Ready-to-move-in terraced house in good condition for sale with a rental yield of 10.71%
A terraced house in excellent condition for sale in Kangasvuori, Jyväskylä! Rental yield 10.71% and return on equity 28.70%.
Debt-free price €63,000
Cash flow / month €562.06
Rental income 10.71
Apartment details
| Address | Checkpoint 2 |
|---|---|
| Apartment | A 5 |
| Type | 3h + k |
| Area | 78.5m2 |
| Rent | 890 € |
| Maintenance fee | 327,94 € |
| Status |
Free
|
Pre-let high-yield terraced house in Kangasvuori, Jyväskylä, with a rental yield of 10.71%
- Apartment in good condition
- Already rented
- Smooth transport connections and comprehensive services nearby
- Renovation of balconies and facades in 2006
- Renovation of windows, apartment doors, and balcony doors in 2015–2016
- The apartment has an excellent rental yield of 10.71% and a strong cash flow of €562.06 per month.
- Return on equity up to 28.70% and cash flow €317.06/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 €245.00/month. Cash flow is calculated using the formula: rent + maintenance charge + loan repayment = €317.06/month.
Basic information about the housing company
- Name of housing company:Asunto Oy Jyväskylän Pohjoisrasti
- Building type:Row house
- Year of construction:1977
- Number of apartments:17
- Floors:2
- Elevator:No
- Sauna in the building:Yes
- Building material:Concrete / wood
- Roof type:Gable roof
- Roofing material:Tin roof
- Energy class:D2018
- Energy certificate:Yes (valid until May 22, 2034)
- Property antenna system:Cable TV
- Plot size:4,840 m²
- Land ownership:Own
- Property management:Sulun Kiinteistönhoito Oy
- Hosting:Sulun Kiinteistönhoito Oy
- Zoning situation:Local detailed plan (City of Jyväskylä)
- Heating:District heating
Renovations carried out in the housing company
- 1988– Flat roofs converted to pitched roofs
- 1992– Mailboxes replaced
- 1997– Waterproofing and drainage work in the upper courtyard area
- 2006– Renovation of balconies and facade, renovation of antenna network, and cleaning of ventilation system
- 2009– Waste shelter door and bird net installed, sealing of roof and roof fan connection points
- 2010– Renovation of the heat distribution room
- 2015–2016– Replacement of windows and apartment and balcony doors
- 2016– Lock replacement, ventilation duct cleaning, and new column lighting
- 2023– Roof repairs and replacement of roof safety products
- 2025– Installation of fire alarms in apartments
Maintenance and alteration work known to the company
- Installation of an access ramp (01/2026):The shareholder has been given permission to install an access ramp on the exterior door to facilitate wheelchair access. The ramp will be installed by the Finnish Association of People with Physical Disabilities or its partner. The shareholder is responsible for any repairs caused by the installation, as well as for dismantling the ramp and restoring the space to its original condition if the ramp is no longer needed or the resident moves out.
- Floor covering renovation (08/2025):Laminate or vinyl flooring has been installed in the apartment. An asbestos survey was carried out in connection with the work. The contractor was Parketti-Laatta-Matto Widgren Oy.
Company maintenance and renovation work in the apartment
- Bathroom renovation (2023):Renovation carried out by the housing association in an apartment where repairs were found to be necessary in 2022 (seams coming apart and wallpaper peeling). The contractor was TMI T. Isokääntä and the supervisor was Suomen Talokeskus Oy.
Maintenance needs assessment
- Renovation of roof covering and associated gutters and downspouts
- Assessing and repairing the condition of facade structures with energy efficiency in mind
- Maintenance and repair of concrete ground supports at the ends of buildings
- Replacement of roof fans
- Electric vehicle charging survey
- Note:The company does not have an official maintenance and renewal plan approved by the general meeting.
Photos of the property for sale
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 4 |
|---|---|
| Average surface area of apartment | 4 |
| Average condition of the kitchen | 4 |
| Average condition of bathrooms | 4 |
| 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.
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Kalle Lax
Aarne Urvas
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