Every serious investor looks for a better way to maximise his earnings.
At Asgaf Homes Realty, we plan a better ways to get you a higher investment portfolio in Real Estate industry. From our promises ... We are bringing to you another opportunity to get a higher value for your money... Continue to read.... We have approximately 1900sqm of land space in a mixed area of ibeju Lekki, Oribanwa precisely. There lies a fully fenced land with gate (a rare opportunity in that area) We have being given a mandate to sell the whole plot for 20million naira net and the land is gazetted by tittle. I stay in the area and I know how properties move within a twinkle of an eye. Let's do a little math... First Case
*Maximum units* 30 flats Average cost of building 2 - 3.5million Total cost of building: (building cost X units) + land value *(3.5million x 30 flats) + 20million = 130,000,000* *Sales consideration:* if we sell each unit as low as 7million naira, we will be having *#210,000,000* with profit of *#80,000,000* *Rent consideration* The average rent for 1bedroom flat is 400,000 *Annual income* 400,000 X 30flats = #12,000,000 per annum . meaning that you will recoup your investment within 10years *Second Case*
If you are building a 3bedroom flat *Average cost of building* 3million - 5million *Maximum units* 18 flats *Total cost of building* (building cost X units) + land value *(5million x 18flats) + 20million = 110,000,000* *Sales consideration:* if we sell each unit as low as 14million naira, we will be having *#252,000,000* with profit of *#142,000,000* *Rent consideration* The average rent for 2bedroom flat is 600,000 *Annual income* 600,000 X 18flats = #10,800,000 per annum . meaning that you will recoup your investment within 10years Third Case
If you are building a 3bedroom flat *Average cost of building* 5 - 7million *Maximum units* 12 *Total cost of building* (building cost X units) + land value *(7million x 12flats) + 20million = 104,000,000* *Sales consideration:* if we sell each unit as low as 15million naira, we will be having *#180,000,000* with profit of *#76,000,000* *Rent consideration* The average rent for 3bedroom flat is 700,000 *Annual income* 700,000 X 12flats = #8,400,000 per annum . meaning that you will recoup your investment within 12years. Let's deduct a miscellaneous of 5million from each calculations... By now, you should be thinking of whether to buy the idea or to let go... Anyways 🤷♂ the choice is actually yours. I will be waiting for you to call me for inspection @09098628043 or email at info@asgafhomes.com #asgafhomes ... your home solution LLC Don't forget to share with your contacts... Cheers 🥂