High rental income two-room apartment in Mukkula, Lahti
This well-located, pre-let investment apartment offers a rental yield of 10.9% and a monthly cash flow of €326.
Debt-free price €36,000
Cash flow / month 326
Rental income 10.9
Information about the apartment
| Address | 4 Timonkatu |
|---|---|
| Apartment | F 42 |
| Type | 2h + k |
| Area | 53m2 |
| Rent | 560 € |
| Maintenance fee | 233 € |
| Status |
Free
|
High rental income two-room apartment in Mukkula, Lahti
- Fully rented two-room apartment with a high rental yield of 10.89%
- Pipe renovation in a housing association!
- Less than 1.5 kilometers from the Lahti University campus
- Cash flow up to €186.8/month with 70% financing*
*Loan calculated based on a 20-year loan period and a total interest rate of 3%. 30% equity capital is €12,000. The loan repayment including interest is €140/month in this calculation. Cash flow is calculated using the formula rent-maintenance charge-loan repayment = €186.8/month. month
Information about the housing company
- Name of housing company:Asunto-Oy Timontalot
- Building type:Apartment building
- Year of construction:1967
- Additional information about the year of construction:1967
- Number of apartments:66
- Floors:3
- Elevator:No
- The building has a sauna:Yes
- Building material:Concrete element
- Roofing material:Felt
- Roof type:Gable roof
- Energy class:D2018
- Property antenna system:Cable TV connection
- Plot size:1.10 ha
- Transport connections:Bus (distance approx. 0.5 km)
- Heating:District heating
- More information about heating:District heating
- Land rent:€12,005.92/year
- Landowner:City of Lahti
- Land ownership:Leased, lease agreement expires on December 31, 2030
Maintenance needs assessment by the board of a housing company
- 2025 Fire alarms for apartments
- 2025 Condition survey of facade and balconies
- 2025 Facade and balconies project plan including window and roof renovation
- 2026 Facade and balcony renovation, and replacement of windows and roofs
- 2029 Design and implementation of charging stations for electric and hybrid cars
Significant repairs or renovations carried out in the company
- 2023 Fire alarm system replaced in house 1
- 2022 Replacement/renewal of replacement air valve filters
- 2022 Cleaning of exhaust air ducts and adjustment of exhaust air valves
- 2019 Fire alarm system for house 2
- 2016 New ladders installed in both houses
- 2014 Renovated exterior doors of main entrances and painted garage doors
- 2013 Lighting installed in the parking area
- 2012 Playground built and electric car charging stations replaced
- 2011 Locks serialized
- 2011 Exhaust air ducts cleaned and exhaust air valves adjusted
- 2010 Facades repaired
- 2010 LVISA line renovation
- 2003 Windows and balcony doors replaced
- 2002 Garage doors panelled
- 1999 North and east facades painted
- 1995 Roof felt roofs replaced
- 1990 South and west facades painted
You can find more detailed information and materials about the housing company here.
Pictures of the apartment
Floor plan of the apartment
Apartment condition points
| Average condition score for the apartment | 2,85 |
|---|---|
| Average surface area of apartment | 2,5 |
| Average condition of the kitchen | 3 |
| 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
Lahti as an investment city
Lahti – A dynamic investment city in the heart of growing Southern Finland
Lahti, Finland's eighth largest city, is a lively and developing center that offers diverse opportunities for residential investors. With a population of over 120,000, the urban area provides a solid foundation for housing demand, and Lahti's location in the middle of Southern Finland's growth corridor reinforces its position as an attractive investment destination. The city's diverse services, strong industrial heritage, and investments in green technology make it a unique combination of tradition and future prospects.
Why choose Lahti for real estate investment?
Lahti is a city that leaves no one cold. Its excellent transport connections to Helsinki and elsewhere in Finland make it an ideal location for both work and leisure. The city's continuous development is reflected in the emergence of new residential areas, businesses, and services, which creates a stable foundation for housing demand and rental income. Lahti is also known for its active cultural and sporting life, which attracts residents and increases the city's appeal. Lahti's affordable housing offers a wide range of options, from new developments to renovated apartments, so every investor is sure to find a property that suits their budget and goals. Lahti is a city that pulsates with life and offers real estate investors the opportunity to be part of its success story.
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Aarne Urvas
Kalle Lax
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