Cap Rate in Córdoba 2025: Analysis by Neighborhood and City

Back to blog

We calculated the real dollar returns for the main neighborhoods in Córdoba. Nueva Córdoba, General Paz, Villa María and more.

What is the cap rate and why does it matter?

The cap rate (capitalization rate) is the most widely used metric for measuring real estate investment returns. It's calculated by dividing the annual net income by the purchase price of the property.

A cap rate of 6% means you recover your investment in approximately 16-17 years, assuming the property's value stays constant. In practice, if the property appreciates, the total return is even higher.

Cap Rates in Córdoba Capital (2025)

Neighborhood	Price/m²	2-bed rent/month	Estimated cap rate
Nueva Córdoba	USD 1,400	$350,000 ARS	4.5%
Güemes	USD 1,100	$280,000 ARS	5.2%
General Paz	USD 1,200	$300,000 ARS	5.0%
Palermo Norte	USD 950	$240,000 ARS	5.5%
Alto Verde	USD 800	$200,000 ARS	6.0%

Note: rents are in ARS. Cap rate is calculated converting to USD at the official exchange rate + 15% margin.

Villa María: The Interior Market Surprise

Villa María offers the best cap rates in the province for investors looking at emerging markets:

Centro: 6.5% cap rate — high university demand (UNVM)

Norte: 6.8% cap rate — growing family residential area

City average: 6.7% vs 5% in Córdoba Capital

The gap is explained by more accessible prices combined with rents that don't fall proportionally, driven by strong student demand.

Villa Carlos Paz: Tourism-Driven Yields

Córdoba's top vacation destination follows its own logic:

Annual rental: 5.5-6% cap rate

Vacation/tourist rental (Airbnb/Booking): 7-9% cap rate

The key is active short-term rental management

Conclusion: Where to Invest Based on Your Profile

Conservative investor (low management): Córdoba Capital, Nueva Córdoba — permanent demand, near-zero vacancy

Active investor (higher return): Villa María Centro or Villa Carlos Paz — more management, more returns

Speculative (appreciation): Güemes and Alberdi in Córdoba — neighborhoods undergoing gentrification