Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Penthouse-style apartment, Monti
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
-844
10-yr return
40%
Net cashflow / mo
-844
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
598600 EUR
Down payment (30%)
179580 EUR
Acquisition fees (9.0%)
53874 EUR
Mortgage principal
419020 EUR
Total cash-in at close
233454 EUR
🏦 Financing
Loan amount
419020 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
2282 EUR
Annual debt service
27381 EUR
📊 Year-1 operating P&L
Gross rent
+28733
Operating costs (24%)
−6896
Net operating income (NOI)
21837
− Debt service
−27381
− Income tax (21%)
−4586
Net cashflow
-10130 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 28733 | 6896 | -10130 | 609375 | 199905 |
| Y2 | 29250 | 7020 | -9819 | 620344 | 220842 |
| Y3 | 29776 | 7146 | -9503 | 631510 | 242414 |
| Y4 | 30312 | 7275 | -9181 | 642877 | 264643 |
| Y5 | 30858 | 7406 | -8854 | 654449 | 287553 |
| Y6 | 31414 | 7539 | -8520 | 666229 | 311169 |
| Y7 | 31979 | 7675 | -8181 | 678221 | 335516 |
| Y8 | 32555 | 7813 | -7835 | 690429 | 360621 |
| Y9 | 33141 | 7954 | -7483 | 702857 | 386511 |
| Y10 | 33737 | 8097 | -7125 | 715508 | 413216 |
| Σ 10y | Cumulative net cashflow | -86631 | Equity at exit | 413216 | |
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.