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1 Address Not Published , #306

Cabo San Lucas, MX
  • $169,000
  • STATUS: Active
  • ON SITE: 205 Days
  • MLS #: 23-4044
UPDATED: 57 min ago
$169,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 830
    SQFT
  • $204
    $/SQFT
Neighborhood:
Type:
Condo
Area:

School Ratings & Info

Description

Hole in the market! We found it! You want ROI? Look here! - *Property Overview*: MLS 23-4044 - A two-bedroom, two-bathroom property located in central Cabo San Lucas, offering a prime location for tourists and visitors.- *Airbnb Potential*: The property's prime location makes it an ideal candidate for Airbnb rental, catering to tourists seeking accommodations in the heart of Cabo San Lucas.- *Investment Opportunity*: With the growing demand for vacation rentals in Cabo San Lucas, investing in this property presents a lucrative opportunity for consistent rental income.- *High Occupancy Projection*: Based on conservative estimates of a 66.6% occupancy rate (20 days a month), anticipate gross monthly revenue of $6,000from renting out the six beds, demonstrating the property's strong income-generating potential. You can add bunk beds easily doubling your income to and from an estimated $6,000 USD to $12,000 USD - low expenses of $2,000 USD leaving you with a net profit of $120,000 USD per year. Paying off your debt in one year leaving you with a profit of an estimated $40,000 for year one and $120,000 for year two. - *Marketing Strategy*: Developing a comprehensive marketing strategy to attract guests and maximize occupancy rates, including professional photography, listing optimization, and targeted advertising campaigns. - *Property Management*: Implementing an efficient property management system to handle guest inquiries, bookings, check-ins, cleaning, and maintenance, ensuring a seamless experience for guests and maximizing rental income. - *Customer Experience*: Prioritizing the guest experience by providing exceptional customer service, amenities, and personalized recommendations to enhance guest satisfaction and encourage positive reviews and repeat bookings. - *Market Analysis*: Conducting a comprehensive market analysis to understand the demand for budget housing in Cabo San Lucas and identify key trends, such as rising prices and increasing tourism. - *Competitive Advantage*: Highlighting the unique selling points of the property, such as its affordability, central location, and amenities tailored to budget travelers, to differentiate it from competitors in the market. - *Affordability*: Offering competitive rental rates that cater to the budget-conscious demographic while still providing a comfortable and safe accommodation experience. - *Flexible Accommodation Options*: Considering options such as shared dormitory-style rooms, bunk beds, or communal living spaces to maximize occupancy and accommodate varying budget preferences. - *Community Atmosphere*: Fostering a sense of community among guests through social events, communal spaces, and shared amenities, creating a welcoming environment for budget travelers to connect and socialize. - *Partnerships and Collaborations*: Exploring partnerships with local universities, backpacker hostels, and travel agencies to promote the property as a budget-friendly accommodation option and tap into existing networks of potential guests. - *Rare Opportunity*: Emphasize the uniqueness of the property due to its low cost for a downtown central location in Cabo San Lucas, making it a rare find in the market. - *Low HOA and Airbnb Friendly*: Highlight the advantage of the property's low HOA fee of only $20 a month and the absence of restrictions on Airbnb rentals, allowing for maximum flexibility and profitability. - *Hostel-Style Rental*: Introduce the innovative approach of renting the property bed-by-bed, akin to a hostel-style accommodation, offering affordable lodging options for budget-conscious travelers while maximizing revenue potential. - *Pricing Strategy*: Set the initial rental rate at $50 per bed per night + cleaning fee, significantly lower than comparables at $75 per night, to attract budget travelers and ensure high occupancy rates. - *Financial Flexibility*: Specify that a portion of the property's purchase price, $169,000, will be financed, allowing for a lower initial capital outlay and improving cash flow management. - *Down Payment and Financing Structure*: Clarify that the down payment for the property will be $99,000, with the remaining $70,000 financed over three years at a 10% interest rate, reflecting the higher interest rates typical in Cabo San Lucas. Payments of only $1,800 per month. - *Affordable Financing*: Despite the higher interest rate, emphasize that the monthly payment for the financed portion remains manageable, especially considering the potential to offset costs through Airbnb rental income, ensuring immediate profitability and positive cash flow. - *Cash Flow Positive Investment*: Highlight the ability to cover the financing payments with rental income from Airbnb guests, effectively allowing the property to pay for itself while still generating additional profit, providing a compelling investment opportunity with minimal out-of-pocket expenses. - *ROI Consideration*: Factor in the financing terms, including the down payment and interest rate, when calculating the expected return on investment, to provide a comprehensive analysis of the investment's financial performance and potential for wealth accumulation over time. - *ROI Calculation*: Provide a clear breakdown of the expected return on investment from adding bunk beds, factoring in construction costs, increased rental income, and projected occupancy rates, to demonstrate the financial viability of the expansion. - *Risk Mitigation*: Acknowledge the higher interest rates in Cabo San Lucas and discuss strategies for mitigating financial risks, such as maintaining strong occupancy rates, implementing effective cost management measures, and diversifying revenue streams, to safeguard against fluctuations in the local market and ensure long-term investment sustainability. - *Digital Nomad Market*: By targeting digital nomads and remote workers with amenities like high-speed internet, the property can attract a niche market willing to pay premium rates for

