Reasons to invest in the project SK 12, Vilnius II:
The apartments are located in a promising location in Vilnius – Uptown;
Experienced project owner – successfully managing several similar buy-to-let projects on InRento platform;
Interest paid monthly with an attractive annual return of 7.5% – 7.8%, plus an additional fixed annual capital gains: +1.5% (paid at the end of the project);
Fixed interest linked (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 191,000 to EUR 225,000 over 9 months.
InRento team presents the second stage of the buy-to-let project – SK 12, Vilnius II. The investment offer consists of a new apartment with an underground parking slot located in a growing area of Vilnius – Uptown, at the address – Skroblų g. 12.
The area of the apartment is 49.27 m². The first stage, which took place almost 8 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 191,000 to EUR 225,000 over 9 months.
Other major developers are also planning large-scale developments in this particular location on Skroblų Street. With the development of these projects, the area will undergo a significant change and likely increase in value.
This project is focused on long-term rent. Expected to generate a rental income of EUR 1,000 per month from this three-room apartment together with an underground parking space. The owner of the project is Baltic Real, MB. The company has successfully administered several similar rental projects on the InRento platform.
Investors will be paid a fixed interest rate of 7.5% – 7.8% per annum each month, depending on the amount invested.
This project also has a fixed annual capital growth rate of 1.5% which is paid at the end of the project. This raises the total yield of this phase to between 9% and 9.3% 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.