Period conversion, Phibsborough
2-Bedroom Period Conversion
Current valuation
€420,000
All figures before tax
Rent
€2,850/mo
€34,200 a year
Gross yield
8.14%
rent ÷ value
Net yield
7.12%
after running costs, before mortgage
Net income
€29,890
per year
Sample listing. This is an illustrative example used to show how the platform works — not a real property.
Why there's no address, building name or purchase details
Irish property sales, prices and tenancies are public record. An exact address or purchase price would let anyone look up who owns this home and who lives in it. To protect the co-owners and the tenant, listings show the area, the current valuation and the running numbers only. Admitted partners see the full details in their dashboard.
About the asset
Two-bedroom apartment in a converted Victorian house, close to the Luas Green Line and TU Dublin Grangegorman.
- Type
- 2-Bedroom Period Conversion
- Bedrooms
- 2
- Floor area
- ≈ 70 m²
- BER
- C1
- Tenancy
- Tenanted – RTB Registered
- Min. pledge
- €500
Where the rent goes
Per year, before tax.
Rent
€2,850 × 12
€34,200
Running costs
Management company service charge
−€2,600
Platform management fee
5% of rent
−€1,710
Net operating income
÷ €420,000 value = 7.12% net yield
€29,890
Not included: Local Property Tax, landlord insurance, repairs, letting fees and vacancy. These are logged as they happen and deducted before each monthly distribution.
Two ways to judge the return
The property's own return tells you whether it's a good asset. The owners' return shows what borrowing does to it. Per year, before tax.
The property
as if bought outright for €420,000
| Net operating income | €29,890 | 7.1% |
| Price growth (3% a year) | €12,600 | 3.0% |
7.1% if prices stay flat
Includes the 5% platform fee (€1,710); an owner managing the property directly keeps it. Price growth is an assumption and only becomes cash on a sale or refinance. Income tax is charged on rent minus costs and mortgage interest — loan repayments are not deductible — so at a 52% marginal rate tax can take most of the cash after mortgage.
What these numbers mean
- Gross yield
- A year's rent divided by the property's value. The headline number, before any costs.
- Net yield
- What's left of a year's rent after running costs and the management fee, divided by the value. It shows how well the property itself earns, however it is financed.
- Before tax
- Rental profit is taxed separately for each co-owner at their own rate, so every figure here is before income tax and USC.
ROI projection
Model your allocation
Monthly net cash payout
€29.65
€355.83 per year
Annual net yield
7.12%
1.190% of the asset
5-year total return
€2,576
+51.5% · €1,779 cash + €796 growth
Cumulative return, years 1–10
Illustrative model, before tax — not a forecast or an offer. Cash is paid out, not reinvested. Excludes acquisition costs (stamp duty, legal fees), vacancy, income tax and exit costs. Property values can fall.
Key risks
- Capital is at risk. Residential property values in Dublin have fallen sharply before (2007–2012).
- Rent may be interrupted by vacancy, arrears or Residential Tenancies Board disputes; rent increases are capped in Rent Pressure Zones.
- Co-ownership stakes are illiquid. There is no secondary market and an exit may depend on selling the whole property.
- Distributions are taxable income for each co-owner. This page is not tax or investment advice.