Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Period house in Navigli
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
3.4%
Cashflow / mo
-1133
10-yr return
35%
Net cashflow / mo
-1133
EUR · after debt service & taxes
Cap rate
3.4%
NOI ÷ asking price
Cash-on-cash
-4.8%
Year-1 cashflow ÷ cash-in
10-yr total return
35%
3.0% annualised
💼 Acquisition
Asking price
726100 EUR
Down payment (30%)
217830 EUR
Acquisition fees (9.0%)
65349 EUR
Mortgage principal
508270 EUR
Total cash-in at close
283179 EUR
🏦 Financing
Loan amount
508270 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
2768 EUR
Annual debt service
33213 EUR
📊 Year-1 operating P&L
Gross rent
+32675
Operating costs (24%)
−7842
Net operating income (NOI)
24833
− Debt service
−33213
− Income tax (21%)
−5215
Net cashflow
-13595 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 32675 | 7842 | -13595 | 739170 | 242484 |
| Y2 | 33263 | 7983 | -13242 | 752475 | 267881 |
| Y3 | 33861 | 8127 | -12883 | 766019 | 294047 |
| Y4 | 34471 | 8273 | -12517 | 779808 | 321011 |
| Y5 | 35091 | 8422 | -12144 | 793844 | 348802 |
| Y6 | 35723 | 8574 | -11765 | 808133 | 377448 |
| Y7 | 36366 | 8728 | -11379 | 822680 | 406980 |
| Y8 | 37021 | 8885 | -10986 | 837488 | 437432 |
| Y9 | 37687 | 9045 | -10586 | 852563 | 468837 |
| Y10 | 38365 | 9208 | -10178 | 867909 | 501229 |
| Σ 10y | Cumulative net cashflow | -119274 | Equity at exit | 501229 | |
Modelling assumptions
- Country baseline: IT — operating costs 24% of gross rent, income tax 21%, capital appreciation 1.8%/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.