Location: Martinpolku 12, Vantaa
Total area: 32.5 м²
2 rooms, balcony floor 6/8.
Completion June 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 is located in the central part of the district in close proximity to the railway station, swimming pools, shops, schools, kindergartens, hospitals and other important facilities. It would be a perfect choice for those who like urban life, very close proximity to the Vantaa airport and leisure facilities. From Martinpolku it takes at least 12 minutes to get to the airport and 21 minutes to the city center of Helsinki. Moreover, from the railway station it is also possible quickly to get to nearby cities.
After 4 years of renting, you can sell the apartment at the increased price or buy the entire apartment gradually through received rental payments.
Total cost €194 027,40
Sale price €58 208,22
Down payment €29104
Sale price is paid in 3 stages:
The ﬁrst stage is €29 104,11 (50%) (after signing the contract)
The second stage is €26 368,32 (45.3%) (after the completion of construction)
The third stage €2 716.4 (1.4% of the total cost) (after the adoption of the apartment)
Mortgage rate 0.95% 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 4 years you pay interest only.
Rental income: 840€ per month
Rental yield calculation:
monthly: €840 – €117 (utility bills) – €109 (loan) = €614 annually: €614 x 12 = €7 368
Rental yield in first 4 years: €29 472
Estimated price growth in first 4 years (conservative): €16 000