Jungle Home Close to the Center of Santa Teresa
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Rental Grade
Rentability:
B
Avg. Daily Rate:
B
Occupancy:
B
Location Grade
Beach:
A+
View:
C+
Location:
B
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Jungle Home Close to the Center of Santa Teresa Overview
Property Description:
This jungle villa is around a 6-minute drive from Santa Teresa’s main road and beach. The villa, built only 1.5 years ago, has jungle views, but no swimming pool or open space in the garden, just dense forest, but there is a viewing deck at the back of the house. The villa has 3 bedrooms and 2 bathrooms upstairs, with a kitchen and social area on the downstairs floor. In the rainy season, a small river runs beneath the house, visible through a glass floor detail in the main living space. The property is elevated on stilts and accessed via a wooden bridge. The lot is roughly half an acre and is only accessible by a 4×4 vehicle.
The property is not in the main tourist area of Santa Teresa and is rather secluded, taking away from its rentability, there are also not many vacation rentals in the area that are comparable to this. This being said, there are others with similar attributes. From these we assume as a vacation rental one can ask for a daily rate of $175, and occupancy of at least 45%, the estimated return is around $33,000, or between a 5.5% and 6.5% return on investment.