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rentapartment
2 Bedroom Apartment in Maitama
8 IBB Way, Maitama, Ughelli
₦9M/yr
Ref: TA-MA005
2
Bedrooms
3
Bathrooms
2
Parking
130m²
Area
About this property
Spacious apartment with balcony, fitted kitchen, and access to a shared pool.
Location
View on Google Maps8 IBB Way, Maitama, Ughelli
Amenities
Swimming pool
Security
Parking
24/7 Power
Investment Calculator
Estimate rental yield and purchase costs using Delta State market trends.
Gross rental yield
6.00%
Net rental yield
4.20%
Gross annual rent₦540K
Effective rent (after vacancy)₦513K
Annual operating cost- ₦135K
Net annual income₦378K
Upfront purchase costs
Legal fees₦450K
Agency fee₦450K
Stamp duty₦180K
Survey & inspection₦135K
Total one-off costs₦1.2M
Deposit amount₦2.7M
Cash needed upfront₦3.9M
Financing
Loan amount₦6.3M
Monthly mortgage payment₦117K
Monthly cash flow₦-85,495
Estimates only. Delta State yields typically range 5–8% for residential and 6–9% for commercial. Confirm legal fees, agency rates, and mortgage terms with your adviser before committing.
Schedule a viewing
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October 2026
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