Explore this opportunity: a 33 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 32.9 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 7.1 % to 7.7 %
Net rental yield before tax : from 6.2 % to 6.7 %
Net rental yield after tax : from 5.4 % to 6 %
Expected capital return, assuming annual growth in the price per m² of 3 % : from 8.4 % to 9 %
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: 109 275 €
Acquisition costs (notary 209 €, taxes 2 121 €, stamp duty 15 €, fees 6 800 €): 9 209 €
Furnishings : furniture and kitchen installation planned (11 000 € – already included in the total budget)
Renovation : 0 €
Improvements : 0 €
Total budget : 129 485 € (all expenses listed above included)
Price per m² : 3 936 €
Expected net gain on resale in year 6 : 48 900 € (ROI: 37.8 %) to 52 131 € (ROI: 40.3%)
Expected net gain on resale in year 10 : 88 341 € (ROI: 68.2%) to 94 059 € (ROI: 72.6%)
Expected net gain on resale in year 16 : 155 545 € (ROI: 120.1%) to 165 435 € (ROI: 127.8%)
Short-term rental possible
*The photos show the actual apartment nº123.
*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.