Terraced house in Centro, Montenegro
Terraced house in Centro, Montenegro — image 2Terraced house in Centro, Montenegro — image 3Terraced house in Centro, Montenegro — image 4Terraced house in Centro, Montenegro — image 5
Grade B+villabudget

Terraced house in Centro, Montenegro

Faro · Eastern Algarve ·

€1.1M

Asking Price (EUR)

5.6%

True Net Yield (Owner, all-in)

3.9%

True Net Yield (Managed, all-in)

8.6%

True Gross Yield

62%

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: €125,044/yr
Average Daily Rate: €557
-32.0% vs area baselineImage quality 6/10 (-3%), Dated style (-15%), No pool (-12%), Has view (+10%), Budget finish (-12%)
Payback Period: 11.4 years
5-yr Capital Value: €1.5M
10-yr Capital Value: €1.8M
Brixfox Score: 70.9 / 100
Comparable Properties: 5
Data Confidence: 63%
Search Radius: 4 km

True Investment Cost

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

€1.5M

+26.6% over asking

Asking price€1.1M
IMT — Property transfer tax (investment schedule)€86,250
IS — Stamp duty (0.8%)€9,200
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€17,250
Total acquisition costs€113,950
Renovation (est. €350/m² × 475 m²)
Cosmetic refresh — flooring, paint, bathroom & kitchen updates.		€166,250
(€118,750–€213,750)
Furnishing & STR launch (4bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€25,550
All-in investment (incl. renovation & furnishing)€1.5M

Gross yield (asking price)

10.9%

True gross yield (all-in)

8.6%

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
Bathrooms: 4
Building: 475 m²
Land: 280 m²
Style: dated
Condition: fair
Year Built: 2025
Energy Certificate: A+
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
21.3
Visual Appeal
9.8
Ownership Security
13
Location
8.4
Land & Space
5.27
Rental Demand
6.16
Payback Speed
4
STR Suitability
3

Description

V4 with 2 parking spaces, basement, first floor, usable terrace area, ackyard and pool Set in the privileged surroundings of the Ria Formosa, this development marks a milestone in Faro's residential expansion, featuring the construction and sale of 33 townhouses within a completely new subdivision, located in one of t

Location

📍 37.0256°N, 7.9603°W

· Faro, Algarve, Portugal

View on Garvetur →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Terraced house in Centro, Montenegro

Inventory
4 Beds
Bathrooms
4 Baths
Built Area
475 m²
Land Plot
280 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 Score71
GradeB+
Brixfox Intelligence
71B+Strong
Score Breakdown
ROI & Yield78%
Capital Growth75%
Risk Profile72%
Market Demand71%

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
+11.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$216K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.4%
$7,725/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: 2025
Energy: A+
Condition: fair

Description

V4 with 2 parking spaces, basement, first floor, usable terrace area, ackyard and pool Set in the privileged surroundings of the Ria Formosa, this development marks a milestone in Faro's residential expansion, featuring the construction and sale of 33 townhouses within a completely new subdivision, located in one of t

Income Breakdown

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Nightly Rate (ADR)
$812/night
50% ($374)Brixfox estimate($812/night)200% ($1495)
Occupancy
62%
10%Brixfox estimate(62%)100%

Short-Term Rental

Yearly income
$92,705
Airbnb data$812/night · 62% occupancy
Rental income
$812/night · 62% occ.
$182,485
Running costs (20%)
Utilities, cleaning, maintenance
-$36,497
Income tax (10%)
Indonesian rental income tax
-$51,096
Property tax
Annual property tax
-$2,188
Net income
7.4% ROI
$92,705

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$1,250,000
IMT (transfer tax, investment schedule)$93,750
Imposto de Selo (stamp duty)$10,000
Notary & registration$1,359
Legal / due diligence$18,750
Total acquisition costs$123,859
Renovation (~$380/m²)
Cosmetic refresh — flooring, paint, bathroom & kitchen updates.		$180,707
($129,076–$232,337)
Furnishing & STR launch
4bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$25,598
All-in investment$1,580,163

Gross yield (asking)

14.6%

True gross yield (all-in)

11.5%

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.

$9.0M$6.7M$4.5M$2.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $1.1M
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
$1.4M
+22%
Rental Income
+$453K
Total Position
$1.9M
+61%
10.0%/yr
Year 10
Capital Value
$1.7M
+48%
Rental Income
+$978K
Total Position
$2.7M
+133%
8.8%/yr
Year 20
Capital Value
$2.5M
+119%
Rental Income
+$2.3M
Total Position
$4.8M
+318%
7.4%/yr
Year 30
Capital Value
$3.7M
+224%
Rental Income
+$4.1M
Total Position
$7.8M
+577%
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
62% average occupancy
Nightly Rate
Strong
$747 per night
Visual Appeal
Average
5/10 instagrammability
Size & Space
Average
280 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $747 — 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

42% occ.
6.7%
$7,003/mo
52% occ.
8.4%
$8,733/mo
62% occ.
10.0%
$10,462/mo
current
72% occ.
11.7%
$12,192/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.