The location cannot be beaten, a block away from Ipaneme beach and the main metro line to the centre of Rio. There are lots of nice restaurants, bars and shops about. We felt very safe here.

Our host Neto and his maid were fine but a bit too particular about certain things; which towels/sponges to use, turning off lights. For example, he reprimanded my girlfriend for using the wrong towels in an impolite manner. Another night when we returned from dinner he appeared quite drunk and the whole situation was a little awkward.
There's a cuckoo clock that goes off every hour so if you're a light sleeper bring ear plugs!
In summary, the room is cheaper than a hostel with great location.