Reasons to invest in the project Manufaktūrų 7, Vilnius II:
Apartment in the centre of Vilnius;
Experienced project owner – successfully manages several similar buy-to-let projects financed on the InRento platform;
Interest paid monthly with an annual return of 6.5% – 6.8% 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 75%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 211,000 to EUR 252,000 over 8 months.
InRento team presents the second stage of the buy-to-let project – Manufaktūrų 7, Vilnius II. The investment offer consists of an apartment with underground parking space located in a centre of Vilnius – Manufaktūrų str. 7
The area of the apartment is 50.43 m². The first stage, which took place almost eight 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 211,000 to EUR 252,000 over 8 months.
This project will be rented for long-term. This three-room apartment with parking space expects to generate a monthly rental income of EUR 1,200. 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 annual interest of 6.5% – 6.8%, 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 8% and 8.3% of the 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.
The maximum loan term is 24 months.