Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Mixed-use building in Porta Nuova
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
3.4%
Cashflow / mo
-1388
10-yr return
35%
Net cashflow / mo
-1388
EUR · after debt service & taxes
Cap rate
3.4%
NOI ÷ asking price
Cash-on-cash
-4.8%
Year-1 cashflow ÷ cash-in
10-yr total return
35%
3.0% annualised
💼 Acquisition
Asking price
889400 EUR
Down payment (30%)
266820 EUR
Acquisition fees (9.0%)
80046 EUR
Mortgage principal
622580 EUR
Total cash-in at close
346866 EUR
🏦 Financing
Loan amount
622580 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
3390 EUR
Annual debt service
40682 EUR
📊 Year-1 operating P&L
Gross rent
+40023
Operating costs (24%)
−9606
Net operating income (NOI)
30417
− Debt service
−40682
− Income tax (21%)
−6388
Net cashflow
-16653 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 40023 | 9606 | -16653 | 905409 | 297018 |
| Y2 | 40743 | 9778 | -16220 | 921707 | 328127 |
| Y3 | 41477 | 9954 | -15780 | 938297 | 360179 |
| Y4 | 42223 | 10134 | -15332 | 955187 | 393207 |
| Y5 | 42983 | 10316 | -14875 | 972380 | 427247 |
| Y6 | 43757 | 10502 | -14411 | 989883 | 462336 |
| Y7 | 44545 | 10691 | -13938 | 1007701 | 498510 |
| Y8 | 45347 | 10883 | -13456 | 1025839 | 535811 |
| Y9 | 46163 | 11079 | -12966 | 1044304 | 574279 |
| Y10 | 46994 | 11278 | -12467 | 1063102 | 613956 |
| Σ 10y | Cumulative net cashflow | -146098 | Equity at exit | 613956 | |
Modelling assumptions
- Country baseline: IT — operating costs 24% of gross rent, income tax 21%, capital appreciation 1.8%/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.