Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Boutique residence 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
-629
10-yr return
107%
Net cashflow / mo
-629
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
715500 EUR
Down payment (30%)
214650 EUR
Acquisition fees (8.0%)
57240 EUR
Mortgage principal
500850 EUR
Total cash-in at close
271890 EUR
🏦 Financing
Loan amount
500850 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
2671 EUR
Annual debt service
32057 EUR
📊 Year-1 operating P&L
Gross rent
+43646
Operating costs (22%)
−9602
Net operating income (NOI)
34043
− Debt service
−32057
− Income tax (28%)
−9532
Net cashflow
-7546 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 43646 | 9602 | -7546 | 736965 | 247856 |
| Y2 | 44955 | 9890 | -6810 | 759074 | 282196 |
| Y3 | 46304 | 10187 | -6053 | 781846 | 317711 |
| Y4 | 47693 | 10492 | -5273 | 805302 | 354442 |
| Y5 | 49123 | 10807 | -4469 | 829461 | 392430 |
| Y6 | 50597 | 11131 | -3642 | 854344 | 431721 |
| Y7 | 52115 | 11465 | -2789 | 879975 | 472361 |
| Y8 | 53678 | 11809 | -1911 | 906374 | 514396 |
| Y9 | 55289 | 12164 | -1007 | 933565 | 557877 |
| Y10 | 56947 | 12528 | -75 | 961572 | 602854 |
| Σ 10y | Cumulative net cashflow | -39574 | Equity at exit | 602854 | |
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.