Rent Collection Calculator Nigeria — Net Rental Income & Yield
Calculate your net rental income after management fees and maintenance. Discover your property yield to evaluate investment performance.
₦
%
₦
₦
Monthly rent presets:
₦0
Net Annual Income
₦0
Net Monthly Income
0%
Gross Yield
0%
Net Yield
Income Breakdown
Frequently Asked Questions
What is a good rental yield in Nigeria?
A good rental yield in Nigeria typically ranges from 5% to 10% annually. Lagos high-demand areas like Victoria Island and Lekki can yield 6–8%, while Abuja's Maitama and Wuse 2 yield around 5–7%. Yields above 8% are considered excellent for Nigerian real estate.
What does a property management fee cover?
Property management fees in Nigeria (typically 5–10% of annual rent) cover tenant sourcing, rent collection, handling maintenance requests, property inspections, and dispute resolution. Some agents also handle legal documentation at an additional charge.
What maintenance costs should a landlord budget for?
Nigerian landlords should budget 1–2% of property value annually for maintenance. This covers plumbing repairs, electrical work, painting, roof maintenance, and general wear and tear. Properties with boreholes, generators, and lifts have higher maintenance costs.
Is rental income taxable in Nigeria?
Yes. Rental income is subject to Personal Income Tax (PIT) or Companies Income Tax (CIT) if earned through a company. You can deduct allowable expenses including management fees, repairs, and depreciation before computing tax. Consult a tax professional for proper structuring.
How do I increase my rental yield?
Increase yield by: raising rent to market rates, reducing vacancy periods, negotiating lower management fees, reducing maintenance costs through preventive upkeep, adding value-added services (furnished units command 20–30% premium), and buying in up-and-coming areas before prices peak.