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Rental yield in Cartagena, by neighborhood
Buying an apartment to rent out in Cartagena yields about 6.3% gross a year: a square meter rents for COP 40,500 a month and sells for COP 7,690,000 (roughly 16 years of rent to pay the price). Highest yields: Pie De La Popa (9.5%), Ternera (9.4%), Manga (8.1%); lowest: Manzanillo (3.9%), Bocagrande (5.0%), La Boquilla (5.1%).
Rent per m² × 12 ÷ sale price per m², medians of today's listings, unfurnished apartments of 40 to 200 m² on both sides. Not investment advice.
| Neighborhood | Gross yield | Rent / m² / mo | Sale / m² |
|---|---|---|---|
| Pie De La Popa | 9.5% | COP 30,900 | COP 3,900,000 |
| Ternera | 9.4% | COP 29,800 | COP 3,800,000 |
| Manga | 8.1% | COP 41,900 | COP 6,180,000 |
| Torices | 8.1% | COP 41,700 | COP 6,160,000 |
| Crespo | 7.1% | COP 40,900 | COP 6,920,000 |
| Santa Lucia | 7.0% | COP 38,700 | COP 6,600,000 |
| Marbella | 6.5% | COP 37,800 | COP 7,010,000 |
| Cielo Mar | 6.5% | COP 44,000 | COP 8,180,000 |
| El Laguito | 6.3% | COP 43,800 | COP 8,280,000 |
| Serena Del Mar | 6.2% | COP 41,800 | COP 8,130,000 |
| Castillogrande | 6.1% | COP 51,000 | COP 10,000,000 |
| Cartagena De Indias | 5.7% | COP 37,100 | COP 7,880,000 |
| El Cabrero | 5.6% | COP 39,700 | COP 8,510,000 |
| El Centro | 5.4% | COP 74,100 | COP 16,350,000 |
| La Boquilla | 5.1% | COP 44,100 | COP 10,320,000 |
| Bocagrande | 5.0% | COP 41,300 | COP 10,000,000 |
| Manzanillo | 3.9% | COP 40,000 | COP 12,440,000 |
FAQ
What is the rental yield in Cartagena?
Buying an apartment to rent out in Cartagena yields about 6.3% gross a year: a square meter rents for COP 40,500 a month and sells for COP 7,690,000 (roughly 16 years of rent to pay the price). Highest yields: Pie De La Popa (9.5%), Ternera (9.4%), Manga (8.1%); lowest: Manzanillo (3.9%), Bocagrande (5.0%), La Boquilla (5.1%). Gross, with asking prices: before building fees, property tax, vacancy and taxes. Not investment advice.