Kirika wrote:
The estate is simply well managed and maintained. However the selling price of Ksh 6.1M makes it very un-attractive for those buying to rent.
The rent is Ksh 22,000 p.m which makes it have a payback perid of 23 Years and an annual return of 4%.
Clearly, NSSF have outsold the houses. I think they are attractive for tenants only not for rental income.
What is the fair value of the units?
They were going for about 5.2 in the last phase.
About the rent, I think its likely to go up when that road is completed.