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Rental yield in Santa Marta, by neighborhood
Buying an apartment to rent out in Santa Marta yields about 5.8% gross a year: a square meter rents for COP 40,000 a month and sells for COP 8,230,000 (roughly 17 years of rent to pay the price). Highest yields: Rodadero (7.0%), Don Jaca (6.9%), Gaira (6.6%); lowest: Centro (5.8%), Urbanizacion Salguero (6.0%), Playa Salguero (6.0%).
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 |
|---|---|---|---|
| Rodadero | 7.0% | COP 33,300 | COP 5,710,000 |
| Don Jaca | 6.9% | COP 53,300 | COP 9,280,000 |
| Gaira | 6.6% | COP 38,700 | COP 7,050,000 |
| Rodadero Sur | 6.5% | COP 38,100 | COP 7,040,000 |
| Bello Horizonte | 6.5% | COP 54,900 | COP 10,200,000 |
| Bavaria | 6.4% | COP 22,500 | COP 4,220,000 |
| Bellavista | 6.3% | COP 36,900 | COP 7,050,000 |
| Pozos Colorados | 6.1% | COP 52,400 | COP 10,230,000 |
| Playa Salguero | 6.0% | COP 49,100 | COP 9,820,000 |
| Urbanizacion Salguero | 6.0% | COP 47,900 | COP 9,600,000 |
| Centro | 5.8% | COP 29,200 | COP 6,050,000 |
FAQ
What is the rental yield in Santa Marta?
Buying an apartment to rent out in Santa Marta yields about 5.8% gross a year: a square meter rents for COP 40,000 a month and sells for COP 8,230,000 (roughly 17 years of rent to pay the price). Highest yields: Rodadero (7.0%), Don Jaca (6.9%), Gaira (6.6%); lowest: Centro (5.8%), Urbanizacion Salguero (6.0%), Playa Salguero (6.0%). Gross, with asking prices: before building fees, property tax, vacancy and taxes. Not investment advice.