3-bedroom apartment in Surco, Lima: yields (2026)
n = 840 Airbnb listings · 1,516 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
A 3-bedroom in Surco is a long-term play, and the headline numbers say so: about 6.0% gross on a twelve-month tenant against roughly 7.3% on Airbnb. The gap is real but thin, and it is the only place on this page where Airbnb looks like the better business.
Read the cost model before you believe that gap. The long-term figure subtracts property tax, arbitrios, rental income tax and a vacancy allowance, but not mantenimiento, because in a Lima long-term let the tenant pays that. The Airbnb figure subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento, property tax and arbitrios. You self-manage either way. Neither figure subtracts furnishing, cleaning or management fees, so do not let anyone quietly add them to the Airbnb side and call it a wash.
The uncomfortable half: the Airbnb premium is roughly 1.2 percentage points, and you pay for it in work. Guests break things, seasons swing, and a three-bedroom flat in Surco is not a studio you can turn over between two coffees. The long-term side is duller and steadier, and for a foreign owner who is not in Lima year-round, dull is the feature.
Who this suits: a buyer who wants a family-sized unit, a tenant on a twelve-month contract, and a return that arrives without a booking calendar. If you are chasing the Airbnb number, you need to be here, or you need to be very good at running a short-let from abroad. Most owners are neither, and the 6.0% is what they actually collect.
One caveat on the data: these are gross yields on a single size in a single district, and they move. Treat about 6.0% and roughly 7.3% as the shape of the trade, not a promise. Not investment advice.