SWAHILI HOUSES ON 1/8TH ACRE PLOT.
Each block can have 10 rooms. Each room is 12m2 in plinth area.
The block in total will be 130m2 in plinth area.
Cost of construction.
The cost per m2 is low, between kes 17,000 to kes 20,000.
Assuming kes 17,000, the total construction cost will be kes 17,000 x 130m2=kes 2.2m per block.
Each room can be rented at kes 3000 per month. This brings the rent to kes 3000 x 10=kes 30,000 per block.
A 1/8th acre with 2 blocks will bring in kes 60,000 per month.
Return on Investment.
The project will return investment within 4.4 m/kes 60k/12= 6.1 years.
This is a good return on investment for rental property.
Francis Gichuhi Kamau, Architect.