1-bedroom apartment in Jesús María, Lima: yields (2026)
n = 645 Airbnb listings · 294 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
For a one-bedroom in Jesús María the headline numbers look close: about 7.5% long-term against roughly 8.8% on Airbnb. The gap is real but thin, and the long-term let is the stronger play once you weigh what each side actually costs you.
The long-term figure is net of property tax, arbitrios, rental income tax and a 3% vacancy allowance. It does not subtract mantenimiento, because in a Lima long-term let the tenant pays that, not you. You self-manage, so no management fee comes off either.
The Airbnb figure subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento, property tax and arbitrios. On a one-bed the host carries mantenimiento with no guest reimbursing it, and you still self-manage. Neither figure accounts for furnishing or fit-out, cleaning, turnover or consumables.
So the Airbnb edge of roughly 1.4 percentage points is not free money. It asks you to run a short-let operation, absorb the setup and the turnover work, and accept the seasonality that a one-bed in this district carries. The long-term route is quieter and, on these numbers, the better fit for most foreign buyers.
This suits an investor who wants a modest, hands-off holding in a central, residential district rather than a hospitality business. If you want the higher gross, the short-let can deliver it, but only if you treat it as a job. Not investment advice.