A fully leased two-bedroom apartment in Haapaniemi, Jyväskylä, with a rental yield of over 12%
For sale: a two-bedroom apartment already leased, offering an impressive rental yield of over 12% and a substantial return on equity of 34.11%
Debt-free price €29,900
Cash flow / month 316
Rental income 12.68 %
Apartment details
| Address | 5 Pellonpääntie |
|---|---|
| Apartment | C 19 |
| Type | 3 bedrooms + kitchen + living room |
| Area | 74m2 |
| Rent | 649 € |
| Maintenance fee | 333 € |
| Status |
Free
|
A fully leased two-bedroom apartment in Haapaniemi, Jyväskylä, with a rental yield of over 12%
- A simple, clean-lined three-bedroom apartment in the quiet, nature-filled Haapaniemi neighborhood
- A developing area in Jyväskylä, close to the amenities of Vaajakoski and just 15 minutes from downtown Jyväskylä
- The building was renovated in 1995; the roof was replaced in 2010
- Affordable two-bedroom apartments with saunas are a plus in the rental market
- New lease agreement; first option to terminate on January 1, 2027
- The apartment has a rental yield of 12.68% and a cash flow of €316 per month
- Return on equity of up to 34.11% and cash flow of €195/month with 70% financing*
*Loan calculated based on a 20-year term and a total interest rate of 3.5%. The monthly loan payment, including interest, is €121 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees + loan payment = €195/month
Basic information about the housing company
- Name of the housing company:Asunto Oy Jyväskylän Pellonpää
- Building type:Apartment building
- Year of construction:1969
- Number of apartments:48
- Floors:3
- Elevator:No
- Sauna in the building:Yes
- Building material:Concrete
- Roof type:Gable roof
- Roofing material:Tin roof
- Energy class:E2018
- Energy Performance Certificate:Yes (valid until October 24, 2031)
- Property antenna system:Cable TV
- Plot size:3,720 m²
- Land ownership:Leased
- Property Management:TL-Maint Oy
- Hosting:Oiva Isännöinti Noste Oy
- Zoning situation:Local detailed plan (City of Jyväskylä)
- Heating:District heating
Renovations carried out in the housing company
- 1995– Renovation (Pellonpääntie 1 and 5)
- 2004– Water main replaced
- 2010– Roof renovated
- 2013– Streetlights replaced with LED lights
- 2015– Sewer line on the property renovated
- 2022– Roof leak repair (Pellonpääntie 1 B 16 and 18)
- 2023– Water damage repair (Pellonpääntie 5 A 5)
- 2024– Bathroom Inspection
- 2024– Lock Replacement
Maintenance Needs Assessment (2026–2030)
- Cleaning of ventilation ducts
- Possible renovation of the bathrooms
- Roof maintenance and repairs
Photos of the property for sale
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!
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
Jyväskylä as an investment city
A city of students and growth attracts real estate investors
Jyväskylä, the heart of Central Finland and one of Finland's leading growth centers, has established itself as one of the country's most attractive residential investment destinations. The city's dynamic combination of a vibrant student community, diverse economic structure, and continuous development creates an excellent foundation for profitable real estate investments.
Why choose Jyväskylä for real estate investment?
- A mecca for students: Jyväskylä University and the University of Applied Sciences attract thousands of students every year, ensuring continuous and stable demand for rental apartments.
- A growing city: Jyväskylä is one of Finland's fastest-growing cities, which creates positive prospects for increases in property values and rental income.
- Diverse economic structure: The city has a diverse and strong economy, which provides jobs for professionals in various fields and attracts new residents.
- Development investments: Jyväskylä is actively investing in the development of new residential areas and the improvement of the urban environment, which will further increase the attractiveness of the region.
- Excellent location: Jyväskylä's central location and good transport connections make it easily accessible for students, workers, and tourists alike.
Jyväskylä offers real estate investors the opportunity to benefit from the city's growth and dynamic atmosphere.The combination of affordable housing, stable rental income, and positive future prospects makes Jyväskylä an attractive option for both experienced and novice investors.
I would like to discuss this apartment
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Aarne Urvas
Sami Suojala
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