Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Boutique residence in Cedofeita · Ref 7432
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
-649
10-yr return
107%
Net cashflow / mo
-649
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
738400 EUR
Down payment (30%)
221520 EUR
Acquisition fees (8.0%)
59072 EUR
Mortgage principal
516880 EUR
Total cash-in at close
280592 EUR
🏦 Financing
Loan amount
516880 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
2757 EUR
Annual debt service
33083 EUR
📊 Year-1 operating P&L
Gross rent
+45042
Operating costs (22%)
−9909
Net operating income (NOI)
35133
− Debt service
−33083
− Income tax (28%)
−9837
Net cashflow
-7787 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 45042 | 9909 | -7787 | 760552 | 255789 |
| Y2 | 46394 | 10207 | -7028 | 783369 | 291228 |
| Y3 | 47785 | 10513 | -6247 | 806870 | 327880 |
| Y4 | 49219 | 10828 | -5441 | 831076 | 365786 |
| Y5 | 50696 | 11153 | -4612 | 856008 | 404990 |
| Y6 | 52216 | 11488 | -3758 | 881688 | 445539 |
| Y7 | 53783 | 11832 | -2878 | 908139 | 487479 |
| Y8 | 55396 | 12187 | -1972 | 935383 | 530860 |
| Y9 | 57058 | 12553 | -1039 | 963445 | 575733 |
| Y10 | 58770 | 12929 | -78 | 992348 | 622149 |
| Σ 10y | Cumulative net cashflow | -40840 | Equity at exit | 622149 | |
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.