Vanagupė 38, Palanga I

InRento team presents a new buy-to-let project – Vanagupė 38, Palanga I. The investment offer consists of a new apartment located in the Lithuanian resort city – Palanga. 

The area of the financed apartment is 46.67 m². During the first stage, the acquisition of the project will be funded, followed by a second stage of funding after the furnishing is completed.

This project will be rented for short-term rent. After the furnishing works are carried out, the project is expected to generate more than €12,000 of rental income during the period from April to the end of the year 2023. In the upcoming year of 2024 – the project owner expects rental income to be more than €14,000.

Investors will be paid a fixed annual interest of 5.7% – 6.1% 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 this stage of the project between 7.2% and 7.6 of annual return.

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.

This project will be funded in two stages.