Pre-rented two-room apartment for sale in Jyväskylä, with a long-term tenant and a comfortable 10.11% return.

Positive cash flow of up to €123.90/month at the sale price

Debt-free price €36,900

Cash flow / month €123.90

Rental income 10.11

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Apartment details

Address Lingonberry Lane 1
Apartment B 27
Type 2 hours + month
Area 50.5m2
Rent 498 €
Maintenance fee 186,85 €
Financial compensation 186,85 €
Status
Free

Pre-rented two-room apartment for sale in Jyväskylä, with a long-term tenant and a comfortable 10.11% return.

  • Fully furnished, spacious two-room apartment with long-term tenant
  • Renovation of domestic water heat exchanger in 2020
  • Renovations carried out on the housing association's own property in 1999, see comprehensive material on the housing association.
  • The apartment has a rental yield of 10.11% and a strong cash flow of €123.90/month at the sale price.
  • Return on equity up to 26.64% and cash flow €167.75/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 €143.00/month. Cash flow is calculated using the formula: rent + maintenance charge + loan repayment = €167.75/month.

Basic information about the housing company

  • Name of housing company:Asunto Oy Jyväskylän Kangaspuistikko
  • Building type:Apartment building
  • Year of construction:1982
  • Number of apartments:91
  • Floors:4
  • Elevator:No
  • Sauna in the building:Yes
  • Building material:Concrete
  • Roof type:Flat roof
  • Roofing material:Felt roofing
  • Energy class:E2018
  • Energy certificate:Yes (valid until October 2, 2035)
  • Property antenna system:Cable TV
  • Plot size:8,840 m²
  • Land ownership:Own
  • Property management:360 Services Ltd
  • Host:Mikko Myllymäki, THR Palvelu Oy
  • Zoning situation:Local detailed plan (City of Jyväskylä)
  • Heating:District heating

Renovations carried out in the housing company

  • Asbestos survey:The building was constructed at a time when asbestos was in use; not all structures have been comprehensively surveyed.
  • 1999– Renovation (renovation of a 5-story point block and a 3-story lamella block: HVAC work, electrical work, balcony and facade repairs, apartment refurbishment)
  • 2011– Telephone laundry fund and Elisa broadband
  • 2014– Inspection of apartment plumbing fixtures
  • 2016– Replacement of locks on common areas and exterior doors
  • 2019– Inspection of apartment plumbing fixtures
  • 2020– Replacement of domestic hot water heat exchanger
  • 2022– Renovation of lighting in public areas

Maintenance needs assessment (next 5 years)

  • Maintenance repairs to building roofs
  • Painting concrete surfaces on balcony railings
  • Paintings in the interior corridors
  • Inspection of wet areas in apartments
  • Checking and fixing plumbing in apartments
  • Renewal of outdoor lighting
You can find more detailed information and materials about the housing company here.
I want to discuss the apartment
Check out the housing association's materials

Photos of the property for sale

Floor plan of the apartment

50.5 m2

Apartment condition points

Average condition score for the apartment 3
Average surface area of apartment 2,5
Average condition of the kitchen 3,5
Average condition of bathrooms 3
DescriptionConditionImpact on re-renting
1Broken and requires immediate replacement or repair.This will likely affect re-renting.
2Clear signs of wear, but still usable.May affect re-renting.
3In habitable condition and meets the tenant's needs.Unlikely to affect re-rental.
4Very neat and in good condition.Unlikely to affect re-rental.
5In 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!

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Check out the housing association's 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

Please note that this calculator is an indicative tool. It is intended to support your assessment and should not be considered investment advice or a binding financial calculation. Actual costs and returns may vary.

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?

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.

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