Investing in a 3-bedroom apartment in Magdalena, Lima

Here are the numbers for a 3-bedroom apartment in Magdalena. On a long-term rental basis, you're looking at a gross yield of about 7.1%. That's the rent before you subtract anything: no maintenance, no vacancy, no property tax, no management. Gross, not net.

On the Airbnb side, I don't have enough to give you a straight answer. The short-term rental data for 3-bedroom units in Magdalena is too thin to draw a conclusion. I'd rather tell you that than pretend I can compare the two.

So the honest read is this: the case here rests on the long-term number. 7.1% gross is the figure you can plan around. If you were hoping to run this as a short-let and beat that, I can't confirm it either way from what I have.

Who does this suit? Someone who wants a straightforward buy-and-hold apartment and treats the long-term yield as the main story. If your whole thesis depends on Airbnb performance, wait for better data before committing on a 3-bed in this district.

None of this is investment advice. Run your own numbers, and remember the 7.1% is gross -- your net will be lower once costs come out.

Related: Magdalena overview · Best district by size