Two fully leased 92-square-meter units in Oulu with high rental yields of 11.7–13.88%
Properties with a return on equity of up to 38.14% and cash flow of €263/month with 70% financing
Price excluding tax 34,500 – 45,900 €
Cash flow / month 399 – 449 €
Rental income 11.7–13.88 %
Apartment details
| Address | 11-13 Ruiskukkatie |
|---|---|
| Apartment | B 13 (RESERVED) and C 25 |
| Type | 4 bedrooms + kitchen |
| Area | 92 sq.m. |
| Rent | 790–840 € |
| Maintenance fee | 391 € |
| Status |
Free
|
Ready-to-rent units in Rajakylä, Oulu, with high rental yields
NOTE. APARTMENT B 13 IS RESERVED
- A fully furnished, basic apartment and a recently renovated apartment from the same company
- The location of our family home is perfect, since the daycare center and schools are right next door
- A well-maintained building that underwent a major renovation in 2000–2001
- The apartments offer a high rental yield of 11.74–13.88%, and the return on equity is excellent
- Here you can choose whether you want an affordable apartment that doesn't need renovating or a similarly renovated one that still generates a high rental yield
- Return on equity of up to 38.14% and cash flow of €263/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 €140–186 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees – loan payment = €259–263 per month
Basic information about the housing company
- Name of the housing company:Asunto Oy Oulun Ruiskukkatie 11-13
- Building type:Apartment building
- Year built:1974
- Number of apartments:43 (including 8 new apartments from the 2000–2001 expansion)
- Floors:4
- Elevator:No
- Sauna in the building:Yes (currently out of service)
- Building material:Concrete
- Roof type:Flat roof
- Roofing material:Felt roofing
- Energy class:E2018
- Energy Performance Certificate:Yes (valid until March 28, 2035)
- Property antenna system:Cable TV
- Lot size:2,774 m²
- Land ownership:Leased
- Property Management:Oulu Kotikatu Oy
- Hosting:Oiva Isännöinti Noste Oy
- Zoning status:Local master plan (City of Oulu)
- Heating:District heating
Renovations carried out in the housing company
- 2000–2001 – Renovation and expansion:
- Expansion:Eight new apartments were built.
- HVAC systems:The district heating substation has been renovated, the ductwork between buildings has been replaced, the line control, line shut-off, and radiator valves have been replaced, and the system has been adjusted. Water supply network and fixtures replaced. Internal and external sewer lines replaced with plastic pipes (vertical risers made of sound-insulated cast iron). Bathroom floor drains replaced. New stormwater sewer lines and drains installed.
- Ventilation:Ducts have been cleaned, exhaust fans have been refurbished (motors, bearings, and belts replaced), and the control system has been converted to pressure-controlled operation using variable-frequency drives. Individual exhaust fans have been installed in the new apartments.
- Facades and exterior cladding:Windows and balcony doors replaced; new window openings created in the gables. The outer shell of the gables’ sandwich structure has been replaced with insulated plaster (1st floor: brickwork). The panels between the windows have been replaced with facade elements. The roof has been replaced and the facades have been painted.
- Apartments:Apartment doors replaced, bathrooms renovated, surface materials and built-in fixtures replaced.
- 2024– Inspection and maintenance of plumbing fixtures
- 2024– Repair and maintenance painting of yard fences
- 2024– Painting the carport and bike shed
- 2024– Repair and painting of cracks in balcony panels
- 2024– Renovation of cage storage facilities and construction of additional storage facilities
Maintenance needs assessment (2025–2029)
- 2025– Cleaning of ventilation ducts
- 2025– Replacement of smoke detectors in all apartments and common areas
- Window and Door Seals– Inspection and Repair of Seals and Hardware
- Bathrooms– Inspection of the condition of welded seams in vinyl flooring and repairs as needed
- Roof– Annual Inspection
- Balconies– Condition Inspection of Pieliseinät
- Facade– Replacement of panel joints
Photos of properties for sale
You can find more photos of the properties in the housing association materials
Floor plans of apartments
Apartment condition points
| Average condition score for the apartment | 2.6 – 4 |
|---|---|
| Average surface area of apartment | 2.5 – 4 |
| Average condition of the kitchen | 2.5–3.5 |
| Average condition of bathrooms | 3–4.5 |
| 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
Oulu as an investment city
Oulu – A northern growth center full of opportunities
Oulu, the capital of Northern Finland and the fifth largest city in Finland, has long been one of the most attractive investment destinations in the northern half of the country. With over 210,000 inhabitants, Oulu is known for its technological expertise, diverse educational offerings, and continuous population growth. Thanks to these factors, Oulu offers residential investors a stable and developing operating environment.
Why invest in Oulu?
Growing population – steady demand for rentals:Oulu's population has been growing steadily, with young adults and students making up a significant portion of the city's population. This creates continuous and stable demand for rental apartments both in the city center and in developing suburban areas.
- A student city with plenty of tenants:Oulu University and Oulu University of Applied Sciences attract tens of thousands of students every year, keeping the rental market active, especially for studio and one-bedroom apartments. In addition, many students stay in the area to work after graduation.
- A technology city with a growing economy:Oulu is internationally renowned for its high-level technology development and ICT expertise. The city is home to major employers such as Nokia, the University of Oulu, and companies in the health technology sector. The strong employment situation also creates a stable demand for family housing.
- Reasonable price level in relation to returns:Although Oulu is a large city, housing prices remain more moderate compared to the major cities in southern Finland. This enables competitive rental returns and a better investment yield.
- Developing urban structure and living environment:Oulu is investing heavily in the development of new residential areas, transport links, and services. Hiukkavaara and Linnanmaa, for example, are developing areas that combine modern construction with a functional everyday environment.
Oulu offers real estate investors a combination of growth, stability, and appeal rooted in technological expertise. Affordable housing, a vibrant rental market, and the city’s ongoing development make Oulu an excellent choice for investors seeking both long-term cash flow and capital appreciation.
I would like to discuss this apartment
"*" indicates mandatory fields
Aarne Urvas
Sami Suojala
Other apartments for sale
2 rooms + kitchen and 3 rooms + kitchen
·
3 Karhitie,
Hämeenlinna
Free
Price excluding taxes €39,000 – €42,000
Two- and three-bedroom apartments in Hämeenlinna with high rental yields for sale
Cash flow €405.93 – €413.34
Rental income 11.81–12.49%
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