Last updated on June 15th, 2023
airbnb beachfront property for sale Cancun
Located in the state of Quintana Roo, the city of Cancun is known for being a world-class tourist destination that stands out due to its natural beauty. This city has extensive sandy beaches, a biodiversity of coral reefs, various Mayan archeological sites, and a great variety of flora and fauna.
Additionally, Cancun has a privileged location as well as the second most important airport in Mexico. Thanks to that, Cancun offers easy connections with the rest of the world, such as European or Latin countries.
Cancun, Quintana Roo, is also one of the top short-term rental markets in Mexico and based on Inmbuebles24, it has a gross rental yield of 7.04%. Moreover, according to El Economista, Cancun registers the most international tourist arrivals in the country each year. This info is perfect for property investors who aim to cater to tourist accommodations here.
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“One of the great advantages of investing in an area like Cancun is the fact that this city is already strongly consolidated within different markets. Naturally, the main market in which it stands out is tourism, becoming one of the main destinations worldwide. This tourist market generates an economic flow in the city which permeates the value of the properties that reside there, generating surplus value over time.”
Aside from looking at a property’s proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability.
In this article, we’ll discuss the Airbnb metrics in order for property investors to find and gauge the best property investment in Cancun, Mexico. This includes the best website recommendations for property investment, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Continue reading to learn more!
Best Neighborhoods for Airbnb in Cancun
Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable zone in Cancun, Mexico. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended areas here:
1. Hotel Zone
The Hotel Zone enjoys a privileged location as it’s near almost all tourist attractions and is only 12km away from Cancun International Airport. In addition to this, the area is the safest one in Cancun since it’s under constant police surveillance. However, as Cancun’s business center, the property values are high.
- Annual revenue: $23,534 (463,573 MXN approx.)
- Average daily rate: $87
- Occupancy rate: 77%
2. East Zone
The East Zone is known as the best place to own a property in Cancun since it’s very close to the Hotel Zone and the City Center area. Thanks to this, it’s easy to have access to entertainment facilities, restaurants, bars and other popular places.
- Annual revenue: $11,889 (234,200 MXN approx.)
- Average daily rate: $44
- Occupancy rate: 76%
3. City Center Zone
The City Center Zone in Cancun is close to supermarkets, malls, banks, parks as well as the popular Hotel Zone. This zone is also very safe, but the disadvantage is that the noise pollution is high. Here, investors can find all types of properties, such as studios, houses and apartments with different budgets.
- Annual revenue: $5,738 (113,032 MXN approx.)
- Average daily rate: $26
- Occupancy rate: 61%
Is Property Investment Profitable in Cancun, Mexico?
Using an Airbnb profit calculator, it was discovered that a 2-bedroom apartment in Cancun can generate an annual revenue of $9,622 (around 190,187 MXN) with a steady occupancy rate of 67% and a nightly rate of $34.
airbnb beachfront property for sale Cancun
Apartments and beachfront properties for sale in Cancun, Mexico
Finding the best beachfront properties that have the potential to produce high yields and capital growth is certainly some of the preferences of major investors. You can find different types of properties for sale in Cancun, such as oceanfront houses, apartments or villas. But, it’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
Here are some of the profitable properties in Cancun, Quintana Roo along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
airbnb beachfront property for sale Cancun
1. Studio-type Property for Sale Cancun
- Just a few minutes away from downtown
- Asking Price: $119,900
| GROSS RENTAL YIELD | 12.46% |
| ANNUAL REVENUE | $7,727 |
| CASH ON CASH RETURN | 11.62% |
2. 1-Bedroom Property for Sale in Cancun
- Near Cale Nazareth
- Asking Price: $69,292
| GROSS RENTAL YIELD | 14.90% |
| ANNUAL REVENUE | $9,279 |
| CASH ON CASH RETURN | 18.92% |
3. 2-Bedroom Property for Sale in Cancun
- 20 minutes from the Hotel Zone and 30 minutes from the beautiful beaches
- Asking Price: $90,000
| GROSS RENTAL YIELD | 12.87% |
| ANNUAL REVENUE | $11,584 |
| CASH ON CASH RETURN | 12.85% |
Avenida Niágara esquina con Rioja, Cancun, Quintana Roo
4. 3-Bedroom Property for Sale in Cancun
- 20 minutes from the Hotel Zone and 30 minutes from the beautiful beaches
- Asking Price: $101,000
| GROSS RENTAL YIELD | 15.94% |
| ANNUAL REVENUE | $16,103 |
| CASH ON CASH RETURN | 22.06% |
5. 4-Bedroom Property for Sale in Cancun
- Close to supermarkets, restaurants, prestigious schools and avenues connecting with Downtown and the Mayan Riviera
- Asking Price: $160,000
| GROSS RENTAL YIELD | 26.76% |
| ANNUAL REVENUE | $42,816 |
| CASH ON CASH RETURN | 54.51% |
Conclusion
Cancun is generally a great place to live and invest in Airbnb property as one of the top touristic places in Mexico as well as the safest city. The data points mentioned in this article for Cancun such as Airbnb occupancy rates, annual revenue, and average daily rate should be your primary basis before investing in a property.
To make sure that a property can generate a good cash flow, the right neighborhood should be studied and potential revenue should be calculated using an Airbnb income calculator. This is certainly what you need for success in the long run and to stand out among your competitors!
