T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro
T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro — image 2T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro — image 3T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro — image 4T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro — image 5
Grade B+apartmentmid-range

T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro

Faro · Eastern Algarve ·

€340,000

Asking Price (EUR)

5.9%

True Net Yield (Owner, all-in)

4.1%

True Net Yield (Managed, all-in)

9.1%

True Gross Yield

60%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.5 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: €36,458/yr
Average Daily Rate: €165
-30.0% vs area baselineImage quality 6/10 (-3%), Dated style (-15%), No pool (-12%)
Payback Period: 11.4 years
5-yr Capital Value: €446,755
10-yr Capital Value: €543,546
Brixfox Score: 68.1 / 100
Comparable Properties: 10
Data Confidence: 71%
Search Radius: 3 km

True Investment Cost

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

€400,460

+17.8% over asking

Asking price€340,000
IMT — Property transfer tax (investment schedule)€15,030
IS — Stamp duty (0.8%)€2,720
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,100
Total acquisition costs€24,100
Renovation (est. €55/m² × 112 m²)
Light touch-ups — paint, fixtures, deep clean.		€6,160
(€3,360–€8,960)
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)€400,460

Gross yield (asking price)

10.7%

True gross yield (all-in)

9.1%

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: 2
Building: 112 m²
Style: dated
Condition: good
Year Built: 2009
Energy Certificate: B-

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

checkered rugdouble doors

Score Breakdown

ROI
21.24
Visual Appeal
8.2
Ownership Security
13
Location
8.4
Land & Space
4.24
Rental Demand
6.04
Payback Speed
4
STR Suitability
3

Description

Excellent 3-bedroom apartment, with 112 m² of living space, located in a highly sought-after area of Montenegro, in a prime location opposite a school and supermarket, with all kinds of services right at your doorstep. The property comprises three bedrooms, one of which is en-suite, two bathrooms, a functional kitchen

Location

📍 37.0324°N, 7.9632°W

· Faro, Algarve, Portugal

View on Century21 Realty Art 3 →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T3 flat in Rua Professor José Sousa Ferradeira, 10, Centro, Montenegro

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

Grade B+ investment — short-term rental yields 7.4% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score68
GradeB+
Brixfox Intelligence
68B+Strong
Score Breakdown
ROI & Yield75%
Capital Growth71%
Risk Profile70%
Market Demand68%

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
+11.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$64K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.4%
$2,273/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
13.5 yr
Rental only

Property details

Year built: 2009
Energy: B-
Condition: good

Description

Excellent 3-bedroom apartment, with 112 m² of living space, located in a highly sought-after area of Montenegro, in a prime location opposite a school and supermarket, with all kinds of services right at your doorstep. The property comprises three bedrooms, one of which is en-suite, two bathrooms, a functional kitchen

Income Breakdown

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Nightly Rate (ADR)
$244/night
50% ($112)Brixfox estimate($244/night)200% ($448)
Occupancy
60%
10%Brixfox estimate(60%)100%

Short-Term Rental

Yearly income
$27,278
Airbnb data$244/night · 60% occupancy
Rental income
$244/night · 60% occ.
$53,701
Running costs (20%)
Utilities, cleaning, maintenance
-$10,740
Income tax (10%)
Indonesian rental income tax
-$15,036
Property tax
Annual property tax
-$647
Net income
7.4% ROI
$27,278

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$369,565
IMT (transfer tax, investment schedule)$16,337
Imposto de Selo (stamp duty)$2,957
Notary & registration$1,359
Legal / due diligence$5,543
Total acquisition costs$26,196
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$6,696
($3,652–$9,739)
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$435,283

Gross yield (asking)

14.5%

True gross yield (all-in)

12.3%

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.

$2.6M$2.0M$1.3M$660K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $340K
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
$414K
+22%
Rental Income
+$133K
Total Position
$547K
+61%
10.0%/yr
Year 10
Capital Value
$503K
+48%
Rental Income
+$288K
Total Position
$791K
+133%
8.8%/yr
Year 20
Capital Value
$745K
+119%
Rental Income
+$674K
Total Position
$1.4M
+317%
7.4%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$1.2M
Total Position
$2.3M
+575%
6.6%/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
7.4% annual return
Occupancy
Good
60% average occupancy
Nightly Rate
Strong
$224 per night
Visual Appeal
Average
4/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $224 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Visual appeal is below average — photos may not compete well on Airbnb listings

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

40% occ.
6.6%
$2,041/mo
50% occ.
8.3%
$2,560/mo
60% occ.
10.0%
$3,079/mo
current
70% occ.
11.7%
$3,597/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.