Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Renovated 4-bedroom flat overlooking 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
-307
10-yr return
111%
Net cashflow / mo
-307
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
616600 EUR
Down payment (30%)
184980 EUR
Acquisition fees (10.0%)
61660 EUR
Mortgage principal
431620 EUR
Total cash-in at close
246640 EUR
🏦 Financing
Loan amount
431620 EUR
Mortgage rate
3.90%
Term
25 years
Monthly payment
2254 EUR
Annual debt service
27054 EUR
📊 Year-1 operating P&L
Gross rent
+36996
Operating costs (22%)
−8139
Net operating income (NOI)
28857
− Debt service
−27054
− Income tax (19%)
−5483
Net cashflow
-3680 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 36996 | 8139 | -3680 | 635098 | 213883 |
| Y2 | 38106 | 8383 | -2979 | 654151 | 243755 |
| Y3 | 39249 | 8635 | -2256 | 673775 | 274627 |
| Y4 | 40427 | 8894 | -1512 | 693989 | 306535 |
| Y5 | 41639 | 9161 | -746 | 714808 | 339514 |
| Y6 | 42889 | 9435 | 43 | 736253 | 373600 |
| Y7 | 44175 | 9719 | 856 | 758340 | 408831 |
| Y8 | 45500 | 10010 | 1693 | 781090 | 445247 |
| Y9 | 46865 | 10310 | 2556 | 804523 | 482887 |
| Y10 | 48271 | 10620 | 3444 | 828659 | 521795 |
| Σ 10y | Cumulative net cashflow | -2581 | Equity at exit | 521795 | |
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.