Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Renovated 1-bedroom flat overlooking Promenade des Anglais
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
3.3%
Cashflow / mo
-1275
10-yr return
44%
Net cashflow / mo
-1275
EUR · after debt service & taxes
Cap rate
3.3%
NOI ÷ asking price
Cash-on-cash
-5.4%
Year-1 cashflow ÷ cash-in
10-yr total return
44%
3.7% annualised
💼 Acquisition
Asking price
756200 EUR
Down payment (30%)
226860 EUR
Acquisition fees (7.5%)
56715 EUR
Mortgage principal
529340 EUR
Total cash-in at close
283575 EUR
🏦 Financing
Loan amount
529340 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
2823 EUR
Annual debt service
33880 EUR
📊 Year-1 operating P&L
Gross rent
+31760
Operating costs (22%)
−6987
Net operating income (NOI)
24773
− Debt service
−33880
− Income tax (25%)
−6193
Net cashflow
-15301 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 31760 | 6987 | -15301 | 771324 | 254393 |
| Y2 | 32396 | 7127 | -14929 | 786750 | 282747 |
| Y3 | 33044 | 7270 | -14550 | 802485 | 311949 |
| Y4 | 33704 | 7415 | -14163 | 818535 | 342029 |
| Y5 | 34378 | 7563 | -13769 | 834906 | 373016 |
| Y6 | 35066 | 7715 | -13367 | 851604 | 404941 |
| Y7 | 35767 | 7869 | -12956 | 868636 | 437836 |
| Y8 | 36483 | 8026 | -12538 | 886009 | 471734 |
| Y9 | 37212 | 8187 | -12111 | 903729 | 506671 |
| Y10 | 37957 | 8350 | -11676 | 921804 | 542681 |
| Σ 10y | Cumulative net cashflow | -135359 | Equity at exit | 542681 | |
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.