Nigeria Shortlet Rental Yield & ROI Calculator
Measure the cash-on-cash return of a Lagos shortlet apartment after management, utilities, cleaning and debt service, with a DSCR check.
- Shortlet Yield
- 8–12%
- Lagos mainland
- Management Fee
- 15–20%
- Operator
- Occupancy
- 60%
- Mature listing
Formula & Statutory Rule
Formula
cash_on_cash = annual_pre_tax_cash_flow / cash_invested × 100
Statutory Rule
gross_rent = nightly_rate × 365 × occupancy; management = 15–20% of revenueRegional Benchmark Reference
| Jurisdiction / Tier | Rate or Limit | Statutory Note |
|---|---|---|
| Gross yield | 8–12% | Mainland |
| Management | 15–20% | Operator |
| Occupancy | 60% | Mature |
Frequently Asked Questions
What is a shortlet?
A shortlet is a furnished apartment let on a short-term basis, often nightly or weekly, in Nigerian cities.
How does shortlet yield compare?
Shortlets can yield 8% to 12% gross, higher than long-term lets, but carry higher operating costs.
What costs are unique to shortlets?
Furnishing, utilities, cleaning, management and higher turnover costs reduce net income.
What occupancy should I assume?
A mature shortlet in a strong Lagos location averages around 60% occupancy.