Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Townhouse in Vieux Lyon
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
3.6%
Cashflow / mo
-697
10-yr return
50%
Net cashflow / mo
-697
EUR · after debt service & taxes
Cap rate
3.6%
NOI ÷ asking price
Cash-on-cash
-4.8%
Year-1 cashflow ÷ cash-in
10-yr total return
50%
4.2% annualised
💼 Acquisition
Asking price
467200 EUR
Down payment (30%)
140160 EUR
Acquisition fees (7.5%)
35040 EUR
Mortgage principal
327040 EUR
Total cash-in at close
175200 EUR
🏦 Financing
Loan amount
327040 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1744 EUR
Annual debt service
20932 EUR
📊 Year-1 operating P&L
Gross rent
+21491
Operating costs (22%)
−4728
Net operating income (NOI)
16763
− Debt service
−20932
− Income tax (25%)
−4191
Net cashflow
-8360 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 21491 | 4728 | -8360 | 476544 | 157171 |
| Y2 | 21921 | 4823 | -8108 | 486075 | 174688 |
| Y3 | 22359 | 4919 | -7852 | 495796 | 192730 |
| Y4 | 22807 | 5017 | -7590 | 505712 | 211314 |
| Y5 | 23263 | 5118 | -7323 | 515827 | 230459 |
| Y6 | 23728 | 5220 | -7051 | 526143 | 250183 |
| Y7 | 24203 | 5325 | -6774 | 536666 | 270506 |
| Y8 | 24687 | 5431 | -6490 | 547399 | 291450 |
| Y9 | 25180 | 5540 | -6202 | 558347 | 313034 |
| Y10 | 25684 | 5650 | -5907 | 569514 | 335282 |
| Σ 10y | Cumulative net cashflow | -71658 | Equity at exit | 335282 | |
Modelling assumptions
- Country baseline: FR — operating costs 22% of gross rent, income tax 25%, capital appreciation 2.0%/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.