A fully rented one-bedroom apartment in Lappeenranta with a high 12.17% return
Now for sale: a two-room apartment in excellent condition and already rented out, offering a rental yield of over 12% and a return on equity of over 32%
Debt-free price €29,000
Sale Price 21,289.36 €
Cash Flow / Month 294 €
Rental income 12.17
Apartment details
| Address | 5 Mäntyläntie |
|---|---|
| Apartment | A6 |
| Type | 2 hours + month |
| Area | 53m2 |
| Rent | 559 € |
| Maintenance fee | 265 € |
| Financial compensation | 74,20 € |
| Debt ratio | 7 710,64 € |
| Status |
Free
|
A fully leased two-room apartment in Lappeenranta with an attractive 12.17% return
- A well-maintained, already rented one-bedroom apartment
- The company was well looked after
- Roof, Rainwater, Structural Water 2018
- Windows replaced in 2011
- The housing company has its own plot of land
- The apartment has a rental yield of 12.17% and a healthy cash flow of €294 per month
- Return on equity of up to 32.41% and cash flow of €176.00 per month with 70% financing*
*The loan is calculated based on a 20-year term and a total interest rate of 3.5%. In this calculation, the loan payment (including interest) is €118.00 per month. Cash flow is calculated using the formula: rent + maintenance fees – loan payment = €176.00 per month
Basic information about the housing company
- Name of the housing cooperative:Asunto Oy Ihalaisenvuori, Lappeenranta
- Building type:Apartment building
- Year built:1976
- Number of apartments:21
- Floors:4
- Elevator:No
- Sauna in the building:Yes
- Building material:Concrete
- Roof type:Pent roof
- Roofingmaterial:Sheet metal
- Energy class:D2018
- Energy Certificate:Yes (valid through November 26, 2034)
- Building Antenna System:Community Antenna
- Lot size:3,170 m²
- Land ownership:Own
- Property Management:Kiinteistöhuolto Lyijynen Oy
- Property Management:Retta Isännöinti Oy, Lappeenranta
- Zoning Status:Local Master Plan (City of Lappeenranta)
- Heating:District heating
Renovations carried out in the housing company
- 1998– Roof renovation
- 2009– Maintenance painting of the basement hallway floor
- 2011– Replacement of windows and balcony doors, and touch-up painting of stairwell walls
- 2013– Replacement of car heater enclosures and installation of 2-hour timers
- 2014– Renovation of the interior surfaces of balconies and facades
- 2015– Repair of roof seams, replacement of the parking lot outdoor light, and HD upgrade of the antenna
- 2016– Roof repairs
- 2017– Replacement of the lock and renewal of the district heating valve and valve actuator
- 2018– Roof replaced, front yard rainwater drainage system installed, entrance awnings replaced, HVAC system cleaned and adjusted, yard lights repaired, and antenna upgraded to HD
- 2019– Replacement of the cold-water pipe in the downstairs hallway
- 2020– Metal cladding of the horizontal surfaces of railings on unglazed balconies
- 2022– Expansion of the parking lot to accommodate three cars
- 2024– The check valve was replaced, the civil defense shelter supplies were updated, and a barbecue shelter was built through volunteer efforts
- 2025– Installation of smoke alarms in apartments (in accordance with the Rescue Act)
Maintenance needs assessment
- 2026– Heat exchanger inspection (recommended)
- 2027– Installation of the waste shelter door and covering the openings at the top with a translucent cover (recommended)
- 2028– Condition Survey of Building Facades (recommended)
- 2029– Balancing and adjustment of the heating system, replacement of thermostats, and replacement of the heat exchanger (recommended)
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3 |
|---|---|
| Average surface area of apartment | 3,5 |
| 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
Real estate investor's return and loan calculator
Estimated loan amount (monthly)
Cash flow
Return on equity (ROE)
Required equity capital
Lappeenranta as an investment city
Lappeenranta – A vibrant investment city on the shores of Lake Saimaa
Lappeenranta, the regional center of South Karelia and Finland’s largest city on the shores of Lake Saimaa, uniquely combines the tranquility of water and forests with vibrant urban life. With a population of just over 70,000, the city serves as the regional hub for commerce, services, and education, keeping demand for housing steady throughout the year. LUT University and LAB University of Applied Sciences bring thousands of students to the city, and expertise in technology and clean energy has raised Lappeenranta’s international profile. A strong heritage in the forest industry, combined with new green transition projects, creates a unique blend where tradition and the future go hand in hand.
Why Choose Lappeenranta for a Real Estate Investment?
Lappeenranta is a city that leaves a lasting impression. The summer evenings descending on the harbor, the stone-paved alleys of the Fortress, and the vast expanse of Lake Saimaa give the city a character that few other places can match. The practical side is equally compelling: Highway 6 and a direct train connection to the Helsinki metropolitan area make Lappeenranta highly accessible, and its own airport brings traffic to the city from beyond its borders as well. The city’s character as a student town is particularly evident in the demand for small apartments, making studios and one-bedroom units a worthwhile option for investors seeking rental income. The city’s development is evident in the emergence of new residential areas, businesses, and events, and its active cultural and sports scene enhances its appeal to residents. Lappeenranta’s moderate price level offers a wide range of options, from new developments to renovated apartments, so every investor can find a property that fits their budget and goals. Lappeenranta is a city that thrives on water and expertise, and it offers real estate investors the opportunity to be part of its story.
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Aarne Urvas
Sami Suojala
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