Investing in a 3-bedroom apartment in Surco, Lima

A 3-bedroom apartment in Surco produces roughly 5.9% gross yield on a long-term rental. That's the annual rent before you deduct anything: no maintenance, no HOA fees, no vacancy, no taxes. Net will be lower, so treat 5.9% as the ceiling, not the number that lands in your pocket.

On the Airbnb side, I don't have enough data to give you a figure. The short-term coverage for 3-bedroom units in Surco is too thin to draw a conclusion. I'd rather say that plainly than invent a number. If you're counting on short-term income to justify the purchase, you're speculating, not calculating.

Because the long-term figure is the only one I can stand behind, this apartment makes most sense for a buyer who wants steady, hands-off rental income and treats 5.9% gross as the working assumption. Larger units also tend to appeal to families on longer leases, which usually means lower turnover than smaller flats.

If your thesis depends on Airbnb outperforming the long-term rate, wait until you have real occupancy and nightly-rate data for 3-bedroom units in Surco specifically. Right now there isn't enough to compare the two, and I won't pretend otherwise.

None of this is investment advice. Run your own numbers on fees, taxes, and vacancy before you commit.

Related: Surco overview · Best district by size