Pre-leased two-room apartment with sauna in Lahti for sale, with a high rental yield of 9.68%
This investment apartment in a prime location offers a return on equity of up to 25.3% and a cash flow of €209/month with 70% financing.
Debt-free price €49,900
Selling price 33,968
Cash flow / month €210
Rental income 9.68
Information about the apartment
| Address | 5 Ala-Tonttilankatu |
|---|---|
| Apartment | A 2 |
| Type | 2 bedrooms + kitchen + bathroom |
| Area | 58.5m2 |
| Rent | 660 € |
| Maintenance fee | 257 € |
| Financial compensation | 192 € |
| Debt ratio | 15 932 € |
| Status |
Free
|
Neat two-room apartment with sauna in a well-maintained housing company, return on equity over 25%.
- Neat two-room apartment with sauna and a high rental yield of 9.68%
- The property is located in the peaceful residential area of Tonttila, close to the center of Lahti.
- A well-maintained housing association with its own land
- The rental yield on the apartment is an excellent 9.68%.
- Return on equity up to 25.3% and cash flow €209/month with 70% financing when the company loan is paid off with a bank loan*
- *Loan calculated based on a 20-year loan period and a total interest rate of 3%. The equity requirement is €14,970 and the loan repayment including interest is €194/month in this calculation. Cash flow is calculated using the formula rent − maintenance charge − loan repayment = €209/month.
Aarnilaakso Housing Company
General information
- Name of housing company:Asunto-oy Aarnilaakso
- New property:No
- Building type:Apartment building
- Year of construction:1975
- Number of apartments:40
- Floors:8
- Elevator:Yes
- Sauna in the building:Yes
- Building material:Other
- Roofing material:Felt roofing
- Roof type:Pent roof
- Energy class:C2018
- Validity period of the energy certificate:18.04.2033
- Energy certificate:Yes
- Property antenna system:Cable TV
- Plot size:7,648 m²
- Property management:Maintenance company (RTK)
- Hosting:Lahden Team-Isännöinti Oy / Mika Elomaa, tel. +358 41 532 8546
- Zoning information:City of Lahti
- Planning situation:Local detailed plan
- Heating:District heating
- Land ownership:Own
Upcoming renovations
Maintenance requirements for the next five years:
- Repairs to yard wells
- Implementation of heat recovery
Renovations carried out in the housing company
- 2004 – Painting of domestic water pipes and stairwells
- 2005 – Elevator modernization
- 2008 – Lock renewal
- 2009 – Renovation of saunas, renovation of carport roof
- 2012 – Renovation of saunas
- 2015 – Facade renovation (facade, balconies, exterior doors, roof [1x membrane] and windows)
- 2017 – Installation of electronic Kaba locks in common areas
- 2017 – Painting of parking spaces
- 2018 – Renovation of the yard
- 2019 – Thinning of trees in the yard
- 2020 – Sauna renovation
- 2021 – Replacement of elevator alarm devices
- 2022 – Replacement of domestic water heat exchanger
- 2023 – Balcony glass maintenance
- 2023 – IV cleaning and adjustment, valve replacement, exhaust fan repair
- 2023 – Replacement of lighting and car plug sockets
- 2023 – Replacement of elevator suspension cables
- 2024 – Replacement of fire alarms in apartments
- 2024 – Facade washing and vegetation control treatment
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3,7 |
|---|---|
| Average surface area of apartment | 3,5 |
| Average condition of the kitchen | 4,5 |
| Average condition of bathrooms | 3,5 |
| 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!
Location of the destination on the map
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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