Available for funding: €0
Annual return rate:
Earn:–per year *
InRento presents a new rental project: Co-living: P97, Vilnius I. The investment case consists of a co-living apartment project in Vilnius, the capital of Lithuania. The property is located at Pramonės str. 97, Vilnius- just 15 minutes away with a car from the Vilnius oldtown.
The total area of the project is 1341.15 m², which consists of the premises and common areas on the sixth, seventh and eighth floors.
Currently, the sixth floor is fully equipped and fully rented out. The premises are generating EUR 6,162 in rental income per month from 18 tenants. The installation of the seventh and eighth floors is planned to be similar to the sixth. The project owner expects to generate EUR 18,000 in rental income per month after installing the additional two floors.
The project owner will pay a fixed 6.5-7% annual interest (as a rental return) depending on the amount invested. The 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 8.25% – 8.75% annual return based on the amount invested.
Reasons to invest in the project Co-living: P97, Vilnius I:
Financial terms of the investment:
“InRento“ investors are granting a loan to the borrower. The loan is secured with a first-charge mortgage which in case of the borrower’s inability to fulfil financial obligations would be used to repossess the asset.
This project will be funded in four phases:
The first phase (Co-living: P97, Vilnius I) will be funded with EUR 200,000;
The second phase (Co-living: P97, Vilnius II) will be funded with EUR 200,000;
The third phase (Co-living: P97, Vilnius III) will be funded with EUR 200,000;
The fourth phase (Co-living: P97, Vilnius IV) will be funded with EUR 200,000.
The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 1.75% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.75% applies. If the Loan is repaid after 24 months, a fixed return of 3.5% applies. If the Loan is repaid after 36 months, a fixed return of 5.25% applies. If the Loan is repaid after 48 months, a fixed return of 7% applies. If the Loan is repaid after 60 months, a fixed return of 8.25% applies.The profit margin is payable whether or not the Loan is repaid on sale of the property.
Up to 4999 € - the annual return is 6.5% + 1.75%.
5000 € – 14999 € - the annual return is 6.6% + 1.75%.
15000 € – 29999 € - the annual return is 6.7% + 1.75%.
30000 € – 49999 € - the annual return is 6.85% + 1.75%.
50000 € and more - the annual return is 7% + 1.75%.
Rental income (interest):
Rental income (interest) is paid to investors on a monthly basis (on the 15th day of the month). If the 15th day is a non-working day, then the next working day.The interest will be paid out the next month on the 15th after the mortgage is placed. The interest is calculated after the mortgage is being placed.
The project owner (borrower)
The borrower – Vistuva, UAB is a real estate company operating for more than 7 years. The director of this company – Aleksandr Volkov has been working in the Real Estate industry and successfully operating various Real Estate projects in Lithuania.
Frequently asked questions
When the project is fully funded you will be able to sell your investment on the secondary market. The fee for the secondary market transactions is 2% of the principal value, which is charged to the seller.
Yes! No matter what is the situation with the tenancy, the project owner is obliged to distribute fixed-interest to the investors.
When the property is sold at a higher price than it was acquired, the capital growth will be distributed among investors, project owner and InRento. The project owner assumes potential loss if the property is sold at a lower price. You can find more details by scrolling up this page.
Key investment risks:
Risk of falling prices: The price of the property might fall due to the increase in supply or decrease in demand in the area or other economic factors.
Liquidity risk: The borrower might be unable to find a buyer in order to sell the property.
Tenant risk: There is a risk that the asset can lose a tenant and it can take time to find replacements, which can have impact on the property's cash-flow.
|Borrower's equity exceeds the amount of financing needed||1 / B|
|Borrower's last year's net profit is sufficient to cover the fixed-interest||1 / B|
|Borrower's ability to repay liabilities in the past||1 / B|
|Property price comparison to a 3rd party valuation||0 / A|
|Property type||0 / A|
|Is there a tenant already||0 / A|
|Borrower's experience with rental properties||0 / A|
|Property occupany over the last 2 years (if it was rented)||2 / C|
|Will the property require renovation||2 / C|
|Micro-location||1 / B|
|Does the property have elevator if it's not ground floor?||0 / A|
|Does the property have dedicated parking slot near premises? (long-term rent)||0 / A|
|Property has all applicable certificates/zoning rights with at least 2 years before expiry date||0 / A|
|Borrower's Debt / Equity ratio||0 / A|
|Years since last renovation of the premises||-1 / A+|
|Total:||7 / B|
*InRento Risk rating is of an informative nature only and can not be considered investment advice. InRento is licenced and regulated by the Bank of Lithuania.
Investing with InRento is similar to owning a rental property, however with us you don't have to worry about day-to-day property management and in the periods of vacancies, the borrower is required to distribute fixed-interest payments, which protects your bottom line.
We would like to inform you, that the mortgage on the project – Co-living: 97, Vilnius asset has been successfully placed (the document is attached in the documents section). The interest for the project will be distributed next month.
If you have any questions, do not hesitate to contact us at email@example.com or call us at +37069347427.