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4 family (3 bed/2bath) flat budget Ksh. 5m
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stocksmaster
#41 Posted : Tuesday, May 07, 2013 3:34:37 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
Penny-Stocker wrote:
To all, like I said in my initial post, almost a year ago...it's never to early to start investing for your retirement! I'm only 29yrs and in about 4 months, I'll be collecting 120K from rent @30K per unit...on top of my 240K net salary (that's 360K)! Looking at putting up 6more units in a 5 years time, working for 5 more years after that....retirement at 40yrs! I'm loving this!


Good one........so about Ksh 6M invested for a Ksh 120K monthly return (Ksh 1.44M per year). Thats about a gross return of 24% p.a.....not bad!

You giving me ideas.

Happy hunting.
x handle: @stocksmaster79
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Angelica _ann
#42 Posted : Tuesday, May 07, 2013 3:52:25 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Congrats, that is determination. next time i am in Kisumo, i will holla!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lietmach
#43 Posted : Tuesday, May 07, 2013 4:01:04 PM
Rank: New-farer

Joined: 10/17/2012
Posts: 26
Location: Nairobi
Congrats Pennystocker... A job well done.

2 questions: when you calculate the cost per square metre, what does it come to? Your total figure is rather encouraging
And I have an 8th piece at Polyview (makaburini) and my friends advice that spacious 2 bedroom would earn between 15 - 20k. How is it that you anticipate 30k for your units located 15km away cf mine 4km from CBD
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wilyum
#44 Posted : Tuesday, May 07, 2013 4:22:10 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
@Penny-Stocker , weka email hapa kuan maswali. u mean 6M u can do 4 houses and they are 3 bed-room?


@a4architect, is this possible in nairobi?
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josimar
#45 Posted : Tuesday, May 07, 2013 4:25:50 PM
Rank: Member

Joined: 7/6/2010
Posts: 242
What was the size of Your plot pennystock ? Am impressed .
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a4architect.com
#46 Posted : Tuesday, May 07, 2013 4:42:12 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
wilyum wrote:
@Penny-Stocker , weka email hapa kuan maswali. u mean 6M u can do 4 houses and they are 3 bed-room?


@a4architect, is this possible in nairobi?


@Wilyum. The lowest lowest lowest cost possible for a very poorly finsihed building that can be decently rented out is kes 15k per m2. The smallest smallest smallest 2 bd house that you can decently rent out is 40m2. The unit will cost 40m2 x 15k =600k. With 6m, you can build 10 units. If you increase the size and quality , its possible to build 4 units with 6m.
As Iron Sharpens Iron, So one Man Sharpens Another.
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Penny-Stocker
#47 Posted : Tuesday, May 07, 2013 8:53:49 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
lietmach wrote:
Congrats Pennystocker... A job well done.

2 questions: when you calculate the cost per square metre, what does it come to? Your total figure is rather encouraging
And I have an 8th piece at Polyview (makaburini) and my friends advice that spacious 2 bedroom would earn between 15 - 20k. How is it that you anticipate 30k for your units located 15km away cf mine 4km from CBD



I can demand 30K/month because of the following:

1. Three spacious bedrooms (two bathrooms - master one en-suite), spacious living room and a separate dining!

2. Location is Mamboleo. Pretty safe area and very fast developing.

Below is my floor plan! First floor is identical to ground floor.




3. I have ample parking - talking of 6 cars!

I'm hoping to have this done by July and occupied by August - we'll see if I make the deadline!
“None but ourselves can free our minds.”
- Bob Marley
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Penny-Stocker
#48 Posted : Tuesday, May 07, 2013 8:56:49 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
josimar wrote:
What was the size of Your plot pennystock ? Am impressed .


0.16 Ha or 0.4 Acre.

Determination bro...will take you far!
“None but ourselves can free our minds.”
- Bob Marley
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Penny-Stocker
#49 Posted : Tuesday, May 07, 2013 8:59:23 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
wilyum wrote:
@Penny-Stocker , weka email hapa kuan maswali. u mean 6M u can do 4 houses and they are 3 bed-room?


@a4architect, is this possible in nairobi?


Yes, I'm at just under 5m at the moment 4.7something.
I am yet to tile the floors, build cabinets and interior doors, weka vyo and paint
“None but ourselves can free our minds.”
- Bob Marley
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Penny-Stocker
#50 Posted : Tuesday, May 07, 2013 9:05:54 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
Angelica _ann wrote:
Congrats, that is determination. next time i am in Kisumo, i will holla!


Sure, we can grab some tusker baridi!
“None but ourselves can free our minds.”
- Bob Marley
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