Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Renovated 2-bedroom flat overlooking Prati · Ref 8669
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
-430
10-yr return
40%
Net cashflow / mo
-430
EUR · after debt service & taxes
Cap rate
3.7%
NOI ÷ asking price
Cash-on-cash
-4.3%
Year-1 cashflow ÷ cash-in
10-yr total return
40%
3.4% annualised
💼 Acquisition
Asking price
305200 EUR
Down payment (30%)
91560 EUR
Acquisition fees (9.0%)
27468 EUR
Mortgage principal
213640 EUR
Total cash-in at close
119028 EUR
🏦 Financing
Loan amount
213640 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
1163 EUR
Annual debt service
13960 EUR
📊 Year-1 operating P&L
Gross rent
+14650
Operating costs (24%)
−3516
Net operating income (NOI)
11134
− Debt service
−13960
− Income tax (21%)
−2338
Net cashflow
-5165 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 14650 | 3516 | -5165 | 310694 | 101923 |
| Y2 | 14913 | 3579 | -5006 | 316286 | 112598 |
| Y3 | 15182 | 3644 | -4845 | 321979 | 123596 |
| Y4 | 15455 | 3709 | -4681 | 327775 | 134930 |
| Y5 | 15733 | 3776 | -4514 | 333675 | 146611 |
| Y6 | 16016 | 3844 | -4344 | 339681 | 158652 |
| Y7 | 16305 | 3913 | -4171 | 345795 | 171065 |
| Y8 | 16598 | 3984 | -3995 | 352020 | 183865 |
| Y9 | 16897 | 4055 | -3815 | 358356 | 197065 |
| Y10 | 17201 | 4128 | -3633 | 364806 | 210681 |
| Σ 10y | Cumulative net cashflow | -44169 | Equity at exit | 210681 | |
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.