Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Foz do Douro
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
4.8%
Cashflow / mo
-283
10-yr return
107%
Net cashflow / mo
-283
EUR · after debt service & taxes
Cap rate
4.8%
NOI ÷ asking price
Cash-on-cash
-2.8%
Year-1 cashflow ÷ cash-in
10-yr total return
107%
7.6% annualised
💼 Acquisition
Asking price
321600 EUR
Down payment (30%)
96480 EUR
Acquisition fees (8.0%)
25728 EUR
Mortgage principal
225120 EUR
Total cash-in at close
122208 EUR
🏦 Financing
Loan amount
225120 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1201 EUR
Annual debt service
14409 EUR
📊 Year-1 operating P&L
Gross rent
+19618
Operating costs (22%)
−4316
Net operating income (NOI)
15302
− Debt service
−14409
− Income tax (28%)
−4284
Net cashflow
-3392 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 19618 | 4316 | -3392 | 331248 | 111405 |
| Y2 | 20206 | 4445 | -3061 | 341185 | 126841 |
| Y3 | 20812 | 4579 | -2721 | 351421 | 142804 |
| Y4 | 21437 | 4716 | -2370 | 361964 | 159313 |
| Y5 | 22080 | 4858 | -2009 | 372823 | 176388 |
| Y6 | 22742 | 5003 | -1637 | 384007 | 194048 |
| Y7 | 23424 | 5153 | -1254 | 395527 | 212315 |
| Y8 | 24127 | 5308 | -859 | 407393 | 231209 |
| Y9 | 24851 | 5467 | -452 | 419615 | 250752 |
| Y10 | 25597 | 5631 | -34 | 432204 | 270969 |
| Σ 10y | Cumulative net cashflow | -17787 | Equity at exit | 270969 | |
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.