Investing in a 1-bedroom apartment in Barranco, Lima

Let me keep this simple. A one-bedroom apartment in Barranco yields about 6.8% gross on a standard long-term lease. That is the number to anchor on before you get talked into anything fancier.

The Airbnb pitch, on the same size unit, comes in at roughly 2.2% gross. That is not a typo. Short-term letting in this segment brings more work, more turnover, and more empty nights, and the numbers here don't reward it.

So for a one-bed in Barranco, long-term is the stronger play by a wide margin. Roughly three times the gross yield, for less hassle. I would not fight that math.

Who does this suit? Someone who wants a straightforward, lower-effort rental with a tenant on a lease, not a hospitality side business. If your plan hinges on Airbnb returns, this size in this district is not it.

One caveat: these are gross figures. They don't include your maintenance, taxes, vacancy, or management. Run your own net numbers, and treat this as one data point, not investment advice.

Related: Barranco overview · Best district by size