🇨🇴 Cartagena, Colombia · Under review
Bocagrande Ocean Residences
Condo-hotel · 2 bed · 2 bath · 88 m² · Condo-hotel programme by Bocagrande Resort Operations
Purchase price
$224K
Est. ADR
$148
Est. occupancy
64%
Est. cash yield
6.2%
LullaScore
out of 100
Weighted across eight factors. Screening tool built on demo estimates — not investment advice.
Highlights
- —Beachfront tower
- —Hotel-grade amenity base
- —Established rental programme
AI Investment Analysis
Demo analysisThis property scores 77/100 on the LullaScore framework. It demonstrates attractive hospitality fundamentals in Cartagena, Colombia, led by tourism demand and revenue potential, with condo-hotel programme already in place through Bocagrande Resort Operations. Primary risks to monitor are acquisition value and currency risk. This is an illustrative analysis of demo data and is not investment advice.
Estimated nightly rate and demand strength relative to acquisition basis.
Estimated price per square metre against comparable inventory in the market.
Estimated visitor volume, seasonality spread and length-of-stay patterns.
Local short-term rental rules, licensing friction and building-level permissions.
Availability and depth of professional onsite or local management.
Exposure to local currency movement and repatriation friction.
Estimated ease and timeline of a future resale in the local market.
Contribution to geographic and demand-driver diversification.
Financial underwriting
Live underwriting model
Adjust any input and every figure, chart and scenario below recalculates.
Assumptions
Acquisition
- Purchase price
- $224,000
- Closing costs (4.5%)
- $10,080
- Furniture / setup
- $14,960
- Total acquisition cost
- $249,040
Revenue
- ADR
- $148
- Occupancy
- 64%
- Available nights
- 340
- Booked nights
- 218
- Est. annual gross revenue
- $32,205
Operating expenses
- Management fee
- $7,085
- Platform / booking fees
- $1,127
- HOA
- $2,880
- Utilities
- $1,584
- Maintenance reserve
- $1,610
- Insurance
- $1,344
- Property taxes
- $1,232
- Total operating expenses
- $16,862
Estimated NOI
$15,342
NOI margin
47.6%
Est. cap rate
6.8%
Est. cash yield
6.2%
Scenarios
| Case | Gross revenue | NOI | Cap rate | Cash yield |
|---|---|---|---|---|
| Downside case | $25,459 | $10,463 | 4.7% | 4.2% |
| Base case | $32,205 | $15,342 | 6.8% | 6.2% |
| Upside case | $39,734 | $20,873 | 9.3% | 8.4% |
Monthly revenue vs expenses
5-year projected cash flow
| Year 1 | $32,205 | $15,342 | 6.2% |
| Year 2 | $33,332 | $15,997 | 6.4% |
| Year 3 | $34,499 | $16,679 | 6.7% |
| Year 4 | $35,706 | $17,387 | 7.0% |
| Year 5 | $36,956 | $18,124 | 7.3% |
LullaStay is currently a demonstration platform. Information presented on this website is for informational purposes only and does not constitute an offer to sell or solicitation to purchase securities. Investment projections and property data displayed in the MVP may contain illustrative or simulated information.
Market context
🇨🇴 Cartagena, Colombia
A UNESCO walled city with genuine scarcity value and the highest leisure rates in the demo set, balanced by pronounced seasonality.