Is long-term rental worth it in Magdalena?
n = 281 sale listings · source: urbania.pe · as of 2026-09-17 · methodology →
A long-term rental in Magdalena nets about 4.8% after costs. That is the number that matters, and it is the one you keep. Not spectacular, not a story you tell at dinner, but it survives contact with the tax office and the empty months.
The entry price is the reason it works at all. Median asking sits near $2,140 per m2, and a typical apartment of roughly 70 m2 comes in around $149,800. That is a real cheque, but it is not Miraflores money, and the yield does not collapse because you overpaid to be there.
The 4.8% is net. 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. You self-manage, so no management fee comes off either.
What you give up is upside. There is no nightly rate to push, no high season to chase, no review score to protect. You sign a lease, you collect, you fix the boiler when it dies. For an owner who wants the apartment to be a line item and not a second job, that is the trade.
The caveat is the data itself. These figures are approximate and held steady between real moves, so the tables on the page may show a slightly different exact value. Treat about 4.8% as a reading of the market, not a promise about your specific unit. Not investment advice.