Reasons to invest in the project V1, Vilnius II:
The apartments are located in a rapidly growing part of Vilnius;
Interest paid monthly with an annual return of 6.5% – 6.7% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Fixed interest indexed to inflation;
The loan-to-value (LTV) ratio for this project is 70%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 135,000 to EUR 177,600 over 8 months.
InRento team presents the second stage of the buy-to-let project – V1, Vilnius II. The investment offer consists of a new apartment located at Vištyčio Str. 1, J. Bretkūno Str. 22, Vilnius.
The area of the apartment is 53.41 m². The first stage, which took place almost a nine month 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 135,000 to EUR 177,600 over 8 months.
This project will be rented for long-term. This three-room apartment is expects to generate a monthly rental income of EUR 850. The owner of the project is Baltic Real, MB. The company successfully manages several similar buy-to-let projects financed on the InRento platform.
Investors will be paid a fixed interest rate of 6.5% – 6.7% per annum, depending on the amount invested, every month. The 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 stage to between 8% and 8.2% of 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 maximum loan term is 24 months.