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  1. C

    Rental deal in Cairo: EGP 12,960,000 purchase, EGP 78,740/month — sanity check [condo]

    The headline return looked better than I expected: a 1-bed Cairo condo priced at EGP 12,960,000 with projected rent of EGP 78,740 a month produces EGP 944,880 a year, about 7.3% gross. The appeal fades once I start making less friendly assumptions. I am allowing for empty periods, management...
  2. C

    Property management would erase most of the cash flow near Cairo

    A management charge of about 9% of rent is the number driving this decision. Letting costs and fees for coordinating maintenance would be additional, and I may soon be managing the Cairo property from a distance. Professional management sounds like the practical answer until I include vacancy...
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