2 Ocean View homes monte bello norte Playa Hermosa
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Rental Grade
Rentability:
B+
Avg. Daily Rate:
B
Occupancy:
B+
Location Grade
Beach:
A+
View:
A+
Location:
A
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
2 Ocean View homes monte bello norte Playa Hermosa Overview
Property Description:
This is an interesting deal, as you are getting two houses for $1,500,000 in the Playa Hermosa area, and in a great location. The views are very good from both properties, and each have their own pool, although a little small. The decor is ok if slightly outdated, an example is the TVs in the bedrooms which are very old.
Using comparable vacation rentals in the area, we’ve assumed each house can average a daily rate of $300 and an occupancy of 55% because its location and great views mainly. These properties are much less modern than most of the competing vacation rentals in the area so have slightly more pessimistic assumptions. The annual return would be roughly 6.1%, roughly $135,000.