Reasons to invest in the project S33, 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 paid monthly with an annual return of 6.17% – 6.48% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
The loan-to-value (LTV) ratio for this project is 69%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 223,000 to EUR 284,000 over six months.
InRento team presents the last stage of the buy-to-let project – S33, 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 56.77 m². The first and second stages, which took place over six months ago, financed the acquisition of the property. All the fitting-out work has been completed, so the 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 223,000 to EUR 284,000 over six months.
The project will be rented out for the long term. At the moment, the apartment has a partial installation. After furnishing it, the project owner expects to generate a monthly rental income of EUR 1,300, including the parking slot and storage space. The project owner Baltic Real, MB, is a company that successfully administers several similar buy-to-let projects financed on the InRento platform.
Investors will be paid a fixed annual interest of 6.17% – 6.48% 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 7.67% and 7.98% of the annual return.