Ready-to-rent investment apartments in Riihimäki in an excellent location with a rental yield of 9–10%.
These pre-leased investment triplexes in Riihimäki offer up to 26% return on equity with 70% financing.
Debt-free price €49,000
Cash flow / month 401–408
Rental income 9.83–10%
Information about the apartment
| Address | 13 Linnunradankatu |
|---|---|
| Apartment | A 8 & A 11 |
| Type | 3 bedrooms + kitchen + bathroom |
| Area | 64–66.5m2 |
| Rent | 721–740 |
| Maintenance fee | 320–332.5 |
| Status |
Free
|
High-yield triplexes in an excellent location
- An apartment building constructed in 1985 near the Riihimäki train station.
- Good rental income close to the capital region and Tampere.
- The property is in an excellent location near the center of Riihimäki, only 1.5 kilometers from Häme University of Applied Sciences.
- Thanks to HAMK's proximity and central location, it is very easy to find tenants for the property.
- The apartments are also suitable for subletting, which allows you to further increase your rental income.
- Return on equity up to 26.3%, cash flow up to €218/month with 70% financing*
*Loan calculated based on a 20-year loan period, 70% loan-to-value ratio, and 3% total interest rate. The loan repayment including interest in this calculation is €190/month. Cash flow is calculated using the formula: rent + maintenance charge + loan repayment = €218.2/month.
Information about the housing company:
- Year of manufacture: 1985
- Land ownership: Leased land from the City of Riihimäki, agreement valid until December 31, 2055
- Heating type: Electric
- Domestic water heating: District heating
- Apartment sizes: 32–66.5 m²
- Number of beds: 33
Government maintenance plan for 2025–2030
- Replacement of windows and balcony doors
- Cleaning IV channels
- Facade cleaning
- Maintenance painting of balconies
- Renewal of element joints
You can find more detailed information and materials about the housing company here.
Pictures of the apartments
Floor plans of apartments
Condition scores for apartments
| Average condition score for the apartment | 3,5 |
|---|---|
| Average surface area of apartment | 4 |
| Average condition of the kitchen | 4 |
| Average condition of bathrooms | 2.5 |
| 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
Riihimäki as an investment city
Riihimäki as an investment city – a train city with stable rental demand and a low investment threshold
Riihimäki, a town of approximately 28,000 inhabitants in Kanta-Häme, is known as a railway hub and commuter area between the capital region and Hämeenlinna. It is also one of the most interesting smaller investment cities in the border region between Uusimaa and Häme. Affordable prices, a stable population base, and continuous rental demand make Riihimäki a sensible choice for residential investors looking for a steady cash flow with a small initial capital investment.
Why invest in Riihimäki?
Along the main railway line – excellent accessibility:Riihimäki is a key transport hub, with almost all trains between Helsinki and Tampere stopping there. The train journey to Helsinki takes only about 45 minutes, making the city an attractive destination for commuters. This increases the constant demand for rental apartments, especially in the city center and near the station.
Reasonable price level – high rental yield potential:Apartment prices in Riihimäki are very competitive compared to prices in the capital region. Although rents are not high, they are stable, which enables good rental yield percentages, especially for studio apartments and small two-room apartments.
Diverse economic structure:The city offers jobs in logistics, industry, and education, among other sectors. Government agencies, the armed forces, and nearby industrial plants maintain labor mobility—and thus rental demand.
Educational offerings and student demand:Riihimäki is home to a HAMK campus and the Hyria educational institution. Although student numbers are not high, they support demand for small rental apartments in particular. Furnished studio apartments and short-term leases are popular among students.
Developing urban structure and moderate new construction:In recent years, Riihimäki has focused on developing its city center, the area around the train station, and new residential construction in the Rauhankatu and Patastenmäki areas. Building rights are available, but there is no oversupply, which keeps the market in balance.
A peaceful residential environment close to nature:The city is particularly popular among retirees and families with children. This makes family homes sought-after long-term rental properties, especially in areas with detached houses.
Opportunities for short-term rentals:Riihimäki hosts several national training and event occasions that create occasional demand for short-term accommodation, especially in furnished properties. Airbnb is not yet overly competitive in the city.
Riihimäki offers residential investors the opportunity to build a stable cash flow with a low investment threshold. The city's location, continuous rental demand, and affordable housing supply make it an attractive option, especially for novice investors or those focused on cash flow – without the risks of the capital region, but within its reach.
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