Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Townhouse in Cedofeita
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
-295
10-yr return
107%
Net cashflow / mo
-295
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
336100 EUR
Down payment (30%)
100830 EUR
Acquisition fees (8.0%)
26888 EUR
Mortgage principal
235270 EUR
Total cash-in at close
127718 EUR
🏦 Financing
Loan amount
235270 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1255 EUR
Annual debt service
15058 EUR
📊 Year-1 operating P&L
Gross rent
+20502
Operating costs (22%)
−4510
Net operating income (NOI)
15992
− Debt service
−15058
− Income tax (28%)
−4478
Net cashflow
-3544 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 20502 | 4510 | -3544 | 346183 | 116428 |
| Y2 | 21117 | 4646 | -3199 | 356568 | 132559 |
| Y3 | 21751 | 4785 | -2843 | 367266 | 149242 |
| Y4 | 22403 | 4929 | -2477 | 378284 | 166496 |
| Y5 | 23075 | 5077 | -2099 | 389632 | 184341 |
| Y6 | 23768 | 5229 | -1711 | 401321 | 202797 |
| Y7 | 24481 | 5386 | -1310 | 413361 | 221887 |
| Y8 | 25215 | 5547 | -898 | 425761 | 241633 |
| Y9 | 25971 | 5714 | -473 | 438534 | 262058 |
| Y10 | 26751 | 5885 | -35 | 451690 | 283186 |
| Σ 10y | Cumulative net cashflow | -18589 | Equity at exit | 283186 | |
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.