Reasons to invest in the project St. Stephen's apartment, Vilnius I:
Apartment located in the Old Town of Vilnius city;
The property is being financed together with its own parking slot and storage space;
Interest is paid monthly to investors with an attractive annual return of 7% to 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 phase is very attractive at 49%, with a maximum LTV of 75% for the whole project;
The apartments with a parking slot and storage space were appraised by an independent appraiser at EUR 206,000.
InRento team presents a new buy-to-let project – St. Stephen's apartment, Vilnius I. The investment offer consists of a new apartment with an underground parking spot and storage room located in the old town of Vilnius at Šv. Stepono str. 33. Next to the conversion project “Vilnius Connect”, read more in our blog post.
The area of the apartment is 52.36 m². During the first stage, the acquisition of the apartment will be funded, followed by the second and third stages 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 1,300, 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 financed on the InRento platform.
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 this stage of the project between 8.5% and 9% of the annual return.