Kiambu Governor-Kimani Wamatangi launched Kikuyu level 4 hospital earlier today. This is the sixth hospital he has built in Kiambu within 3 years. Meanwhile in Luo Nyanza the governors are busy dancing Ajawa and complaining about marginalization awuoro!.
Imagine umepewa KSh 55M leo uweke investment.
Ungebuild hizi flats ama uweke pesa yote kwa MMF? 👀
Hii project iko na:
10 × 2-bedroom @ 28K = 280K
1 × 1-bedroom @ 20K = 20K
7 × bedsitters @ 12K = 84K
Minimart = 20K
3 shops = 27K
Total rent: KSh 431K per month.
That’s about KSh 5.17M per year.
On a KSh 55M investment, hiyo ni roughly 9.4% gross rental yield.
Sasa compare na MMF:
10% = KSh 5.5M a year
12% = KSh 6.6M a year
MMF iko na advantage moja kubwa: liquidity.
Hakuna tenant anakupigia saa 11 usiku kusema shower imeharibika. 😂
But property nayo iko na:
🏢 Physical asset
📈 Potential capital appreciation
💰 Potential rent increases
💧 Water/internet income
🏦 Potential collateral for future financing
Lakini usisahau upande mwingine wa story.
Hiyo KSh 5.17M si profit.
Uko na vacants, maintenance, rates, taxes, insurance, management, repairs na periods ambazo nyumba zitakaa empty.
So kama ni wewe:
KSh 55M kwa apartments 🏢
AMA
KSh 55M kwa MMF 💰
Which one are you taking?
And most importantly, why?
Tangu nione nyumba unaishi Nairobi ile siku maziwa iliharibika, I accepted that these kind of gigs do not pay well and given that you're almost 50 and doing gigs za comrades kutoka block ni ngumu.
@IamDennisOtieno Just spend a day at a mjengo site, you will realize how detached you are. Lots of transactions occur at a site - MOST if not all not involving a bank account. Materials procurement, transportation payments, fundis labor wages settlements, mama wa uji, site cleaners and so on.
The ultimate unboxing! 📦 4,000 entries, 2 winning concepts and 1 unique livery later: our first #A350F has rolled out the paintshop.
Congratulations to the winners and #TeamAirbus who brought this milestone to life.
Next stop for the #NewGenFreighter: First Flight! ✈️
Homabay was one of the counties @AfUncensored focused on as we deepen our data on corruption in the counties. Not a pretty picture: https://t.co/Gq7YbvvFlK
I don’t think we have witnessed anything like this in Kenyan politics before.
Edwin Sifuna is setting a new precedent in Lumakanda, Kakamega.
Residents are literally seen begging to make donations to support his campaign.
Larry was the first to show Ile video ya the late Eric Shieni.
We shall never forget Larry Madowo.
Anacheka Na murderers wake. And hio time alikua anashed tears.