Investment Property in Bishoftu

Investment Real Estate in Bishoftu

Investment Property in Bishoftu
Investment Property in Bishoftu

Bishoftu 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 Bishoftu .

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Search Map of Bishoftu Investment Real Estate

Bishoftu (Oromo: Bishooftu, Amharic: ቢሾፍቱ) is a town located in the East Shewa Zone of the Oromia Region of Ethiopia, and has an elevation of 1,920 metres (6,300 ft). It was formerly known as Debre Zeyit (Amharic: ደብረ ዘይት) however since the late 1990s it has been officially known by the Oromo name, Bishoftu, which was its name until 1955. The primary airbase of the Ethiopian Air Force is located at Harar Meda Airport, in Bishoftu.

Bishoftu is located 47.9 kilometres (29.8 mi; 25.9 nmi) southeast of Addis Ababa along its route 4 highway. It is a resort town, known for its several lakes.

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The financial stability of Bishoftu 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 Bishoftu

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

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

  • Set goals based on how much rental yield will be required and the local rental yield rates in Bishoftu and be prepared to change your initial outlook.
  • Thoroughly research the Bishoftu location with a special emphasis on fringe areas outside the main Bishoftu metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Bishoftu.
  • Ensure that your target investment property in Bishoftu 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 Bishoftu properties yourself is an easy option, but are these savings justifiable when you run into Bishoftu red tape? Physis Realty Bishoftu office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Bishoftu buy-to-rent sector.

With our expert guidance, investing in Bishoftu provides the secure knowledge that your money is working harder than it would in a local Bishoftu 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 Bishoftu, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Bishoftu property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Bishoftu

Flipping property in Bishoftu

Flipping property is when we advise clients to buy a Bishoftu 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 Bishoftu market has a time to react to the renovation.

The Flipping Strategy in Bishoftu

Investment property flipping in Bishoftu 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 Bishoftu real estate investments are sometimes referred to by professionals as ‘distressed’ Bishoftu real estate.

What is distressed Bishoftu property:

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

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

Calculate profit that you make from Bishoftu investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Bishoftu

For luxury property investors hoping to add a superb property in Bishoftu 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 Bishoftu, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Bishoftu should be entrusted to only the highest-quality agency.

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