For sale: a two-room apartment with a sauna in Lahti, already leased out, offering a high rental yield of 11.17%
This investment one-bedroom apartment, with its excellent location, offers a return on equity of up to 29.04% and a cash flow of €219.90 per month with 70% financing
Price excluding tax 42,000 €
Selling Price 27,836.27 €
Cash Flow / Month 198.42 €
Rental Income 11.17 %
Information about the apartment
| Address | 5 Ala-Tonttilankatu |
|---|---|
| Apartment | A 22 |
| Type | 2 bedrooms + kitchen + bathroom |
| Area | 58.5m2 |
| Rent | 660 € |
| Maintenance fee | 269,10 € |
| Financial compensation | 192,48 € |
| Debt ratio | 14 163,73 € |
| Status |
Free
|
A neat two-room apartment with a sauna in a well-maintained condominium complex with its own land, offering a return on equity of over 29%
- A neat one-bedroom apartment with a sauna and a high rental yield of 11.17%
- The property is located in the peaceful residential area of Tonttila, close to the center of Lahti.
- A well-maintained housing complex with its own maintenance staff, where the facade was renovated in 2015 and the domestic water pipes were replaced in 2004
- Residential electricity is included in the maintenance fee
- The apartment has an excellent rental yield of 11.17% and a cash flow of €198.42 per month, calculated based on the sale price.
- Return on equity of up to 29.04% and cash flow of €219.90 per month with 70% financing, when the corporate bond is repaid with a bank loan*
- *The loan is calculated based on a 20-year term and a total interest rate of 3.5%. The monthly loan payment, including interest, is €171.00 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees + loan payment = €219.90 per month.
Basic information about the housing company
- Name of the housing association: Asunto-oy Aarnilaakso
- Building type: Apartment building
- Year built: 1975
- Number of apartments: 40
- Number of floors: 8
- Elevator: Yes
- Sauna in the apartment building: Yes
- Building material: Concrete element
- Roof type: Gable roof
- Roofing material: Felt
- Energy Class: C2018
- Energy Certificate: Yes (valid through April 18, 2033)
- Building Antenna System: Cable TV
- Lot size: 7,648 m²
- Land ownership: Owned
- Property Management: RTK-Palvelu Oy
- Property Management: Lahden Team-Isännöinti Oy
- Zoning Status: Local Master Plan
- Heating: District heating
Renovations completed
- 1996: Roof replaced
- 1999: Waste shelter built
- 2004: Replacement of domestic water pipes and painting of the stairwell
- 2005: Elevator Modernization
- 2008: Lock Replacement
- 2009: Renovation of the saunas and replacement of the carport roof
- 2012: Sauna Renovations
- 2015: Exterior renovation (facade, balconies, exterior doors, roof, and windows)
- 2017: Electric locks installed in common areas; parking spaces painted
- 2018: Yard Renovation
- 2019: Thinning of yard trees
- 2020: Sauna Renovation
- 2021: Elevator alarm systems replaced
- 2022: Domestic hot water heat exchanger replaced; balcony windows serviced
- 2023: HVAC cleaning and adjustment, valve replacement, repair of exhaust fans
- 2023: Replacement of lighting and car charging stations
- 2023: Replacement of the elevator suspension cables
- 2024: Fire Alarms in Apartments
- 2024: Facade cleaning and weed control treatment
- 2025: The sauna benches were replaced, and trees in the yard were cut down
Upcoming Renovations (Maintenance Needs Assessment 2026–2030)
- Repairs to yard wells
- Roof condition inspection
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3 |
|---|---|
| Average surface area of apartment | 3 |
| Average condition of the kitchen | 3 |
| Average condition of bathrooms | 3 |
| Description | Condition | Impact on re-renting |
| 1 | Broken and requires immediate replacement or repair. | This will likely affect re-renting. |
| 2 | Clear signs of wear, but still usable. | May affect re-renting. |
| 3 | In habitable condition and meets the tenant's needs. | Unlikely to affect re-rental. |
| 4 | Very neat and in good condition. | Unlikely to affect re-rental. |
| 5 | In new condition. | Does not affect re-renting. |
The condition scores for each living space are averages based on detailed condition scores for the different rooms in the apartment. Check out the detailed condition scores for the apartment in the apartment materials!
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
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Lahti as an investment city
Lahti – A dynamic investment city in the heart of growing Southern Finland
Lahti, Finland's eighth largest city, is a lively and developing center that offers diverse opportunities for residential investors. With a population of over 120,000, the urban area provides a solid foundation for housing demand, and Lahti's location in the middle of Southern Finland's growth corridor reinforces its position as an attractive investment destination. The city's diverse services, strong industrial heritage, and investments in green technology make it a unique combination of tradition and future prospects.
Why choose Lahti for real estate investment?
Lahti is a city that leaves no one cold. Its excellent transport connections to Helsinki and elsewhere in Finland make it an ideal location for both work and leisure. The city's continuous development is reflected in the emergence of new residential areas, businesses, and services, which creates a stable foundation for housing demand and rental income. Lahti is also known for its active cultural and sporting life, which attracts residents and increases the city's appeal. Lahti's affordable housing offers a wide range of options, from new developments to renovated apartments, so every investor is sure to find a property that suits their budget and goals. Lahti is a city that pulsates with life and offers real estate investors the opportunity to be part of its success story.
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