Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Cimiez
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
3.3%
Cashflow / mo
-605
10-yr return
44%
Net cashflow / mo
-605
EUR · after debt service & taxes
Cap rate
3.3%
NOI ÷ asking price
Cash-on-cash
-5.4%
Year-1 cashflow ÷ cash-in
10-yr total return
44%
3.7% annualised
💼 Acquisition
Asking price
359000 EUR
Down payment (30%)
107700 EUR
Acquisition fees (7.5%)
26925 EUR
Mortgage principal
251300 EUR
Total cash-in at close
134625 EUR
🏦 Financing
Loan amount
251300 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1340 EUR
Annual debt service
16084 EUR
📊 Year-1 operating P&L
Gross rent
+15078
Operating costs (22%)
−3317
Net operating income (NOI)
11761
− Debt service
−16084
− Income tax (25%)
−2940
Net cashflow
-7264 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 15078 | 3317 | -7264 | 366180 | 120771 |
| Y2 | 15380 | 3384 | -7087 | 373504 | 134232 |
| Y3 | 15687 | 3451 | -6907 | 380974 | 148095 |
| Y4 | 16001 | 3520 | -6724 | 388593 | 162375 |
| Y5 | 16321 | 3591 | -6537 | 396365 | 177086 |
| Y6 | 16647 | 3662 | -6346 | 404292 | 192242 |
| Y7 | 16980 | 3736 | -6151 | 412378 | 207859 |
| Y8 | 17320 | 3810 | -5952 | 420626 | 223952 |
| Y9 | 17666 | 3887 | -5750 | 429038 | 240538 |
| Y10 | 18020 | 3964 | -5543 | 437619 | 257633 |
| Σ 10y | Cumulative net cashflow | -64261 | Equity at exit | 257633 | |
Modelling assumptions
- Country baseline: FR — operating costs 22% of gross rent, income tax 25%, capital appreciation 2.0%/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.