1 bedroom apartment in Riruta

Riruta

Apartment

Under Construction

Description

The development is located on Wanyee Road, off Naivasha Road, 5 minutes from Junction Mall in Dagoretti. It offers Studios, 1 & 2 bedroom apartments of various sizes. It shall span on 5.2 Acres of land. Construction starts with 2 blocks of phase 1. There is a special offer, of which the studio is going for KES 1.9 M with 100% cash payment.

1br

40M²

Completion Date

Expected completion date: 27 Feb 2026

Cash Payment Details

Cash Price:

Kshs 4,000,000

Cash Payment Plan:

100 % payment within 2 weeks & additional 6.7 % of the sale price as closing costs (Kshs 268,000)

Installment Payment Details

Installment Price:

Kshs 4,000,000

Installment Payment Plan:

20 % deposit, balance payable in installments spread out through the construction period & additional 6.7 % of the sale price as closing costs (Kshs 268,000)

Home Loan Payment Details

Home Loan Price:

Kshs 4,400,000

Deposit Percentage(%):

20%

Deposit Amount:

Kshs 880,000

5yr Repayment Options:

Kshs 73,927

10yr Repayment Options:

Kshs 45,548

15yr Repayment Options:

Kshs 36,757

Mortgage Payment Plan:

Approx:20% deposit, 80% balance paid upon completion by the financier. Home loan processing fees & closing cost at 4.5% of the sale price. Closing cost of the property at 6.7% of the sale price (Kshs 294,800)

Investment Profile

Expected Rent:

Kshs 30,000

Rental Yield(%):

9.0%

Payback Period(years):

11 Years

Service Charge(pm):

Kshs 3,500

Disclaimer:

The monthly home loan repayments are estimates and may vary depending on the financier.

Rental yields are estimates and may vary with time.

Amenities

Kid's Play Area

Borehole

Ample parking

Backup generator

CCTV

Lift

Close proximity to Junction Mall

Other Details

No. of Apartments:

2000