Boho Surf Shack

Location:
Santa Teresa
, Puntarenas
B
Overall Rating

Property Type: Villa

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Rental Grade

  • Rentability:

    A

  • Avg. Daily Rate:

    A

  • Occupancy:

    A

Location Grade

  • Beach:

    A+

  • View:

    C+

  • Location:

    B+

Property Details

Bedrooms:
4
Bathrooms:
1.5
Land Size:
175 sqm
Constr. Size:
150 sqm
View:
Ocean View
Pool:
Yes

Investment Info

Price:

$345,000 USD

Renovation Costs:

$25,000 USD

ROI:

8.1 %

Boho Surf Shack Overview

Property Description: Authentic Boho Surf Shack near Playa Hermosa

This authentic Boho Surf Shack is located near Playa Hermosa in Santa Teresa, Puntarenas Pacific coast. It is a totally wooden shack that plays to the nostalgic experience of an authentic Costa Rican surf vacation rental but with all the modern amenities. There is a medium size garden. This vacation rental relies on authenticity and the rustic feel of a beach shack.

The property requires lots of maintenance and additions to be able to compete with other vacation rentals in a very popular market, although it is very unique and the concept is successful in other locations, some investment is required; we predict around $25,000. This is estimated to yield a return between 7.5%-9.0%, (around $50,000). This assumes one can secure a year-round occupancy of 55% charging $240 a night based on comparable properties.

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