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A block of flats for sale in kasarani

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african coloner		#1 Posted : Monday, October 10, 2011 6:03:42 PM
Rank: Member Joined: 10/8/2010 Posts: 446 Location: london		There is block of flats for sale in kasarani in fully deveoped area, total income is 120k and price is 21m or onvo. all documents are ready, if interested hit back or leave details and will get back to you
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mlennyma		#2 Posted : Monday, October 10, 2011 9:20:20 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		If i had 21m i would not tie it for 120k monthly return,i have better ways to make atleast 500k with 21m monthly. "Don't let the fear of losing be greater than the excitement of winning."
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hisah		#3 Posted : Tuesday, October 11, 2011 7:30:25 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		mlennyma wrote: If i had 21m i would not tie it for 120k monthly return,i have better ways to make atleast 500k with 21m monthly. True. Some interesting math here, a 91 day t-bill @14.8% does pay more than 120k per month at the moment... Why hussle to buy the flat? At 21M with the current rental yield would take more than a decade to breakeven... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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sanity		#4 Posted : Tuesday, October 11, 2011 2:14:14 PM
Rank: Member Joined: 1/24/2011 Posts: 407 Location: Nairobi,Kenya		hisah wrote: mlennyma wrote: If i had 21m i would not tie it for 120k monthly return,i have better ways to make atleast 500k with 21m monthly. True. Some interesting math here, a 91 day t-bill @14.8% does pay more than 120k per month at the moment... Why hussle to buy the flat? At 21M with the current rental yield would take more than a decade to breakeven... @hisah,tafadhali nifafanulie hi mambo ya Tbill in simple language... Hope is not a strategy
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Thermostatic Investor		#5 Posted : Tuesday, October 11, 2011 2:21:50 PM
Rank: New-farer Joined: 8/18/2011 Posts: 44		Even at 7% return from a Money Market Fund yields a better monthly return - not forgetting there are no operational costs!
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trizher		#6 Posted : Tuesday, October 11, 2011 2:33:40 PM
Rank: New-farer Joined: 5/23/2010 Posts: 95 Location: Tikrit - IRAQ		sanity wrote: hisah wrote: mlennyma wrote: If i had 21m i would not tie it for 120k monthly return,i have better ways to make atleast 500k with 21m monthly. True. Some interesting math here, a 91 day t-bill @14.8% does pay more than 120k per month at the moment... Why hussle to buy the flat? At 21M with the current rental yield would take more than a decade to breakeven... @hisah,tafadhali nifafanulie hi mambo ya Tbill in simple language... Me too Senor' @hisah ...We do it for the $$$$!!
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hisah		#7 Posted : Tuesday, October 11, 2011 3:48:28 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Thermostatic Investor wrote: Even at 7% return from a Money Market Fund yields a better monthly return - not forgetting there are no operational costs! There is a lot of info on the CBK website. Opening a CBK CDS account - http://www.centralbank.g...rities/cdsaccounts.aspx All about T-Bills - http://www.centralbank.g...bills/Introduction.aspx Checking T-Bill auction results - http://www.centralbank.g...ills/manualresults.aspx $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Gathige		#8 Posted : Tuesday, October 11, 2011 4:46:19 PM
Rank: Elder Joined: 3/29/2011 Posts: 2,242		african coloner wrote: There is block of flats for sale in kasarani in fully deveoped area, total income is 120k and price is 21m or onvo. all documents are ready, if interested hit back or leave details and will get back to you Assuming a 75% occupancy rate,the return is a paltry 5% before the operational costs. It would take ages to recover the initial investment even after considering value of property appreciating. "Things that matter most must never be at the mercy of things that matter least." Goethe
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wanyuru		#9 Posted : Tuesday, October 11, 2011 4:50:00 PM
Rank: Veteran Joined: 11/29/2007 Posts: 948		hisah wrote: Thermostatic Investor wrote: Even at 7% return from a Money Market Fund yields a better monthly return - not forgetting there are no operational costs! There is a lot of info on the CBK website. Opening a CBK CDS account - http://www.centralbank.g...rities/cdsaccounts.aspx All about T-Bills - http://www.centralbank.g...bills/Introduction.aspx Checking T-Bill auction results - http://www.centralbank.g...ills/manualresults.aspx The current Infrastructure bond offer would also yield much higher returns and an attractive redemption schedule....20M would give a discount of Kes 3.3mn and coupon of 200k every month....how much will that have earned you in four years?...net interest income of 9.6 mio
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hisah		#10 Posted : Tuesday, October 11, 2011 6:15:31 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		@wanyuru - yes the infra bond has attractive returns. But I have a phobia of trusting the current central planners with my money for more than a year... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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