Yearly return if you sell (after all taxes) — Furnished flat-share in Melun — LMNP · ID 02LMNPLMNP MWRR after sale

This page shows the yearly return on the money you put in if you sell, after every tax. Result for year 25: 5.57% per year.

Where each number comes from

Each link opens the page that calculates that figure.

Cash you end up with if you sell Rental account + cash from the sale after tax
1. 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
2. Tax on the gain when you sell Plus-value des particuliers (LMNP resale)
  1. What the sale leaves after the loan and fees Net Sale Proceeds Ledger
  2. Wear-and-tear actually deducted Depreciation used (taxable-income page), taken off the purchase price at resale
    1. Profit per year Cash flow page: rent − costs − loan interest, before tax
    2. Wear-and-tear deduction (depreciation: building, improvements, furniture) Depreciation
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:

Part 1. The short answerKey figures

You own the flat yourself and rent it out furnished under the LMNP “régime réel”: the rent minus the real costs and a yearly wear-and-tear deduction is added to your income and taxed each year, and the gain is taxed when you sell. Figures below are for selling at the end of year 25.

Income tax + social contributions on the rent (years 1–25)€87,176Σ (income tax + social contributions) − every CSG tax back earned in these years, including the one paid the year after (not yet received). It leaves out the flat tax on your rental account’s interest and the tax on the sale gain — the money flow’s “All tax paid so far” includes them.

Tax on the gain when you sell (year 25)€4,804Total resale tax (IR 19% + PS 17.2% + surtax)

Cash from the sale after tax (year 25)€129,909Net sale proceeds after tax (after loan payoff and selling costs)

Return on investment (year 25, per year)5.57%Money-weighted return (MWRR) after all taxes, including the sale (lib/roi-engine/tax/lmnpReturn.ts)

Cash flow after tax (years 1–25)€75,358Cumulative after-tax cash flow (not compounded)

No income tax until year 2: until then the result is either negative (year 1: the purchase fees) or covered by wear-and-tear (this year's and the amount saved); past losses come only after that, within their 10 years.

Part 2. Cash at purchase and payments after the purchaseMoney injected

Year 0: the cash at purchase, €60,233. After that, the cash you add whenever your rental account would go below €0 (a payment after the purchase): €0 through year 25.

Year	Rental account after the purchase, before your payment	Put in (payment after the purchase)¹	Rental account (closing)
1	€6,627	€0	€6,627
2	€12,115	€0	€12,115
3	€14,876	€0	€14,876
4	€17,742	€0	€17,742
5	€20,596	€0	€20,596
6	€23,433	€0	€23,433
7	€26,251	€0	€26,251
8	€28,884	€0	€28,884
9	€31,494	€0	€31,494
10	€34,070	€0	€34,070
11	€36,608	€0	€36,608
12	€39,105	€0	€39,105
13	€41,556	€0	€41,556
14	€43,956	€0	€43,956
15	€46,301	€0	€46,301
16	€48,300	€0	€48,300
17	€50,238	€0	€50,238
18	€52,097	€0	€52,097
19	€53,871	€0	€53,871
20	€55,553	€0	€55,553
21	€64,757	€0	€64,757
22	€74,188	€0	€74,188
23	€83,848	€0	€83,848
24	€93,742	€0	€93,742
25	€103,877	€0	€103,877

Part 3. Final amount at year 25

Year	Cash flow after taxAfter-tax cash flow	Interest after the flat tax	Total
1	€5,555	€29	€5,583
2	€5,305	€182	€5,487
3	€2,429	€332	€2,762
4	€2,458	€408	€2,866
5	€2,366	€487	€2,853
6	€2,272	€565	€2,837
7	€2,176	€643	€2,819
8	€1,913	€720	€2,633
9	€1,817	€793	€2,610
10	€1,712	€864	€2,576
11	€1,604	€935	€2,538
12	€1,492	€1,005	€2,497
13	€1,378	€1,073	€2,451
14	€1,260	€1,140	€2,400
15	€1,139	€1,206	€2,345
16	€729	€1,270	€1,999
17	€612	€1,325	€1,938
18	€480	€1,379	€1,859
19	€344	€1,430	€1,774
20	€204	€1,478	€1,683
21	€7,680	€1,524	€9,204
22	€7,655	€1,777	€9,431
23	€7,624	€2,036	€9,660
24	€7,593	€2,301	€9,894
25	€7,562	€2,572	€10,134

Cash left in your rental account after the purchase€1,044
+Cash from the sale after tax€129,909
=Added in year 25, the year you sell€130,953

\text{Added in year 25, the year you sell} = \text{Cash left in your rental account after the purchase} + \text{Cash from the sale after tax}

= \text{\text{€}1{,}044} + \text{\text{€}129{,}909}

= \text{\text{€}130{,}953}

Money into your rental account, years 1–25€102,833
+Added in year 25, the year you sell€130,953
−Cash at purchase€60,233
=Total profit€173,553

\text{Total profit} = \text{Money into your rental account, years 1–25} + \text{Added in year 25, the year you sell} - \text{Cash at purchase}

= \text{\text{€}102{,}833} + \text{\text{€}130{,}953} - \text{\text{€}60{,}233}

= \text{\text{€}173{,}553}

Total cash put in (Part 2)€60,233
+Total profit€173,553
=Final amount€233,786

\text{Final amount} = \text{Total cash put in (Part 2)} + \text{Total profit}

= \text{\text{€}60{,}233} + \text{\text{€}173{,}553}

= \text{\text{€}233{,}786}

Check: the final amount is also your rental account at the end of year 25 (€103,876.85) + the cash from the sale after tax (€129,908.92) = €233,785.76 — cash you end up with if you sell.

Part 4. The formula

R = 5.57460673%: Σ Inj_t × (1 + R)^(25 − t) = €233,785.76; minus the final amount €233,785.76 = €0.00 — R is the rate that makes this €0. Each amount is put in at the end of its year t and grows from the next year on, for N − t years (the cash at purchase, year 0, for all N).

Part 5. ResultResult + proof

Cash at purchase and payments after the purchase€60,233Total cash put in

Final amount€233,786Cash you end up with if you sell

Multiple3.883.88× money put in

Return on investment5.57%Money-weighted return (MWRR) after all taxes, including the sale (lib/roi-engine/tax/lmnpReturn.ts)

Part 6. Yearly return by sale year (MWRR)MWRR by year

The same method for every sale year. Every year uses the projected sale price for that year, except the year you plan to sell (25), which uses your own sale price when you entered one.

Year	Cash you end up with if you sell	Yearly return (MWRR)¹
1	€18,869	-68.67%
2	€28,690	-30.98%
3	€35,105	-16.47%
4	€41,650	-8.81%
5	€48,332	-4.31%
6	€60,899	0.18%
7	€68,923	1.94%
8	€76,038	2.96%
9	€83,398	3.68%
10	€91,005	4.21%
11	€98,861	4.61%
12	€106,969	4.90%
13	€115,329	5.12%
14	€123,944	5.29%
15	€132,816	5.41%
16	€141,795	5.50%
17	€151,009	5.56%
18	€160,462	5.59%
19	€170,155	5.62%
20	€180,088	5.63%
21	€190,187	5.63%
22	€200,397	5.62%
23	€211,189	5.61%
24	€222,317	5.59%
25	€233,786	5.57%