A fully furnished 31 m² studio apartment in Rovaniemi, with a rental yield of over 12%
For sale: a 31 m² studio apartment in Rovaniemi that is already rented out, offering excellent rental income and a low, debt-free purchase price
Price excluding tax 20,500 €
Cash flow / month 216.67 €
Rental income 12.68 %
Apartment details
| Address | Sudentie 28–32 |
|---|---|
| Apartment | B 9 |
| Type | 1 hour + month |
| Area | 31m2 |
| Rent | 462,47 € |
| Maintenance fee | 245,80 € |
| Status |
Free
|
A fully leased studio apartment in Korkalovaara, Rovaniemi, with a 12.68% rental yield
- A fully rented apartment offering high returns at a very affordable price
- The apartment is located in a developing area just a short distance from downtown Rovaniemi
- The apartment is in generally good condition and has a long-term tenant
- The apartment has a rental yield of 12.68% and a strong cash flow of €216.67 per month
- With a down payment of just over €6,000, the monthly cash flow is a very good €133.67
- Return on equity of up to 34.08% and cash flow of €216.67/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 €83 in this calculation. Cash flow is calculated using the formula: rent + maintenance fees + loan payment = €133.67/month
Basic information about the housing company
- Name of the housing company:Asunto Oy Rovaniemen Sudentie 28-32
- Building type:Apartment building
- Year built:1987
- Number of apartments:58
- Floors:3
- Elevator:No
- Sauna in the building:Yes
- Building material:Concrete
- Roof type:Gable roof
- Roofing material:Tin roof
- Energy class:D2018
- Energy certificate:Yes (valid until December 15, 2032)
- Property antenna system:Cable TV
- Lot size:8,077 m²
- Land ownership:Leased
- Property Management:Kiinteistöhuolto Rovaniemi Oy
- Property Management:Retta Isännöinti Oy, Rovaniemi
- Zoning status:Local master plan (City of Rovaniemi)
- Heating:District heating
Renovations carried out in the housing company
- 2023– Video surveillance in outdoor areas
- 2024– Cleaning of HVAC ducts, adjustment of airflow rates, and cleaning of make-up air valves
- 2024– Securing loose steps in stairwells, repairing acoustic panels, and repainting graffiti on walls
- 2024– Repair of gutter slopes and repair of roof safety products
- 2024– Removal of broken and unwanted yard equipment (e.g., a climbing frame)
Maintenance Needs Assessment (2025–2030)
- 2025– Installation of smart smoke alarms in apartments (recommended)
- 2025– Maintenance cleaning of horizontal sewer lines
- 2025– Repair of broken downspouts
- 2025– Maintenance painting of the wooden parts of the facade
- 2025– Condition Survey of the Building Facade and Balconies
- 2026– Pipe System Condition Survey
- 2027– Lock Replacement
- 2027– Replacement of the district heating substation
- 2027– Repair of joints in facade elements
- 2028– Replace roof fans as needed
- 2029– Balcony and facade renovations
- 2029– Roof renovation (including structural repairs)
- 2029– Improving stormwater management (yard renovation including drainage improvements)
Photos of the property for sale
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 2,2 |
|---|---|
| Average surface area of apartment | 2,5 |
| Average condition of the kitchen | 2,5 |
| Average condition of bathrooms | 1,5 |
| 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
Rovaniemi as an Investment Destination
Rovaniemi – Santa Claus's hometown and an attractive investment destination
Rovaniemi, the capital of Lapland and the official home town of Santa Claus, has become one of Finland's most interesting residential investment destinations. The city's unique combination of tourist appeal, a growing student population, and stable employment creates an attractive environment for real estate investors.
Why choose Rovaniemi for real estate investment?
- Tourism Hub:Millions of tourists each year create a steady demand for short- and long-term rental apartments in the city.
- Popular with students:The University of Lapland and Lapland University of Applied Sciences attract thousands of students, ensuring a steady demand for rental properties.
- A Strong Economy:Rovaniemi is the economic hub of the Lapland region, offering a wide range of job opportunities in various sectors.
- Outlook:The city is investing heavily in the development of tourism and the construction of new residential areas, which bodes well for future increases in property values.
- Demand for rental housing:The Finnish Landlords Association’s 2024 City Ranking highlights Rovaniemi as a city where rental apartments are snapped up quickly.
Rovaniemi offers real estate investors the opportunity to benefit from the city's unique appeal and growth potential. The combination of affordable housing and stable rental income, as well as the lively tourist flows that enable short-term rental operations during long tourist seasons, make Rovaniemi an attractive option for both experienced and novice investors.
I would like to discuss this apartment
"*" indicates mandatory fields
Aarne Urvas
Sami Suojala
Other apartments for sale
3 bedrooms + kitchen + living room
·
5 Pellonpääntie,
Jyväskylä
Free
Debt-free price €29,900
A fully leased two-bedroom apartment in Haapaniemi, Jyväskylä, with a rental yield of over 12%
Cash flow €316
Rental income 12.68%
2 hours + month
·
7 Ala-Tonttilankatu,
Lahti
Free
Debt-free price €45,000
Sale price €35,461.47
Newly renovated one-bedroom apartment in Tonttila, Lahti; already leased with a rental yield of over 9%
Cash flow €344.05
Rental income 9.17%
2 hours + month
·
14 Shopping Street,
Lahti
Free
Debt-free price €47,000
Pre-leased two-room apartment with sauna in Lahti for sale, with a high rental yield of 9.68%
Cash flow €338.35
Rental income 8.64%
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