Investment Property in Sodo

Investment Real Estate in Sodo

Sodo property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Sodo .

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Search Map of Sodo Investment Real Estate

Sodo (Amharic: ሶዶ) or Wolaita Sodo (Amharic: ወላይታ ሶዶ) is a town and separate woreda in south-central Ethiopia. The administrative center of the Wolaita Zone of the Southern Nations, Nationalities, and Peoples Region, it has a latitude and longitude of6°54′N 37°45′E / 6.900°N 37.750°E / 6.900; 37.750 with an elevation between 1,600 and 2,100 metres (5,200 and 6,900 feet) above sea level. It was part of the former Sodo woreda which included Sodo Zuria which completely surrounds it.

Sodo is served by an airport. A 166-kilometre (103 mi) road connecting Sodo with Chida, whose construction had started in 1994, was completed by early 1999. Featuring an 80-metre (260 ft) Bailey bridge across the Omo river and five other bridges, this road cost 255 million Birr, and reduced the distance between the Regional capital at Awassa and Mizan Teferi to 400 kilometres (250 mi). According to the SNNPR’s Bureau of Finance and Economic Development, as of 2003 Sodo’s amenities include digital and mobile telephone access, postal service, 24-hour electrical service, two banks, and a hospital. Sodo is also the seat of the Roman Catholic Apostolic Vicariate of Sodo-Hosaena.

Currently, Sodo is known for being center of major health and education institutions in Ethiopia. Soddo Christian Hospital has one of the 10 surgical training centers in Africa. The hospital provides a full range of medical, and surgical services, including Orthopedic and General, Maternity, and Pediatrics. Wolaita Sodo University Teaching Referral Hospital is also located in this town and it serves around two million people. The total number of beds in the hospital was 200; out of which 60 beds were in Obstetrics and Gynecology department.

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The financial stability of Sodo has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Sodo

Renting out your Sodo buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Sodo are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Sodo and be prepared to change your initial outlook.
Thoroughly research the Sodo location with a special emphasis on fringe areas outside the main Sodo metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Sodo.
Ensure that your target investment property in Sodo appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Sodo properties yourself is an easy option, but are these savings justifiable when you run into Sodo red tape? Physis Realty Sodo office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Sodo buy-to-rent sector.

With our expert guidance, investing in Sodo provides the secure knowledge that your money is working harder than it would in a local Sodo bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Sodo, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Sodo property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Sodo

Flipping property in Sodo

Flipping property is when we advise clients to buy a Sodo property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Sodo market has a time to react to the renovation.

The Flipping Strategy in Sodo

Investment property flipping in Sodo is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Sodo real estate investments are sometimes referred to by professionals as ‘distressed’ Sodo real estate.

What is distressed Sodo property:

Sodo property in need of renovation
Sodo real estate with a change of purpose and use
Oversold Sodo property
Bank repossessions in Sodo

Put simply, long term investors in Sodo purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Sodo investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Sodo property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Sodo use a minimum profit value of 22% when looking at potential Sodo projects. The reason for this is because there are lots that can go wrong in Sodo property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Sodo

For luxury property investors hoping to add a superb property in Sodo to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Sodo, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Sodo should be entrusted to only the highest-quality agency.

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