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Rental yield in Manizales, by neighborhood
Buying an apartment to rent out in Manizales yields about 6.0% gross a year: a square meter rents for COP 28,700 a month and sells for COP 5,690,000 (roughly 17 years of rent to pay the price). Highest yields: Palermo (8.0%), Los Laureles (7.7%), La Sultana (6.9%); lowest: Milan (3.7%), Chipre (4.4%), La Francia (5.5%).
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 |
|---|---|---|---|
| Palermo | 8.0% | COP 33,200 | COP 5,000,000 |
| Los Laureles | 7.7% | COP 39,100 | COP 6,120,000 |
| La Sultana | 6.9% | COP 35,800 | COP 6,200,000 |
| Cerro De Oro | 6.6% | COP 44,300 | COP 8,110,000 |
| Baja Suiza | 6.3% | COP 37,300 | COP 7,140,000 |
| Avenida Santander | 5.7% | COP 29,100 | COP 6,090,000 |
| La Francia | 5.5% | COP 27,300 | COP 6,000,000 |
| Chipre | 4.4% | COP 20,800 | COP 5,680,000 |
| Milan | 3.7% | COP 21,900 | COP 7,040,000 |
FAQ
What is the rental yield in Manizales?
Buying an apartment to rent out in Manizales yields about 6.0% gross a year: a square meter rents for COP 28,700 a month and sells for COP 5,690,000 (roughly 17 years of rent to pay the price). Highest yields: Palermo (8.0%), Los Laureles (7.7%), La Sultana (6.9%); lowest: Milan (3.7%), Chipre (4.4%), La Francia (5.5%). Gross, with asking prices: before building fees, property tax, vacancy and taxes. Not investment advice.