Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Chiado
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
-2136
10-yr return
95%
Net cashflow / mo
-2136
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
1770900 EUR
Down payment (30%)
531270 EUR
Acquisition fees (8.0%)
141672 EUR
Mortgage principal
1239630 EUR
Total cash-in at close
672942 EUR
🏦 Financing
Loan amount
1239630 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
6612 EUR
Annual debt service
79342 EUR
📊 Year-1 operating P&L
Gross rent
+95629
Operating costs (22%)
−21038
Net operating income (NOI)
74590
− Debt service
−79342
− Income tax (28%)
−20885
Net cashflow
-25637 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 95629 | 21038 | -25637 | 1824027 | 613457 |
| Y2 | 98497 | 21669 | -24026 | 1878748 | 698451 |
| Y3 | 101452 | 22320 | -22367 | 1935110 | 786352 |
| Y4 | 104496 | 22989 | -20657 | 1993164 | 877261 |
| Y5 | 107631 | 23679 | -18897 | 2052958 | 971285 |
| Y6 | 110860 | 24389 | -17084 | 2114547 | 1068533 |
| Y7 | 114186 | 25121 | -15216 | 2177984 | 1169118 |
| Y8 | 117611 | 25874 | -13292 | 2243323 | 1273158 |
| Y9 | 121139 | 26651 | -11310 | 2310623 | 1380776 |
| Y10 | 124774 | 27450 | -9270 | 2379942 | 1492096 |
| Σ 10y | Cumulative net cashflow | -177756 | Equity at exit | 1492096 | |
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.