Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Sea-facing villa in Cimiez
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
-503
10-yr return
44%
Net cashflow / mo
-503
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
298500 EUR
Down payment (30%)
89550 EUR
Acquisition fees (7.5%)
22388 EUR
Mortgage principal
208950 EUR
Total cash-in at close
111938 EUR
🏦 Financing
Loan amount
208950 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1114 EUR
Annual debt service
13374 EUR
📊 Year-1 operating P&L
Gross rent
+12537
Operating costs (22%)
−2758
Net operating income (NOI)
9779
− Debt service
−13374
− Income tax (25%)
−2445
Net cashflow
-6040 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 12537 | 2758 | -6040 | 304470 | 100418 |
| Y2 | 12788 | 2813 | -5893 | 310559 | 111611 |
| Y3 | 13043 | 2870 | -5743 | 316771 | 123138 |
| Y4 | 13304 | 2927 | -5591 | 323106 | 135011 |
| Y5 | 13570 | 2986 | -5435 | 329568 | 147243 |
| Y6 | 13842 | 3045 | -5276 | 336159 | 159845 |
| Y7 | 14119 | 3106 | -5114 | 342883 | 172830 |
| Y8 | 14401 | 3168 | -4949 | 349740 | 186211 |
| Y9 | 14689 | 3232 | -4781 | 356735 | 200002 |
| Y10 | 14983 | 3296 | -4609 | 363870 | 214216 |
| Σ 10y | Cumulative net cashflow | -53431 | Equity at exit | 214216 | |
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.