Is It Still Profitable To Build And Rent - Properties - Nairaland
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| Is It Still Profitable To Build And Rent by Reflector: 3:05pm On Oct 25, 2011 |
A collegue of mine and I did this analysis during lunch time today and the outcome was very depressing. In fact we are of the opinion that it is no longer profitable to build houses for rent. What do you think? If your views are different can you share your analysis. Note: These are based on estimates for Port-Harcourt  Download Oga LandLord (www.erasoftlabs.com) to manage your Rental Property Investments like a pro. |
| Re: Is It Still Profitable To Build And Rent by webcam(m): 3:26pm On Oct 25, 2011 |
build a house to rent is profitable but is long time investment |
| Re: Is It Still Profitable To Build And Rent by Reflector: 3:32pm On Oct 25, 2011 |
From the research I have done so far a yield of less than 7% is see as not profitable. The way I see it if the yield is less than the interest banks would pay for the same anount of money kept with them, then it is not profitable to build for rent. |
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