Didžioji 11, Vilnius IV

InRento team presents the last stage of financing of the buy-to-let project – Didžioji 11, Vilnius IV. 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% – 7.9% 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 9.4% 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.

This project has a fixed annual return on capital gains –

The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 1.5% shall be applied to the Instalment.

Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies. If the Loan is repaid after 36 months, a fixed return of 4.5% applies. If the Loan is repaid after 48 months, a fixed return of 6% applies. If the Loan is repaid after 60 months, a fixed return of 7.5% applies.

This project will be funded in four stages.