T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro
T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 2T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 3T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 4T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 5
Grade B+apartmentmid-range

T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€615,000

Asking Price (EUR)

3.6%

True Net Yield (Owner, all-in)

2.5%

True Net Yield (Managed, all-in)

5.5%

True Gross Yield

50%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.6 months ago and is currently at 13% 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: €37,948/yr
Average Daily Rate: €207
+13.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 19.9 years
5-yr Capital Value: €808,101
10-yr Capital Value: €983,178
Brixfox Score: 65.9 / 100
Comparable Properties: 76
Data Confidence: 92%
Search Radius: 2 km

True Investment Cost

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

€692,275

+12.6% over asking

Asking price€615,000
IMT — Property transfer tax (investment schedule)€37,030
IS — Stamp duty (0.8%)€4,920
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,225
Total acquisition costs€52,425
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€692,275

Gross yield (asking price)

6.2%

True gross yield (all-in)

5.5%

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: 2
Bathrooms: 2
Building: 210 m²
Style: modern
Condition: excellent
Year Built: 2023
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

floating staircaselarge panoramic windowsopen-plan living/dining

Score Breakdown

ROI
15.5
Visual Appeal
13.6
Ownership Security
13
Location
7.8
Land & Space
6
Rental Demand
5.03
Payback Speed
2
STR Suitability
3

Description

Modern flat as NEW in condominium with heated pool and superb GARDEN. Consisting of a large living room, fully equipped kitchen, it includes two bedrooms, 1 en suite with bathroom with bathtub and closet area, two bathrooms, extra wardrobe in the hall, all rooms with access to a large balcony with barbecue and pleasant

Location

📍 37.0264°N, 7.9435°W

· Faro, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T2 flat in Horta das Figuras - Lejana - Senhora da Saúde, Faro

Inventory
2 Beds
Bathrooms
2 Baths
Built Area
210 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 4.2% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score66
GradeB+
Brixfox Intelligence
66B+Strong
Score Breakdown
ROI & Yield73%
Capital Growth69%
Risk Profile68%
Market Demand66%

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
+7.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$115K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.2%
$2,317/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
12 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
24.0 yr
Rental only

Property details

Year built: 2023
Energy: A
Condition: excellent

Description

Modern flat as NEW in condominium with heated pool and superb GARDEN. Consisting of a large living room, fully equipped kitchen, it includes two bedrooms, 1 en suite with bathroom with bathtub and closet area, two bathrooms, extra wardrobe in the hall, all rooms with access to a large balcony with barbecue and pleasant

Income Breakdown

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Customize your projections
Nightly Rate (ADR)
$303/night
50% ($140)Brixfox estimate($303/night)200% ($558)
Occupancy
50%
10%Brixfox estimate(50%)100%

Short-Term Rental

Yearly income
$27,806
Airbnb data$303/night · 50% occupancy
Rental income
$303/night · 50% occ.
$55,723
Running costs (20%)
Utilities, cleaning, maintenance
-$11,145
Income tax (10%)
Indonesian rental income tax
-$15,602
Property tax
Annual property tax
-$1,170
Net income
4.2% ROI
$27,806

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$668,478
IMT (transfer tax, investment schedule)$40,250
Imposto de Selo (stamp duty)$5,348
Notary & registration$1,359
Legal / due diligence$10,027
Total acquisition costs$56,984
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$752,473

Gross yield (asking)

8.3%

True gross yield (all-in)

7.4%

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.

$3.7M$2.8M$1.8M$923K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $615K
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 19: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$748K
+22%
Rental Income
+$136K
Total Position
$884K
+44%
7.5%/yr
Year 10
Capital Value
$910K
+48%
Rental Income
+$293K
Total Position
$1.2M
+96%
6.9%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$687K
Total Position
$2.0M
+231%
6.2%/yr
Year 30
Capital Value
$2.0M
+224%
Rental Income
+$1.2M
Total Position
$3.2M
+422%
5.7%/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
Average
4.2% annual return
Occupancy
Average
50% average occupancy
Nightly Rate
Strong
$279 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 $279 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.2% is near the market average — model your cashflow carefully

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
3.3%
$1,861/mo
40% occ.
4.5%
$2,507/mo
50% occ.
5.7%
$3,153/mo
current
60% occ.
6.8%
$3,799/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.