T4 flat, Urbanização Hortas das Figuras, Horta das Figuras - Lejana - Senhora da Saúde, Faro
Grade B+apartmentmid-range

T4 flat, Urbanização Hortas das Figuras, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€499,500

Asking Price (EUR)

7.4%

True Net Yield (Owner, all-in)

5.1%

True Net Yield (Managed, all-in)

11.3%

True Gross Yield

47%

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: €66,214/yr
Average Daily Rate: €389
Payback Period: 9.3 years
5-yr Capital Value: €656,336
10-yr Capital Value: €798,533
Brixfox Score: 72.4 / 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.

€585,644

+17.2% over asking

Asking price€499,500
IMT — Property transfer tax (investment schedule)€27,790
IS — Stamp duty (0.8%)€3,996
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€7,493
Total acquisition costs€40,529
Renovation (est. €55/m² × 183 m²)
Light touch-ups — paint, fixtures, deep clean.		€10,065
(€5,490–€14,640)
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)€585,644

Gross yield (asking price)

13.3%

True gross yield (all-in)

11.3%

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: 4
Building: 183 m²
Style: contemporary
Condition: good
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large sliding glass doorsmodern fireplacecolorful artworkorange and black nesting coffee tables

Score Breakdown

ROI
24.29
Visual Appeal
10
Ownership Security
13
Location
7.8
Land & Space
5.66
Rental Demand
4.67
Payback Speed
4
STR Suitability
3

Description

Located in the prestigious residential area of Horta das Figuras, in Faro, this 3-bedroom apartment presents itself as a unique residential opportunity for those looking for comfort, space and a privileged location. With a total area of 183m2, this property benefits from an East/West solar exposure, guaranteeing natur

Location

📍 37.0194°N, 7.9322°W

· Faro, Algarve, Portugal

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

T4 flat, Urbanização Hortas das Figuras, Horta das Figuras - Lejana - Senhora da Saúde, Faro

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

Grade B+ investment — short-term rental yields 9.2% 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
+12.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$94K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
9.2%
$4,145/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
10.9 yr
Rental only

Property details

Condition: good

Description

Located in the prestigious residential area of Horta das Figuras, in Faro, this 3-bedroom apartment presents itself as a unique residential opportunity for those looking for comfort, space and a privileged location. With a total area of 183m2, this property benefits from an East/West solar exposure, guaranteeing natur

Income Breakdown

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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
$49,736
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
-$950
Net income
9.2% ROI
$49,736

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$542,935
IMT (transfer tax, investment schedule)$30,207
Imposto de Selo (stamp duty)$4,343
Notary & registration$1,359
Legal / due diligence$8,145
Total acquisition costs$44,053
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$10,940
($5,967–$15,913)
Furnishing & STR launch
4bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$38,641
All-in investment$636,570

Gross yield (asking)

18.0%

True gross yield (all-in)

15.3%

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.

$4.4M$3.3M$2.2M$1.1M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $500K
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 10: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$608K
+22%
Rental Income
+$243K
Total Position
$851K
+70%
11.2%/yr
Year 10
Capital Value
$739K
+48%
Rental Income
+$525K
Total Position
$1.3M
+153%
9.7%/yr
Year 20
Capital Value
$1.1M
+119%
Rental Income
+$1.2M
Total Position
$2.3M
+365%
8.0%/yr
Year 30
Capital Value
$1.6M
+224%
Rental Income
+$2.2M
Total Position
$3.8M
+660%
7.0%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
9.2% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$526 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 9.2% — outperforms most villas in this market
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.
7.9%
$3,575/mo
40% occ.
10.6%
$4,793/mo
47% occ.
12.4%
$5,607/mo
current
57% occ.
15.1%
$6,825/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.