Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Brera
Tweak any input — down payment, mortgage rate, hold horizon — and the projection refreshes instantly. Country-specific tax and fee schedules are baked in; the formula is documented on the methodology page.
Cap rate
3.4%
Cashflow / mo
-797
10-yr return
35%
Net cashflow / mo
-797
EUR · after debt service & taxes
Cap rate
3.4%
NOI ÷ asking price
Cash-on-cash
-4.8%
Year-1 cashflow ÷ cash-in
10-yr total return
35%
3.0% annualised
💼 Acquisition
Asking price
511000 EUR
Down payment (30%)
153300 EUR
Acquisition fees (9.0%)
45990 EUR
Mortgage principal
357700 EUR
Total cash-in at close
199290 EUR
🏦 Financing
Loan amount
357700 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
1948 EUR
Annual debt service
23374 EUR
📊 Year-1 operating P&L
Gross rent
+22995
Operating costs (24%)
−5519
Net operating income (NOI)
17476
− Debt service
−23374
− Income tax (21%)
−3670
Net cashflow
-9568 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 22995 | 5519 | -9568 | 520198 | 170650 |
| Y2 | 23409 | 5618 | -9319 | 529562 | 188524 |
| Y3 | 23830 | 5719 | -9066 | 539094 | 206939 |
| Y4 | 24259 | 5822 | -8809 | 548797 | 225915 |
| Y5 | 24696 | 5927 | -8547 | 558676 | 245472 |
| Y6 | 25140 | 6034 | -8280 | 568732 | 265632 |
| Y7 | 25593 | 6142 | -8008 | 578969 | 286416 |
| Y8 | 26054 | 6253 | -7731 | 589390 | 307847 |
| Y9 | 26523 | 6365 | -7450 | 600000 | 329949 |
| Y10 | 27000 | 6480 | -7163 | 610800 | 352745 |
| Σ 10y | Cumulative net cashflow | -83940 | Equity at exit | 352745 | |
Modelling assumptions
- Country baseline: IT — operating costs 24% of gross rent, income tax 21%, capital appreciation 1.8%/yr.
- Projections assume rent grows at the country appreciation rate. Real-world rent growth will diverge.
- Mortgage figures use a constant interest rate for the full term. Re-mortgage events are not modelled.
- Excludes capital-gains tax on exit, currency hedging costs and any local property tax over and above the operating buffer.