Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Flagship street-level retail, Soho
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
4.7%
Cashflow / mo
-328
10-yr return
111%
Net cashflow / mo
-328
EUR · after debt service & taxes
Cap rate
4.7%
NOI ÷ asking price
Cash-on-cash
-1.5%
Year-1 cashflow ÷ cash-in
10-yr total return
111%
7.7% annualised
💼 Acquisition
Asking price
660400 EUR
Down payment (30%)
198120 EUR
Acquisition fees (10.0%)
66040 EUR
Mortgage principal
462280 EUR
Total cash-in at close
264160 EUR
🏦 Financing
Loan amount
462280 EUR
Mortgage rate
3.90%
Term
25 years
Monthly payment
2415 EUR
Annual debt service
28976 EUR
📊 Year-1 operating P&L
Gross rent
+39624
Operating costs (22%)
−8717
Net operating income (NOI)
30907
− Debt service
−28976
− Income tax (19%)
−5872
Net cashflow
-3941 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 39624 | 8717 | -3941 | 680212 | 229076 |
| Y2 | 40813 | 8979 | -3190 | 700618 | 261070 |
| Y3 | 42037 | 9248 | -2417 | 721637 | 294135 |
| Y4 | 43298 | 9526 | -1620 | 743286 | 328310 |
| Y5 | 44597 | 9811 | -799 | 765585 | 363631 |
| Y6 | 45935 | 10106 | 46 | 788552 | 400138 |
| Y7 | 47313 | 10409 | 917 | 812209 | 437872 |
| Y8 | 48733 | 10721 | 1814 | 836575 | 476875 |
| Y9 | 50195 | 11043 | 2737 | 861672 | 517189 |
| Y10 | 51700 | 11374 | 3689 | 887522 | 558861 |
| Σ 10y | Cumulative net cashflow | -2764 | Equity at exit | 558861 | |
Modelling assumptions
- Country baseline: ES — operating costs 22% of gross rent, income tax 19%, 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.