Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Penthouse-style apartment, Soho
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
4.7%
Cashflow / mo
-300
10-yr return
111%
Net cashflow / mo
-300
EUR · after debt service & taxes
Cap rate
4.7%
NOI ÷ asking price
Cash-on-cash
-1.5%
Year-1 cashflow ÷ cash-in
10-yr total return
111%
7.7% annualised
💼 Acquisition
Asking price
602500 EUR
Down payment (30%)
180750 EUR
Acquisition fees (10.0%)
60250 EUR
Mortgage principal
421750 EUR
Total cash-in at close
241000 EUR
🏦 Financing
Loan amount
421750 EUR
Mortgage rate
3.90%
Term
25 years
Monthly payment
2203 EUR
Annual debt service
26435 EUR
📊 Year-1 operating P&L
Gross rent
+36150
Operating costs (22%)
−7953
Net operating income (NOI)
28197
− Debt service
−26435
− Income tax (19%)
−5357
Net cashflow
-3596 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 36150 | 7953 | -3596 | 620575 | 208992 |
| Y2 | 37235 | 8192 | -2910 | 639192 | 238181 |
| Y3 | 38352 | 8437 | -2205 | 658368 | 268347 |
| Y4 | 39502 | 8690 | -1478 | 678119 | 299526 |
| Y5 | 40687 | 8951 | -729 | 698463 | 331750 |
| Y6 | 41908 | 9220 | 42 | 719417 | 365056 |
| Y7 | 43165 | 9496 | 836 | 740999 | 399482 |
| Y8 | 44460 | 9781 | 1655 | 763229 | 435065 |
| Y9 | 45794 | 10075 | 2497 | 786126 | 471845 |
| Y10 | 47168 | 10377 | 3365 | 809710 | 509863 |
| Σ 10y | Cumulative net cashflow | -2522 | Equity at exit | 509863 | |
Modelling assumptions
- Country baseline: ES — operating costs 22% of gross rent, income tax 19%, 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.