Marketplace Deal
Hamburg Multi-Family – Altona
Hamburg, Germany · Multi-family
Deal Score
78/ 100
Excellent
Gross Yield
8.07%
Cap Rate
6.03%
Faktor
12.4×
Pre-Tax Cashflow
644 €
/moTax Refund (AfA)
-148 €
/moAfter-Tax Cashflow
497 €
/moDSCR
1.28
EKR (Cash-on-Cash)
11.17%
Total Invested
191.000 €
AI Investment Commentary
AI analysis temporarily unavailable. Review the metrics above for your investment decision.
Year 1 Cashflow Breakdown
Einnahmen & Ausgaben — monthly view
+497 €
after-tax / month
+
Gross Rental IncomeKaltmiete
3.900 €-
Vacancy Deduction5% Leerstand
−195 €=
Effective IncomeNettomieteinnahmen
3.705 €-
Mortgage InterestZinszahlung (Jahr 1)
−1.624 €-
Principal RepaymentTilgung
−645 €-
Operating ExpensesHausgeld & Verwaltung
−792 €=
Pre-Tax CashflowCashflow vor Steuern
644 €-
AfA Depreciation (2%)Abschreibung p.a. (steuerlich)
−938 €+
Tax Refund (42% rate)Steuerrückerstattung
148 €=
After-Tax CashflowCashflow nach Steuern
497 €Faktor
12.4×
AfA Base (80%)
562.500 €
Annual AfA
11.250 €
Annual Tax Refund
-1.773 €
Annual Breakdown
Net Annual Cashflow7.732 €
10-Year Equity & Cashflow
Property Value Projection
Year 10779.472 €
10-Year Annual Projection
Annual Summary — interest, principal, tax refund & cashflow
| Year | Zinsen Interest | Tilgung Principal | CF vor St. Pre-Tax | Steuerrückerstattung Tax Refund | CF nach St. After-Tax | Monatlich After-Tax/mo |
|---|---|---|---|---|---|---|
| Year 1 | −19.488 € | 7.740 € | +8.875 € | -2.254 € | +6.621 € | +552 € |
| Year 2 | −19.157 € | 8.072 € | +10.055 € | -2.888 € | +7.167 € | +597 € |
| Year 3 | −18.811 € | 8.418 € | +11.273 € | -3.545 € | +7.728 € | +644 € |
| Year 4 | −18.451 € | 8.778 € | +12.529 € | -4.224 € | +8.305 € | +692 € |
| Year 5 | −18.075 € | 9.154 € | +13.824 € | -4.926 € | +8.898 € | +742 € |
| Year 6 | −17.683 € | 9.546 € | +15.161 € | -5.652 € | +9.509 € | +792 € |
| Year 7 | −17.274 € | 9.954 € | +16.539 € | -6.402 € | +10.137 € | +845 € |
| Year 8 | −16.848 € | 10.381 € | +17.961 € | -7.179 € | +10.782 € | +899 € |
| Year 9 | −16.403 € | 10.825 € | +19.428 € | -7.981 € | +11.447 € | +954 € |
| Year 10 | −15.940 € | 11.289 € | +20.942 € | -8.812 € | +12.130 € | +1.011 € |
| 10-Year Total | −178.130 € | 94.157 € | +146.587 € | +-53.863 € | +92.724 € | avg 773 €/mo |
Financial Summary
Purchase Price
580.000 €
Down Payment
116.000 €
Loan Amount
464.000 €
Monthly Mortgage
2.269 €
NOI (Annual)
34.960 €
Annual Debt Service
27.228 €
German Tax Analysis (AfA / Steuerrückerstattung)
AfA Rate
2% p.a.
Annual AfA Deduction
11.250 €
Year 1 Interest Paid
19.488 €
Taxable Rental Income (V+V)
4.222 €
Annual Tax Refund
-1.773 €
After-Tax Annual Cashflow
5.958 €