Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
4-bed apartment, Lagos
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
-176
10-yr return
119%
Net cashflow / mo
-176
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
320000 EUR
Down payment (30%)
96000 EUR
Acquisition fees (8.0%)
25600 EUR
Mortgage principal
224000 EUR
Total cash-in at close
121600 EUR
🏦 Financing
Loan amount
224000 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1195 EUR
Annual debt service
14337 EUR
📊 Year-1 operating P&L
Gross rent
+21760
Operating costs (22%)
−4787
Net operating income (NOI)
16973
− Debt service
−14337
− Income tax (28%)
−4752
Net cashflow
-2117 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 21760 | 4787 | -2117 | 329600 | 110851 |
| Y2 | 22413 | 4931 | -1750 | 339488 | 126209 |
| Y3 | 23085 | 5079 | -1372 | 349673 | 142093 |
| Y4 | 23778 | 5231 | -984 | 360163 | 158520 |
| Y5 | 24491 | 5388 | -583 | 370968 | 175510 |
| Y6 | 25226 | 5550 | -170 | 382097 | 193083 |
| Y7 | 25983 | 5716 | 255 | 393560 | 211259 |
| Y8 | 26762 | 5888 | 692 | 405366 | 230059 |
| Y9 | 27565 | 6064 | 1143 | 417527 | 249505 |
| Y10 | 28392 | 6246 | 1608 | 430053 | 269620 |
| Σ 10y | Cumulative net cashflow | -3278 | Equity at exit | 269620 | |
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.