Available for funding: €6 656
Annual return rate:
Earn:–per year *
*Occupancy calculator is informative nature.
InRento team presents a new buy-to-let project – R3, Vilnius. The offer consists of modern and high-quality furnished apartments located in the central part of Vilnius, with the address: Rinktinės st. 3A.
This fully furnished and already rented apartment is just a 10-minute walk from Vilnius Cathedral square. The apartment area is 54.92 m², with two rooms and a balcony overlooking the inner courtyard. Additionally, two underground parking spots belong to the apartment, increasing the property's overall attractiveness.
A long-term rental agreement is signed with a tenant. The apartment and two parking spaces are generating an income of EUR 1,535 per month.
Investors will be paid a fixed annual interest of 6.75% – 7.25% (as a rental return) depending on the amount invested. The project also has a fixed percentage of capital gains. Investors earn a fixed 1.5% return on capital gains per year, which raises the overall annual return on the project to 8.25% – 8.75%.
Reasons to invest in the project R3, Vilnius:
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 has a fixed annual return on capital gains –
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 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies. If the Loan is repaid after 36 months, a fixed return of 4.5% applies. If the Loan is repaid after 48 months, a fixed return of 6% applies. If the Loan is repaid after 60 months, a fixed return of 7.5% 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 6.75% + 1.5%.
5000 € – 14999 € - the annual return is 6.85% + 1.5%.
15000 € – 29999 € - the annual return is 6.95% + 1.5%.
30000 € – 49999 € - the annual return is 7.1% + 1.5%.
50000 € and more - the annual return is 7.25% + 1.5%.
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 company head of the MB "Baltic Real" – Darius Stravinskas, specializes in real estate (purchase, installation, rental and sale of objects).
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 Debt / Equity ratio||2 / C|
|Borrower's ability to repay liabilities in the past||-1 / A+|
|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|
|Will the property require renovation||0 / A|
|Micro-location||0 / A|
|Years since last renovation of the premises||0 / A|
|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|
|Total:||3 / A|
*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.