Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Boutique residence in Brera · Ref 7568
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
-1704
10-yr return
35%
Net cashflow / mo
-1704
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
1092000 EUR
Down payment (30%)
327600 EUR
Acquisition fees (9.0%)
98280 EUR
Mortgage principal
764400 EUR
Total cash-in at close
425880 EUR
🏦 Financing
Loan amount
764400 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
4162 EUR
Annual debt service
49950 EUR
📊 Year-1 operating P&L
Gross rent
+49140
Operating costs (24%)
−11794
Net operating income (NOI)
37346
− Debt service
−49950
− Income tax (21%)
−7843
Net cashflow
-20446 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 49140 | 11794 | -20446 | 1111656 | 364677 |
| Y2 | 50025 | 12006 | -19915 | 1131666 | 402872 |
| Y3 | 50925 | 12222 | -19374 | 1152036 | 442225 |
| Y4 | 51842 | 12442 | -18824 | 1172772 | 482777 |
| Y5 | 52775 | 12666 | -18264 | 1193882 | 524571 |
| Y6 | 53725 | 12894 | -17693 | 1215372 | 567653 |
| Y7 | 54692 | 13126 | -17113 | 1237249 | 612068 |
| Y8 | 55676 | 13362 | -16522 | 1259519 | 657866 |
| Y9 | 56678 | 13603 | -15920 | 1282191 | 705096 |
| Y10 | 57699 | 13848 | -15307 | 1305270 | 753811 |
| Σ 10y | Cumulative net cashflow | -179379 | Equity at exit | 753811 | |
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.