Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Penthouse-style apartment, Chiado
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
4.2%
Cashflow / mo
-419
10-yr return
95%
Net cashflow / mo
-419
EUR · after debt service & taxes
Cap rate
4.2%
NOI ÷ asking price
Cash-on-cash
-3.8%
Year-1 cashflow ÷ cash-in
10-yr total return
95%
6.9% annualised
💼 Acquisition
Asking price
347300 EUR
Down payment (30%)
104190 EUR
Acquisition fees (8.0%)
27784 EUR
Mortgage principal
243110 EUR
Total cash-in at close
131974 EUR
🏦 Financing
Loan amount
243110 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1297 EUR
Annual debt service
15560 EUR
📊 Year-1 operating P&L
Gross rent
+18754
Operating costs (22%)
−4126
Net operating income (NOI)
14628
− Debt service
−15560
− Income tax (28%)
−4096
Net cashflow
-5028 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 18754 | 4126 | -5028 | 357719 | 120308 |
| Y2 | 19317 | 4250 | -4712 | 368451 | 136977 |
| Y3 | 19896 | 4377 | -4386 | 379504 | 154215 |
| Y4 | 20493 | 4509 | -4051 | 390889 | 172044 |
| Y5 | 21108 | 4644 | -3706 | 402616 | 190484 |
| Y6 | 21741 | 4783 | -3350 | 414694 | 209555 |
| Y7 | 22394 | 4927 | -2984 | 427135 | 229282 |
| Y8 | 23065 | 5074 | -2607 | 439949 | 249685 |
| Y9 | 23757 | 5227 | -2218 | 453148 | 270791 |
| Y10 | 24470 | 5383 | -1818 | 466742 | 292622 |
| Σ 10y | Cumulative net cashflow | -34861 | Equity at exit | 292622 | |
Modelling assumptions
- Country baseline: PT — operating costs 22% of gross rent, income tax 28%, 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.