Investing in a 3-bedroom apartment in San Miguel, Lima

A three-bedroom apartment in San Miguel yields about 6.5% gross on a long-term rental. That's the number to work with here, and it's a respectable figure for Lima's mid-market districts. Gross means before service charges, maintenance, taxes, and vacancy, so budget for the gap between gross and what actually lands in your account.

On the Airbnb side, I can't give you a figure. The short-term rental data for three-bedroom units in San Miguel is too thin for me to make a call. I'd rather say that plainly than invent a number you might act on.

Because I can't compare the two strategies, there's no winner to declare. If you're weighing Airbnb, you'd have to do your own legwork on comparable listings and occupancy in the specific building and street, not lean on a district-wide average.

This suits someone who wants a straightforward long-term hold: a stable tenant, predictable rent, and a 6.5% gross yield to work from. If you're primarily chasing short-term rental upside, San Miguel three-beds aren't something I can currently back with data.

None of this is investment advice. It's the arithmetic and what the data does and doesn't support.

Related: San Miguel overview · Best district by size