Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Chiado · Ref 7700
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
-1340
10-yr return
95%
Net cashflow / mo
-1340
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
1110900 EUR
Down payment (30%)
333270 EUR
Acquisition fees (8.0%)
88872 EUR
Mortgage principal
777630 EUR
Total cash-in at close
422142 EUR
🏦 Financing
Loan amount
777630 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
4148 EUR
Annual debt service
49772 EUR
📊 Year-1 operating P&L
Gross rent
+59989
Operating costs (22%)
−13197
Net operating income (NOI)
46791
− Debt service
−49772
− Income tax (28%)
−13102
Net cashflow
-16083 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 59989 | 13197 | -16083 | 1144227 | 384826 |
| Y2 | 61788 | 13593 | -15072 | 1178554 | 438144 |
| Y3 | 63642 | 14001 | -14031 | 1213910 | 493285 |
| Y4 | 65551 | 14421 | -12959 | 1250328 | 550313 |
| Y5 | 67518 | 14854 | -11854 | 1287838 | 609295 |
| Y6 | 69543 | 15300 | -10717 | 1326473 | 670299 |
| Y7 | 71630 | 15759 | -9545 | 1366267 | 733397 |
| Y8 | 73778 | 16231 | -8338 | 1407255 | 798663 |
| Y9 | 75992 | 16718 | -7095 | 1449473 | 866172 |
| Y10 | 78272 | 17220 | -5815 | 1492957 | 936004 |
| Σ 10y | Cumulative net cashflow | -111508 | Equity at exit | 936004 | |
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.