Development Lot Near La Fortuna Waterfall and Volcano
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Rental Grade
Rentability:
A
Avg. Daily Rate:
B+
Occupancy:
B+
Location Grade
Beach:
C
View:
A+
Location:
A
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Development Lot Near La Fortuna Waterfall and Volcano Overview
This is a development opportunity! This land has all permits and documents needed to build either a personal home or investment property. Data in La Fortuna is showing that is one of the countries hotspots for AIRBnB growth and travel, meaning it is a great place for investment currently. This land is walkable from the waterfall as well as having direct views of the Arenal Volcano, again boosting its attraction as an investment.
From the data, it is clear in La Fortuna there is a lack of true Luxury AIRBnBs, as well as a lack of 4 bedroom properties. In our analysis we assumed to fill this gap in the market. Assuming you could construct for $2,000 a square meter for a 220 square meter home, as well as additional costs for the outside, pool, landscaping etc, which comes out to $779,703 in total investment, and a 16.4% return in 1 year after development completion.