ESTATE FOR SALE IN BENIN CITY, EDO STATE NIGERIA – OGHEGHE OFF SAPELE ROAD

Great 👍

180miill😅. The owner must complete this project

Ok let do that maths;

Rents In that area is 300K for room and parlor. 

300K ×15 Flats = 4.5M

Maintenance 10%

Vacancy loss 10%

4.5M -20%( Maintenance Cost )=3.6M Net rents Per Year.

Purchase price=180,000,000.

ROI = 3,600,000÷180,000,000= 2% ROI on my 180M investment..lmao.

It's will take me 60yrs to get my money back,hence as rents increases, inflation increases,the house depreciates while only the Land appreciates in 60yrs time…lmao.😂😂

Aisosa Erim 

This is a voodoo investment ❌️❌️❌️❌️