Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Boutique office space, Downtown-adjacent · Ref 5229
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
6.7%
Cashflow / mo
616
10-yr return
255%
Net cashflow / mo
616
AED · after debt service & taxes
Cap rate
6.7%
NOI ÷ asking price
Cash-on-cash
5.1%
Year-1 cashflow ÷ cash-in
10-yr total return
255%
13.5% annualised
💼 Acquisition
Asking price
406600 AED
Down payment (30%)
121980 AED
Acquisition fees (6.0%)
24396 AED
Mortgage principal
284620 AED
Total cash-in at close
146376 AED
🏦 Financing
Loan amount
284620 AED
Mortgage rate
4.99%
Term
25 years
Monthly payment
1662 AED
Annual debt service
19946 AED
📊 Year-1 operating P&L
Gross rent
+33341
Operating costs (18%)
−6001
Net operating income (NOI)
27340
− Debt service
−19946
− Income tax (0%)
−0
Net cashflow
7393 AED
📈 10-year projection
4.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 33341 | 6001 | 7393 | 422864 | 144121 |
| Y2 | 34675 | 6241 | 8487 | 439779 | 167213 |
| Y3 | 36062 | 6491 | 9624 | 457370 | 191297 |
| Y4 | 37504 | 6751 | 10807 | 475664 | 216415 |
| Y5 | 39004 | 7021 | 12037 | 494691 | 242614 |
| Y6 | 40565 | 7302 | 13317 | 514479 | 269941 |
| Y7 | 42187 | 7594 | 14647 | 535058 | 298443 |
| Y8 | 43875 | 7897 | 16031 | 556460 | 328174 |
| Y9 | 45630 | 8213 | 17470 | 578719 | 359186 |
| Y10 | 47455 | 8542 | 18967 | 601867 | 391535 |
| Σ 10y | Cumulative net cashflow | 128780 | Equity at exit | 391535 | |
Modelling assumptions
- Country baseline: AE — operating costs 18% of gross rent, income tax 0%, capital appreciation 4.0%/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.