Real Estate Investment blog

Q1 2020 property overview

Residential area houses
Reading Time: 4 minutes

In the past, our property overviews were sent via email only to users who are invested in a particular project. Starting from now, the overviews of our rental properties will be available for everyone. Also, we believe this will increase transparency. Besides, all our users will have a better overview of what’s happening with the properties on Reinvest24 – real estate crowdfunding platform. In addition, it is very important as the secondary market launch approaches and our investors will be able to invest in already working properties in the near future.

High yielding office space in Rocca Al Mare

Rocca-al-mare laev
Address: Vabaõhumuuseum tee 1, Tallinn

Income and costs:

JanuaryFebruaryMarch
Gross rental: 2008 EURGross rental: 2733 EURGross rental: 3300 EUR
Platform fee: 0 EURPlatform fee: 0 EURPlatform fee: 0 EUR
Profit: 2008 EURProfit: 2733 EURProfit: 3300 EUR
Payout: 2008 EURPayout: 2733 EURPayout: 3300 EUR
2020 Q1
  • Until this property gets fully funded, the monthly rental payouts are proportional, based on the days user was invested in the previous month.
  • Also, until the property is fully funded, Reinvest24 will not take any management fees.
  • Besides, the tenant is well-capitalized and there should not be any issues with the rental payments in the lockdown period.
  • Currently, we plan to keep this property long-term, as the property is well secured with a good rental contract for the next 8 years period and has a great potential for capital growth!

Restaurant and wine boutique commercial space in Kadriorg

Terase 16 Kadriorg
Address: Terase 16, Tallinn

Income and costs:

JanuaryFebruaryMarch
Gross rental: 2333 EURGross rental: 2333 EURGross rental: 2333 EUR
Platform fee: 233 EURPlatform fee: 233 EURPlatform fee: 233 EUR
Land tax: 77,25 EUR
Profit: 2100 EURProfit: 2100 EURProfit: 2022,75 EUR
Payout: 2100 EURPayout: 2100 EURPayout: 2022,75 EUR
2020 Q1
  • Net rental yield in 2020 Q1: 6,84% (01.01-31.03).
  • The first land tax payment 77,25 eur was made in March, second payment in the same amount will be made in October.
  • The new appraisal report is planned for the second part of 2020. It will be made, once the purpose of the property is changed to commercial space (notarial obligation of the previous owner).
  • Also, this property has a tenant who is suffering from the current lockdown. As of now, we are discussing options to postpone some part of the next 2 month rental payments to the second part of the year. But this will not have any negative effects on the total rental income in 2020.

Land plot with existing cash flow and development potential

Vinkli 9
Address: Vinkli 9, Tallinn

Income and costs:

JanuaryFebruaryMarch
Gross rental: 1900 EURGross rental: 1900 EURGross rental: 1900 EUR
Platform fee: 190 EUR
Other costs: 20 EUR
Platform fee: 190 EUR
Other costs: 20 EUR
Platform fee: 190 EUR
Other costs: 20 EUR
Profit: 1690 EURProfit: 1690 EURProfit: 1690 EUR
Payout: 1690 EURPayout: 1690 EURPayout: 1690 EUR
2020 Q1
  • Net rental yield in 2020 Q1: 7,44% (01.01.2020 – 31.03.2020)
  • During the past 6 months, we have been in contact with real estate developers who are interested to build on this land. Moreover, we already have some options on the table and most likely the profitable exit will happen within 2020.

Land plot with cash flow and signed buyout

Vinkli 10
Address: Vinkli 10, Tallinn

Income and costs:

JanuaryFebruaryMarch
Gross rental: 1300 EURGross rental: 1300 EURGross rental: 1300 EUR
Platform fee: 130 EUR
Other costs: 20 EUR
Platform fee: 130 EUR
Other costs: 20 EUR
Platform fee: 130 EUR
Other costs: 20 EUR
Profit: 1150 EURProfit: 1150 EURProfit: 1150 EUR
Payout: 1150 EURPayout: 1150 EURPayout: 1150 EUR
2020 Q1
  • Net rental yield in 2020 Q1: 6% (01.01.2020 – 31.03.2020)
  • It is stated, that the latest exit date for this property is 2021 May, but currently, it seems that we are going to be able to finalize the preliminary agreement within 2020.

Rental apartments in Tallinn´s tech hub

Majaka 54 - 13
Address: Majaka 54-13, Tallinn

Income and costs:

JanuaryFebruaryMarch
Gross rental: 1200 EURGross rental: 1200 EURGross rental: 1200 EUR
Platform fee: 100 EURPlatform fee: 100 EURPlatform fee: 100 EUR
Profit: 1100 EURProfit: 1100 EURProfit: 1100 EUR
Payout: 1100 EURPayout: 1100 EURPayout: 1100 EUR
2020 Q1
  • Net rental yield in 2020 Q1: 8% (01.01.2020-31.03.2020)
  • The property has been rented out short-term and operator paid us fixed monthly payments of 1200 EUR (600 EUR for both units).
  • Despite the fact that lockdown has caused the operator to renounce the operations, we are now in progress of renting out both units month by month (for some period of time). Thus, this could have a small impact on the rental yield.
  • At the same time, we are also looking for options to exit this property, as operating just 2 small units in a building is not efficient.

Office and Crypto hotel project

Vinkli 13 facade
Adress: Vinkli 13, Tallinn

Income and costs:

JanuaryFebruaryMarch 6 days
Gross rental: 1950 EURGross rental: 1950 EURGross rental: 266,9 EUR
Platform fee: 195 EUR
Other costs: 377 EUR
Platform fee: 195 EUR
Other costs: 377 EUR
Platform fee: 0 EUR
Other costs: 0 EUR
Profit: 1379 EURProfit: 1379 EURProfit: 266,9 EUR
Payout: 1379 EURPayout: 1379 EURPayout: 266,9 EUR
2020 Q1

Finally, are you looking for the investment strategy where the monthly cash flow of dividends is in the foreground? Then Reinvest24 real estate crowdfunding platform is the best choice of yours. Seed your future profits now and don’t forget to follow the rest of our property overviews.

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