Reasons to invest in the project S21, Vilnius II:
The financed project is located in the central part of Vilnius city;
Interest is paid monthly with an attractive annual return of 8% – 8.3%, plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Experienced project owner – has already successfully realized or partially realised multiple buy-to-let projects financed via InRento platform;
The loan-to-value (LTV) ratio for this project is 79%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 171,200 to EUR 214,900 over 6 months.
InRento team presents the second stage of the buy-to-let project– S21, Vilnius II. The investment offer consists of three studio apartments located in the central part of Vilnius city, in a new conversion project, at T. Ševčenkos g. 21.
This conversion project has brought a former hotel in Vilnius' Uptown back to life. The project will consist of studio apartments with ceilings up to 4 metres high and communal areas for residents' leisure time. The project is also attractive because of its location, with easy access to the city centre by foot, public transport, bicycle, scooter or car. At the same time, everything you could possibly need is just around the corner.
According to the reports of an independent appraiser, the value of the property has increased from EUR 171,200 to EUR 214,900 over 6 months.
This project is oriented towards long term rentals. After all the fit-out works, the three studio apartments are expected to generate a total rental income of EUR 1,800 per month. This will be higher than the amount of interest paid by the project owner each month to the investors.
The owner of the project, Linas Ginaitis, has already successfully realized the majority of the S7, Vilnius rental project in this area, which was financed by the InRento platform.
Investors will be paid an attractive fixed interest rate of 8% – 8.3% per annum, depending on the amount invested.
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 of this phase to between 9.5% and 9.8% 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.