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Rental yield in Cartagena De Indias, by neighborhood
Buying an apartment to rent out in Cartagena De Indias yields about 5.8% gross a year: a square meter rents for COP 39,700 a month and sells for COP 8,190,000 (roughly 17 years of rent to pay the price). Highest yields: Pie De La Popa (9.5%), Ternera (8.8%), Manga (8.0%); lowest: Manzanillo (3.7%), Manzanillo Del Mar (4.3%), Bocagrande (4.7%).
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 31,200 | COP 3,930,000 |
| Ternera | 8.8% | COP 26,700 | COP 3,650,000 |
| Manga | 8.0% | COP 42,200 | COP 6,310,000 |
| Torices | 7.6% | COP 40,300 | COP 6,340,000 |
| Alto Bosque | 7.1% | COP 23,100 | COP 3,900,000 |
| Cielo Mar | 6.9% | COP 48,400 | COP 8,380,000 |
| Marbella | 6.7% | COP 37,800 | COP 6,770,000 |
| Crespo | 6.7% | COP 38,100 | COP 6,850,000 |
| Serena Del Mar | 6.3% | COP 42,500 | COP 8,030,000 |
| Cabrero | 6.2% | COP 43,200 | COP 8,330,000 |
| Castillogrande | 6.1% | COP 51,000 | COP 10,040,000 |
| El Cabrero | 5.8% | COP 39,300 | COP 8,150,000 |
| La Boquilla | 5.7% | COP 49,300 | COP 10,290,000 |
| Zona Norte | 5.3% | COP 37,600 | COP 8,530,000 |
| Bocagrande | 4.7% | COP 43,100 | COP 10,920,000 |
| Manzanillo Del Mar | 4.3% | COP 41,300 | COP 11,570,000 |
| Manzanillo | 3.7% | COP 38,600 | COP 12,500,000 |
FAQ
What is the rental yield in Cartagena De Indias?
Buying an apartment to rent out in Cartagena De Indias yields about 5.8% gross a year: a square meter rents for COP 39,700 a month and sells for COP 8,190,000 (roughly 17 years of rent to pay the price). Highest yields: Pie De La Popa (9.5%), Ternera (8.8%), Manga (8.0%); lowest: Manzanillo (3.7%), Manzanillo Del Mar (4.3%), Bocagrande (4.7%). Gross, with asking prices: before building fees, property tax, vacancy and taxes. Not investment advice.