Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Townhouse in Vieux Nice
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
-1528
10-yr return
44%
Net cashflow / mo
-1528
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
906500 EUR
Down payment (30%)
271950 EUR
Acquisition fees (7.5%)
67988 EUR
Mortgage principal
634550 EUR
Total cash-in at close
339938 EUR
🏦 Financing
Loan amount
634550 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
3385 EUR
Annual debt service
40614 EUR
📊 Year-1 operating P&L
Gross rent
+38073
Operating costs (22%)
−8376
Net operating income (NOI)
29697
− Debt service
−40614
− Income tax (25%)
−7424
Net cashflow
-18342 EUR
📈 10-year projection
2.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 38073 | 8376 | -18342 | 924630 | 304955 |
| Y2 | 38834 | 8544 | -17896 | 943123 | 338945 |
| Y3 | 39611 | 8714 | -17442 | 961985 | 373951 |
| Y4 | 40403 | 8889 | -16978 | 981225 | 410009 |
| Y5 | 41211 | 9067 | -16506 | 1000849 | 447155 |
| Y6 | 42036 | 9248 | -16023 | 1020866 | 485425 |
| Y7 | 42876 | 9433 | -15532 | 1041284 | 524859 |
| Y8 | 43734 | 9621 | -15030 | 1062109 | 565495 |
| Y9 | 44609 | 9814 | -14518 | 1083351 | 607375 |
| Y10 | 45501 | 10010 | -13996 | 1105018 | 650542 |
| Σ 10y | Cumulative net cashflow | -162263 | Equity at exit | 650542 | |
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.