3 Bedroom House Ojochal

Property Description: 3-bedroom Home in Ojochal.

This 3-bedroom home is in Ojochal, a popular town on the South Pacific coast. The property is bordered by a river and surrounded by tropical jungle. The property is a few minutes drive from beaches (Playa Ventanas, Tortuga, Marino Ballena, Hermosa) and restaurants. There is a fully equipped kitchen, laundry room, and storage space, including a large covered deck. Although furnished, to make this a viable vacation rental, it requires roughly between $25,000 and $30,000 to modernise the decor, furniture, and kitchen. There is a medium-sized garden with lots of plants, including Ylang-Ylang trees. There is enough space for building additional structures such as a swimming pool or small guest house.

The first year returns are predicted to be between 3.50%-4.50% with an investment. This would return roughly $30,000 assuming one can achieve at least 50% occupancy all year round and $150 a night.