Investing in a 2-bedroom apartment in Miraflores, Lima

Let's start with the numbers, because that's the whole point. A 2-bedroom apartment in Miraflores yields about 6.9% gross on a standard long-term lease. The same unit on Airbnb runs around 2.0% gross. That's not a small gap, and it points in one direction.

For a 2-bed in this district, long-term is the stronger play. You're getting more than three times the gross yield without the churn of short-stay guests, the cleaning turnover, or the constant occupancy risk. The Airbnb story sounds nice in theory, but at 2.0% gross it doesn't hold up against a simple annual lease here.

Keep in mind these are gross figures. They don't account for your building fees, property tax, maintenance, vacancy, or management. So treat 6.9% as the ceiling before costs, not the number that lands in your account.

Who does this suit? Someone who wants a steady tenant and a predictable rent check, not a hospitality side business. If you were counting on Airbnb income to make the math work on a 2-bed in Miraflores, the data says reconsider.

This is what the numbers say, not investment advice. Run your own costs on the specific unit before you commit.

Related: Miraflores overview · Best district by size