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Buy-to-let project at Lithuanian resort town Birštonas;
Interest is paid monthly with an attractive annual return of 7% – 7.5%;
Fixed annual return on capital gains: 1.5% (paid at the end of the project);
The loan-to-value (LTV) ratio for this stage is 79%. The maximum LTV for the whole project is 80%;
Fixed interest linked (indexed) to inflation;
An independent appraiser valued the premises at 404,000 EUR.
InRento presents the second stage of the buy-to-let project – V23, Birštonas II. The investment offer consists of the guest house in the Lithuanian resort town of Birštonas, located at Vytauto g. 23.
The area of 431.45 m² includes eight individual apartments – one two-room apartment, one three-room apartment with a terrace, and an apartment with a pool and sauna. To increase rental income and area – apartments are planned to be renovated, including interior and exterior works.
The property is currently rented out to residents working in Birštonas. The apartments generate a monthly rental income of EUR 1,550.
Investors will be paid a fixed annual interest of 7% – 7.5% 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 from 8.5% to 9% of the annual return.
We kindly invite you to discover more about the city of Birštonas.
We would like to inform you that the mortgage on the project – V23, Birštonas I asset, has been successfully placed (the document is attached in the documents section).
The interest for the project will be distributed next month.
Please note, that the services offered by crowdfunding platform InRento may not be suitable for you depending on your investment experience, investment objectives, financial situation and the risks associated with this investment.