Reasons to invest in the project Didžioji 11, Vilnius II:
The excellent location of the property – close to Vilnius Town Hall;
Interest paid monthly with an attractive annual return of 7.5% – 8% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Timeshare – investments of EUR 5,000 or more provide free accommodation in these apartments;
Fixed interest linked (indexed) to inflation;
The LTV for this stage is very attractive at 49%, and the maximum LTV for the whole project is 70%;
The apartments were valued by an independent appraiser at EUR 607,000.
InRento team presents the second stage of financing of the buy-to-let project – Didžioji 11, Vilnius II. The investment offer consists of fully furnished property located in the Old Town of Vilnius, Didžioji street 11.
The area of the financed property is 112.22 m², consisting of an apartment divided into two separate units to increase rental yield. This project is focused on short-term rent and is exceptional with its location. The building is located just 150 meters from one of the city's main landmarks – Vilnius Town Hall.
These units have been successfully generating cash flow for more than two years. In this context, the project owner plans to generate a rental income of EUR 60,000 in the next calendar year.
The project owner – Daumantas Mikučionis, manages and owns dozens of apartments in Vilnius Old Town under his own brand – Domillion. On the Airbnb platform, you can find thousands of reviews from travellers about his services. The project owner also successfully manages several similar buy-to-let projects on the InRento platform.
The project also has a Timeshare, those investing from EUR 5,000 and up will have the opportunity to book a night's accommodation and stay for free. More information below.
Investors will be paid a fixed interest rate of 7.5% – 8% per annum, depending on the amount invested, every month. This project also has a fixed annual capital growth rate of 1.5%, payable at the end of the project. This raises the total yield for this phase to between 9% and 9.5% annual return.
Please note that the mortgage for this project signed, thus the interest for this phase will start to accrue to the investors as soon as the money is actually disbursed to the project owner.