Reasons to invest in the project M10 Co-living, Vilnius I:
Co-living project with children's playground and surface parking spaces;
Variable capital gains - investors' share of profits is 30%;
Interest is paid monthly to investors with an attractive annual return of 8% – 8.5% ;
Experienced project owner with extensive experience in the microflat segment;
The loan-to-value (LTV) ratio for this project is only 25%, maximum LTV for the entire project is 70%;
An independent appraiser appraised the project at 1,221,000 EUR.
InRento team presents a new buy-to-let project – M10 Co-living, Vilnius I. The investment offer consists of – three buildings and a plot of land located just 15 minutes away with a car from Vilnius Old Town at Mokyklos g. 10A, Galgiai, Vilnius district.
The funding includes a plot of land of 0.29 Ha and three buildings with a total area of 1612.66 m². The buildings are to be insulated and fully renovated following modern standards, meeting the requirements of the Class A housing category.
A total of 31 housing units are planned for these buildings, of which 14 will be one-room apartments, 12 will be two-room apartments, and 5 will be three-room apartments. In addition, a children's playground and surface parking spaces are planned in the nearby area. The project is focused on long-term rent and future sales.
The rental income is expected to generate EUR 12,600 per month, which covers the amount of interest paid to investors monthly. The project owner, Linas Ginaitis, successfully manages several buy-to-let projects on the InRento platform and does not have a single late project.
Investors will be paid a fixed annual interest of 8% – 8.5% depending on the amount invested.
The project allows investors to earn a return on variable capital gains (profit share) when the property is sold at a higher price. The investors' share of the profit (capital gains) is 30%. Please note that investors are subject to an accounting fee on capital gains, which depends on the amount invested; the higher the amount invested, the lower the accounting fee ratio. See below for more details.