Luxury Investment: Turnkey Penthouse in Maria Tower 404, Cabo - $689K

Demonstrated on earnings data, if this penthouse condo in Maria Tower 404 is fully utilized 365 days a year, it could generate at least $41,336.25 USD annually. Over 20 years, with a 2% annual increase due to inflation, the total projected earnings would be around $1,004,916.56 USD. Here's why this makes it a smart long-term investment:

Investment Return: At a purchase price of $689,000, the initial investment would be recouped in about 16 years and 8 months just from the rental income ($689,000 / $41,336.25 ≈ 16.67 years), leaving over 3 years of additional income. This doesn't account for the condo's appreciation in value, which could significantly enhance the return on investment.

Property Appreciation: Real estate in prime locations like Cabo San Lucas typically appreciates over time. Assuming a conservative annual appreciation rate of 3% (which is common for desirable vacation destinations), the condo's value could increase:

- In 5 years: $689,000 * (1.03)^5 ≈ $804,862

- In 10 years: $689,000 * (1.03)^10 ≈ $933,406

- In 20 years: $689,000 * (1.03)^20 ≈ $1,261,928

Long-Term Benefits: Beyond the financials, owning a property in Maria Tower 404, Cabo San Lucas offers benefits like potential for capital gains upon resale, and a hedge against inflation. The property's status as an Airbnb Superhost with all five-star reviews adds to its investment allure by ensuring high occupancy and guest satisfaction, which are critical for consistent rental income.

In summary, purchasing this condo in Maria Tower 404 for $689,000 is a very smart investment due to its strong rental income potential, which could cover the cost within about 16 years and 8 months, and the significant appreciation expected over time, making it not only a source of income but also a valuable asset in the long run.