Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
2-bed apartment, Albufeira
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
-318
10-yr return
119%
Net cashflow / mo
-318
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
576200 EUR
Down payment (30%)
172860 EUR
Acquisition fees (8.0%)
46096 EUR
Mortgage principal
403340 EUR
Total cash-in at close
218956 EUR
🏦 Financing
Loan amount
403340 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
2151 EUR
Annual debt service
25816 EUR
📊 Year-1 operating P&L
Gross rent
+39182
Operating costs (22%)
−8620
Net operating income (NOI)
30562
− Debt service
−25816
− Income tax (28%)
−8557
Net cashflow
-3811 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 39182 | 8620 | -3811 | 593486 | 199601 |
| Y2 | 40357 | 8879 | -3151 | 611291 | 227256 |
| Y3 | 41568 | 9145 | -2471 | 629629 | 255856 |
| Y4 | 42815 | 9419 | -1771 | 648518 | 285436 |
| Y5 | 44099 | 9702 | -1050 | 667974 | 316028 |
| Y6 | 45422 | 9993 | -307 | 688013 | 347670 |
| Y7 | 46785 | 10293 | 459 | 708653 | 380397 |
| Y8 | 48188 | 10601 | 1247 | 729913 | 414249 |
| Y9 | 49634 | 10920 | 2059 | 751810 | 449265 |
| Y10 | 51123 | 11247 | 2895 | 774365 | 485485 |
| Σ 10y | Cumulative net cashflow | -5902 | Equity at exit | 485485 | |
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.