Recent content by mapTheBench

If the costs are only slightly higher than expected, this could become an expensive way to earn a modest return. The villa is a 4-bed in Helsinki, priced at €791,200 after 118 days on the market. Rent is estimated at €2,994 a month, which puts the gross yield near 4.5%. I have included ordinary...

Tenant turnover could move the result more than a modest error in property tax. One vacant month cuts annual rent to €55,022, or about 4.9% gross before any other expense. At this rent level, I’d want to know the likely tenant group and whether €5,002 includes utilities, parking or furnishings.