A beautifully renovated two-bedroom apartment in a building with its own water supply and plumbing system in Jyväskylä, offering high rental income
For sale: a fully furnished and beautifully renovated two-bedroom apartment with an impressive rental yield of over 9% and a return on equity of nearly 28%
Debt-free price €46,900
Sale price €21,952.31
Cash flow / month 357.50 €
Rental income 9.15 %
Apartment details
| Address | 7 Pellonpääntie |
|---|---|
| Apartment | C 25 |
| Type | 3 bedrooms + kitchen + living room |
| Area | 74m2 |
| Rent | 695 € |
| Maintenance fee | 337,50 € |
| Financial compensation | 276,75 € |
| Debt ratio | 24 947,69 € |
| Plot | My own |
| Status |
Free
|
A beautifully renovated two-bedroom apartment in Haapaniemi, Jyväskylä, already rented out with a rental yield of over 9%
- A very stylish apartment that is already rented out, with a 9.15% rental yield
- The apartment is located in the quiet, family-friendly neighborhood of Haapaniemi
- The company has been well looked after
- The building's domestic water pipes and bathrooms were renovated in 2015
- The windows and balcony doors were replaced in 2010
- Return on equity of up to 28.63% and cash flow of €215.75 per month with 70% financing**
*Loan calculated based on a 20-year loan period and a total interest rate of 3%. The loan repayment including interest in this calculation is €167.00/month. Cash flow is calculated using the formula: rent + maintenance charge + loan repayment = €215.75/month.
Basic information about the housing company
- Name of the housing company:Asunto Oy Pellonpääntie 3
- Building type:Apartment building
- Year of construction:1969
- Number of apartments:26
- Floors:3
- Elevator:No
- Sauna in the building:Yes
- Building material:Concrete
- Roof type:Gable roof
- Roofing material:Tin roof
- Energy class:D2018
- Energy certificate:Yes (valid until June 9, 2034)
- Property antenna system:Cable TV
- Lot size:3,784.00 m²
- Land ownership:Own
- Property Management:TL-Maint Oy
- Property Management:REIM Jyväskylä Oy Ltd
- Zoning situation:Local detailed plan (City of Jyväskylä)
- Heating:District heating
Renovations carried out in the apartment building
- 1990– Connection to district heating
- 2006– Replacement of joint seals
- 2010– Replacement of windows, balcony doors, and exterior stairwell doors, as well as cleaning and adjustment of the ventilation system
- 2011– Installation and adjustment of radiator valves in the heating system, replacement of line-specific shut-off and control valves, and replacement of the heat exchanger unit with GSM connectivity
- 2014– Roof coating and repairs to entrance awnings, replacement of the refrigeration unit, repair of drainage pipes at the ends of the building, installation of a negative pressure regulator for the ventilation system, and cleaning and adjustment of ventilation ducts
- 2015– Replacement of domestic water pipes, renovation of bathrooms, and installation of water-circulating underfloor heating in the apartments; renovation of the laundry room; complete renovation of the sauna area (including heat recovery ventilation); replacement of electrical wiring (building and apartment distribution panels); and installation of data cabling
- 2016– Renovation of courtyards and parking lot
- 2017– Installation of additional insulation in the attic and conversion of the locking system to the Sento system
- 2021– Balcony Condition Survey
- 2023– Hot water control unit replaced
- 2025– Installation of battery-powered smoke alarms
Maintenance needs assessment
- Installation of smoke detectors in apartments
- Sealing the ventilation holes in old refrigerators
- Cleaning and Adjustment of HVAC Ducts
- Balcony repairs based on a study that was conducted
- Renovation of joint seals
Photos of the property for sale
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 4,5 |
|---|---|
| Average surface area of apartment | 4,5 |
| Average condition of the kitchen | 4,5 |
| Average condition of bathrooms | 4,5 |
| 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
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
"*" indicates mandatory fields
Aarne Urvas
Sami Suojala
Other apartments for sale
5 two-bedroom apartments
·
1 Tervapadankatu,
Hämeenlinna
Free
Price excluding taxes €106,000 – €116,000
Selling price €26,834.27 – €116,000
Five pre-leased townhouse apartments for sale in a building completed in 2016, offering a rental yield of over 7%
Cash flow €137.70 – €704.39
Rental income 7.16–7.29%
1 hour, 2 hours, and 3 hours
·
Mällinmutka 2, Kotka,
Eagle
Free
Price excluding taxes €17,000 – €27,500
12 apartments for sale in Kotka with an exceptionally high rental yield of 14–19%
Cash flow €223.73 – €434.35
Rental income 14.40–19.35%
2 bedrooms + kitchen + bathroom
·
5 Ala-Tonttilankatu,
Lahti
Free
Debt-free price €49,900
Selling price €33,968
Pre-leased two-room apartment with sauna in Lahti for sale, with a high rental yield of 9.68%
Cash flow €210
Rental income 9.68%
Would you like to be notified when a new investment property becomes available?
We publish new investment apartments for sale every week. If you would like to receive immediate notification of new investment apartments for sale by email, please subscribe to our apartment alert service by filling out the form below.
Apartments sell within a few days on average, so it is advisable to order an investment apartment alert and act quickly.
"*" indicates mandatory fields