Your rental account, year by year — Furnished flat-share in Melun — LMNP · ID 02LMNPLMNP personal rental account (opening, interest, flat tax, tax, payments after the purchase, closing)

Owning the flat yourself, the cash flow after the yearly tax (rent − costs − loan payments − tax) goes into one account of yours. It opens in year 1 with the cash left after the purchase (€1,044). Each year it earns your savings rate (4.00%) on the opening balance, less the 31.4% flat tax on that interest, and receives the cash left after tax. When it would go below €0, you add the missing cash yourself (a payment after the purchase): it counts in the total cash put in, in the return.

The report's “Before any tax” stage uses the same account with no income tax, no social contributions and no flat tax: it receives the cash flow before tax and earns the same interest. It feeds the net worth before tax and the return before tax. End of year 25: €255,828 before tax, against €103,877 after.