Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
3-bed apartment, Trastevere
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
3.7%
Cashflow / mo
-558
10-yr return
40%
Net cashflow / mo
-558
EUR · after debt service & taxes
Cap rate
3.7%
NOI ÷ asking price
Cash-on-cash
-4.3%
Year-1 cashflow ÷ cash-in
10-yr total return
40%
3.4% annualised
💼 Acquisition
Asking price
395700 EUR
Down payment (30%)
118710 EUR
Acquisition fees (9.0%)
35613 EUR
Mortgage principal
276990 EUR
Total cash-in at close
154323 EUR
🏦 Financing
Loan amount
276990 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
1508 EUR
Annual debt service
18100 EUR
📊 Year-1 operating P&L
Gross rent
+18994
Operating costs (24%)
−4558
Net operating income (NOI)
14435
− Debt service
−18100
− Income tax (21%)
−3031
Net cashflow
-6696 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 18994 | 4558 | -6696 | 402823 | 132145 |
| Y2 | 19335 | 4641 | -6491 | 410073 | 145986 |
| Y3 | 19684 | 4724 | -6282 | 417455 | 160246 |
| Y4 | 20038 | 4809 | -6069 | 424969 | 174940 |
| Y5 | 20399 | 4896 | -5853 | 432618 | 190085 |
| Y6 | 20766 | 4984 | -5632 | 440405 | 205696 |
| Y7 | 21139 | 5073 | -5408 | 448333 | 221791 |
| Y8 | 21520 | 5165 | -5179 | 456403 | 238386 |
| Y9 | 21907 | 5258 | -4947 | 464618 | 255500 |
| Y10 | 22302 | 5352 | -4710 | 472981 | 273153 |
| Σ 10y | Cumulative net cashflow | -57267 | Equity at exit | 273153 | |
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.