Explore this opportunity: a 37 m² studio in a modern residential complex with panoramic city views, 15 minutes from central Riga. Ideal for a turnkey rental investment with short- and long-term income potential.
Studio of 37 m²
Rental status : Available to rent
Floor : 15/29
Aspect : South-east, central Riga view
Building condition : Fully renovated, excellent condition
Gross rental yield : from 6.7 % to 7.2 %
Net rental yield before tax : from 5.8 % to 6.3 %
Net rental yield after tax : from 5.1 % to 5.6 %
Expected capital return, assuming annual growth in the price per m² of 3 % : from 8.1 % to 8.6 %
Historical annual growth in the price per m² : 10.1 %
Gross annual income : 9 170 € to 9 934 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 2 116 € to 2 226 €
Net operating income: 7 053 € to 7 708 € /year
Sale price: 117 079€
Acquisition costs (notary 209 €, taxes 2 342 €, stamp duty 15 €, fees 6 800 €): 9 365 €
Furnishings : furniture and kitchen installation planned (11 000 € – already included in the total budget)
Renovation : 0 €
Improvements : 0 €
Total budget : 137 445 € (all expenses listed above included)
Price per m² : 3 715 €
Expected net gain on resale in year 6 : 49 911 € (ROI: 36.3%) to 53 142 € (ROI: 38.7%)
Expected net gain on resale in year 10 : 90 276 € (ROI: 65.7%) to 95 995 € (ROI: 69.8%)
Expected net gain on resale in year 16 : 159 088 € (ROI: 115.7%) to 168 978 € (ROI: 122.9%)
Short-term rental possible
*The photos show the actual apartment nº127.
*Figures are based on actual high- and low-season rents from our experience.
*We allow for 2 weeks of vacancy per year as a precaution. Full occupancy, which we generally experience, would improve the result.
*Negotiation may be possible when buying several units.
*LifeInvest®: a 360° turnkey service including exclusive properties, a stay in Riga, administrative and tax support, rental management, e-Residency, company formation, and a network of experts with aligned interests to optimise rental income.
Invest in a dynamic market offering modern comfort in a prime Baltic location.
Act promptly: these opportunities are limited.