Yearly return if you sell in year N (money-weighted) — Furnished flat-share in Melun — SCI à l’IS · ID 04SCI ISMWRR — After Sale

Company lender rate > 0: shortfalls are covered by a lender's short-term loan (not your money). Rate = 0: shortfalls are paid by you and counted here. The company's lender rate (one for the whole company: the portfolio's setting, else the first property's) is 0.00%, so you cover shortfalls personally — each year you put in exactly what keeps the company account at €0 (the payment after the purchase shown on the Savings account page, which also joins your compte courant and is paid back at the sale).

Year 0 is the initial investment; after that, the injections are the payments after the purchase of the savings account page, Part 3. Each is made at the end of its year and grows from the next year on.

What's added at Year 1 from selling the property. Sale IS is specifically the sale-driven portion of the pooled IS bracket call (IS at Exit Ledger's own isOnCapitalGainDisplay), not the full combined bracket figure. The bank loan's own financing cost is already inside Cash Flow (the loan annuity) and inside Remaining Loan Balance here — it is not added again. The Compte-Courant loan balance is deliberately not its own line here either — its tax-reducing effect is already inside Impôt below (repaying it lowers the taxable distribution base before the rate is applied, see Net Cash to Associates) — adding the balance again would double it.

Each amount in the worked lines is rounded to the cent, so a line can differ by €0.01.

Year 1: sale extras = €1,044.04 (cash left in the company after the purchase, paid back) + €125,625.00 (sale price) − €6,281.25 (agency fee) − €1,060.42 (loan payoff costs) − €106,041.76 (loan left) − €0.00 (the tax on the sale gain, IS at Exit Part 3) − €0.00 (its exit tax on the payout, Net cash page) = €13,285.61.

Sources: Cost of selling (sale price, fees, loan left) · Total company tax if you sell (the tax on the sale gains) · Cash you walk away with (the exit tax).

Any deficit year's own negative Total is still counted here in full (the loss is real) — but that same amount is also added to Total Injected (Part 1), so it cancels out of the Final Amount below without disappearing from Total Profit.

Year 1: final amount = total injected €60,232.55 + €5,106.09 (Σ totals) + €13,285.61 (Year 1 sale extras) − €60,232.55 (initial investment) = €18,391.70.

Year 1: this equals the cash you walk away with, €18,391.70 (its page) — the money available at sale minus the exit tax.

Bars are drawn only for Year 0 (the initial investment) and Year 1 (that year's own amounts plus the Year 1 extras); the in-between years' amounts are too small to read at this scale, so they aren't drawn — hover any year for its full breakdown. Y-axis uses a compressed (signed arcsinh) scale; hover values and labels still show real, untransformed euro amounts. The total profit line tracks the running net profit through each year (starting at −€60,233, ending at Total Profit — the same Total Profit figure shown in Part 2) — add back Total Injected (Part 1), not just the Year 0 investment, to get the Final Amount from Part 2. No breakeven marker here deliberately — most of Total Profit lands all at once at Year N (Exit-Year Extras), so a mid-chart zero-crossing on the cumulative line wouldn't mean you'd actually recovered your money at that point, only that the running Total_t sum did.

Each euro injected, compounded at R from its own injection year, equals the final amount. Built up in 3 steps: first the total actually injected, then the final amount it grew into, then R itself.

Step 1 — Total Injected

Every other year (Inj_t for t not shown above) is €0 — omitted from the sum above rather than listing 1 zero rows.

Step 2 — Final Amount (FV_final)

Step 3 — Solve for R

R ≈ −69.4655%: Σ Inj_t × (1 + R)^(1 − t) = €18,391.70; minus the final amount €18,391.70 = €0.00 — R is the rate that makes this €0. Each injection is made at the end of its year t and grows from the next year on, for N − t years (the initial investment, Year 0, for all N).

Depends on the rate idle cash earns in the Reinvestment/Financing Account — see Reinvestment/Financing Account.

MWRR by exit year — the exact same method as Part 4, recomputed for every year 1 through 25 instead of just Year 1. Use the year selector above to view any one of these years in full detail.