ROI Model
How to compare cashflow, capital binding and operating model across markets.
Finance ROI
Gross vs net
A quoted 8% gross ROI can be attractive but incomplete. Management, platforms, taxes, repairs, vacancy and furnishing must be modeled.
Key takeaway. This section is designed as an operational reference, not a motivational note. Every claim should eventually map to a document, observation or calculation.
Capital denominator
A fully furnished 100k EUR Genova apartment may compete well with a 700k PLN raw-state Gdańsk unit because the denominator is lower and cashflow starts sooner.
Management cost
In Genova, local physical management may reduce net yield, but lower capital binding can compensate.
Decision output
ROI is never a standalone buy signal. It must be read with risk score, liquidity impact and operational feasibility.
Sample comparison
| Scenario | Total capital | Operational start | Main risk |
|---|---|---|---|
| S17 raw-state | 700k–750k PLN | After build-out | Liquidity concentration |
| Genova furnished | ~100k–120k EUR | Potentially faster | Local management |