Casa El Coco

Location:
Playa Grande
, Guanacaste
B+
Overall Rating

Property Type: Villa

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Rental Grade

  • Rentability:

    B+

  • Avg. Daily Rate:

    B+

  • Occupancy:

    B+

Location Grade

  • Beach:

    A+

  • View:

    C

  • Location:

    B

Property Details

Bedrooms:
3
Bathrooms:
2
Land Size:
954.48 sqm
Constr. Size:
250 sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$1,250,000 USD

ROI:

5.7 %

Casa El Coco Overview

Property Description:

This area of Playa Grande has many other 3 bedroom villas listed on AirBnB with Casa El Coco being one of them. The realtor listing states that it can achieve a daily rate of $500, but from the data the average over the last 12 months was $397. It is very close to the beach and furnished nicely, but could use some slight investment regarding decor and furniture.

Using the comparable vacation rentals in this area of Playa Grande Estates and the data from this property, if the condo charges a $397 daily rate, it can achieve a 68% occupancy, a higher than average figure compared to the properties surrounding. That is an annual return of roughly 5.7%, roughly $110,000. If the property did charge $500 a night, the return would be 7.4% ($135,000) but would be safe to assume the occupancy level would drop as this would be one of the most expensive properties per night in the area.

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