Monaco

Location:
Jaco
, Puntarenas
B
Overall Rating

Property Type: Condo

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Rental Grade

  • Rentability:

    B+

  • Avg. Daily Rate:

    B

  • Occupancy:

    B

Location Grade

  • Beach:

    A+

  • View:

    C

  • Location:

    A

Property Details

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

Investment Info

Price:

$309,000 USD

Renovation Costs:

$12,500 USD

ROI:

5.5 %

Monaco Overview

Property Description:

This condo in the Monaco Condominium Jaco has three bedrooms and two baths. This property is sold fully furnished and is very close to the beach. The property is located in the centre of Jaco and is within walking distance to the beach, as well as the restaurants, shops, and bars. The Condominium is centrally located and also guarded 24/7.

Jaco is one of the largest vacation rental markets in all of Costa Rica, making this a very competitive market. Using other vacation rentals in the area the Monaco condominium, the condo could charge a daily rate of roughly $200, and expect an occupancy of 50%. This is mainly due to its location, and increased quality in comparison to the other vacation rentals nearby. This would return roughly $45,000 in the first year, which is a 5%-6% return on investment.

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