Country-aware · Mortgage · Taxes · Cashflow · Appreciation
Underwrite the deal on
Underwrite the deal on
Bright pied-à-terre in Cedofeita
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
4.8%
Cashflow / mo
-448
10-yr return
107%
Net cashflow / mo
-448
EUR · after debt service & taxes
Cap rate
4.8%
NOI ÷ asking price
Cash-on-cash
-2.8%
Year-1 cashflow ÷ cash-in
10-yr total return
107%
7.6% annualised
💼 Acquisition
Asking price
510300 EUR
Down payment (30%)
153090 EUR
Acquisition fees (8.0%)
40824 EUR
Mortgage principal
357210 EUR
Total cash-in at close
193914 EUR
🏦 Financing
Loan amount
357210 EUR
Mortgage rate
4.10%
Term
25 years
Monthly payment
1905 EUR
Annual debt service
22863 EUR
📊 Year-1 operating P&L
Gross rent
+31128
Operating costs (22%)
−6848
Net operating income (NOI)
24280
− Debt service
−22863
− Income tax (28%)
−6798
Net cashflow
-5382 EUR
📈 10-year projection
3.0% capital appreciation /yr| Year | Gross rent | Opex | Net cashflow | Property value | Equity |
|---|---|---|---|---|---|
| Y1 | 31128 | 6848 | -5382 | 525609 | 176773 |
| Y2 | 32062 | 7054 | -4857 | 541377 | 201265 |
| Y3 | 33024 | 7265 | -4317 | 557619 | 226594 |
| Y4 | 34015 | 7483 | -3761 | 574347 | 252790 |
| Y5 | 35035 | 7708 | -3187 | 591578 | 279884 |
| Y6 | 36086 | 7939 | -2597 | 609325 | 307907 |
| Y7 | 37169 | 8177 | -1989 | 627605 | 336891 |
| Y8 | 38284 | 8422 | -1363 | 646433 | 366871 |
| Y9 | 39432 | 8675 | -718 | 665826 | 397882 |
| Y10 | 40615 | 8935 | -54 | 685801 | 429960 |
| Σ 10y | Cumulative net cashflow | -28224 | Equity at exit | 429960 | |
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.