Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Townhouse in Trastevere
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
-698
10-yr return
40%
Net cashflow / mo
-698
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
494700 EUR
Down payment (30%)
148410 EUR
Acquisition fees (9.0%)
44523 EUR
Mortgage principal
346290 EUR
Total cash-in at close
192933 EUR
🏦 Financing
Loan amount
346290 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
1886 EUR
Annual debt service
22628 EUR
📊 Year-1 operating P&L
Gross rent
+23746
Operating costs (24%)
−5699
Net operating income (NOI)
18047
− Debt service
−22628
− Income tax (21%)
−3790
Net cashflow
-8371 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 23746 | 5699 | -8371 | 503605 | 165207 |
| Y2 | 24173 | 5802 | -8115 | 512669 | 182510 |
| Y3 | 24608 | 5906 | -7854 | 521898 | 200338 |
| Y4 | 25051 | 6012 | -7588 | 531292 | 218709 |
| Y5 | 25502 | 6120 | -7317 | 540855 | 237642 |
| Y6 | 25961 | 6231 | -7041 | 550590 | 257159 |
| Y7 | 26428 | 6343 | -6761 | 560501 | 277280 |
| Y8 | 26904 | 6457 | -6475 | 570590 | 298028 |
| Y9 | 27388 | 6573 | -6184 | 580861 | 319424 |
| Y10 | 27881 | 6692 | -5888 | 591316 | 341493 |
| Σ 10y | Cumulative net cashflow | -71594 | Equity at exit | 341493 | |
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.