Explore this opportunity: a 25.0 m² mezzanine apartment in Riga's Latgales district. Suitable for a rental investment with a LifeInvest® renovation and furnishing plan.
PROPERTY DETAILS
• Type: Mezzanine
• Lot: 126
• Area: 25.0 m²
• Floor: 3/3
• View / aspect: West · open courtyard
• Local area: Riga — Latgales district
• Investment profile: Resale — tenanted property
• Current status: Let at 340 €/month · registered lease until 30/06/2027
ACQUISITION BUDGET
• Seller's price: € 47 500 (€ 1 900/m²)
• Acquisition duties / taxes: € 713
• Stamp duty: € 15
• Notary: € 209
• Improvements / renovation: € 0
• Furniture & kitchen: € 0
• LifeInvest® fees: € 6 800
• Total all-in budget: € 55 237 (€ 2 209/m² all-in)
RENTS & RETURNS
• Monthly rent Base / Upside: € 340 – € 360
• Gross annual rent — Year 1: € 4 080 – € 4 320
• Gross yield — Year 1: 7.4% – 7.8%
• Effective net yield — Year 1: 5.1% – 5.4%
• Projected average effective net yield — 10 years: 5.5% – 6.0%
• Projected average effective net yield — 20 years: 6.3% – 6.8%
• Average annual operating costs — 20 years: € 1 608 – € 1 648
• Average annual net income — 20 years: € 3 474 – € 3 733
RESALE PROJECTION
• Projected total ROI on resale — Year 6: 25.9% – 28.3%
• Projected total ROI on resale — Year 10: 58.8% – 63.0%
• Projected total ROI on resale — Year 20: 114.6% – 121.7%
MODEL ASSUMPTIONS
• Rental management: € 40/month, or € 480/year, without inflation adjustment
• Accounting & tax support: € 200/year
• Insurance: € 55/year
• Conservative vacancy allowance: 14 days/year
• Annual rent growth: 2.25%
• Operating cost inflation: 1.98%, excluding management fixed at € 40/month
• Annual property value growth: 3.00%
• Refurbishment reserve: € 200 in year 3 ; € 300 in year 6 ; € 400 in year 9 ; € 500 in year 12 ; € 600 in year 15 ; € 700 in year 18
The Base scenario uses documented existing rents in the same building or comparable LifeInvest® units. The Upside scenario uses a documented rental level supported by the market or planned improvements.
Projections are estimates and do not guarantee future performance.
Reserve this opportunity online to secure your position on unit 126.