Casale/cascina a Pergo, Cortona
Casale/cascina a Pergo, Cortona — image 2Casale/cascina a Pergo, Cortona — image 3Casale/cascina a Pergo, Cortona — image 4Casale/cascina a Pergo, Cortona — image 5
Grade A+villamid-range

Casale/cascina a Pergo, Cortona

Cortona · Arezzo · Tuscany

€680,000

Asking Price (EUR)

5.5%

Net Yield (managed, after tax, all-in)

10.4%

Self-managed (after tax, all-in)

17.7%

Gross Yield (on all-in cost)

45%

Occupancy (modelled, annual)

Net yield is what a fully-managed owner of one let property keeps after the cedolare secca — the flat 21% tax on GROSS rent, owed whatever the costs — divided by the all-in acquisition cost. A second let property is taxed at 26%, and from the third the letting is a business. Confirm the treatment with an Italian commercialista.

Projected Gross Revenue: €137,936/yr
Nightly Rate: €839implied by the gross revenue and the occupancy
Cedolare Secca (21% of gross): €28,967/yr
Payback (managed, after tax): 18.1 years
5-yr Capital Value: €769,358
10-yr Capital Value: €870,457
Brixfox Score: 97.6 / 100
Comparable Airbnbs: 5
Data Confidence: 76%
Search Radius: 2 km
Season curve: Tuscany

True Investment Cost

Registration tax or VAT + notary + your own agency commission + legal + furnishing.

€778,940

+14.5% over asking

Asking price€680,000
Imposta di registro (9% of the cadastral value)€30,700
Notary€5,056
Buyer’s agency commission (incl. 22% VAT)€24,888
Legal fees (incl. 22% VAT)€8,296
Furnishing€30,000
All-in investment€778,940

On a resale from a private seller the imposta di registro is charged on the cadastral value, not the price; we do not know a listing’s rendita catastale, so it is modelled at half the price, above the national average, which errs towards a higher tax and a lower yield. In Italy the buyer pays their own agency commission. Budget extra for a survey, translation and a power of attorney if you will not sign in person.

Annual Operating Costs (fully managed)

The stored cost lines behind the net yield above.

Gross rental revenue€137,936
Rental management−€37,022
Booking channel fees−€5,517
Cleaning & consumables−€6,897
Utilities (electricity, gas, water, internet)−€4,500
IMU (municipal property tax)−€4,805
TARI (waste tax)−€1,710
Maintenance reserve−€3,400
Insurance−€900
Commercialista & tax filing−€1,200
Cedolare secca (21% of gross)−€28,967
Bedrooms: 11
Bathrooms: 5
Building: 380 m²
Land: 5000 m²
Style: rustic-restored
Condition: excellent
countryside

No CIN stated

The listing prints no CIN and says nothing about short-term letting, which is the norm for an Italian for-sale advertisement: an open question for the agency, not a red flag. The regional code and the national CIN are filed per unit under the buyer’s own codice fiscale once the sale completes.

Italy requires a national CIN (Codice Identificativo Nazionale) for every short-term let, on top of the regional code. Since May 2026 Airbnb and Booking delist listings without a valid CIN; operating without one carries fines of EUR 800-8,000. Regional registration for this property sits with Toscana (Ross1000) (CIR/CIN). From the third short-let property the activity is classed as a business (Partita IVA, social contributions, no cedolare secca). Brixfox models a single-property, non-professional owner.

A CIN is issued for a unit to the person who operates it, and it does not pass with the sale: the buyer files the regional code and the national CIN again under their own codice fiscale. Have an Italian commercialista confirm the comune still accepts new short-term lets (Florence and Venice cap them in their historic centres) before underwriting rental income.

Design Features

stone-facadearched-windowstraditional-tiled-roof

Score Breakdown

ROI
19.56
Visual Appeal
11.8
Ownership Security
13
Location
9.12
Land & Space
12
Rental Demand
4.51
Payback Speed
4
STR Suitability
2

Description

Caratteristiche principali: Superficie abitabile: circa 380 mq Garage: circa 115 mq (semi-interrato) Vani: 11 Camere da letto: 4 Bagni: 5 Giardino: 5.000 mq Riscaldamento: Autonomo Acqua: Acquedotto Condizioni: Al grezzo Descrizione Interni: In una delle zone più affascinanti di Cortona, nella località di Pergo, questa straordinaria proprietà in pietra di circa 380 mq sorge immersa in un terreno di 5.000 mq, posizionata in collina con una vista panoramica mozzafiato sulla campagna toscana. La struttura è una tipica colonica toscana che si sviluppa su quattro livelli, ognuno con un fascino autentico. Il primo piano ospita tre ampie camere da letto, ciascuna con il proprio bagno privato, mentre al piano terra troviamo una spaziosa cucina e ampi saloni, che possono essere personalizzati in base alle proprie esigenze. L’elemento distintivo della proprietà è la torre panoramica, ideale come studio o camera aggiuntiva, che offre una vista impareggiabile sul paesaggio circostante. La villa è attualmente allo stato grezzo, offrendo un’opportunità unica per una ristrutturazione parziale, trasformandola in una residenza esclusiva. Il garage semi-interrato di circa 115 mq è un ulteriore vantaggio, fornendo ampi spazi per parcheggio, deposito o per creare una zona hobby o ricreativa. La proprietà, con le sue caratteristiche originali e il suo ampio potenziale, rappresenta una vera opportunità per chi cerca una residenza dal fascino autentico nel cuore della Toscana. Descrizione Esterni: Il casale è circondato da un terreno di 5.000 mq, che offre ampi spazi all'aperto, perfetti per creare un bellissimo giardino, un orto o anche una piscina, godendo della vista spettacolare sulla valle sottostante. La proprietà è situata in una zona tranquilla e riservata, ideale per chi desidera vivere immerso nella natura senza rinunciare alla comodità dei principali servizi di Cortona. Possibilità di personalizzare gli spazi interni e completare la ristrutturazione a proprio gusto Distanze: Cortona centro: 10 km Supermercato: 3 km Aeroporto di Perugia: 50 km Aeroporto di Firenze: 120 km Mare: 130 km Riferimento: A1190RC94115.

