Property Report :

Desterro

29 R. Nova do Desterro, Lisboa, 1150-241

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Alastair Cunningham

29 R. Nova do Desterro, Lisboa, 1150-241

Condominium: 8 rooms: 4 bedrooms , 2 bathrooms

Year built: 1951, Size: 190 SM

Investment strategy: Rental Property

Purchase Price€ 700,000

Rent€ 8,250/mo

Monthly Cash Flow€ 415

Cash on Cash Return2.19 %

Financial Analysis

Cash on Cash Return	2.19 %
Internal Rate of Return (IRR)	19.73 %
Capitalization Rate	8.82 %
Gross Rent Multiplier (GRM)	7.07
Debt-coverage Ratio (DCR)	1.09
Operating Expense Ratio (OER)	37.62 %

Financial Breakdown

Purchase Price	€ 700,000
Purchase Costs	€ 16,885
Repair/Construction Costs	€ 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	€ 716,885
Financing	€ 490,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	€ 226,885
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	€ 210,000
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	€ 16,885

Operating Analysis

Rent	€ 8,250/mo
Gross Operating Income (GOI)	€ 99,000
Total Expenses	€ 37,246
Net Operating Income (NOI)	€ 61,754
Annual Debt Service	€ 56,778
Cash Flow Before Taxes (CFBT)	€ 4,976
Income Tax Liability	€ 1,364
Cash Flow After Taxes (CFAT)	€ 3,613

Purchase Price	€ 700,000
Address	29 R. Nova do Desterro , Lisboa, 1150-241, PT
Year Built	1951
Type	Condominium
Size	190 SM
Bedrooms	4
Bathrooms	2
Rooms Total	8

Annual Property Operating Data

Incomes		% of GOI
Gross Scheduled Income Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents. Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents.	€ 99,000
	€ 0
	€ 0
	€ 0
	€ 0
Total Gross Income	€ 99,000
Vacancy loss Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants. Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants.	€ 0
Gross Operating Income Gross Operating Income (GOI) An actual income which is expected to be collected in the property. Gross Operating Income (GOI) An actual income which is expected to be collected in the property.	€ 99,000	100.00 %
Expenses Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation). Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation).
Property manager	€ 24,750	25.00 %
Utilities	€ 1,200	1.21 %
Insurance	€ 350	0.35 %
Repairs	€ 4,950	5.00 %
Property tax	€ 396	0.40 %
Condominium Fees	€ 650	0.66 %
Booking channel charge	€ 4,950	5.00 %
Total Expenses	€ 37,246	37.62 %
Net Operating Income Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses. Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses.	€ 61,754	62.38 %

Cash Flow (Year 1)

Net Operating Income	€ 61,754	62.38 %
Annual Debt Service	€ 56,778	57.35 %
Cash Flow Before Taxes (CFBT) Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	€ 4,976	5.03 %
Income Tax Liability	€ 1,364	1.38 %
Cash Flow After Taxes (CFAT) Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	€ 3,613	3.65 %

Operating Ratios

Operating Expense Ratio Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI). Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI).	37.62 %
Break-Even Ratio Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less. Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less.	94.97 %

Year	0	1	2	3	4	5	6	7	8	9	10
Operational Analysis
Gross Scheduled Income	0	99,000	101,970	105,029	108,180	111,425	114,768	118,211	121,758	125,410	129,173
Vacancy Loss	0	0	0	0	0	0	0	0	0	0	0
Gross Operating Income	0	99,000	101,970	105,029	108,180	111,425	114,768	118,211	121,758	125,410	129,173
Expenses	0	37,246	37,991	38,751	39,526	40,316	41,123	41,945	42,784	43,640	44,512
Net Operating Income	0	61,754	63,979	66,278	68,654	71,109	73,646	76,266	78,974	81,771	84,660
Loan Payment	0	56,778	56,778	56,778	56,778	56,778	56,778	56,778	56,778	56,778	56,778
Payment Interest Part	0	14,117	12,819	11,482	10,104	8,685	7,222	5,715	4,161	2,561	912
Payment Principal Part	0	42,661	43,959	45,296	46,673	48,093	49,556	51,063	52,616	54,217	55,866
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-226,885	4,976	7,201	9,501	11,877	14,331	16,868	19,488	22,196	24,993	27,882
Depreciation	0	20,364	20,364	20,364	20,364	20,364	20,364	20,364	20,364	20,364	20,364
Taxes	0	1,364	1,540	1,722	1,909	2,103	2,303	2,509	2,722	2,942	3,169
Cash Flow After Taxes	-226,885	3,613	5,662	7,779	9,967	12,228	14,565	16,979	19,473	22,051	24,713

Note: All amounts in the table above are in €

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