Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Mixed-use building in Monti
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
-363
10-yr return
40%
Net cashflow / mo
-363
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
257100 EUR
Down payment (30%)
77130 EUR
Acquisition fees (9.0%)
23139 EUR
Mortgage principal
179970 EUR
Total cash-in at close
100269 EUR
🏦 Financing
Loan amount
179970 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
980 EUR
Annual debt service
11760 EUR
📊 Year-1 operating P&L
Gross rent
+12341
Operating costs (24%)
−2962
Net operating income (NOI)
9379
− Debt service
−11760
− Income tax (21%)
−1970
Net cashflow
-4351 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 12341 | 2962 | -4351 | 261728 | 85859 |
| Y2 | 12563 | 3015 | -4217 | 266439 | 94852 |
| Y3 | 12789 | 3069 | -4082 | 271235 | 104117 |
| Y4 | 13019 | 3125 | -3943 | 276117 | 113665 |
| Y5 | 13254 | 3181 | -3803 | 281087 | 123505 |
| Y6 | 13492 | 3238 | -3659 | 286147 | 133648 |
| Y7 | 13735 | 3296 | -3514 | 291297 | 144105 |
| Y8 | 13982 | 3356 | -3365 | 296541 | 154888 |
| Y9 | 14234 | 3416 | -3214 | 301878 | 166007 |
| Y10 | 14490 | 3478 | -3060 | 307312 | 177477 |
| Σ 10y | Cumulative net cashflow | -37208 | Equity at exit | 177477 | |
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.