Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Private villa with garden, Ribeira
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
4.8%
Cashflow / mo
-198
10-yr return
107%
Net cashflow / mo
-198
EUR · after debt service & taxes
Cap rate
4.8%
NOI ÷ asking price
Cash-on-cash
-2.8%
Year-1 cashflow ÷ cash-in
10-yr total return
107%
7.6% annualised
💼 Acquisition
Asking price
225100 EUR
Down payment (30%)
67530 EUR
Acquisition fees (8.0%)
18008 EUR
Mortgage principal
157570 EUR
Total cash-in at close
85538 EUR
🏦 Financing
Loan amount
157570 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
840 EUR
Annual debt service
10085 EUR
📊 Year-1 operating P&L
Gross rent
+13731
Operating costs (22%)
−3021
Net operating income (NOI)
10710
− Debt service
−10085
− Income tax (28%)
−2999
Net cashflow
-2374 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 13731 | 3021 | -2374 | 231853 | 77977 |
| Y2 | 14143 | 3111 | -2143 | 238809 | 88780 |
| Y3 | 14567 | 3205 | -1904 | 245973 | 99954 |
| Y4 | 15004 | 3301 | -1659 | 253352 | 111509 |
| Y5 | 15454 | 3400 | -1406 | 260953 | 123461 |
| Y6 | 15918 | 3502 | -1146 | 268781 | 135822 |
| Y7 | 16396 | 3607 | -877 | 276845 | 148607 |
| Y8 | 16888 | 3715 | -601 | 285150 | 161832 |
| Y9 | 17394 | 3827 | -317 | 293704 | 175511 |
| Y10 | 17916 | 3942 | -24 | 302516 | 189661 |
| Σ 10y | Cumulative net cashflow | -12450 | Equity at exit | 189661 | |
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.