Reasons to invest in the project Mindaugo 23, Vilnius I:
The apartments are located in the center of Vilnius;
Interest is paid monthly with an attractive annual return of 7% – 7.5% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Fixed interest linked (indexed) to inflation;
The loan to value (LTV) for this phase is very attractive at 65%, the maximum LTV for the whole project is 65%;
The two apartments are appraised by an independent appraiser at a total of EUR 324,000.
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.