Vanagupė 38, Palanga II
Reasons to invest in the project Vanagupė 38, Palanga II:
- Apartment in an attractive part of Palanga;
- Interest is paid monthly with an annual return of 5.7% – 5.9%
- 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 project – 57%;
- An independent appraiser valued the apartment at 140,000 EUR.
InRento team presents the second and last stage of buy-to-let project – Vanagupė 38, Palanga II. 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. This project will be rented for short-term rent. The project owner 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% – 5.9% 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 7.4 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.
2023-05-03
We would like to inform you that the mortgage on the project’s – Vanagupė 38, Palanga asset, has been successfully placed (the document is attached in the documents section).
The interest payment for this project will be distributed next month.
