MURIVESTNairobi Private Office
CRE UnderwritingPrivate Wealth Advisory

Capital Structure & Income

Acquisition Pricing

Debt Assumptions

Gross Scheduled Income

Operating Expenditure

Yield Metrics

Cap Rate

6.02%

NOI $199,838/yr

Cash-on-Cash

6.02%

After debt service

NOI (Annual)

$199,838

Ksh 27,078,000

DSCR

Unlevered

Meets threshold

Equity

$3,321,033

100% of value

Debt Yield

N/A

NOI ÷ Loan

GRM

12.71x

Value ÷ Annual GSI

OpEx Ratio

23.51%

OpEx ÷ EGI

Monthly Operating Performance

Gross Scheduled Income
Ksh 2,950,000$21,771
Vacancy & Credit Loss
-Ksh 0-$0
Effective Gross Income
Ksh 2,950,000$21,771
Management Fee
-Ksh 236,000-$1,742
Maintenance Reserve
-Ksh 88,500-$653
Capital Reserve
-Ksh 59,000-$435
Property Tax / KRA
-Ksh 180,000-$1,328
Insurance
-Ksh 85,000-$627
Miscellaneous
-Ksh 45,000-$332
Total OpEx
-Ksh 693,500-$5,118
Net Operating Income
Ksh 2,256,500$16,653

Annual Summary

Gross Scheduled Income
Ksh 35,400,000$261,255
Vacancy & Credit Loss
-Ksh 0-$0
Operating Expenditure
-Ksh 8,322,000-$61,417
Net Operating Income
Ksh 27,078,000$199,838

Benchmarks: Knight Frank Kenya H2 2024 · HassConsult Property Index 2024 · Kenya Bankers Association HPI 2024 · Central Bank of Kenya CBR 2024.

Investment Committee Notes

[Asset] — Karen. Indicative value: Ksh 450,000,000 ($3,321,033). , .

NOI underwritten at Ksh 27,078,000/annum ($199,838). EGI: Ksh 35,400,000. OpEx ratio: 23.51%.

All-equity acquisition. Unlevered cash yield: 6.02%.

Diligence: (i) Club membership transfer; (ii) Ardhisasa title audit; (iii) covenant compliance; (iv) CGT at 15%.

Auto-generated from live inputs. Not investment advice.

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