Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Mixed-use building in Navigli
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
3.4%
Cashflow / mo
-2550
10-yr return
35%
Net cashflow / mo
-2550
EUR · after debt service & taxes
Cap rate
3.4%
NOI ÷ asking price
Cash-on-cash
-4.8%
Year-1 cashflow ÷ cash-in
10-yr total return
35%
3.0% annualised
💼 Acquisition
Asking price
1634600 EUR
Down payment (30%)
490380 EUR
Acquisition fees (9.0%)
147114 EUR
Mortgage principal
1144220 EUR
Total cash-in at close
637494 EUR
🏦 Financing
Loan amount
1144220 EUR
Mortgage rate
4.30%
Term
25 years
Monthly payment
6231 EUR
Annual debt service
74769 EUR
📊 Year-1 operating P&L
Gross rent
+73557
Operating costs (24%)
−17654
Net operating income (NOI)
55903
− Debt service
−74769
− Income tax (21%)
−11740
Net cashflow
-30605 EUR
📈 10-year projection
1.8% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 73557 | 17654 | -30605 | 1664023 | 545880 |
| Y2 | 74881 | 17971 | -29810 | 1693975 | 603054 |
| Y3 | 76229 | 18295 | -29001 | 1724467 | 661961 |
| Y4 | 77601 | 18624 | -28177 | 1755507 | 722662 |
| Y5 | 78998 | 18959 | -27339 | 1787106 | 785224 |
| Y6 | 80420 | 19301 | -26485 | 1819274 | 849712 |
| Y7 | 81867 | 19648 | -25616 | 1852021 | 916196 |
| Y8 | 83341 | 20002 | -24731 | 1885358 | 984750 |
| Y9 | 84841 | 20362 | -23830 | 1919294 | 1055448 |
| Y10 | 86368 | 20728 | -22914 | 1953841 | 1128370 |
| Σ 10y | Cumulative net cashflow | -268509 | Equity at exit | 1128370 | |
Modelling assumptions
- Country baseline: IT — operating costs 24% of gross rent, income tax 21%, capital appreciation 1.8%/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.