Is long-term rental worth it in Miraflores?
n = 1,603 sale listings · source: urbania.pe · as of 2026-09-17 · methodology →
Miraflores long-term rental nets about 4.8% after costs – on a median asking price of about $2,423 per square metre. That is the honest trade-off for a hands-off owner: modest but steady, and passive.
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 the landlord. You self-manage, so no management fee is in the model.
What the model does not subtract – furnishing, fit-out, cleaning, turnover, consumables – applies to both sides, so it does not change the comparison. The Airbnb figure, by contrast, subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento (the host pays it here), property tax, and arbitrios.
The typical 70 m² flat lists around $168,000, so the yield is what it is. If you want more, you would need to run a short-term let well enough to beat that 4.8% – but the model does not show that here, and most owners do not.
For a buyer who wants income without the work, Miraflores long-term is a reasonable, if unexciting, choice. The numbers are thin on how much better Airbnb could do, so treat the 4.8% as the reliable baseline.