Location

📍 43.2594°, 12.0173°

Cortona, Tuscany, Italy

Listed by Toscana Houses - Agenzia Immobiliare Ercolani s.r.l.

Price
€680,000
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11-bedroom freehold villa in Cortona — photo 1 of 5
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Casale/cascina a Pergo, Cortona

Cortona · Tuscany · Ref BF-49013Source · Toscana Houses - Agenzia Immobiliare Ercolani s.r.l. · listed 2 Oct 2026
Asking price
€680,000
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Italy ownership, tax and letting rules

Bedrooms
11
Bathrooms
5
Built area
380 m²
Land
5000 m²
Condition
Good, lived-in
(portal field)
Brixfox Score 98 · A+Financial analysis ↓

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No CIN stated

The listing prints no CIN and says nothing about short-term letting, which is the norm for an Italian for-sale advertisement: an open question for the agency, not a red flag. The regional code and the national CIN are filed per unit under the buyer’s own codice fiscale once the sale completes.

Italy requires a national CIN (Codice Identificativo Nazionale) for every short-term let, on top of the regional code. Since May 2026 Airbnb and Booking delist listings without a valid CIN; operating without one carries fines of EUR 800-8,000. Regional registration for this property sits with Toscana (Ross1000) (CIR/CIN). From the third short-let property the activity is classed as a business (Partita IVA, social contributions, no cedolare secca). Brixfox models a single-property, non-professional owner.

A CIN is issued for a unit to the person who operates it, and it does not pass with the sale: the buyer files the regional code and the national CIN again under their own codice fiscale. Have an Italian commercialista confirm the comune still accepts new short-term lets (Florence and Venice cap them in their historic centres) before underwriting rental income.

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Cortona — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is the expected BOOKED rate — nearby asking prices corrected by our measured, market-calibrated asking-to-booked factor. Occupancy is calibrated against tracked reference homes nearby. Comp cards below show raw asking prices.
Expected ADR
€839
Expected booked rate (market-calibrated)
Expected occupancy
45%
Full-year estimate, market-calibrated
Projected annual revenue
€137,936
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Sep +35% · Low Jan -53%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
€
Acquisition costs· 10.1% of price, auto-calculated
€68,940
Imposta di registro (9% of the cadastral value) + fixed taxes€30,700
Buyer-side agency commission (incl. IVA)€24,888
Legal, survey & translated deed€8,296
Notary (rogito, incl. IVA)€5,056
Renovation budget· no measured Italy basis — enter your own quote
€
Furniture & STR launch
€
All-in investment
€778,940
+14.5% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
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Rental management
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Booking channel fees
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Cleaning & consumables
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Utilities (electricity, gas, water, internet)
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IMU (municipal property tax)
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TARI (waste tax)
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Maintenance reserve
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Insurance
••••
Commercialista & tax filing
••••
Cedolare secca
••••
Net operating income
••••
Net yield on all-in investment
••%

Income tax is the cedolare secca at 21% of gross rent, the rate for a non-professional owner letting one property: a second let property pays 26%, and from the third the letting is a business (Partita IVA, no cedolare secca). IMU (at the comune's published rate, or the median rate where it is not on file) and the registration tax rest on a cadastral value modelled from the price, as the listing states no rendita catastale; the visura catastale gives the real figure. Financing is not modelled.

Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%2.5% · Brixfox model assumption8%
Yield + value growth
••/yr
••% net yield + 0% value growth
Value growth figures are illustrative only. The marker is the yearly growth Brixfox's model assumes for this market, not measured local price history; local supply, regulation and currency moves can materially change outcomes. Not financial advice.
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The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Italy ownership, tax and letting rules

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Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Cortona · Tuscany

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Verdict

Score, and what could go wrong

Same net-yield basis as the financial analysis

Brixfox Score

98A+
Location••••
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Rental Yield••••
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Occupancy••••
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Nightly Rate••••
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Visual Appeal••••
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Size & Space••••
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STR Registration••••
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Tenure••••
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Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-15 pts occupancy30%••••••%
-5 pts occupancy40%••••••%
Expected45%••••••%
+10 pts occupancy55%••••••%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost · upgrade to Pro to stress-test this yield

TenureFreeholdno lease decay · no amortisation
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Property Underwriting Report

PDF report · one-time purchase · this property

  • The page’s own figures, line by line
  • Every purchase cost and the all-in total
  • Occupancy and offer-price what-ifs
  • Italy ownership, tax and letting rules

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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.Data sources & methodology ›

ROI calculations use Brixfox Intelligence rental data from tracked Airbnb calendars. Operating costs are modelled per line — Airbnb/Booking channel fees whoever manages, then either a full-service management commission or the staff/local operations a self-managing owner buys back, cleaning residual, utilities & insurance, local taxes — with every rate editable in the Financial analysis P&L above. Gross revenue is identical in both management scenarios. Market factors in Italy may impact actual yields.