Investing in a 3-bedroom apartment in Pueblo Libre, Lima

A three-bedroom apartment in Pueblo Libre yields about 6.1% gross on a long-term rental. That's the annual rent before costs, divided by the purchase price. It's a reasonable middle-of-the-road number for Lima, not spectacular, not bad. Remember it's gross: property tax, maintenance, vacancy and management still come off the top before anything lands in your pocket.

On the Airbnb side, I can't give you a figure. The short-term rental data for three-bedroom units in this district is too thin to draw any conclusion. I'd rather say that plainly than hand you a made-up number. If someone quotes you a confident STR yield for this exact size and district, ask where it comes from.

Because I only have a solid long-term figure, this apartment reads as a buy-and-hold play. Larger units tend to attract families and longer tenancies, which means steadier occupancy and less turnover work than a studio churning through short stays. That fits an owner who wants a quiet, predictable rental rather than someone chasing tourist nights.

So: if you want a hands-off long-term hold and 6.1% gross meets your target after you've penciled in costs, a 3-bed in Pueblo Libre is worth a look. If your whole thesis rests on Airbnb income, I'd hold off until you've gathered real occupancy and nightly-rate data for this size on the ground here. This isn't investment advice, just what the numbers I have will and won't support.

Related: Pueblo Libre overview · Best district by size