Wazua
»
Investor
»
Property
»
Low End Housing: High Risk, High Return
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
Sofa set itatosea hiyo mlango kweli?
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
|
hardwood wrote:Sofa set itatosea hiyo mlango kweli? LOL. Huwa unaweka sofaset kwa balcony?
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 5/5/2011 Posts: 1,059
|
What's the definition of low class? I just met a Mombasa guy with 28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million. each house has 10 small one bedroom going for 8,000 each including water, so each house income per month is ksh. 80,000/- all 28 houses is ksh. 2,240,000 assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant. well.... To Each His Own
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
|
kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 2/16/2007 Posts: 2,114
|
Itatosea ikisimamiswa.  .I stand collected though.. hardwood wrote:Sofa set itatosea hiyo mlango kweli?
|
|
|
Rank: Member You have been a member since:: 12/1/2007 Posts: 539 Location: Nakuru
|
obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) For investors as a whole, returns decrease as motion increases ~ WB
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
|
winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 7/27/2014 Posts: 560 Location: Eastlando
|
obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya.
|
|
|
Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
|
Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. You can't compare Kenya with a shithole country in Europe If Obiero did it, Who Am I?
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Roysambu: 40x80 - 14m Construction 6x1bdrm x 6 floors = 36 units Construction cost = 40m Total = 54m Income per month = @22k x 36 units = 792k ROI 17.6%
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Hii ndio ujinga iko Kenya. I advice you not to buy those "points" (30 by 60 plots) being hawked everywhere in the mavi stinking slums of Nairobi(Kasarani, mwiki huko kwote ni slums). Ni wizi tupu na hujuma kwa wananchi.Kids living in these flats are dying daily of pneumonia and other diseases associated with simple stuff like lack of sunshine(vitamin D). Yes, i intend to build rentals one day but will not be part of the collective Kenyan mediocrity and greed of building 10 bedsitters on one floor. Juzi a senior colleague was trying to explain to me over a drink his vision of building 20 (14 by 14 ft) one bedroom units on his 33 by 66 plot....sasa kama hii si hujuma, hujuma ni nini? Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
Serikali ya Jubilee should break ground on those houses they keep singing about soonest to tame this greed Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
|
hardwood wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Roysambu: 40x80 - 14m Construction 6x1bdrm x 6 floors = 36 units Construction cost = 40m Total = 54m Income per month = @22k x 36 units = 792k ROI 17.6% 1 bedroom in Roysa commands that kind of rent??
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 4/1/2009 Posts: 1,883
|
obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! on location, should advise him to do what you have done - venture into the counties. vast opportunities for those who think smart there.
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
obiero wrote:hardwood wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Roysambu: 40x80 - 14m Construction 6x1bdrm x 6 floors = 36 units Construction cost = 40m Total = 54m Income per month = @22k x 36 units = 792k ROI 17.6% 1 bedroom in Roysa commands that kind of rent?? Yap. 2bdr is 26k.
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
hardwood wrote:obiero wrote:hardwood wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Roysambu: 40x80 - 14m Construction 6x1bdrm x 6 floors = 36 units Construction cost = 40m Total = 54m Income per month = @22k x 36 units = 792k ROI 17.6% 1 bedroom in Roysa commands that kind of rent?? Yap. 2bdr is 26k. Meanwhile 3brm at Nyayo embakasi is 25k.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
|
hardwood wrote:hardwood wrote:obiero wrote:hardwood wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Roysambu: 40x80 - 14m Construction 6x1bdrm x 6 floors = 36 units Construction cost = 40m Total = 54m Income per month = @22k x 36 units = 792k ROI 17.6% 1 bedroom in Roysa commands that kind of rent?? Yap. 2bdr is 26k. Meanwhile 3brm at Nyayo embakasi is 25k. Oh. Really? That's odd.. I must be lucky then as my tenants at Nyayo pay KES 36,000 exclusive of service charge
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 7/27/2014 Posts: 560 Location: Eastlando
|
Swenani wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. You can't compare Kenya with a shithole country in Europe I have realised that albeit too late . @Swenani, do you know of anyoned selling land in Masaku?
|
|
|
Rank: New-farer Joined: 2/26/2018 Posts: 17
|
hardwood wrote:obiero wrote:hardwood wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. Roysambu: 40x80 - 14m Construction 6x1bdrm x 6 floors = 36 units Construction cost = 40m Total = 54m Income per month = @22k x 36 units = 792k ROI 17.6% 1 bedroom in Roysa commands that kind of rent?? Yap. 2bdr is 26k. This is true. In 2013 rents for a one bedroom there used to go for 18K. The person I know moved in there before TRM and I guess by now 5 years down the line it should be there.
|
|
|
Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
|
Fullykenyan wrote:Swenani wrote:Fullykenyan wrote:obiero wrote:winmak wrote:obiero wrote:kayhara wrote:What's the definition of low class? I just met a Mombasa guy with
28 Swahili houses, he tells me each cost him an average of 3.5 million to build including a borehole for each. so that's about 98 million.
each house has 10 small one bedroom going for 8,000 each including water,
so each house income per month is ksh. 80,000/-
all 28 houses is ksh. 2,240,000
assuming he built them all in one year? (he built over 5 years) it will take him only 3.5 years to recoup his investments, that's assuming the rent is constant.
well.... Low end refers to the target market not the landlord.. There are 4 different seven storied bedsitter units in Pipeline with 10 houses per floor owned by the immediate former Governor that earn him an average of KES 2,380,000 monthly from rent of KES 8,500 per flat Wow, now I didn't know he had interests in such.. Now @Obiero, I am prospecting, I want an 8th in areas of Kasarani or such like neighborhoods to build a rental flat in the next 3 years. How much do the high traffic areas go for? and would you advice me to go for this area or are there other lucrative areas? (I had been adviced on Kinoo , Gachie... but I fear those areas) @winmak last I checked, from Sunton, Clayworks, Seasons going to main centre at Kasarani you will need KES 8,500,000 for a plain 1/8 acre. Mwiki headed down to Kangundo road budget for KES 3,500,000 to KES 6,000,000 Kitengela there is no land for sale from 1st to 3rd row all the way upto Yukos. Fourth row is available at KES 5,500,000, but being a victim of an intricate land fraud in the county dating back to 2009, I will not lead anyone to invest in the area. Im still in court! These prices are equivalent to the price of land in Germany, where you have all the roads tarmacked, electricity and water on site. Something is wrong in kenya. You can't compare Kenya with a shithole country in Europe I have realised that albeit too late . @Swenani, do you know of anyoned selling land in Masaku? No, but if you can consider my unsolicited advice and if you are buying for long term, my opinion is that you consider some of these counties; Isiolo(Isiolo town), Uasin Gishu(Eldoret town),Lamu(Lamu Town) Busia(Busia Town) and Bungoma(Bungoma and/or Malaba town). These towns will not be the same in the next 10-15 years especially if SGR and lapset projects are realized If Obiero did it, Who Am I?
|
|
|
Wazua
»
Investor
»
Property
»
Low End Housing: High Risk, High Return
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|