2-BR condo in center town near the beach

Center Town, Coral Stone I, Las Terrenas

Features

• Near beach
• Near town
• Gated property
• Gated community
• Furnished
• Common pool
• Sceptic
• Cistern
• Night Watchman
• Day Watchman
• Garbage Collection
• Electricity
• Water
• Reception
• Pool

Description

This magnificent condo has 130 sqm, has 2 very elegant rooms, and is fully furnished, with a beautiful living room with a very colorful minimalist design, the kitchen area is very practical, and ideal to enjoy with the family.

This condo is located inside a small condominium in the center of Las Terrenas, close to the main beaches and nightlife centers.

This property is ideal for a second home and for investment due to the advantages offered by passive income from short-term rentals.

This condo has very affordable yearly costs, the annual property tax is only US$710, and the homeowners association fees are US$150.

If you are looking to rent this property, we evaluate the rate per night to be US$128.

Considering all the monthly costs, including the property management fees, you should look at making a monthly profit of US$1,132. The occupancy rate we are using is a realistic average of 50% based on current market data.

The net return is calculated to be around 6.1%.

If like us you think this is a great listing, contact us for more information.
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Location

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Center Town

If you don’t mind a little noise and animation, the center of Las Terrenas is perfect for you. Close to everything so you can get your breakfast, shop or go out.

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Coral Stone I

Privileged location near the city center and beaches. Newly built with first-class finishes. Private Roof Top with jacuzzi and bbq area. An unforgettable place just steps away from Punta Popy beach. This community is composed of 10 units, 1 bedroom 1 bathroom condo. Located in an area of ​​great urban development 400m from the ocean, and 100m from the center.

Financials

Utilities: US$140

Maintenance: US$60

HOA Fees: US$150

Monthly Rev. (50% occupancy): US$1,920

Mngt Costs: US$438

Monthly Profits: US$1,132

Legal Fees: US$2,150

Transfer Fees: US$6,450

Yearly Taxes: US$710

This listing

Price / SQM: US$1,654

ROI: US$6

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Market Price / SQM: US$1,654

Market ROI: US$6

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All information, including measurements data and financial calculations, is obtained from various sources, and is approximate. No guarantee, warranty or representation of any kind is made regarding the accuracy of such information and Atlantique Sud Real Estate S.R.L. expressly disclaims any liability.