Explore this opportunity: a slightly larger 23.8 m² studio in a recently built residence, 20 minutes from Riga. Ideal for a turnkey rental investment with short- and long-term income potential.
Studio of 23.8 m²
Rental status: Let until December 2026
Floor: Ground floor
Aspect: West
Building condition: Fully renovated, excellent condition
Gross rental yield: from 9.2 % to 9.7 %
Net rental yield before tax: from 7.5 % to 8.0 %
Net rental yield after tax: from 6.7 % to 7.1 %
Expected capital return, assuming annual growth in the price per m² of 3 %: from 9.7 % to 10.1 %
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 5 349 € to 5 654 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 446 € to 1 534 €
Net operating income: 3 903 € to 4 121 €/year
Sale price: 48 000 €
Acquisition costs (notary 209 €, taxes 720 €, stamp duty 15 €, fees 6 800 €): 7 744 €
Furnishings: included or customisable
Renovation: 0 €
Improvements: included in the total budget
Total budget: 58 244 € (all expenses included)
Price per m²: 2 447 €
Expected net gain on resale in year 6: 25 725 € (ROI: 44.2% ) to 26 810 € (ROI: 46.0%)
Expected net gain on resale in year 10: 46 291 € (ROI: 79.5% ) to 48 211 € (ROI: 82.8%)
Expected net gain on resale in year 16: 81 197 € (ROI: 139.4% ) to 84 518 € (ROI: 145.1%)
Short-term rental possible*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.