Condo In Tamarindo Azul

Property Description:

This property is a 3-bedroom, ground-floor condo in the Tamarindo Azul complex, around a 10-minute walk to the beach, central restaurants, and shops. With only six other units, there is a common pool and BBQ area. Recently updated in 2021 with fresh paint, new AC units, and furnishings, the condo also has a large kitchen and living area, which open up with sliding doors to the outside area. The guest bedrooms have built-in wardrobes and mini-split AC units, while the master bedroom has an ensuite bathroom. There is a separate laundry/utility room that doubles as an owner’s closet, offering convenient storage.

The property is in a great location, and the condo is already listed on Airbnb, so assuming one can achieve similar or better results with no renovations, one could achieve a daily rate of roughly $215, and an occupancy of at least 58%, the estimated return is just above $50,000 in the first year of ownership, or between a 5% and 6% return on investment.