Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Family home, Albufeira · Ref 9598
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
5.3%
Cashflow / mo
-127
10-yr return
119%
Net cashflow / mo
-127
EUR · after debt service & taxes
Cap rate
5.3%
NOI ÷ asking price
Cash-on-cash
-1.7%
Year-1 cashflow ÷ cash-in
10-yr total return
119%
8.2% annualised
💼 Acquisition
Asking price
230000 EUR
Down payment (30%)
69000 EUR
Acquisition fees (8.0%)
18400 EUR
Mortgage principal
161000 EUR
Total cash-in at close
87400 EUR
🏦 Financing
Loan amount
161000 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
859 EUR
Annual debt service
10305 EUR
📊 Year-1 operating P&L
Gross rent
+15640
Operating costs (22%)
−3441
Net operating income (NOI)
12199
− Debt service
−10305
− Income tax (28%)
−3416
Net cashflow
-1521 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 15640 | 3441 | -1521 | 236900 | 79674 |
| Y2 | 16109 | 3544 | -1258 | 244007 | 90713 |
| Y3 | 16592 | 3650 | -986 | 251327 | 102129 |
| Y4 | 17090 | 3760 | -707 | 258867 | 113936 |
| Y5 | 17603 | 3873 | -419 | 266633 | 126148 |
| Y6 | 18131 | 3989 | -122 | 274632 | 138778 |
| Y7 | 18675 | 4109 | 183 | 282871 | 151842 |
| Y8 | 19235 | 4232 | 498 | 291357 | 165355 |
| Y9 | 19812 | 4359 | 822 | 300098 | 179332 |
| Y10 | 20407 | 4489 | 1156 | 309101 | 193790 |
| Σ 10y | Cumulative net cashflow | -2356 | Equity at exit | 193790 | |
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.