Tool

Monaco BTL Cash Flow Modeler

Project real cash flow on a Monaco buy-to-let. Models private bank EUR mortgage interest (deductible), charges de copropriété, taxe d'habitation, resident vs non-resident tax treatment and rent growth over 1-30 years.

Monaco Tax Advantage — Why This Is Not UK BTL

Monaco has no personal income tax for residents (except French nationals). Rental income received by a Monaco tax resident is effectively untaxed. Mortgage interest IS fully deductible — no Section 24 equivalent. Non-residents are taxed in their home country; this model applies your home-country rate against profit net of interest, charges and all operating expenses.

Property & Mortgage

Property Price

€

Property Size

sqm

Deposit

Private Bank Rate (5yr fix)

Mortgage Term

yrs

Interest-only mortgage

Rent & Running Costs

Gross Monthly Rent

€

Charges de Copropriété

€/sqm/yr

Taxe d'Habitation (resident)

€/yr

Landlord Insurance

% of value

Property Management

% of rent

Maintenance Reserve

% of value

Vacancy Rate

% (6% ≈ 3 wks/yr)

Growth & Tax

Annual Rent Growth

Annual Appreciation

Tax Residency

Projection: 15 years

Zero personal income tax

Monthly Net Cash Flow (Y1)

€987

Annual Net Cash Flow (Y1)

€11.842

Gross Yield

3.47%

Net Yield (Y1)

0.26%

Annualised ROI on Cash

0.63%

Break-Even Year

Year 1

Cash Flow Projection — 15 years

Year-by-Year Breakdown

Year	Effective Rent	Mortgage Interest	Charges	Op. Expenses	Tax Due	Net CF	Cum. CF	Property Value
1	€146.640	€64.800	€7.200	€62.798	€0	€11.842	€11.842	€4.725.000
2	€152.506	€64.800	€7.200	€65.850	€0	€14.655	€26.497	€4.961.250
3	€158.606	€64.800	€7.200	€69.051	€0	€17.554	€44.051	€5.209.313
4	€164.950	€64.800	€7.200	€72.409	€0	€20.541	€64.593	€5.469.778
5	€171.548	€64.800	€7.200	€75.930	€0	€23.618	€88.210	€5.743.267
6	€178.410	€64.800	€7.200	€79.624	€0	€26.786	€114.997	€6.030.430
7	€185.546	€64.800	€7.200	€83.498	€0	€30.048	€145.045	€6.331.952
8	€192.968	€64.800	€7.200	€87.562	€0	€33.407	€178.452	€6.648.549
9	€200.687	€64.800	€7.200	€91.824	€0	€36.863	€215.315	€6.980.977
10	€208.714	€64.800	€7.200	€96.295	€0	€40.420	€255.735	€7.330.026
11	€217.063	€64.800	€7.200	€100.984	€0	€44.079	€299.814	€7.696.527
12	€225.746	€64.800	€7.200	€105.903	€0	€47.842	€347.656	€8.081.353
13	€234.775	€64.800	€7.200	€111.063	€0	€51.713	€399.369	€8.485.421
14	€244.166	€64.800	€7.200	€116.475	€0	€55.691	€455.060	€8.909.692
15	€253.933	€64.800	€7.200	€122.152	€0	€59.781	€514.841	€9.355.177

Deposit

€1.800.000

Loan Amount

€2.700.000

Monthly Mortgage

€5.400