REAL ESTATE INVESTMENT CALCULATOR

Rental management lets you delegate all or part of the day-to-day handling of your rental to an agency or a manager. Fees may be calculated as a percentage of the rent or as a flat fee.

The fee base and the services included depend on the contract: rent excluding or including service charges, amounts collected or amounts invoiced. Tenant search, inventory check-in/check-out, lease renewal and unpaid rent insurance may be billed separately.

Use the VAT-inclusive rate and the fee base stated in your management mandate.

Simulation example: 6% applied to €10,000 of annual rent gives €600 of management fees.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

Rental vacancy is an absence of income, not a bill to pay. It may correspond to the gap between two tenants or to the time needed to get the property ready to rent again.

In the simulator, it should reduce the expected rent without being deducted a second time in the expenses.

Simulation example: with a rent of €800/month, one month without a tenant brings annual rent down from €9,600 to €8,800.

For a short-term rental, account for unrented nights only once, either here or in your rent assumptions. Do not combine two reductions for the same vacant nights.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

PNO insurance supplements the protection of the owner of a rented or vacant property. The cover varies from one policy to another: fire, water damage, liability or other damage.

In a co-owned building, each co-owner, whether or not they live there, must have at least liability insurance. This does not mean that every cover offered in a multi-risk PNO policy is compulsory.

Enter the premium, VAT included, from your quote or your renewal notice (the annual total is calculated automatically). Check that the policy matches the use of the property, especially for seasonal rentals, and do not confuse PNO insurance with unpaid rent insurance. Cover suited to tourist rentals is recommended.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

GLI compensates the owner if the tenant defaults, provided the terms of the policy are met.

Before settling on its cost, check the tenant eligibility criteria, the caps, deductibles, waiting periods and exclusions. Damage and legal costs are not covered in the same way by every policy.

Enter the amount of your policy (the annual total is calculated automatically) or apply the percentage to the base set by the insurer. Do not add it separately if it is already included in the management fees.

Simulation example: a premium of 3% on an annual base of €12,000 amounts to €360/year.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

This item lets you plan for the fees related to the accounting follow-up of your business or company.

Check what the engagement letter covers: bookkeeping or review of the accounts, tax returns, tracking of fixed assets and depreciation, advice or yearly support. Separate recurring fees from one-off costs for set-up, taking over the books or regularisation.

If you own several properties, do not charge the whole of the same fee to each one.

Simulation example: a flat fee of €600/year amounts to a monthly cost of €50.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

The CFE is a local tax whose rate is voted by the municipality or the inter-municipal authority. Its amount is specific to each municipality and each situation: there is no standard amount, so the simulator offers no default value.

To find out your amount:

• check your CFE notice, if you have already received one;
• check your professional account on impots.gouv.fr;
• ask your business tax office (SIE).

Depending on your situation, the first year may be billed little or not at all. Check this with the SIE rather than assuming an exemption.

If you own several properties or use a company, check to whom the tax is addressed so as not to count it twice.

Enter the annual amount from your notice in "Annual amount (€/year)": the monthly amount is calculated automatically. If you have no figure, use a personal assumption and keep it identified as such.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

This item is used to record a tax that applies to your situation and is not already counted elsewhere. Since the label "Local tax" is very broad, specify the nature of the amount entered. It must not be used to add property tax or CFE a second time.

In tourist rentals, the tourist tax is normally paid by the guest, then collected and passed on by the host or, in some cases, by the platform. It should therefore not automatically be treated as an expense borne by the owner. If the municipality applies the flat-rate tourist tax, it is owed by the host and is then a cost to enter here.

Housing tax on second homes may also still apply if the furnished property remains at your disposal on 1 January.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.

This item groups the running costs shared by the different units of your apartment building. Depending on how you operate, it may include:

• electricity and utilities for the common areas;
• upkeep of access ways and shared equipment;
• maintenance contracts;
• small supplies and shared repairs.

For each expense, distinguish the total cost from the share actually borne by the owner. Do not deduct twice the amounts recovered from tenants.

If each apartment has its own simulation, allocate the shared charges using an explicit allocation key. Do not copy the building's total cost onto every unit.

The amounts entered are used to estimate the project's expenses and cash position. Including them in the cash flow does not mean that all of them are tax-deductible. Avoid double counting and only count the share that remains your responsibility.