4-bedroom apartment in Barranco, Lima: yields (2026)
n = 1,440 Airbnb listings · 417 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
For a 4+ bedroom in Barranco, the long-term gross yield sits near 3.6%. That is the headline, and it is not a strong one. You are buying into the district's premium prices, and the rent does not compensate.
The Airbnb side is a blank: coverage for this size is too thin to call. I will not invent a number. If you are considering short-term lets here, you are working without local evidence, and that should worry you more than the long-term figure.
The long-term figure is net of property tax, arbitrios, rental income tax and a 3% vacancy allowance. It does not subtract mantenimiento, because in a Lima long-term let the tenant pays that. The owner self-manages, so no management fee is in the model.
Who does this suit? Someone who wants the Barranco address for personal use and rents it out to offset costs. As a pure investment, 3.6% gross is thin, and the Airbnb uncertainty does not help. You are paying for the district's charm, not its yield.
If you need income, look elsewhere. If you want a foothold in Barranco and can hold long-term, this is a lifestyle buy with a small return, not a cash machine.