Divine Retreats Penthouse Condo
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Rental Grade
Rentability:
B+
Avg. Daily Rate:
B
Occupancy:
B
Location Grade
Beach:
A+
View:
A+
Location:
B
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Divine Retreats Penthouse Condo Overview
From the Vacation rental data and derived from properties nearby of comparable status, this property could charge an average daily rate of maximum $216 and could achieve an occupancy of 50%. Based on this, the returns would be roughly $41,855.40, or a 2.3% return.
The property is currently being listed on AIRBnB for $216, but only achieves an Occupancy rate of just below 40%. Assuming new owners invest time into better marketing with better property managers this occupancy would go up at least 10%. The Penthouse is in a great location with great views, but the ADR and ADR from surrounding properties are all roughly this level and therefore not changed.
Those figures are based off the real rental performance of comparable properties near by.