Ground floor area=300m2
Cost of construction assuming kes 21000 per m2 =6.3m
Number of 1 bedroomed units per floor=5
Rent per month for 1 bedroomed =5 x kes 8000=kes40,000
Rent per year =kes 40,000 x 12=kes 480,000
Construction cost of 5 no. 1 bedroomed=150m2 x kes 21000=kes 3.15m
ROI =6.5 years.
Number of bedsitters per floor=5
Rent per month for bedsitters=5 x kes6500=kes 32,500
Rent per year=kes 32,500 x 12=kes 390,000
Construction cost for 5 no. bedsiters =130m2 x kes 21000=kes 2.73m
Total construction cost for all =5.88m.
Average Return on Investment =6.7years.
Francis Gichuhi Kamau, Architect.