Location: Unikkotie 11, Vantaa
Total area: 33 м²
1 room, balcony, floor 6/8.
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 the inner core of the Finnish Capital region, in the center of the city Vantaa and fast developing district Tikkurila. It is located close to the railway station, shops, schools, kindergartens, hospitals and other important facilities. The house is located on pedestrian street in the central part of the city close by supermarket Prisma.
It takes 7 min to get to the airport and 20 minutes to the city center of Helsinki. From the railway station it is possible to get to nearby cities: to Lahti - 32 min, to Hämeenlinna - 47 min, to Kouvola and Tampere - 67 min.
Total cost €189 720
Sale price €47 095
Loan: €142 500
Down payment €4 710
During the construction work the apartment is paid at 10% of the sale value in ten instalments.
Thus, once the apartment is ﬁnished and ownership is established, the buyer has already paid the full price.
Mortgage rate – 1.2%
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 3 years you pay interest only.
Rental income: 830€/month
Rental yield calculation:
monthly: €830 – €122 (utility bills) – €120 (loan interest) = €588 annually: €588 x 12 = €7 056
Rental yield in first 3 years: €21 168 euros
Estimated price growth in first 3 years (conservative): €15 000