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© 2024 Multiple Listing Service in Baja California Sur. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cabo Leisure Real Estate. Data last updated: 2024-05-19T12:35:50.653.
www.realestate-cabosanlucas.com/homes/144748107
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1 Address Not Published , #306 Cabo San Lucas, MX

  • Price: $169,000
  • Status: Active
  • On Site: 205 Days
  • Updated: 57 min ago
  • MLS #: 23-4044
2
Beds
2
Baths
0
½ Baths
N/A
Acres
830
SQFT
$204
$/SQFT
Neighborhood:
Centro
Area:
Csl-Centro
Property Description
Hole in the market! We found it! You want ROI? Look here! - *Property Overview*: MLS 23-4044 - A two-bedroom, two-bathroom property located in central Cabo San Lucas, offering a prime location for tourists and visitors.- *Airbnb Potential*: The property's prime location makes it an ideal candidate for Airbnb rental, catering to tourists seeking accommodations in the heart of Cabo San Lucas.- *Investment Opportunity*: With the growing demand for vacation rentals in Cabo San Lucas, investing in this property presents a lucrative opportunity for consistent rental income.- *High Occupancy Projection*: Based on conservative estimates of a 66.6% occupancy rate (20 days a month), anticipate gross monthly revenue of $6,000from renting out the six beds, demonstrating the property's strong income-generating potential. You can add bunk beds easily doubling your income to and from an estimated $6,000 USD to $12,000 USD - low expenses of $2,000 USD leaving you with a net profit of $120,000 USD per year. Paying off your debt in one year leaving you with a profit of an estimated $40,000 for year one and $120,000 for year two. - *Marketing Strategy*: Developing a comprehensive marketing strategy to attract guests and maximize occupancy rates, including professional photography, listing optimization, and targeted advertising campaigns. - *Property Management*: Implementing an efficient property management system to handle guest inquiries, bookings, check-ins, cleaning, and maintenance, ensuring a seamless experience for guests and maximizing rental income. - *Customer Experience*: Prioritizing the guest experience by providing exceptional customer service, amenities, and personalized recommendations to enhance guest satisfaction and encourage positive reviews and repeat bookings. - *Market Analysis*: Conducting a comprehensive market analysis to understand the demand for budget housing in Cabo San Lucas and identify key trends, such as rising prices and increasing tourism. - *Competitive Advantage*: Highlighting the unique selling points of the property, such as its affordability, central location, and amenities tailored to budget travelers, to differentiate it from competitors in the market. - *Affordability*: Offering competitive rental rates that cater to the budget-conscious demographic while still providing a comfortable and safe accommodation experience. - *Flexible Accommodation Options*: Considering options such as shared dormitory-style rooms, bunk beds, or communal living spaces to maximize occupancy and accommodate varying budget preferences. - *Community Atmosphere*: Fostering a sense of community among guests through social events, communal spaces, and shared amenities, creating a welcoming environment for budget travelers to connect and socialize. - *Partnerships and Collaborations*: Exploring partnerships with local universities, backpacker hostels, and travel agencies to promote the property as a budget-friendly accommodation option and tap into existing networks of potential guests. - *Rare Opportunity*: Emphasize the uniqueness of the property due to its low cost for a downtown central location in Cabo San Lucas, making it a rare find in the market. - *Low HOA and Airbnb Friendly*: Highlight the advantage of the property's low HOA fee of