La Esquina 6
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Rental Grade
Rentability:
A
Avg. Daily Rate:
A
Occupancy:
A
Location Grade
Beach:
A+
View:
B
Location:
B+
Property Details
Investment Info
Price:
ROI:
La Esquina 6 Overview
Property Description:
La Esquina #6 is a 3-bedroom condominium on the first floor in Playa Langosta. The property is well-decorated and fully equipped with a well-appointed kitchen, and three bedrooms, including a master suite with an ensuite bathroom. There is a large terrace overlooking the pool. The property has private parking, and gated security, and is very close to Playa Langosta and other local amenities. The reason this property outperforms the other La Esquina condo also on the market currently is because of its extra bedroom. 3 Bedroom vacation rentals are able to charge far more than the 1 and 2-bed properties in Playa Langosta hence the increase in returns from this property.
There are other Airbnb’s in the condominium that perform relatively well, and in the Langosta area vacation rentals have strong demand. We assume one can achieve a daily rate of at least $300, and occupancy of 57%, the estimated return is just above $70,000, or between a 6% and 7% return on investment.