Reasons to invest in the project V3, Palanga I:
Fixed attractive annual rental yield: (6.07-6.57%);
Fixed annual return on capital gains: (+1.75%) (paid at the end of the project);
Modern and cozy apartments, less than 1.5 km away, are the main street of the Palanga and the coastline of the Baltic sea;
The fixed annual interest is indexed to inflation;
The independent valuer appraised the premises at EUR 132,000;
The “InRento“ team is introducing a new buy-to-let investment opportunity located in Palanga city, which is located right by the Baltic Sea and is one of the most popular travel destinations in Lithuania (referred to as V3, Palanga I). The investment opportunity consists of an apartment located in Virbališkių tak. 3K, Palanga.
The project owner will pay a fixed 6.07-6.57% annual interest (as a rental return) depending on the amount invested.
Currently, the 55.39 m² apartment is being refurbished into two smaller apartments. The planned installation is shown in the visualizations. The apartments will be oriented towards short-term rent. The planned price for one apartment (two rooms) during the summer season is 100 EUR per day and for the other apartment (single room) is 70 EUR per day. The project owner plans to generate up to EUR 15,000 in rental income per calendar year.
This project is even more attractive as it has a timeshare, meaning that investors are allowed to stay in these apartments for free if they invest a certain amount (more information at the bottom of the project description).
This project also has a fixed percentage of capital gains. Investors earn a fixed 1.75% return on capital gains per year, which raises the overall return on the project to 7.82% — 8.32% annual return based on the amount invested.
The loan term is only 18 months. After this term, the project owner plans to refinance or sell the property.