Residential Apartment, Njiru, Nairobi.
The Apartment is built on a 1/8th acre land. There are 4 units per floor on 4 floor levels. The ground floor is raised to allow extra parking spaces.
Bank financing options.
Assuming an interest rate of 12% per annum, and 50% of construction cost borrowing from bank, at a duration of 12 years, the interest rate repayment per month works out to kes 320,000. This equals the monthly rental income for the units so after initial investment of 50% of construction cost, the construction will repay itself from the bank loan in 12 years.
Architect Francis Gichuhi kamau
0721410684
info@a4architect.com
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