Investing in a 1-bedroom apartment in Jesús María, Lima

The numbers for a 1-bedroom in Jesús María are lopsided. On a standard long-term lease you're looking at roughly 9.9% gross yield. Put the same apartment on Airbnb and it drops to about 1.4% gross. That's not a close call.

So for this size in this district, long-term is the stronger play by a wide margin. The Airbnb figure is low enough that short-term letting only makes sense if you have a specific reason -- occasional personal use, say -- not as a yield strategy.

Keep in mind these are gross figures. They don't account for maintenance, vacancy, management fees, or taxes, all of which come off the top before you see anything. A 9.9% gross yield is not a 9.9% return in your pocket.

This suits an investor who wants a straightforward buy-and-let: sign a tenant, collect rent, keep the churn low. If you were hoping to run it as a tourist rental, the data here argues against it.

This is a starting point from headline numbers, not investment advice. Run your own figures on the specific unit before committing.

Related: Jesús María overview · Best district by size