Reasons to invest in the project St. Stephen's apartment, Vilnius III:
Apartment located in the Old Town of Vilnius city;
The property is being financed together with its own parking slot and storage space;
Interest is payable monthly at 6% – 6.3% per annum, plus an additional fixed annual capital gains return of +1.5% (payable at the end of the project);
Fixed interest linked (indexed) to inflation;
Loan-to-value (LTV) of this project is 71%;
According to the reports of an independent property appraiser, since April this year, the value of the financed property has increased from EUR 206,000 to EUR 260,000.
InRento team presents a third and last stage of the buy-to-let project – St. Stephen's apartment, Vilnius III. The investment offer consists of a new apartment with an underground parking spot and storage room located in the old town of Vilnius at Šv. Stepono str. 33. Next to the conversion project “Vilnius Connect”, read more in our blog post.
The area of the apartment is 52.35 m². The first and second stages, which took place just over six months ago, financed the acquisition of the property. All the fitting-out work has been completed, so third stage is financed to pay the contractors.
According to the reports of an independent appraiser, the value of the property has increased from EUR 206,000 to EUR 260,000 since April this year.
This project focuses on long term rent. This three-room apartment, together with a parking space and a storage room, is expected to generate a rental income of EUR 1,300 per month. The owner of the project is Baltic Real, MB. The company successfully manages several similar buy-to-let projects on the InRento platform.
Investors will be paid a fixed interest rate of 6% – 6.3% per annum each month, depending on the amount invested. This project also has a fixed annual capital growth rate of 1.5% which is paid at the end of the project. This raises the total yield for this phase to between 7.5% and 7.8% annual return.
Please note that the mortgage on this project has already been signed, so the interest on this stage will start to accrue to the investors as soon as the money is actually disbursed to the project owner.