T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro
T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro — image 2T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro — image 3T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro — image 4T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro — image 5
Grade B+apartmentmid-range

T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro

Faro · Eastern Algarve ·

€695,000

Asking Price (EUR)

4.6%

True Net Yield (Owner, all-in)

3.2%

True Net Yield (Managed, all-in)

7.1%

True Gross Yield

63%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.4 months ago and is currently at 11% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.73, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €55,702/yr
Average Daily Rate: €242
+3.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%)
Payback Period: 15.2 years
5-yr Capital Value: €913,220
10-yr Capital Value: €1.1M
Brixfox Score: 71.2 / 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.

€784,135

+12.8% over asking

Asking price€695,000
IMT — Property transfer tax (investment schedule)€41,700
IS — Stamp duty (0.8%)€5,560
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€10,425
Total acquisition costs€58,935
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)€784,135

Gross yield (asking price)

8.0%

True gross yield (all-in)

7.1%

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: 218 m²
Style: modern
Condition: excellent
Year Built: 2021
Energy Certificate: A

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

floating staircase with glass railingtextured accent wallrecessed lighting

Score Breakdown

ROI
17.9
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
6.31
Payback Speed
3
STR Suitability
3

Description

Discover your dream home in the heart of Faro! This almost-new, spacious 3-bedroom property offers 218.19m² of modern living space, perfect for families or those seeking a luxurious retreat. Enjoy the convenience of a common pool, ideal for relaxation and social gatherings under the sun. Step inside to find a thoughtf

Location

📍 37.0308°N, 7.9655°W

· Faro, Algarve, Portugal

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

T3 flat in Rua António Carrusca Rodrigues, 6, Centro, Montenegro

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

Grade B+ investment — short-term rental yields 5.5% 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
+9.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$130K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.5%
$3,465/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
18.2 yr
Rental only

Property details

Year built: 2021
Energy: A
Condition: excellent

Description

Discover your dream home in the heart of Faro! This almost-new, spacious 3-bedroom property offers 218.19m² of modern living space, perfect for families or those seeking a luxurious retreat. Enjoy the convenience of a common pool, ideal for relaxation and social gatherings under the sun. Step inside to find a thoughtf

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$358/night
50% ($165)Brixfox estimate($358/night)200% ($659)
Occupancy
63%
10%Brixfox estimate(63%)100%

Short-Term Rental

Yearly income
$41,579
Airbnb data$358/night · 63% occupancy
Rental income
$358/night · 63% occ.
$82,502
Running costs (20%)
Utilities, cleaning, maintenance
-$16,500
Income tax (10%)
Indonesian rental income tax
-$23,101
Property tax
Annual property tax
-$1,322
Net income
5.5% ROI
$41,579

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$755,435
IMT (transfer tax, investment schedule)$45,326
Imposto de Selo (stamp duty)$6,043
Notary & registration$1,359
Legal / due diligence$11,332
Total acquisition costs$64,060
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$852,321

Gross yield (asking)

10.9%

True gross yield (all-in)

9.7%

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.

$4.7M$3.5M$2.3M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $695K
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
$846K
+22%
Rental Income
+$203K
Total Position
$1.0M
+51%
8.6%/yr
Year 10
Capital Value
$1.0M
+48%
Rental Income
+$439K
Total Position
$1.5M
+111%
7.8%/yr
Year 20
Capital Value
$1.5M
+119%
Rental Income
+$1.0M
Total Position
$2.6M
+267%
6.7%/yr
Year 30
Capital Value
$2.3M
+224%
Rental Income
+$1.8M
Total Position
$4.1M
+486%
6.1%/yr

Location

Faro

Eastern Algarve, Approximate area

Loading Map...

Airbnb Comp Analysis

No nearby Airbnb listings found

Ask Brixfox AI

Conversational analysis — questions about this listing, answered from real data.

Try one of these

Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.5% annual return
Occupancy
Good
63% average occupancy
Nightly Rate
Strong
$329 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 $329 — 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

43% occ.
5.0%
$3,178/mo
53% occ.
6.3%
$3,940/mo
63% occ.
7.5%
$4,702/mo
current
73% occ.
8.7%
$5,464/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.