How much Airbnb income can you make in San Miguel?
n = 1,114 Airbnb listings · source: airroi · as of 2026-09-17 · methodology →
In San Miguel the short-term headline is about 7.0% gross, on roughly $51 a night at near 44% occupancy. That is the number the listing platforms will show you, and it is the one that flatters the case.
The long-term net yield here is about 5.3%. That figure already 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. You self-manage, so no management fee comes off either.
The Airbnb figure subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento, property tax and arbitrios. The host pays mantenimiento on a short let — no guest reimburses it. Even after all that, the gross-to-net drop is the part people underestimate, and it is why the two numbers sit closer than the 7.0% suggests.
So long-term usually wins in San Miguel, and the honest caveat is that the 7.0% is a sample, not a guarantee. Run the Airbnb well and it can beat the tenant; run it the way most owners do and the gap closes against you. Not investment advice.