Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Penthouse-style apartment, Cedofeita
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
-578
10-yr return
107%
Net cashflow / mo
-578
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
657400 EUR
Down payment (30%)
197220 EUR
Acquisition fees (8.0%)
52592 EUR
Mortgage principal
460180 EUR
Total cash-in at close
249812 EUR
🏦 Financing
Loan amount
460180 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
2454 EUR
Annual debt service
29454 EUR
📊 Year-1 operating P&L
Gross rent
+40101
Operating costs (22%)
−8822
Net operating income (NOI)
31279
− Debt service
−29454
− Income tax (28%)
−8758
Net cashflow
-6933 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 40101 | 8822 | -6933 | 677122 | 227730 |
| Y2 | 41304 | 9087 | -6257 | 697436 | 259282 |
| Y3 | 42544 | 9360 | -5561 | 718359 | 291912 |
| Y4 | 43820 | 9640 | -4845 | 739909 | 325660 |
| Y5 | 45134 | 9930 | -4106 | 762107 | 360564 |
| Y6 | 46489 | 10227 | -3346 | 784970 | 396665 |
| Y7 | 47883 | 10534 | -2563 | 808519 | 434004 |
| Y8 | 49320 | 10850 | -1756 | 832775 | 472626 |
| Y9 | 50799 | 11176 | -925 | 857758 | 512577 |
| Y10 | 52323 | 11511 | -69 | 883491 | 553901 |
| Σ 10y | Cumulative net cashflow | -36360 | Equity at exit | 553901 | |
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.