Well-maintained two-room apartment with a high rental yield of 9.9% in Oulu
This really neat two-room apartment with a sauna offers a return on equity of up to 24.89% and a cash flow of €167.25/month with 70% financing.
Debt-free price €39,900
Cash flow / month €329.25
Rental income 9.9
Information about the apartment
| Address | 9 Ruiskukkatie |
|---|---|
| Apartment | A 10 |
| Type | 2h + kk + s |
| Area | 42.5m2 |
| Rent | 495 € |
| Maintenance fee | 165,75 € |
| Status |
Sold
|
Fully furnished two-room apartment with sauna, offering a return on equity of up to 24.89%
- Up to 9.9% rental yield and €329/month cash flow
- Well-maintained investment apartment with a satisfied tenant
- The property is being sold at a very competitive price.
- Check out another property in Rajakylä, Oulu location
- Return on equity up to 24.89% and cash flow €167.25/month with 70% financing*
*Loan calculated based on a 20-year loan period and a total interest rate of 3.5%. The equity requirement is €11,970 and the loan repayment including interest is €162/month in this calculation. Cash flow is calculated using the formula: rent + maintenance charge + financing charge + loan repayment = €167.25/month.
Renovations completed:
- District heating distribution center renovated in 2022
- Renovation of floor drainage in the heat distribution center in 2022
- Roof leak repaired in 2022
- Air-tightness test of civil defense shelter conducted in 2017
- Ventilation ducts cleaned and air volumes adjusted in 2014
Future repairs and maintenance
- Checking the functionality of windows and exterior doors / maintenance if necessary (adjusting hinges and checking/replacing seals)
- Cleaning and adjusting IV channels
- Maintenance painting of steel pillars and beams in a carport
- Maintenance painting of carport, waste shelter, outdoor storage, and wooden parts of plot fence
- Renewal of concrete element joints
- Balcony glass maintenance (checking fastenings, inspecting moving components, and adjusting movement)
- Replacement of snow fences
- Inspection/maintenance of downspouts and eaves gutters
- Roof cleaning and maintenance painting
- Inspection and, if necessary, repair of plastic mat seams in apartment washrooms and saunas
- Renewal of lighting in common areas of the property or replacement of lamps with LED light sources (recommendation)
- Civil defense shelter leak test 2027
You can find more detailed information and materials about the housing company here.
Photos of the property for sale
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3,5 |
|---|---|
| Average surface area of apartment | 3,5 |
| Average condition of the kitchen | 3,5 |
| Average condition of bathrooms | 3,5 |
| 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
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 residential investors a combination of growth, stability, and appeal based on technological expertise. Affordable housing, a vibrant rental market, and the city's continuous development make Oulu an excellent choice for investors seeking both long-term cash flow and value appreciation.
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Aarne Urvas
Pasi Suojala
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