For sale: a three-room apartment in Lappeenranta with high rental income and tremendous cash flow
A competitively priced investment apartment in Lappeenranta is now available! The apartment is rented out and generates a very good monthly cash flow of €333 and a rental yield of up to 12.17%. With 70% financing , this property offers a generous 33.75% return on equity!
Debt-free price €32,900
Cash flow / month €333.63
Rental income 12.17
Apartment details
| Address | 3 A Saarenkatu |
|---|---|
| Apartment | 13 |
| Type | 3 rooms + kitchen |
| Area | 78.5m2 |
| Rent | 647,63 € |
| Maintenance fee | 314 € |
| Status |
Sold
|
Fully rented two-bedroom apartment with strong cash flow
- This property offers a very good cash flow of €333/month and a staggering 12.17% rental yield.
- The property is extremely competitively priced, with a debt-free sale price of only €32,900.
- The building has undergone renovation and the apartment is being sold fully furnished.
- Cash flow of up to €218/month with 70% financing and a staggering return on equity of 33.75%*
*Loan calculated with a 20-year loan period and a total interest rate of 3.5%. The loan repayment including interest is €115/month in this calculation. Cash flow is calculated using the formula: rent + maintenance charge + financing charge + loan repayment = €218/month.
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 3,3 |
|---|---|
| Average surface area of apartment | 3,25 |
| Average condition of the kitchen | 3,25 |
| 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
Lappeenranta as an investment city
In 2009, Lappeenranta was ranked fourth in terms of image in a comparison of Finland's major cities. The city has a population of approximately 73,000, and the wider Lappeenranta region has a population of approximately 88,000. In terms of population, Lappeenranta is Finland's 13th largest municipality and, together with its neighboring municipalities, the 11th largest urban area.
The population of this beautiful provincial capital of South Karelia, located on the shores of Lake Saimaa, has been growing over the long term. Lappeenranta is the ninth most favorable city for residential investment in the Finnish Landlords' city ranking. It ranked ahead of Jyväskylä, Lahti, and all cities in Uusimaa and the capital region except Helsinki.
Lappeenranta offers a wide range of study opportunities at Lappeenranta-Lahti University of Technology (LUT), LAB University of Applied Sciences, Saimaa Vocational College, and the Army Academy. Lappeenranta also offers courses at the Open University and the Open University of Applied Sciences.
Lappeenranta is also known as a sports city, with the Liiga club SaiPa as its crown jewel.
I want to discuss the apartment
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Aarne Urvas
Pasi Suojala
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