Žemaitijos 1, Vilnius I

InRento team presents a new buy-to-let project – Žemaitijos 1, Vilnius I. The investment offer consists of premises in the prime street of Vilnius' Old Town with address: Žemaitijos g. 1B. 

Investment offering includes two apartments and three studios with a total area of 186.10 m². These fully furnished and well-equipped apartments are orientated towards short-term rent and are located in the Old Town of Capital Vilnius. The object is financed together with the land plot.

This project has a timeshare, whereby investors can stay in these premises for free if they invest more than EUR 5,000 (more information at the bottom of the project description).

The project owner – UAB “Ryto Projektas“. The manager of the company Daumantas Mikučionis manages and administrates tens of apartments in Vilnius old town under his brand name Domillion, you can find thousands of reviews on him via Airbnb. 

Investors will be paid a fixed annual interest of 6.1% – 6.6% depending on the amount invested. This project has a fixed 1.5% annual capital gains, which are paid at the end of the project. This raises the overall yield of the project between 7.6% and 8.1% annual return.

Investors in this project have the opportunity to stay free of charge in these apartments:

The reservations shall be made at least 45 days prior to the stay. You can book your visit via your InRento account. 

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 the sale of the property.

This project will be financed in third phases: 

The first phase (Žemaitijos 1, Vilnius I) will be financed with an amount of EUR 220,000; 

The second phase (Žemaitijos 1, Vilnius II) will be financed with an amount of EUR 170,000;

The third phase (Žemaitijos 1, Vilnius III) will be financed with an amount of EUR 149,500.