For sale: Cashflow Block Of 6 Units Of 2bedroom Flat With Study Room Each In Highbrow Area

Cashflow Analysis

Proposed Purchase of 6 Units of 2-Bedroom Flats (with Study)

Location: Rukpakwurushi New Layout, opposite NAF Harmony Estate, Air Force Road, Port Harcourt
Asking Price: ₦300,000,000

Key Assumptions

6 flats

Current annual rent: ₦4,000,000 per flat

Total annual rental income: ₦24,000,000

Rent increases by 25% every 3 years

Full occupancy throughout the 12-year period

Property value assumes a conservative 10% annual appreciation (actual market performance may differ)


Projected Rental Income

Period Annual Rent Total for Period

Years 1–3 ₦24.00m ₦72.00m
Years 4–6 ₦30.00m ₦90.00m
Years 7–9 ₦37.50m ₦112.50m
Years 10–12 ₦46.88m ₦140.63m


Total Rental Income (12 Years): ₦415.13 million

Estimated Property Value After 12 Years

Purchase Price: ₦300.00 million

Estimated Value (10% annual appreciation): ≈ ₦941.50 million


Investment Summary

Purchase Price: ₦300.00 million

Total Rental Income (12 years): ₦415.13 million

Estimated Property Value (Year 12): ≈ ₦941.50 million

Total Potential Asset Value + Rental Income: ≈ ₦1.357 billion


Conclusion

At the asking price of ₦300 million, this property presents an attractive long-term investment, combining steady rental cashflow with the potential for substantial capital appreciation. Subject to satisfactory legal, structural, and due diligence checks, the investment appears capable of generating strong returns over a 12-year holding period.