Reasons to invest in the project Co-living: P97, Vilnius IV:
The project owner has concluded 33 lease agreements with tenants;
The project generates a monthly rental income of EUR 11,587:
Co-living apartments in Vilnius city;
Interest is paid monthly with an attractive annual return of 6.5% – 7%, plus the project has a fixed annual return on capital gains of +1.75%, which is payable at the end of the project;
The loan to value (LTV) of this project is very attractive at 57%;
An independent appraiser appraised the premises at EUR 1,407,000.
InRento team presents the fourth and final stage of financing for the buy-to-let project Co-living: P97, Vilnius IV. Co-living apartments are located at Pramonės str. 97, Vilnius.
The first stage of financing of this project was completed in May last year. During this period, the private and common areas of the property have been renovated, refurbished, and new lease agreements have been concluded with the tenants.
Currently, the owner of the project has 33 different lease agreements in place, generating EUR 11,587 per month in rental income. This provides a high margin of safety as the amount of income generated by the project owner is higher than the amount of interest paid to investors each month.
The total floor area of the project is 1341.15 m², consisting of the sixth, seventh and eighth floors and common areas.
Investors will be paid a fixed interest of 6.5% – 7% per annum, depending on the amount invested. The project also has a fixed annual capital gain percentage of 1.75%, payable at the end of the project, which raises the total yield of the project from 8.25% to 8.75% annual return.
The loan to value (LTV) of this project is very attractive at 57%. The total amount financed for all four phases is EUR 800,000, and the value of the collateral is EUR 1,407,000.