Reasons to invest in the project V39, Vilnius I:
Apartments in the up & coming area of Vilnius city;
Interest is paid monthly with an attractive annual return of 6.3% – 6.8%;
Fixed annual return on capital gains: +1.5% (paid at the end of the project);
Fixed interest indexed to inflation;
The loan-to-value (LTV) ratio for this stage – is 75%. The maximum LTV for the whole project is 75%;
An independent appraiser valued the premises at EUR 163,000.
InRento team presents a new buy-to-let project – V39, Vilnius I. The investment offer consists of a new apartment with an underground parking slot and a storage room located in a up & coming area of Vilnius at Verkių str. 39.
The area of the apartment is 48.17 m². During the first stage, the acquisition of the apartment will be funded, followed by a second stage of funding to settle the payments with the contractors after the furnishing is completed.
The project will be rented out for the long term. At the moment, the apartment has a partial installation. After furnishing it, the project owner expects to generate a monthly rental income of EUR 1,030 including the parking slot and storage space. The project owner Baltic Real, MB, is a company that successfully administers several similar buy-to-let projects on the InRento platform.
Investors will be paid a fixed annual interest of 6.3% – 6.8% 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 7.8% and 8.3% of the annual return.
The loan term for this project is only 12 months.