Las Mariposas Playa Del Coco
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Rental Grade
Rentability:
B
Avg. Daily Rate:
B
Occupancy:
C+
Location Grade
Beach:
A+
View:
C
Location:
B
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Las Mariposas Playa Del Coco Overview
Property Description:
Las Mariposas is in the Monte Seco neighbourhood, around 5 minutes from Playas Del Coco centre and beach. Las Mariposas is a two-story building with three housing/commercial apartments. Each unit has modern amenities, including air conditioning, ceiling fans, and private balconies. Additionally, the property includes a furnished guest house, parking, laundry rooms, and storage space. The properties need furnishing and some additions too.
Assuming one could achieve $100 a night for each apartment/guesthouse, which isn’t unreasonable in comparison to other vacation rentals in the area. And assuming $75,000 is invested into the project, with other comparable Airbnbs in the area achieving around 45% yearly occupancy, from this investment, $73,000 after renovations could be achieved. This is an 8%-9% return on investment.