Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Renovated 4-bedroom flat overlooking Brera
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
-2533
10-yr return
35%
Net cashflow / mo
-2533
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
1623700 EUR
Down payment (30%)
487110 EUR
Acquisition fees (9.0%)
146133 EUR
Mortgage principal
1136590 EUR
Total cash-in at close
633243 EUR
🏦 Financing
Loan amount
1136590 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
6189 EUR
Annual debt service
74270 EUR
📊 Year-1 operating P&L
Gross rent
+73067
Operating costs (24%)
−17536
Net operating income (NOI)
55531
− Debt service
−74270
− Income tax (21%)
−11661
Net cashflow
-30401 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 73067 | 17536 | -30401 | 1652927 | 542240 |
| Y2 | 74382 | 17852 | -29612 | 1682679 | 599033 |
| Y3 | 75721 | 18173 | -28808 | 1712968 | 657547 |
| Y4 | 77084 | 18500 | -27990 | 1743801 | 717843 |
| Y5 | 78471 | 18833 | -27156 | 1775189 | 779988 |
| Y6 | 79884 | 19172 | -26308 | 1807143 | 844046 |
| Y7 | 81321 | 19517 | -25445 | 1839671 | 910087 |
| Y8 | 82785 | 19868 | -24566 | 1872785 | 978183 |
| Y9 | 84275 | 20226 | -23672 | 1906496 | 1048410 |
| Y10 | 85792 | 20590 | -22761 | 1940812 | 1120845 |
| Σ 10y | Cumulative net cashflow | -266719 | Equity at exit | 1120845 | |
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.