Lodz

Project:
Rental property for foreign employees’ needs (hostel for 10 people) with annual 9% ROI.
Project goal:
to find a property to lease to a company that provides housing to employees.
105 000$
Declared amount of investment
750$
Desired steady monthly income

Lodz is the third largest city in Poland. It's the centre of the textile industry with almost half of all Polish textile being produced here. Besides, it is in Lodz where the electronics factories are located

What’s been delivered as part of the project

01
Searching for and supporting the purchase of a property that would meet the investor's needs in terms of location, budget, and planned income - a 88 sq m flat.
88 000$
Property cost
8 500$
Renovating and furnishing the flat with all necessities
1 760$
Purchase tax, 2%
4 825$
Gremi Invest commission, 5%
103 085$
Total project cost
01
07
02
Fixing all organizational issues and providing full legal support:
Drawing up a contract with a renovation contractor and renovation support
Finding a leaseholder and agreeing on a lease payment of $1,560 per month (before taxes).
Paying utilities and other charges on behalf of the owner – 450$ per month.
Transfer of net income to the investor in the amount of $ 9,324 minus operational management fee*
The investor's net income minus all expenses amounts to $9,324 per year, or 9,04% ROI.
*Property operational management fee (30% of profit) is $3,996 per year.