Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
3-bed apartment, Albufeira
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
5.3%
Cashflow / mo
-563
10-yr return
119%
Net cashflow / mo
-563
EUR · after debt service & taxes
Cap rate
5.3%
NOI ÷ asking price
Cash-on-cash
-1.7%
Year-1 cashflow ÷ cash-in
10-yr total return
119%
8.2% annualised
💼 Acquisition
Asking price
1021900 EUR
Down payment (30%)
306570 EUR
Acquisition fees (8.0%)
81752 EUR
Mortgage principal
715330 EUR
Total cash-in at close
388322 EUR
🏦 Financing
Loan amount
715330 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
3815 EUR
Annual debt service
45785 EUR
📊 Year-1 operating P&L
Gross rent
+69489
Operating costs (22%)
−15288
Net operating income (NOI)
54202
− Debt service
−45785
− Income tax (28%)
−15176
Net cashflow
-6759 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 69489 | 15288 | -6759 | 1052557 | 353996 |
| Y2 | 71574 | 15746 | -5589 | 1084134 | 403042 |
| Y3 | 73721 | 16219 | -4383 | 1116658 | 453765 |
| Y4 | 75933 | 16705 | -3141 | 1150157 | 506225 |
| Y5 | 78211 | 17206 | -1861 | 1184662 | 560481 |
| Y6 | 80557 | 17723 | -544 | 1220202 | 616598 |
| Y7 | 82974 | 18254 | 813 | 1256808 | 674641 |
| Y8 | 85463 | 18802 | 2211 | 1294512 | 734678 |
| Y9 | 88027 | 19366 | 3651 | 1333348 | 796778 |
| Y10 | 90668 | 19947 | 5134 | 1373348 | 861016 |
| Σ 10y | Cumulative net cashflow | -10467 | Equity at exit | 861016 | |
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.