Property Market Analysis

Goals

To find comparable properties of equal size and value to a target property in 9 Calle Ponte Veccio Córcega (Rincon, Puerto Rico, US — 00677), that are 3-5 miles radius within Rincon and Stella, to see how much they are sold for and what they rent for (on Airbnb and on month-to-month basis).

Early Findings

  • Research through property listing sites, including Realtor, Point2Homes, and Zillow showed no listed property that completely meets the features of the target property in 9 Calle Ponte Veccio Córcega (Rincon, Puerto Rico, US — 00677).
  • On Realtor, a single family home located in 9 Calle Ponte Russo, Rincon, PR; built in 2006 with 3 beds, 3.5 baths, 2,200 sq ft, and 8,276 sq ft lot, sells at $359,000.
  • On Point2Homes, a single family property located in 2 BO. CRUCES CARR 414 KM 3.2 INT AGUADA, within 5 miles of Rincon and with features such as 2,172 Sq ft, 0.024 ac lot size, 3 bedrooms and bathrooms, and built in 2007, sells for $242,000.
  • On Zillow, a property — Penthouse Los Almendros with Ocean View, in Rincon, Rincon Municipality, PR 00677 — with features that include 2 bedrooms, 2 full baths, over 1640 sq ft of living space and has a bright, and open split floor plan, rents at $1,600 per month.
  • Generally, there appears to be not many properties that are listed for rent in Rincon and Stella, as most listed properties are for sale.

Proposed next steps:

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