Rented three-room flat with over 13% yield / €542 cash flow, Riihimäki

For sale: an investment flat right next to Riihimäki railway station, already fully rented out! (3 rooms + kitchen + balcony)

Return on equity?

With a 70% loan at 3% interest, return on equity rises up to 36.5%. If you need a bank, we have a contact who can arrange the financing smoothly since the property is familiar to the bank!

Why this property?

✅ Already rented to three long-term tenants

✅ Excellent lettability and central location

✅ Positive cash flow, net now: €542/month

✅ High rental yield: 13.04%

✅ Rental income per year: €6,504

✅ All the company's contracts were put out to tender in 2025, generating significant savings for the 2026 period

Distances:
➡️ 70 m K-Market

➡️ 100 m bus stop

➡️ 200 m railway station

➡️ 650 m Prisma

➡️ 650 m ice rink

➡️ Under 1 km to the town centre

➡️ 1.5 km Häme University of Applied Sciences

Shared flat

The flat has three lockable rooms, each with its own tenant. Demand for rooms has been steady and there are usually more applicants than vacant rooms. The revised student housing allowance guarantees demand in the future. The property has an excellent location in relation to Riihimäki schools. Shared flats are also advantageous in that if one tenant leaves, the cash flow does not turn negative as the other two tenants continue to pay their rent.

Tenants

Current total rents €864.92/month. This year, room tenancy agreements in the same building were signed at €300–€309/month, which would raise this flat's cash flow to over €600/month and the rental yield to over 14%. Two tenants have lived in their units for 3–6 years and one moved in this year.

Property features
What sets this property apart from other buildings in the area is, for example, the lift. Many buildings nearby lack this feature and, together with the proximity to the railway station, lettability has been exceptionally good. The building is investor-driven, so the service charge is kept moderate while maintaining essential items that preserve the property's value.

Planned renovations

A window replacement is planned in the coming years and is expected to bring significant energy savings. Costs per flat are modest, around €3,000 per unit, and will be recouped quickly as heating costs drop.

We represent the company on the board and will remain active after the sale. We are selling a few flats to get the bank to finance the next properties again and to diversify the housing company's ownership structure.