What the property is worth to you (unsold) — Furnished flat-share in Melun — LMNP · ID 02LMNPLMNP net worth, before and after income tax & social

This page shows what the property is worth to you if you do not sell: equity, value increase and your rental account. Result for year 25: €397,428 before tax, €245,476 after income tax and social contributions.

Where each number comes from

Each link opens the page that calculates that figure.

Loan paid off (equity built) Equity from Loan
Property value increase Appreciation
Your rental account, year by year LMNP personal rental account (opening, interest, flat tax, tax, payments after the purchase, closing)
1. Tax and cash left each year LMNP income tax, social contributions, after-tax cash flow
  1. Income you are taxed on each year LMNP taxable income (régime réel: result, losses, wear-and-tear)
    1. Profit per year Cash flow page: rent − costs − loan interest, before tax
    2. Wear-and-tear deduction (depreciation: building, improvements, furniture) Depreciation
  2. Cash flow before tax (rent − costs − loan payments) Cash Flow

Year:

What the property is worth to you (unsold, before tax) — year 25€397,428Equity + value increase + rental account, before any tax

What the property is worth to you after income tax & social — year 25€245,476Equity + value increase + rental account, after income tax & social

Part 1. Before any taxNet worth before tax

Day-1 equity€15,000
+Loan paid off (equity built)€110,000
+Value increase (end of year)€16,599
+Rental account before tax€255,828
=Net worth before tax (year 25)€397,428

\text{Net worth before tax (year 25)} = \text{Day-1 equity} + \text{Loan paid off (equity built)} + \text{Value increase (end of year)} + \text{Rental account before tax}

= \text{\text{€}15{,}000} + \text{\text{€}110{,}000} + \text{\text{€}16{,}599} + \text{\text{€}255{,}828}

= \text{\text{€}397{,}428}

Full ledgers: loan paid off, value increase, rental account.

Part 2. After income tax & socialNet worth after tax

Equity (day-1 + loan paid off)€125,000
+Value increase (end of year)€16,599
+Rental account€103,877
=Net worth after tax (year 25)€245,476

\text{Net worth after tax (year 25)} = \text{Equity (day-1 + loan paid off)} + \text{Value increase (end of year)} + \text{Rental account}

= \text{\text{€}125{,}000} + \text{\text{€}16{,}599} + \text{\text{€}103{,}877}

= \text{\text{€}245{,}476}

Why the two differ by €151,951 at year 25: only the account is different, and the gap is exactly what the tax took out of it.

Income tax + social paid (years 1–25, net of the CSG tax back received)€87,369
+Flat tax on the interest€12,576
+Interest not earned on the money paid in tax€52,007
−Extra cash you added because of the tax (payments after the purchase)€0
=Before tax − after tax€151,951

\text{Before tax − after tax} = \text{Income tax + social paid (years 1–25, net of the CSG tax back received)} + \text{Flat tax on the interest} + \text{Interest not earned on the money paid in tax} - \text{Extra cash you added because of the tax (payments after the purchase)}

= \text{\text{€}87{,}369} + \text{\text{€}12{,}576} + \text{\text{€}52{,}007} - \text{\text{€}0}

= \text{\text{€}151{,}951}

Part 3. Every year

Year	Equity (day-1 + loan paid off)Day-1 equity + Σ loan principal	Value increaseEnd-of-year appreciation	Rental account before tax	What the property is worth to you (unsold, before tax)	Rental account	What the property is worth to you after income tax & social
1	€18,958	€625	€6,640	€26,224	€6,627	€26,211
2	€23,048	€1,253	€12,418	€36,720	€12,115	€36,416
3	€27,275	€1,884	€18,384	€47,543	€14,876	€44,035
4	€31,641	€2,519	€24,545	€58,705	€17,742	€51,903
5	€36,154	€3,156	€30,908	€70,218	€20,596	€59,906
6	€40,816	€3,797	€37,480	€82,094	€23,433	€68,047
7	€45,634	€4,441	€44,270	€94,345	€26,251	€76,327
8	€50,613	€5,088	€51,285	€106,986	€28,884	€84,585
9	€55,757	€5,739	€58,534	€120,030	€31,494	€92,989
10	€61,072	€6,393	€66,026	€133,490	€34,070	€101,535
11	€66,564	€7,049	€73,769	€147,382	€36,608	€110,222
12	€72,240	€7,710	€81,772	€161,722	€39,105	€119,055
13	€78,104	€8,373	€90,047	€176,524	€41,556	€128,033
14	€84,163	€9,040	€98,602	€191,805	€43,956	€137,159
15	€90,424	€9,710	€107,449	€207,583	€46,301	€146,436
16	€96,894	€10,384	€116,597	€223,875	€48,300	€155,578
17	€103,579	€11,061	€126,060	€240,700	€50,238	€164,878
18	€110,487	€11,741	€135,848	€258,076	€52,097	€174,325
19	€117,625	€12,425	€145,973	€276,023	€53,871	€183,920
20	€125,000	€13,112	€156,449	€294,561	€55,553	€193,665
21	€125,000	€13,803	€174,907	€313,709	€64,757	€203,560
22	€125,000	€14,497	€194,046	€333,543	€74,188	€213,685
23	€125,000	€15,194	€213,894	€354,088	€83,848	€224,042
24	€125,000	€15,895	€234,479	€375,374	€93,742	€234,637
25	€125,000	€16,599	€255,828	€397,428	€103,877	€245,476