Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Flagship street-level retail, Born
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
-1075
10-yr return
87%
Net cashflow / mo
-1075
EUR · after debt service & taxes
Cap rate
3.7%
NOI ÷ asking price
Cash-on-cash
-3.6%
Year-1 cashflow ÷ cash-in
10-yr total return
87%
6.5% annualised
💼 Acquisition
Asking price
909300 EUR
Down payment (30%)
272790 EUR
Acquisition fees (10.0%)
90930 EUR
Mortgage principal
636510 EUR
Total cash-in at close
363720 EUR
🏦 Financing
Loan amount
636510 EUR
Mortgage rate
3.90%
Term
25 years
Monthly payment
3325 EUR
Annual debt service
39896 EUR
📊 Year-1 operating P&L
Gross rent
+42737
Operating costs (22%)
−9402
Net operating income (NOI)
33335
− Debt service
−39896
− Income tax (19%)
−6334
Net cashflow
-12895 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 42737 | 9402 | -12895 | 936579 | 315414 |
| Y2 | 44019 | 9684 | -12085 | 964676 | 359465 |
| Y3 | 45340 | 9975 | -11251 | 993617 | 404993 |
| Y4 | 46700 | 10274 | -10391 | 1023425 | 452047 |
| Y5 | 48101 | 10582 | -9506 | 1054128 | 500681 |
| Y6 | 49544 | 10900 | -8594 | 1085752 | 550947 |
| Y7 | 51030 | 11227 | -7655 | 1118324 | 602903 |
| Y8 | 52561 | 11563 | -6688 | 1151874 | 656605 |
| Y9 | 54138 | 11910 | -5692 | 1186430 | 712114 |
| Y10 | 55762 | 12268 | -4666 | 1222023 | 769492 |
| Σ 10y | Cumulative net cashflow | -89423 | Equity at exit | 769492 | |
Modelling assumptions
- Country baseline: ES — operating costs 22% of gross rent, income tax 19%, 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.