The N36 Million Annual Rental Hack: Breaking Down the Math of Axel Heights
- Zikan Realtors
- Feb 9
- 2 min read
In the 2026 Lagos real estate market, "passive income" is a phrase many use, but few truly master. While many modern houses in Lekki struggle with low yields because of high entry prices, Axel Heights at the Lekki Foreshore has been engineered from the ground up to be a rental powerhouse.
The projection is bold: ₦36 Million in annual rental income. But how do we get there? At Zikan Prop Solutions, we don’t believe in hype—we believe in data.
The Short-Let Revolution vs. Traditional Rent
In 2026, the smart money has shifted. While a traditional annual lease for a 2-bedroom apartment in Lekki Phase 1 might fetch between ₦15M and ₦25M, the short-let (AirBnB/Booking.com) market is where the real "Alpha" is found.
The Axel Heights Performance Model:
Average Daily Rate (ADR): ₦200,000 per night (Reflecting the premium foreshore location and EV/Smart features).
Conservative Occupancy: 50% (182.5 days per year).
Gross Annual Revenue: ₦200,000 x 182.5 = ₦36,500,000.
Why 50% Occupancy is a Low Bar for Axel Heights
You might ask: "Is 50% realistic?" In the current 2026 landscape, premium waterfront assets are seeing 65% to 80% occupancy due to several "magnets" unique to Axel Heights:
The Diaspora Surge: With the Lekki Foreshore becoming the preferred staycation spot for Nigerians visiting from the UK, US, and Canada, demand for "Dubai-standard" apartments is at an all-time high.
Corporate Proximity: Business travelers working with the multinational firms in VI and Ikoyi now prefer the "privacy and tech" of Axel Heights over the crowded hotels on the Island.
The "EV" Advantage: As discussed in our previous post, a guest with an electric vehicle must stay where there is a charger. Axel Heights is one of the few that offers this.
Comparing Your ROI
Investment Type | Entry Price | Annual Income | Gross Yield |
Traditional Lekki Apt | ₦200M | ₦18M | 9% |
Axel Heights (Outright) | ₦230M | ₦36.5M | 15.8% |
By choosing Axel Heights, you aren't just buying a home; you are buying a business that pays for itself in roughly 6.5 years—excluding the 30% annual capital appreciation of the property itself!
The Verdict: Don’t Just Own Land, Own a Cash-Flow Machine
At ₦230 Million, Axel Heights is priced for the savvy investor who understands that the "Modern House in Lekki" of 2026 must do more than just sit pretty—it must earn.
🏢 Zikan Prop Solutions
🥇 Certified Real Estate Consultant | Multi Award-Winning Realtor
Helping you make the best real estate purchase & investment decisions.
📱 +234 703 000 3514
📲 IG: @zikanpropsolutions
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