Location: Spinellikuja 9, Vantaa
Total area: 38,5 м²
2 rooms, bialcony Floor 2/8.
Completon: May 2019
The apartments are fully-equipped and they also come with kitchen furniture and home appliances. During the construction phase you can choose design of the apartment.
Since apartments in Finland are rented unfurnished, it means that you can rent it out from the very ﬁrst day after the completion of construction and guarantee yourself a steady rental income. Modern residential complex will be constructed in Kivistö. Kivistö is a district and major region of the municipality of Vantaa. There are also schools and kindergartens in the district of Kivistö. Moreover, a new shopping mall is going to be opened in 2020. Automatic waste collection systems installed in Kivistö. The pneumatic vacuum conveying system collects the waste from the waste inlets, via underground pipe network to a waste transfer terminal. The system produces no unpleasant smells or sounds with no garbage trucks involved.
Kivistö district reminds an oasis, because it is absolutely packed with gardens and forests. It would be a perfect choice for those who like urban life and very close proximity to the Vantaa airport. For instance, it takes at least seven minutes to get to the airport, 15 minutes to the major region Tikkurila and 28 minutes to the city center of Helsinki. Moreover, from the railway station it is also possible quickly to get to nearby cities.
In ﬁve years the proﬁt will amount to 37 080 euros excluding increase of the apartment’s value, which is equal to 3% per year (27 000 euros in 5 years).
Total cost €180 762
Sale price €54 229
Loan: €126 533
Down payment €27114
Sale price is paid in 3 stages:
The ﬁrst stage is €27 114 (50%) (after signing the contract)
The second stage is €2 24 565 (45.3%) (after the completion of construction)
The third stage €2 531 (1.4% of the total cost) (after the adoption of the apartment)
Mortgage rate 1.1% per year.
The loan will be taken out in full by the time the inside work on the building is finished.
Loan period 25 years, of which for the first 5 years you pay interest only.
The rental income: €870 per month
Utility bills: €135 per month
Interest rate (2019-2024): €117 per month
Rental yield calculation for new dwellings:
monthly: €870 – €135 (utility bills) – €117 (loan) = €588 annually: €618 x 12 = €7 416
Rental yield in first 5 years: €37 080
Estimated price growth in first 5 years (conservative): €18 000