Investing in a 4-bedroom apartment in Surco, Lima

Let's keep this simple. A 4-bedroom apartment in Surco returns roughly 5.7% gross on the long-term rental market. That's before you subtract anything, so treat it as the ceiling, not what lands in your pocket.

On the short-term side, I don't have enough Airbnb data for four-bedroom units in Surco to say anything useful. Big apartments don't turn up often on the nightly market, and the sample here is too thin to call. So I won't pretend to compare the two -- I can only vouch for the long-term number.

At 5.7% gross, this is a steady-rental play, not a high-yield one. Four bedrooms in Surco point at families or long-term tenants, which usually means longer leases and less churn than smaller units. That suits an investor who wants something predictable and doesn't mind a modest return.

If you were hoping the Airbnb route would push the numbers higher, I can't confirm that here. The data simply isn't there for this size in this district. Buy this expecting a long-term tenant and the 5.7% gross, and adjust down for costs and vacancy.

This is not investment advice. Run your own numbers on maintenance, taxes, and vacancy before you commit.

Related: Surco overview · Best district by size