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2 bedroom apartment in Riruta

Riruta

Apartment

Under Construction

Description

The project is conveniently located 100m away from the Kikuyu / Naivasha Road Junction. It is uniquely designed to provide an investment opportunity in affordable housing through provision of very flexible 2 & 5-Year Payment plans. Spanning over 7 acres and centred around a green park, it is planned to be Rirutas Only Urban Oasis.

2br

2

61M2

Completion Date

Expected completion date: 27 Sep 2025

Cash Payment Details

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Cash Price:

Kshs 6,300,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (Kshs 422, 100)

Installment Payment Details

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Installment Price:

Kshs 6,300,000

Installment Payment Plan:

10 % upon signing of offer letter, 10 % upon signing of sale agreement, balance structured in installments over a period of 2 or 5 years & additional 6.7 % of the sale price as closing cost (Kshs 422,100)

Home Loan Payment Details

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Home Loan Price:

Kshs 6,930,000

Deposit Percentage(%):

25%

Deposit Amount:

Kshs 1,732,500

5yr Repayment Options:

Kshs 109,158

10yr Repayment Options:

Kshs 67,255

15yr Repayment Options:

Kshs 54,274

Mortgage Payment Plan:

Approx:25 % deposit, 75 % 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 464,310)

Investment Profile
Expected Rent:

Kshs 40,000

Rental Yield(%):

7.62%

Payback Period(years):

13 Years

Service Charge(pm):

Kshs 4,800

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

Ample parking

Backup generator

Sports facilities

24 hour security

Park

Other Details
No. of Apartments:

1100

Company

+254 743 466209 / +254 757 488833

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