Explore this opportunity: a slightly larger 29.7 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 29.7 m²
Rental status : To be confirmed
Floor : Ground floor
Aspect : West, courtyard view
Building condition : Fully renovated, excellent condition
Gross rental yield : from 7.9 % to 8.9 %
Net rental yield before tax : from 6.2 % to 7.2 %
Net rental yield after tax : from 5.4 % to 6.3 %
Expected capital return, assuming annual growth in the price per m² of 3 % : from 8.4 % to 9.3 %
Historical annual growth in the price per m² : 10.1 %
Gross annual income : 4 585 € to 5 196 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 723 € to 767 €
Net operating income : 3 139 € to 3 662 € /year
Sale price : 49 000 €
Acquisition costs (notary 209 €, taxes 735 €, stamp duty 15 €, fees 6 800 €): 7 759 €
Furnishings : 0 €
Renovation: 0 €
Improvements : 1 500 €
Total budget : 58 259 € (all expenses listed above included)
Price per m² : 1 962 €
Expected net gain on resale in year 6 : 21 975 € (ROI: 37.7 %) to 24 560 € (ROI: 42.2 %)
Expected net gain on resale in year 10 : 39 654 € (ROI: 68.1 %) to 44 229 € (ROI: 75.9 %)
Expected net gain on resale in year 16 : 69,717 € (ROI: 119.7 %) to 77,630 € (ROI: 133.2 %)
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.