only $20 a month and the absence of restrictions on Airbnb rentals, allowing for maximum flexibility and profitability. - *Hostel-Style Rental*: Introduce the innovative approach of renting the property bed-by-bed, akin to a hostel-style accommodation, offering affordable lodging options for budget-conscious travelers while maximizing revenue potential. - *Pricing Strategy*: Set the initial rental rate at $50 per bed per night + cleaning fee, significantly lower than comparables at $75 per night, to attract budget travelers and ensure high occupancy rates. - *Financial Flexibility*: Specify that a portion of the property's purchase price, $169,000, will be financed, allowing for a lower initial capital outlay and improving cash flow management. - *Down Payment and Financing Structure*: Clarify that the down payment for the property will be $99,000, with the remaining $70,000 financed over three years at a 10% interest rate, reflecting the higher interest rates typical in Cabo San Lucas. Payments of only $1,800 per month. - *Affordable Financing*: Despite the higher interest rate, emphasize that the monthly payment for the financed portion remains manageable, especially considering the potential to offset costs through Airbnb rental income, ensuring immediate profitability and positive cash flow. - *Cash Flow Positive Investment*: Highlight the ability to cover the financing payments with rental income from Airbnb guests, effectively allowing the property to pay for itself while still generating additional profit, providing a compelling investment opportunity with minimal out-of-pocket expenses. - *ROI Consideration*: Factor in the financing terms, including the down payment and interest rate, when calculating the expected return on investment, to provide a comprehensive analysis of the investment's financial performance and potential for wealth accumulation over time. - *ROI Calculation*: Provide a clear breakdown of the expected return on investment from adding bunk beds, factoring in construction costs, increased rental income, and projected occupancy rates, to demonstrate the financial viability of the expansion. - *Risk Mitigation*: Acknowledge the higher interest rates in Cabo San Lucas and discuss strategies for mitigating financial risks, such as maintaining strong occupancy rates, implementing effective cost management measures, and diversifying revenue streams, to safeguard against fluctuations in the local market and ensure long-term investment sustainability. - *Digital Nomad Market*: By targeting digital nomads and remote workers with amenities like high-speed internet, the property can attract a niche market willing to pay premium rates for
Exterior Features

Decks Patios Sq Ft 48.85 Decks Patios Square Meters 4.54 Parking On Property 2 spaces Road Type Paved

Interior Features

Appliances Cook TopDishwasherFreezerMicrowaveRefrigerator/FreezerWasher Appliances Dryer Electric Construction Flooring Type Ceramic tile Devices Air Conditioning Mini-Split Furnished Part Furnished Stories In Building 3.0

Property Features

Common Amenities GardenKiddy ParkPicnic AreaPoolPool Heater Connectivity Internet Fiber Optic Cable Construction Completed Electricity CFE Financing Owner Hoa Dues Amount 20 Pet Friendly Yes Primary View City Property Name Perfect AirBnb Financing Secondary View Pool Seller Financing Offered Yes Sewage Munic Style Multiple Levels Title Escritura Total Sq Ft 776.87 Total Square Meters 72.20 Unit Details BarbecueDeck/TerraceKitchen NookPatio Water Muni

© 2024 MLS BCS - Listing provided courtesy of House of Baja: (624) 106-9538.


© 2024 Multiple Listing Service in Baja California Sur. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cabo Leisure Real Estate. Data last updated: 2024-05-19T12:35:50.653.
 
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Cabo Leisure Real Estate
Cabo San Lucas MX, 23477