Mindaugo 23, Vilnius I

InRento team presents a new buy-to-let project: Mindaugo 23, Vilnius I. The investment offer consists of two fully furnished apartments located in the center of Vilnius – Mindaugo st. 23. 

The apartments have a total area of 39.84 m² and 44.80 m² respectively. These apartments are located in an attractive location in the city and are focused towards long-term rentals. 

In order to increase the project's yield and market attractiveness, the project owner plans to renovate and improve the condition of the apartments in order to bring them up to modern trends and standards. 

After the renovation works, the project owner forecasts a total rental income of EUR 15,600 in 2024 and EUR 16,800 in 2025. 

Investors will be paid a fixed interest rate of 7% – 7.5% per annum each month, depending on the amount invested. 

The project also has a fixed annual capital gains rate of 1.5%, payable at the end of the project, which raises the overall yield of the project from 8.5% to 9% 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. 

The profit margin is payable whether or not the Loan is repaid on the sale of the property. This project will be financed in two stages.