Explore this opportunity: a slightly larger 21.9 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 21.9 m²
Rental status : Available to rent
Floor : Ground floor
Aspect : West, open courtyard view
Building condition : Fully renovated, excellent condition
Gross rental yield : from 9.4 % to 10.6 %
Net rental yield before tax : from 7.3 % to 8.5 %
Net rental yield after tax : from 6.4 % to 7.5 %
Expected capital return, assuming annual growth in the price per m² of 3 % : from 9.4 % to 10.5 %
Historical annual growth in the price per m² : 10.1 %
Net income (after costs and taxes) : 262 € to 305 €/month or 3 139 € to 3 662 €/year
Monthly net wealth increase, including unrealised capital gains : 369 € to 412 €
Net value created over 20 years : 61 333 € to 71 712 €
Sale price : 39 900 €
Acquisition costs (notary 209 €, taxes 599 €, stamp duty 15 €, fees 6 800 €): 7 623 €
Furnishings : Included
Renovation : 0 €
Recommended improvements : 1 500 € (optional)
Total budget : 49 023 € (all expenses listed above included)
Price per m² : 2 239 €
Potential for short-term rental
Expected net gain on resale in year 6 : 20 795 € (ROI: 42.4 %) to 23 380 € (ROI: 47.7 %)
Expected net gain on resale in year 10 : 37 397 € (ROI: 76.3 %) to 41 972 € (ROI: 85.6 %)
Expected net gain on resale in year 16 : 65 586 € (ROI: 133.8 %) to 73 498 € (ROI: 149.9 %)
 
*The photos show the actual apartment nº29.
 
*Figures are based on actual high- and low-season rents from our experience. We manage 50 apartments in this building, including those owned by the head of LifeInvest®.
 
*Negotiation may be possible when buying several units.
 
Invest in a dynamic market offering modern comfort in a prime Baltic location. Act promptly: these opportunities are limited.