Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Family home, Cimiez · Ref 3623
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
-3303
10-yr return
44%
Net cashflow / mo
-3303
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
1958800 EUR
Down payment (30%)
587640 EUR
Acquisition fees (7.5%)
146910 EUR
Mortgage principal
1371160 EUR
Total cash-in at close
734550 EUR
🏦 Financing
Loan amount
1371160 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
7313 EUR
Annual debt service
87761 EUR
📊 Year-1 operating P&L
Gross rent
+82270
Operating costs (22%)
−18099
Net operating income (NOI)
64170
− Debt service
−87761
− Income tax (25%)
−16043
Net cashflow
-39633 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 82270 | 18099 | -39633 | 1997976 | 658959 |
| Y2 | 83915 | 18461 | -38671 | 2037936 | 732404 |
| Y3 | 85593 | 18831 | -37689 | 2078694 | 808048 |
| Y4 | 87305 | 19207 | -36687 | 2120268 | 885964 |
| Y5 | 89051 | 19591 | -35666 | 2162673 | 966230 |
| Y6 | 90832 | 19983 | -34624 | 2205927 | 1048926 |
| Y7 | 92649 | 20383 | -33561 | 2250045 | 1134135 |
| Y8 | 94502 | 20790 | -32477 | 2295046 | 1221943 |
| Y9 | 96392 | 21206 | -31372 | 2340947 | 1312439 |
| Y10 | 98320 | 21630 | -30244 | 2387766 | 1405717 |
| Σ 10y | Cumulative net cashflow | -350624 | Equity at exit | 1405717 | |
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.