Ocean View tiny home Ojochal

Location:
Ojochal
, Puntarenas
C
Overall Rating

Property Type: Villa

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Rental Grade

  • Rentability:

    C+

  • Avg. Daily Rate:

    C+

  • Occupancy:

    C+

Location Grade

  • Beach:

    A+

  • View:

    A

  • Location:

    B

Property Details

Bedrooms:
1
Bathrooms:
1
Land Size:
1125 sqm
Constr. Size:
38 sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$140,000 USD

Renovation Costs:

$7,500 USD

ROI:

-1.4 %

Ocean View tiny home Ojochal Overview

From the Vacation rental data and derived from properties nearby of comparable status, this property could charge an average daily rate of $58 and could achieve an occupancy of 30%. Based on this, the returns would be roughly $6,000, or a -1.4% return. This would not be a good investment unless this is a lifestyle investment. Ojochal is great part of the country to live in long term and has a strong community. For short term rentals on the other hand, not so good. The reasons for this is because of the number of vacation rentals in the area, as well as the community competing with Uvita which is even closer to the beach than Ojochal, as well as closer to the nearest airport.

Those figures are based off the real rental performance of the actual property, and the main inhibiter of this property is its location. There are good rentals in Ojochal, but they all have unique selling points. Many have amazing ocean views, or very unique builds with amenities that other rentals cannot compete with. Ojohcal as a location is not a tourist hot-spot hence the poor rental returns for short term rentals.

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