Reasons to invest in the project VG 6, Vilnius II:
Apartments in the modern area of Vilnius city, next to park of Ozas;
Interest paid monthly with an annual return of 6% – 6.2% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Experienced project owner with extensive experience in this type of buy-to-let projects;
Fixed interest indexed to inflation;
The loan-to-value (LTV) ratio for this project – is 68%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 150,000 to EUR 199,000 over six months.
InRento team presents the last stage of the buy-to-let project – VG 6, Vilnius II. The investment offer consists of a new apartment with underground parking and a storage room located in a modern area of Vilnius at Vito Gerulaičio str. 6.
The area of the apartment is 47.29 m². The first stage, which took place over six months ago, financed the acquisition of the property. All the fitting-out work has been completed, so the second stage is financed to pay the contractors.
According to the reports of an independent appraiser, the value of the property has increased from EUR 150,000 to EUR 199,000 over six months.
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 1,030 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 annual interest of 6% – 6.2% depending on the amount invested. This project has a fixed 1.5% annual capital gains, which are paid at the end of the project. This raises the overall yield of this stage of the project between 7.5% and 7.7% of the annual return.
Please note that the mortgage for this project will be signed today, 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.
The loan term for this project is only 12 months.