Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Townhouse in Chiado · Ref 4167
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
4.2%
Cashflow / mo
-624
10-yr return
95%
Net cashflow / mo
-624
EUR · after debt service & taxes
Cap rate
4.2%
NOI ÷ asking price
Cash-on-cash
-3.8%
Year-1 cashflow ÷ cash-in
10-yr total return
95%
6.9% annualised
💼 Acquisition
Asking price
517100 EUR
Down payment (30%)
155130 EUR
Acquisition fees (8.0%)
41368 EUR
Mortgage principal
361970 EUR
Total cash-in at close
196498 EUR
🏦 Financing
Loan amount
361970 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1931 EUR
Annual debt service
23168 EUR
📊 Year-1 operating P&L
Gross rent
+27923
Operating costs (22%)
−6143
Net operating income (NOI)
21780
− Debt service
−23168
− Income tax (28%)
−6098
Net cashflow
-7486 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 27923 | 6143 | -7486 | 532613 | 179128 |
| Y2 | 28761 | 6327 | -7016 | 548591 | 203947 |
| Y3 | 29624 | 6517 | -6531 | 565049 | 229614 |
| Y4 | 30513 | 6713 | -6032 | 582001 | 256159 |
| Y5 | 31428 | 6914 | -5518 | 599461 | 283614 |
| Y6 | 32371 | 7122 | -4988 | 617444 | 312010 |
| Y7 | 33342 | 7335 | -4443 | 635968 | 341381 |
| Y8 | 34342 | 7555 | -3881 | 655047 | 371760 |
| Y9 | 35373 | 7782 | -3303 | 674698 | 403184 |
| Y10 | 36434 | 8015 | -2707 | 694939 | 435690 |
| Σ 10y | Cumulative net cashflow | -51904 | Equity at exit | 435690 | |
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.