Reasons to invest in the project S21, Vilnius I:
The financed project is located in the central part of Vilnius city;
Interest is paid monthly with an attractive annual return of 8% – 8.5%, plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Experienced project owner – has already successfully realized or partially realised multiple buy-to-let projects financed via InRento platform;
The loan-to-value (LTV) ratio for this phase is 79%, the maximum LTV for the whole project is 80%;
The independent appraiser appraised the financed property at EUR 171,200.
InRento team presents a new buy-to-let project – S21, Vilnius I. The investment offer consists of three studio apartments located in the central part of Vilnius city, in a new conversion project, at T. Ševčenkos g. 21.
This conversion project has brought a former hotel in Vilnius' Uptown back to life. The project will consist of studio apartments with ceilings up to 4 metres high and communal areas for residents' leisure time. The project is also attractive because of its location, with easy access to the city centre by foot, public transport, bicycle, scooter or car. At the same time, everything you could possibly need is just around the corner.
The first stage finances the purchase of three studios, followed by a second phase to pay the contractors once the units are built. The plan is to take advantage of the high ceilings by installing a mezzanine floor, thus increasing the living space by up to 50%.
This project is oriented towards long term rentals. After all the fit-out works, the three studio apartments are expected to generate a total rental income of EUR 1,800 per month. This will be higher than the amount of interest paid by the project owner each month to the investors.
The owner of the project, Linas Ginaitis, has already successfully realized the majority of the S7, Vilnius rental project in this area, which was financed by the InRento platform.
Investors will be paid an attractive fixed interest rate of 8% – 8.5% per annum, depending on the amount invested.
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 of this phase to between 9.5% and 10% annual return.