A SMART FIRST INVESTMENT
Description:WISE is much more than just a good, it's a smart investment product. Going into debt without a return is riskier than going into debt with a guaranteed return. The purchase of a studio / apartment with the objective of its renovation and rental allowed our client to become an owner at a lower cost, immediately and to ensure a guaranteed additional income.
Location: Abidjan, Ivory Coast
Location type: Popular central district
Type of Client: Individual
Customer Age range : Between 25 and 35 years old
Purchase, renovations & development: Between 25 and 30 million XOF
Type of financing: Bank loan guaranteed via salaries
Loan term: 5 years
Initial Investment: 3 million to reserve the property, 2 million for advisory and structuring
Need: The client is a dynamic young executive with a comfortable income. His bank offered him to make a bank loan and he hesitated between subscribing to a real estate program or buying land and building a property. He was also hesitant about the final use of his property, knowing that he could live there or rent out.
Project Status: Completed. 90% occupancy rate since 2021
Return on investment: 3 years
Net rental yield: 33%
Net cash flows generated: During the term of the loan, the customer will make 3.6 million per year. Once his loan is fully repaid, he will make 10.8 million per year.
