4-bedroom apartment in Miraflores, Lima: yields (2026)
n = 3,526 Airbnb listings · 1,603 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
A 4-bedroom in Miraflores is an Airbnb apartment, and the numbers say so plainly: about 8.8% gross against roughly 6.8% long-term. That is a gap of about 2.2 points, and for this size in this district it is the whole argument.
The long-term figure subtracts 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, not you. So the roughly 6.8% is what a hands-off owner actually keeps, before the tenant's own upkeep.
The Airbnb figure subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento, property tax and arbitrios. The host pays mantenimiento here, and no guest reimburses it. That is a real cost the long-term side never carries, and the roughly 8.8% already has it taken out.
Both sides assume you self-manage. Neither figure subtracts furnishing or fit-out, cleaning, turnover or consumables, or management fees, so do not treat the Airbnb number as net of those. The data here is thin on how a 4-bed performs across a full year of bookings, and I would not pretend otherwise.
Who it suits: an owner who wants the higher gross and will run the flat themselves, in a district where four bedrooms let to groups. If you want a tenant and a quiet calendar, the long-term side still pays, just less. Not investment advice.