Investment Chat with Nativu – Casa Congos

Fabricio Riggioni - JAN 29, 2019
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Casa Congos is a beautiful secluded property built in 2008, located in the developing community of Marbella, Costa Rica. The 420 m2 four-bedroom, three-bathroom house sits on a 2,100 m2 lot that is four minutes from the main beach.

Financial Analysis

Casa Congos is a prime investment for the short or long-term. As a flip property, Nativu sees a short-term gain of 15-25 percent.

Asking price is $259,000

Average land price in the area is $30 m2

Conservative land assessment: $63,000

Building/structure assessment: $378,000

Predominant construction materials are cement and teak. Average construction expense in Guanacaste is $700 to $1,500 m2. To build Casa Congos today would require a conservative estimate of $900 per square meter.

Buying at 58.7 percent will allow room to invest in value added features to improve the property for a successful flip.

Additional value investment suggestions

– Install pool $20,000

– Building improvements $   5,000

– Add landscaping and gate $   1,500

Total $26,500 NATIVU

Want more information about Real Estate Investing in Costa Rica?
contact Fabricio Riggioni, Telephone: +1 506 8301-0663 or email: fabricio@nativu.com

Tell Fabricio you learned about Nativu from Howler Magazine
or submit your inquiry below

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