Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Period house in Cedofeita
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
-346
10-yr return
107%
Net cashflow / mo
-346
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
393400 EUR
Down payment (30%)
118020 EUR
Acquisition fees (8.0%)
31472 EUR
Mortgage principal
275380 EUR
Total cash-in at close
149492 EUR
🏦 Financing
Loan amount
275380 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1469 EUR
Annual debt service
17626 EUR
📊 Year-1 operating P&L
Gross rent
+23997
Operating costs (22%)
−5279
Net operating income (NOI)
18718
− Debt service
−17626
− Income tax (28%)
−5241
Net cashflow
-4149 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 23997 | 5279 | -4149 | 405202 | 136278 |
| Y2 | 24717 | 5438 | -3744 | 417358 | 155159 |
| Y3 | 25459 | 5601 | -3328 | 429879 | 174686 |
| Y4 | 26223 | 5769 | -2899 | 442775 | 194881 |
| Y5 | 27009 | 5942 | -2457 | 456058 | 215768 |
| Y6 | 27820 | 6120 | -2002 | 469740 | 237371 |
| Y7 | 28654 | 6304 | -1533 | 483832 | 259716 |
| Y8 | 29514 | 6493 | -1051 | 498347 | 282828 |
| Y9 | 30399 | 6688 | -553 | 513298 | 306735 |
| Y10 | 31311 | 6888 | -41 | 528697 | 331465 |
| Σ 10y | Cumulative net cashflow | -21759 | Equity at exit | 331465 | |
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.