What do you guys think of the housing project by Urithi in Juja, where by you get to own a bed sitter for 500Gs, is it a good investment?
Rent will be 2,500 pm and 30k per year. ROI is 17years!!! Bad investment for me.
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If you buy it now and lease it at 5k pm your ROI will be 8.3 years, @Okiya with the NIBS and various other colleges coming up around Juja bedsitters zimepanda arnd JUJA you cant get one with 2500, unless ya mabati
kumbe pesa ya @Guru iko juja?
How did @a4architect Own a Room in Kikuyu project go?
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hehe it has gone down to 500Gs from 800Gs hahaha. Hao watu wamekaukiwa sana…and still nobody will buy them. I have personally seen them and the design is pathetic. I have seen better bed sitters!
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Wish @a4architect could comment on this, I almost joined his project about a year ago. How did it go @a4architect?
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and have I not heard something negative about urithi today?way back in '09 we us d to pay 3000 per room
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With 500 k, you can buy a plot of land in mathare, invest another 500k in building 20mabati shanties and collect 50k per month. Hiyo ingine ni utapeli
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Ten months ROI
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there’s an accommodation problem in juja bedsitter s are guin for 8k
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Wapi @Guru atueleze hii maneno vizuri
It sounds good on paper but implementing and running such a such a project will give you migraines. Think of the sleazy land brokers in Mathare, mungiki extortions, tenants who’s only assets ni a one inch mattress mwenye end month anakabeba akiendanga…
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@Okiya is postulating that rent for a studio in Juja is 2,500/-? Same as @uncle nyam 's mabati shanty in Mathare?
There’s a calculation most people don’t factor in when doing ROI’s in real estate. Capital appreciation. First of, if rent in Juja is 5k a month, at 60k a year for a unit you bought at 500k, that’s a yield of 12%. Average rental yield in Nairobi is 5%. Capital appreciation of that same unit will be about 18%. So, your investment grows by about 30% per year. Any developer worth his mettle will tell you such numbers are God sent…
The cheapest bed sitters in Juja go for 5K. Bed sitters that are well-built can go up to 7-8K. That’s a good investment for young guys below the age of 30. @Web Dev instead of wasting all your money on women and alcohol, target this as your first investment.
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Where exactly in Juja are they?
not exactly in Juja town…but somewhere along thika road…somewhere near Kenyatta Road
Acha ikae basi. I thought they are near JKUAT