Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro
Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro — image 2Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro — image 3Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro — image 4Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro — image 5
Grade B+apartmentmid-range

Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro

Faro · Eastern Algarve ·

€630,000

Asking Price (EUR)

4.8%

True Net Yield (Owner, all-in)

3.3%

True Net Yield (Managed, all-in)

7.3%

True Gross Yield

66%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.7 months ago and is currently at 14% 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: €52,225/yr
Average Daily Rate: €216
-9.0% vs area baselineImage quality 8/10 (+3%), No pool (-12%)
Payback Period: 14.8 years
5-yr Capital Value: €827,811
10-yr Capital Value: €1.0M
Brixfox Score: 71.8 / 100
Comparable Properties: 9
Data Confidence: 69%
Search Radius: 3 km

True Investment Cost

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

€714,170

+13.4% over asking

Asking price€630,000
IMT — Property transfer tax (investment schedule)€38,230
IS — Stamp duty (0.8%)€5,040
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,450
Total acquisition costs€53,970
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€30,200
All-in investment (incl. renovation & furnishing)€714,170

Gross yield (asking price)

8.3%

True gross yield (all-in)

7.3%

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: 3
Bathrooms: 3
Building: 230 m²
Style: minimalist
Condition: new-build
Energy Certificate: A+

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

integrated applianceskitchen island with breakfast barrecessed lighting

Score Breakdown

ROI
18.16
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
6.66
Payback Speed
3
STR Suitability
3

Description

3 bedroom Penthouse Apartment with pool in the center of Montenegro – Faro Located on Rua António Carrusca Rodrigues, Nº. 18, Montenegro, this apartment combines comfort, modernity and excellent location. With a contemporary design conceived for well-being, the property offers: Spacious bedrooms with excellent natur

Location

📍 37.0310°N, 7.9664°W

· Faro, Algarve, Portugal

View on Sucesul - Construções →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Penthouse in Rua Antonio Carrusca Rodrigues, 12, Centro, Montenegro

Inventory
3 Beds
Bathrooms
3 Baths
Built Area
230 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 5.7% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score72
GradeB+
Brixfox Intelligence
72B+Strong
Score Breakdown
ROI & Yield79%
Capital Growth76%
Risk Profile73%
Market Demand72%

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
+9.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$118K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.7%
$3,226/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
10 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
17.7 yr
Rental only

Property details

Energy: A+
Condition: new-build

Description

3 bedroom Penthouse Apartment with pool in the center of Montenegro – Faro Located on Rua António Carrusca Rodrigues, Nº. 18, Montenegro, this apartment combines comfort, modernity and excellent location. With a contemporary design conceived for well-being, the property offers: Spacious bedrooms with excellent natur

Income Breakdown

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Nightly Rate (ADR)
$316/night
50% ($145)Brixfox estimate($316/night)200% ($581)
Occupancy
67%
10%Brixfox estimate(67%)100%

Short-Term Rental

Yearly income
$38,712
Airbnb data$316/night · 67% occupancy
Rental income
$316/night · 67% occ.
$76,750
Running costs (20%)
Utilities, cleaning, maintenance
-$15,350
Income tax (10%)
Indonesian rental income tax
-$21,490
Property tax
Annual property tax
-$1,198
Net income
5.7% ROI
$38,712

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$684,783
IMT (transfer tax, investment schedule)$41,554
Imposto de Selo (stamp duty)$5,478
Notary & registration$1,359
Legal / due diligence$10,272
Total acquisition costs$58,663
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$776,272

Gross yield (asking)

11.2%

True gross yield (all-in)

9.9%

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.

$4.3M$3.2M$2.1M$1.1M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $630K
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 15: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$766K
+22%
Rental Income
+$189K
Total Position
$956K
+52%
8.7%/yr
Year 10
Capital Value
$933K
+48%
Rental Income
+$408K
Total Position
$1.3M
+113%
7.8%/yr
Year 20
Capital Value
$1.4M
+119%
Rental Income
+$957K
Total Position
$2.3M
+271%
6.8%/yr
Year 30
Capital Value
$2.0M
+224%
Rental Income
+$1.7M
Total Position
$3.7M
+493%
6.1%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.7% annual return
Occupancy
Good
67% average occupancy
Nightly Rate
Strong
$291 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 $291 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Compact plot at 0 m² — limited expansion potential

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

47% occ.
5.3%
$3,032/mo
57% occ.
6.5%
$3,704/mo
67% occ.
7.7%
$4,377/mo
current
77% occ.
8.8%
$5,049/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.