Studio apartment with good rental income in the center of Järvenpää
At this location, with 70% financing, return on equity up to 14.79% and cash flow €125.25 per month.
Debt-free price €73,900
Cash flow / month €423.25
Rental income 6.87
Information about the apartment
| Address | 40 Mannilantie |
|---|---|
| Apartment | B 6 |
| Type | 1 hour + month |
| Area | 19.5m2 |
| Rent | 550 € |
| Maintenance fee | 126,75 € |
| Status |
Free
|
Pre-leased studio apartment with strong cash flow
- Excellent location right in the heart of Järvenpää, a growing and developing city
- Efficiently used square footage ensures excellent rentability and attractive rental income.
- Well-maintained, renovated housing company with its own plot of land
- Cash flow €125.25/month with 70% financing and return on equity 14.79%*
*Loan calculated based on a 20-year loan period and a total interest rate of 3.5%. The equity requirement is €22,170 and the loan repayment including interest is €298/month in this calculation. Cash flow is calculated using the formula: rent + maintenance charge + financing charge + loan repayment = €125.25/month.
Corrections made:
- 2003:
- Renovation of staircase B
- Windows and balcony doors
- District heating connection
- 2004:Renovation of staircase A
- 2005:
- Facade renovated
- Roofing replaced
- 2009:Rainwater gutter heaters
- 2012:
- Fence with access gates
- Additional lighting in the courtyard
- 2014:
- Roof painting and snow guards
- Cleaning the IV system and adjusting air volumes
- Painting a high facade
- 2015:
- Coating of concrete footbridge
- Repair of water drainage on the Mannilantie side and A-B stairwells
- Renovation of rainwater system on ramp
- 2017:Construction of a fence on the border of Mannilantie 42
- 2018:Maintenance painting of stairwells
- 2019:Inspection of dishwasher tap plugs and connections
- 2020:Protective railing for the courtyard staircase and landing
- 2022:Cleaning of air conditioning ducts
- 2023:
- Waste container module
- Property risk assessment
- Survey of electric vehicle charging stations
Upcoming renovations:
- 2028:No significant repairs.
- 2025:No significant repairs.
- 2026:Cleaning of the ventilation ducts and cleaning or replacement of the replacement air filter.
- 2027:No significant repairs.
You can find more detailed information and materials about the housing company here.
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 | 2,5 |
| 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!
Location of the destination on the map
Järvenpää as an investment city
Järvenpää offers real estate investors opportunities in a peaceful and natural environment, with good transport links to the capital region. With over 45,000 residents, the city is known for its train connections, pleasant living environment, and commitment to high-quality services.
Why choose Järvenpää?
- Excellent train connections: Järvenpää has fast and regular train connections to Helsinki and other nearby cities, making it an attractive option for those working in the capital region.
- A growing city: Population growth and investments in new residential areas are increasing demand.
- Peaceful and close to nature: A pleasant living environment and abundant nature.
- High-quality services: The city's investments in developing new residential areas and improving services create positive prospects for investors.
- Reasonably priced housing market: The housing market in Järvenpää generally offers more reasonable prices compared to other cities in the capital region and neighboring cities of Helsinki.
- A developing city: Järvenpää is investing in the city's development, and these investments are reflected in improvements to services, among other things. This enhances the city's appeal and contributes to stability in the housing market.
Järvenpää offers residential investors the opportunity to benefit from its proximity to the capital region, the city's peaceful atmosphere, and its developing services. Stable rental income, growing demand, and good transport connections make Järvenpää an attractive option for investors looking for a quieter and family-friendly investment destination.
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Aarne Urvas
Pasi Suojala
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