Pacific Park 404

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Rental Grade
Rentability:
A
Avg. Daily Rate:
B
Occupancy:
B+
Location Grade
Beach:
A+
View:
B
Location:
A
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Pacific Park 404 Overview
Property Description:
Pacific Park #404 is a modern condo in the centre of Tamarindo, close to the beach, shops, and all the restaurants in the area. The condo has two large bedrooms with views from the private balcony overlooking Tamarindo and its mountain landscape. Located inside a gated community, residents have access to a range of amenities, including a swimming pool, fitness centre, garden areas, designated underground parking, and 24-hour security. The property comes un-furnished so there is an additional investment needed after purchase to totally furnish the condo.
Tamarindo has many comparable condos, and there are even some listed as vacation rentals in the Pacific Park Condominium. From these properties, an acceptable daily rate for the condo would be roughly $250 with an occupancy of around 60%, (This includes the cost to fully furnish the condo). This would return roughly $60,000 in the first year, which is a 6%-7% return on investment.