property, and has been slightly adjusted to what would be appropriate in the area.

This colonial style villa in Hacienda Pinilla would be a very decent investment. The ADR and Occupancy are relatively pessimistic, but really the strength of the marketing and sales would swing the needle a lot on this property. That is why we always suggest that you 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. A large pool and social area will always be an attractive addition to the vacation rental.

Hacienda Pinilla is a good location for a property, mainly because of the proximity to golf, fishing and the airport in Liberia. It is also known as a high-end area for housing. The issue with the investment is the large entry cost. This also applies for land inside Hacienda Pinilla.

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