When looking for a Playa del Carmen condo investment, 3 key factors will play a huge role in the rental potential of the property; distance to the beach, size of the condo, and availability of activities nearby. This condo tops the list in all three areas.
This condo is located in an up-and-coming new area in Playa del Carmen, which, although only a 5 minute drive (or 15 minute walk) from the heart of downtown Playa del Carmen, has been left undeveloped until very recently, and it is a 5 minute walk away from the beach. The main motivation for tourists to visit Playa del Carmen is to visit the beach, and being able to go on a relaxing walk in the soft sand, with the warm water gently lapping up on your feet at such a close distance is very important. This is also one of the best beachfront areas, naturally wide, with the coral reef nearby fro snorkeling diving, good bars and restaurants showing up, and generally a trendy crowd beginning to use it.
The next important factor is the size. This condo has 4 bedrooms and 3 bathrooms. This means larger groups of vacationers can consider the condo, paying a rate that is a large saving for them from paying a resort or hotel, but still a good income for you. 4 bedroom properties tend to be the most consistent in bring in rental income, even when tourism is slow because of the savings for vacationers, especially when they are this close to the beach.
Besides the beach, the general location is also excellent. As mentioned above, the heart of Playa del Carmen's downtown tourist area is a 15 minute walk away. The main street, Fifth Avenue, actually runs really close to the community (5 min), but the shops, dining and night life don't start until a little farther south. The really good news is, that to the south, this street has developed as far as it can, leaving northward (towards this condo's community) the only direction left, without being further away from the beach. Nice new homes, restaurants and cafes already exist nearby, and it's only a matter of time till the newest, most desirable “places to be" start opening up right around this part of town.
This means if rental potential is good now, it will be even better down the road. Besides this, you can even take a week now and then to enjoy this Playa del Carmen condo and this new community for yourself!
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