Studio apartment in 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 payment plans. Spanning over 7 acres and centred around a green park, it is planned to be Rirutas Only Urban Oasis.

studio

1

20M2

Completion Date

Expected completion date: 2025-09-28

Cash Payment Details

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Cash Price:

Kshs 1,980,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (KES 132,660)

Installment Payment Details

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Installment Price:

Kshs 1,980,000

Installment Payment Plan:

20 % deposit, balance structured in installments over a period of 2 years & additional 6.7 % of the sale price as closing cost (KES 132,660)

Mortgage Payment Details

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Mortgage Price:

Kshs 1,980,000

Deposit:

20%

Deposit Amount:

Kshs 396,000

5yr Repayment Options:

Kshs 33,267 p.m

10yr Repayment Options:

Kshs 20,497 p.m

15yr Repayment Options:

Kshs 16,541 p.m

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 (KES 132,660)

Investment Profile
Expected Rent:

Kshs 15,000

Rental Yield:

9.09%

Payback Period:

11.00 years

Service Charge:

Kshs 1,900 pm

Disclaimer:

The monthly mortgage 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

Company

+254 743 466209 / +254 757 488833

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