Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Ribeira
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
4.8%
Cashflow / mo
-1101
10-yr return
107%
Net cashflow / mo
-1101
EUR · after debt service & taxes
Cap rate
4.8%
NOI ÷ asking price
Cash-on-cash
-2.8%
Year-1 cashflow ÷ cash-in
10-yr total return
107%
7.6% annualised
💼 Acquisition
Asking price
1252800 EUR
Down payment (30%)
375840 EUR
Acquisition fees (8.0%)
100224 EUR
Mortgage principal
876960 EUR
Total cash-in at close
476064 EUR
🏦 Financing
Loan amount
876960 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
4677 EUR
Annual debt service
56130 EUR
📊 Year-1 operating P&L
Gross rent
+76421
Operating costs (22%)
−16813
Net operating income (NOI)
59608
− Debt service
−56130
− Income tax (28%)
−16690
Net cashflow
-13212 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 76421 | 16813 | -13212 | 1290384 | 433982 |
| Y2 | 78713 | 17317 | -11924 | 1329096 | 494110 |
| Y3 | 81075 | 17836 | -10598 | 1368968 | 556294 |
| Y4 | 83507 | 18372 | -9232 | 1410037 | 620607 |
| Y5 | 86012 | 18923 | -7825 | 1452339 | 687123 |
| Y6 | 88593 | 19490 | -6376 | 1495909 | 755920 |
| Y7 | 91250 | 20075 | -4883 | 1540786 | 827077 |
| Y8 | 93988 | 20677 | -3346 | 1587010 | 900679 |
| Y9 | 96808 | 21298 | -1763 | 1634620 | 976812 |
| Y10 | 99712 | 21937 | -132 | 1683658 | 1055564 |
| Σ 10y | Cumulative net cashflow | -69291 | Equity at exit | 1055564 | |
Modelling assumptions
- Country baseline: PT — operating costs 22% of gross rent, income tax 28%, capital appreciation 3.0%/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.