Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Renovated 1-bedroom flat overlooking Vieux Nice
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
3.3%
Cashflow / mo
-1609
10-yr return
44%
Net cashflow / mo
-1609
EUR · after debt service & taxes
Cap rate
3.3%
NOI ÷ asking price
Cash-on-cash
-5.4%
Year-1 cashflow ÷ cash-in
10-yr total return
44%
3.7% annualised
💼 Acquisition
Asking price
954100 EUR
Down payment (30%)
286230 EUR
Acquisition fees (7.5%)
71558 EUR
Mortgage principal
667870 EUR
Total cash-in at close
357788 EUR
🏦 Financing
Loan amount
667870 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
3562 EUR
Annual debt service
42747 EUR
📊 Year-1 operating P&L
Gross rent
+40072
Operating costs (22%)
−8816
Net operating income (NOI)
31256
− Debt service
−42747
− Income tax (25%)
−7814
Net cashflow
-19305 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 40072 | 8816 | -19305 | 973182 | 320968 |
| Y2 | 40874 | 8992 | -18836 | 992646 | 356742 |
| Y3 | 41691 | 9172 | -18358 | 1012499 | 393587 |
| Y4 | 42525 | 9355 | -17870 | 1032749 | 431539 |
| Y5 | 43375 | 9543 | -17372 | 1053403 | 470635 |
| Y6 | 44243 | 9733 | -16865 | 1074472 | 510915 |
| Y7 | 45128 | 9928 | -16347 | 1095961 | 552419 |
| Y8 | 46030 | 10127 | -15819 | 1117880 | 595189 |
| Y9 | 46951 | 10329 | -15281 | 1140238 | 639268 |
| Y10 | 47890 | 10536 | -14731 | 1163043 | 684702 |
| Σ 10y | Cumulative net cashflow | -170783 | Equity at exit | 684702 | |
Modelling assumptions
- Country baseline: FR — operating costs 22% of gross rent, income tax 25%, capital appreciation 2.0%/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.