26/05/2026
๐ฅ๐ฒ๐ป๐๐ฎ๐น ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ ๐ถ๐ป ๐ก๐ถ๐ด๐ฒ๐ฟ๐ถ๐ฎ: ๐๐ต๐ฎ๐ ๐๐ผ ๐ฒ๐
๐ฝ๐ฒ๐ฐ๐ ๐ฟ๐ฒ๐ฎ๐น๐ถ๐๐๐ถ๐ฐ๐ฎ๐น๐น๐
Rental income in Nigeria can be rewarding, but itโs far from โeasy money.โ Yields in Lagos average 6โ10% annually, while short lets in Port Harcourt can reach up to 18%. However, vacancy periods, tenant issues, and maintenance costs are realities every landlord must plan for.
Vacancy rates in prime Lagos and Abuja hover around 3โ8%, but overpriced units can sit empty for months. The peak rental season is January to March, driven by relocations and new contracts.
Maintenance costs; like plumbing, repainting, and power backup; quietly erode profits, while taxes such as the 10% withholding tax also cut into returns. Tenant screening and structured property management are essential to protect cash flow.
Rental income in Nigeria is profitable when managed strategically, but itโs not passive by default.
Location, realistic pricing, and proactive management make the difference between hype and sustainable income.
Ready to turn property into profit? At Owamwen, we help investors and landlords unlock sustainable rental income through smart pricing, tenant screening, and proactive management.