Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Renovated 4-bedroom flat overlooking Porta Nuova
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
-440
10-yr return
35%
Net cashflow / mo
-440
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
281700 EUR
Down payment (30%)
84510 EUR
Acquisition fees (9.0%)
25353 EUR
Mortgage principal
197190 EUR
Total cash-in at close
109863 EUR
🏦 Financing
Loan amount
197190 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
1074 EUR
Annual debt service
12885 EUR
📊 Year-1 operating P&L
Gross rent
+12677
Operating costs (24%)
−3042
Net operating income (NOI)
9634
− Debt service
−12885
− Income tax (21%)
−2023
Net cashflow
-5274 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 12677 | 3042 | -5274 | 286771 | 94075 |
| Y2 | 12905 | 3097 | -5137 | 291932 | 103928 |
| Y3 | 13137 | 3153 | -4998 | 297187 | 114079 |
| Y4 | 13373 | 3210 | -4856 | 302537 | 124541 |
| Y5 | 13614 | 3267 | -4711 | 307982 | 135322 |
| Y6 | 13859 | 3326 | -4564 | 313526 | 146436 |
| Y7 | 14109 | 3386 | -4415 | 319169 | 157893 |
| Y8 | 14363 | 3447 | -4262 | 324914 | 169708 |
| Y9 | 14621 | 3509 | -4107 | 330763 | 181891 |
| Y10 | 14884 | 3572 | -3949 | 336717 | 194458 |
| Σ 10y | Cumulative net cashflow | -46274 | Equity at exit | 194458 | |
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.