Stepono 29, Vilnius
Reasons to invest in the project Stepono 29, Vilnius:
- The apartment is in an attractive location in Vilnius Old Town;
- The project owner is Nt invest ssg, MB. The company successfully administers a buy-to-let project: Mindaugo 23, Vilnius – financed on the InRento platform;
- Interest is 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);
- Fixed interest linked (indexed) to inflation;
- The loan-to-value (LTV) ratio for this project is 70%;
- An independent appraiser valued this apartment and the underground parking space at a total of EUR 186,000.
InRento team presents a new buy-to-let project: Stepono 29, Vilnius. The investment offer consists of apartment in Vilnius Old Town with underground parking space, located at 29 Šv. Stepono str.
The area of the financed apartment is 48.71 m². This apartment, located in an attractive location in the city, is oriented towards short-term rentals.
The project owner expects rental income of EUR 4,900 by the end of this year and EUR 15,600 in 2025, with administration costs of EUR 650 and EUR 2,050, respectively.
The project owner is Nt invest ssg, MB. The company successfully administers a buy-to-let project: Mindaugo 23, Vilnius – financed on the InRento platform.
Investors will be paid a fixed annual interest of 8.5% – 9%, 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 10% and 10.5% of the annual return.
This project has a fixed annual return on capital gains –
The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies. If the Loan is repaid after 36 months, a fixed return of 4.5% applies.
The profit margin is payable whether or not the Loan is repaid on the sale of the property.
2024-10-01
The mortgage agreement with the project owner has been successfully concluded and registered (the document can be found in the "Documents" section of the project description).
