Reasons to invest in the project Pylimo 49, Vilnius:
The excellent location of the apartment – Vilnius Old Town;
Interest 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);
Timeshare – investments of EUR 5,000 or more provide free accommodation in these apartments;
The loan to value (LTV) for this project is 75%;
The apartment was appraised by an independent appraiser at EUR 373,000.
The InRento team presents a new buy-to-let project – Pylimo 49, Vilnius. The investment offer consists of a well-furnished apartment located in the Old Town of Vilnius, Pylimo st. 49-2A.
The area of the financed property is 84.42 m², consisting of four separate bedrooms and a common kitchen and living room area. The distinctive feature of this project is its location and the high quality and modern interior design solutions. The apartment even has three separate bathrooms, which is extremely rare for a property in the Old Town.
This project is oriented towards short-term rentals. The apartment is located just 550 meters from one of the city's main landmarks – Vilnius Town Hall.
This apartment has been successfully generating income since the middle of last year. In this context, the project owner expects to generate a rental income of EUR 49,000 over the coming years, with estimated rental service costs of EUR 7,100.
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 8.5% – 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 10% and 10.5% annual return.
The maximum loan term for this project is 36 months.