Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Chiado · Ref 8715
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
4.2%
Cashflow / mo
-635
10-yr return
95%
Net cashflow / mo
-635
EUR · after debt service & taxes
Cap rate
4.2%
NOI ÷ asking price
Cash-on-cash
-3.8%
Year-1 cashflow ÷ cash-in
10-yr total return
95%
6.9% annualised
💼 Acquisition
Asking price
526200 EUR
Down payment (30%)
157860 EUR
Acquisition fees (8.0%)
42096 EUR
Mortgage principal
368340 EUR
Total cash-in at close
199956 EUR
🏦 Financing
Loan amount
368340 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1965 EUR
Annual debt service
23576 EUR
📊 Year-1 operating P&L
Gross rent
+28415
Operating costs (22%)
−6251
Net operating income (NOI)
22164
− Debt service
−23576
− Income tax (28%)
−6206
Net cashflow
-7618 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 28415 | 6251 | -7618 | 541986 | 182281 |
| Y2 | 29267 | 6439 | -7139 | 558246 | 207536 |
| Y3 | 30145 | 6632 | -6646 | 574993 | 233654 |
| Y4 | 31050 | 6831 | -6138 | 592243 | 260667 |
| Y5 | 31981 | 7036 | -5615 | 610010 | 288605 |
| Y6 | 32941 | 7247 | -5076 | 628310 | 317501 |
| Y7 | 33929 | 7464 | -4521 | 647160 | 347388 |
| Y8 | 34947 | 7688 | -3950 | 666574 | 378302 |
| Y9 | 35995 | 7919 | -3361 | 686572 | 410280 |
| Y10 | 37075 | 8156 | -2754 | 707169 | 443357 |
| Σ 10y | Cumulative net cashflow | -52818 | Equity at exit | 443357 | |
Modelling assumptions
- Country baseline: PT — operating costs 22% of gross rent, income tax 28%, 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.