Portofino A4
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Rental Grade
Rentability:
B
Avg. Daily Rate:
B
Occupancy:
B
Location Grade
Beach:
A+
View:
C+
Location:
A
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Portofino A4 Overview
Property Description:
Portofino A4 is a condo around 200m from the beach, shops, and restaurants of Tamarindo. Portofino A4 is a second-floor unit with 2 bedrooms and 1 full bathroom, totalling 75 m2. The condo has a renovated kitchen and bathroom and is sold fully furnished.
Tamarindo has many comparable condos, and Portofino A4 is already being used for vacation rentals. Currently, the property is charging an average daily rate of $104, and achieves an occupancy of 49%, around a 1.8% return on investment. Assuming $35,000 is invested in the property to modernise furnishings and decor, an acceptable daily rate for the condo would be $130. This would return roughly $25,000 in the first year, which is a 2.5%-3.5% return on investment.