Explore this opportunity: a 37.5 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 37.5 m²
Rental status : Available to rent
Floor : 6/29
Aspect : South-east, central Riga view
Building condition : Fully renovated, excellent condition
Gross rental yield : from 6.5 % to 7.1 %
Net rental yield before tax : from 5.6 % to 6.1 %
Net rental yield after tax : from 4.9 % to 5.4 %
Expected capital return, assuming annual growth in the price per m² of 3 % : from 7.9 % to 8.4 %
Historical annual growth in the price per m² : 10.1 %
Gross annual income : 8 406 € to 9 170 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 2 006 € to 2 116 €
Net operating income: 6 400 € to 7 054 € /year
Sale price: 109 448 €
Acquisition costs (notary 209 €, taxes 2 189 €, stamp duty 15 €, fees 6 800 €): 9 198 €
Furnishings : furniture and kitchen installation planned (11 000 € – already included in the total budget)
Renovation : 0 €
Improvements : 0 €
Total budget : 129 661 € (all expenses listed above included)
Price per m² : 3 458 €
Expected net gain on resale in year 6 : 45 691 € (ROI: 35.2%) to 48 922 € (ROI: 37.7%)
Expected net gain on resale in year 10 : 82 665 € (ROI: 63.8%) to 88 384 € (ROI: 68.2%)
Expected net gain on resale in year 16 : 145 733 € (ROI: 112.4%) to 155 623 € (ROI: 120.0%)
Short-term rental possible
*The photos show the actual apartment nº46.
*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.