Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Townhouse in Prati
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
3.7%
Cashflow / mo
-1126
10-yr return
40%
Net cashflow / mo
-1126
EUR · after debt service & taxes
Cap rate
3.7%
NOI ÷ asking price
Cash-on-cash
-4.3%
Year-1 cashflow ÷ cash-in
10-yr total return
40%
3.4% annualised
💼 Acquisition
Asking price
798600 EUR
Down payment (30%)
239580 EUR
Acquisition fees (9.0%)
71874 EUR
Mortgage principal
559020 EUR
Total cash-in at close
311454 EUR
🏦 Financing
Loan amount
559020 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
3044 EUR
Annual debt service
36529 EUR
📊 Year-1 operating P&L
Gross rent
+38333
Operating costs (24%)
−9200
Net operating income (NOI)
29133
− Debt service
−36529
− Income tax (21%)
−6118
Net cashflow
-13514 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 38333 | 9200 | -13514 | 812975 | 266695 |
| Y2 | 39023 | 9365 | -13100 | 827608 | 294628 |
| Y3 | 39725 | 9534 | -12678 | 842505 | 323407 |
| Y4 | 40440 | 9706 | -12249 | 857670 | 353064 |
| Y5 | 41168 | 9880 | -11812 | 873108 | 383629 |
| Y6 | 41909 | 10058 | -11367 | 888824 | 415135 |
| Y7 | 42664 | 10239 | -10914 | 904823 | 447617 |
| Y8 | 43432 | 10424 | -10453 | 921110 | 481109 |
| Y9 | 44213 | 10611 | -9984 | 937690 | 515650 |
| Y10 | 45009 | 10802 | -9506 | 954568 | 551276 |
| Σ 10y | Cumulative net cashflow | -115576 | Equity at exit | 551276 | |
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.