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A block of flats for sale in kasarani
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bartum
#11 Posted : Tuesday, October 11, 2011 8:10:09 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@wanyuru how did you get the 200k per month, 3.3m per year and 9.6mio per year. Iam waiting for the answer
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wanyuru
#12 Posted : Wednesday, October 12, 2011 8:28:11 AM
Rank: Veteran

Joined: 11/29/2007
Posts: 948
bartum wrote:
@wanyuru how did you get the 200k per month, 3.3m per year and 9.6mio per year. Iam waiting for the answer


The bond is being sold at a discounted price of 83.353 for every 100....do the math.

Interest income: 12% of 20mn per year=2.4mn thats 200k per month, right?

read my post again...i said 9.6mio in four yearssmile
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  | | Edit by user: Wednesday, October 12, 2011 8:31 AM | Reason: Not specified
jaggernaut
#13 Posted : Wednesday, October 12, 2011 8:56:25 AM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
Does this also mean that it doesn't make any economic sense to buy a house in Runda or Karen at Ksh 45 million (as they are currently being sold) and rent out the property at 250k a month (current rent)?
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  | | Edit by user: Wednesday, October 12, 2011 9:55 AM | Reason: Not specified
bartum
#14 Posted : Wednesday, October 12, 2011 11:25:42 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
@wanyuru thanks a million. Now during good economic times like early 2007,what is the value of the discounted price for every 100.
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Gathige
#15 Posted : Wednesday, October 12, 2011 12:54:29 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
jaggernaut wrote:
Does this also mean that it doesn't make any economic sense to buy a house in Runda or Karen at Ksh 45 million (as they are currently being sold) and rent out the property at 250k a month (current rent)?



@ Jaggernaut,

It all depends of many factors. If you borrow the 45M and invested in such a property to rent, the cost of money ( read interest) would be higher that the returns, of course excluding future value appreciation. Such properties are ideal to buy and live in them as part of self-actualization!

"Things that matter most must never be at the mercy of things that matter least." Goethe
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chemos
#16 Posted : Wednesday, October 12, 2011 1:32:14 PM
Rank: Elder

Joined: 11/28/2006
Posts: 1,799
Gathige wrote:
jaggernaut wrote:
Does this also mean that it doesn't make any economic sense to buy a house in Runda or Karen at Ksh 45 million (as they are currently being sold) and rent out the property at 250k a month (current rent)?



@ Jaggernaut,

It all depends of many factors. If you borrow the 45M and invested in such a property to rent, the cost of money ( read interest) would be higher that the returns, of course excluding future value appreciation. Such properties are ideal to buy and live in them as part of self-actualization!



Applause Applause i see no other reason why people buy such houses
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african coloner
#17 Posted : Wednesday, October 12, 2011 2:46:12 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
bartum wrote:
@wanyuru thanks a million. Now during good economic times like early 2007,what is the value of the discounted price for every 100.


the house got alot of potential to even double
the rent
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