3-bedroom apartment in Magdalena, Lima: yields (2026)
n = 463 Airbnb listings · 281 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
A 3-bedroom in Magdalena pays you more for doing less: about 5.4% long-term against roughly 5.0% on Airbnb. That is the whole argument in one line, and it is why I would take the tenant here.
The long-term figure is gross, so before you bank it, subtract property tax, arbitrios, rental income tax and a 3% vacancy allowance. The Airbnb figure is also gross, and the Airbnb side subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento, property tax and arbitrios. Note the asymmetry: in a long-term let the tenant pays mantenimiento, on Airbnb you do. That is part of why the short-let number sits behind.
Neither figure assumes a management company, because the owner self-manages on both sides. Neither subtracts furnishing or fit-out, cleaning, turnover or consumables either, and those are real on the Airbnb side. If you are not in Lima to run check-ins and turnovers, the short-let case gets thinner still.
So who suits this? A buyer who wants a 3-bed in Magdalena as an income asset and is content to let a family or a couple sign a lease and stay. The long-term route is the stronger play for a 3-bed here, and the numbers say so without much drama.
The honest caveat: these are approximate, held steady between real moves, and the tables on the page may show a slightly different exact value. A 3-bed is not the most liquid size in this district, and thin data on actual achieved rents means you should treat both yields as a starting point, not a promise. Not investment advice.