Appartment owner renter since 2009 . Here are my 2 cents . I bought in 2009 at 120 k a 87 sq mt place in Transismica . 10 % down , 30 years financed . 750 a month including maintenance . When I started renting it out in 2011 , it was a pain in the ass to find someone willing to pay that . I ended up being lucky after 3 months and renting it to someone for 850 a month . Still , in my building , people had several empty apartments for rent at any given time during the year . I ' ve been doing yearly leases since , always at a price more or less within the market . I ' ve done 850 , 800 , 900 and 850 again . So , after 5 years , A LOT of effort time money for the downpayment , it only gave me an average of 100 usd a month profit . I mean , I know 30 years down the line I ' ll have a paid apartment , but still . Now , things shifted A LOT this last year . Now , theres not a single apartment available in my building , and people are renting them for 1200 . I just renewed the lease and I made it for 1200 . The thing is , this is in large part due to the bunch of venezuelans renting apartments all over town . It will probably keep going up short term , but venezuela has an election in 2019 , and Maduro will probably lose , which could prompt half the venezuelans here to go back , causing a massive shortage of demand of appartments .