Penthouse in Alto Rodes, Faro
Grade B+apartmentmid-range

Penthouse in Alto Rodes, Faro

Faro · Eastern Algarve ·

€590,000

Asking Price (EUR)

6.4%

True Net Yield (Owner, all-in)

4.4%

True Net Yield (Managed, all-in)

9.9%

True Gross Yield

47%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.8 months ago and is currently at 15% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €66,725/yr
Average Daily Rate: €392
Payback Period: 10.9 years
5-yr Capital Value: €775,251
10-yr Capital Value: €943,212
Brixfox Score: 70.3 / 100
Comparable Properties: 7
Data Confidence: 73%
Search Radius: 4 km

True Investment Cost

Portuguese transfer tax (IMT) + stamp duty (IS) + notary + registration + legal + renovation + full furnishing & STR launch setup.

€675,400

+14.5% over asking

Asking price€590,000
IMT — Property transfer tax (investment schedule)€35,030
IS — Stamp duty (0.8%)€4,720
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€8,850
Total acquisition costs€49,850
Renovation€0 — move-in ready
Furnishing & STR launch (4bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€35,550
All-in investment (incl. renovation & furnishing)€675,400

Gross yield (asking price)

11.3%

True gross yield (all-in)

9.9%

Estimates use Portugal's investment IMT schedule (non-permanent residence). Actual notary & legal vary; budget +€500–1,000 for surveyor, due-diligence and bank-mortgage fees if financing. Renovation cost is a heuristic on property condition × m² — verify with a site visit. Furnishing uses finish-level-tiered rates covering beds, living, kitchen, electronics, AL licence, linens & professional photography. Working capital (2-3 months operating buffer) not included.

Bedrooms: 4
Building: 237 m²
Style: contemporary
Condition: excellent
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

colorful geometric rugfireplacelarge windows

Score Breakdown

ROI
21.86
Visual Appeal
10
Ownership Security
13
Location
7.8
Land & Space
6
Rental Demand
4.67
Payback Speed
4
STR Suitability
3

Description

Penthouse filled with natural light, featuring a large terrace and breathtaking panoramic views Layout & Areas Originally a 4-bedroom apartment (T4), now converted into a spacious and modern 3-bedroom (T3), fully renovated and designed for those who value space and comfort. 125 sqm of living area + 90 sqm of additio

Location

📍 37.0194°N, 7.9322°W

· Faro, Algarve, Portugal

View on IAD Portugal →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Penthouse in Alto Rodes, Faro

Inventory
4 Beds
Bathrooms
0 Baths
Built Area
237 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 7.7% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score70
GradeB+
Brixfox Intelligence
70B+Strong
Score Breakdown
ROI & Yield77%
Capital Growth74%
Risk Profile72%
Market Demand70%

The Brixfox Score is our proprietary AI-powered rating that evaluates rental ROI, capital appreciation potential, risk factors, and local market dynamics to give you a single investment quality metric.

Pro members get full score breakdown with AI recommendations
Average annual ROI over 5 years, combining both rental income and property value growth.
Total
+11.5%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$111K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.7%
$4,130/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
8 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
12.9 yr
Rental only

Property details

Condition: excellent

Description

Penthouse filled with natural light, featuring a large terrace and breathtaking panoramic views Layout & Areas Originally a 4-bedroom apartment (T4), now converted into a spacious and modern 3-bedroom (T3), fully renovated and designed for those who value space and comfort. 125 sqm of living area + 90 sqm of additio

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$572/night
50% ($263)Brixfox estimate($572/night)200% ($1053)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Yearly income
$49,564
Airbnb data$572/night · 47% occupancy
Rental income
$572/night · 47% occ.
$97,473
Running costs (20%)
Utilities, cleaning, maintenance
-$19,495
Income tax (10%)
Indonesian rental income tax
-$27,292
Property tax
Annual property tax
-$1,122
Net income
7.7% ROI
$49,564

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

True all-in investment

What the headline asking price actually costs once mandatory taxes, fees, renovation, and furnishing are added. Yields rebased onto this number — closer to what you'll really earn against what you'll really pay.

Asking price$641,304
IMT (transfer tax, investment schedule)$38,076
Imposto de Selo (stamp duty)$5,130
Notary & registration$1,359
Legal / due diligence$9,620
Total acquisition costs$54,185
RenovationMove-in ready
Furnishing & STR launch
4bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$38,641
All-in investment$734,130

Gross yield (asking)

15.2%

True gross yield (all-in)

13.3%

Estimates use Portugal's standard transfer tax + typical legal/notary defaults. Verify with local counsel before committing — actual fees vary by deal structure.

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$4.7M$3.5M$2.3M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $590K
Capital appreciation
Property value growing at +4%/yr based on Faro market trends.
Rental income
Cumulative net rental earnings collected over time, growing with annual revenue increases.
Total return
Capital value + rental income. Your actual total position if you sold and kept all rent.
Paid back
Year 12: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$718K
+22%
Rental Income
+$242K
Total Position
$960K
+63%
10.2%/yr
Year 10
Capital Value
$873K
+48%
Rental Income
+$523K
Total Position
$1.4M
+137%
9.0%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$1.2M
Total Position
$2.5M
+327%
7.5%/yr
Year 30
Capital Value
$1.9M
+224%
Rental Income
+$2.2M
Total Position
$4.1M
+592%
6.7%/yr

Location

Faro

Eastern Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.7% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$526 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $526 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 47% — factor in seasonal gaps

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
6.7%
$3,561/mo
40% occ.
8.9%
$4,779/mo
47% occ.
10.5%
$5,592/mo
current
57% occ.
12.7%
$6,810/mo

Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Includes 10% Indonesian rental tax (PPh) and annual property tax (PBB). Market factors in Portugal may impact actual yields.