House+Guesthouse Ojochal

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Rental Grade
Rentability:
B+
Avg. Daily Rate:
B+
Occupancy:
B
Location Grade
Beach:
A+
View:
C
Location:
A
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
House+Guesthouse Ojochal Overview
Property Description:
This property is a 2-bedroom villa in Ojochal with a guest-house on the property grounds making a 3 bedroom property. The property has a pool and rancho area, along with a relatively big garden with lots of plants and trees. The property is in a good location very close to the shops and restaurants in Ojochal. The property is fully equipped with good quality kitchen equipment (fridge and cooker and modern), but the rest of the decor could use some modernising which would increase the price ceiling for an airbnb like this in the area.
The property is in a great location, with many other vacation rentals near by, the going daily rate for a property of this caliber is roughly $175 a night, and would expect an occupancy of roughly 50%. Assuming this the return on this vacation rental investment would be just under $35,000 in the first year of ownership, or between a 4.5% and 5.5% return on investment.