T3 flat in Centro, Faro
T3 flat in Centro, Faro — image 2T3 flat in Centro, Faro — image 3T3 flat in Centro, Faro — image 4T3 flat in Centro, Faro — image 5
Grade Bapartmentbudget

T3 flat in Centro, Faro

Faro · Eastern Algarve ·

€389,000

Asking Price (EUR)

2.9%

True Net Yield (Owner, all-in)

2.0%

True Net Yield (Managed, all-in)

4.5%

True Gross Yield

49%

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: €22,444/yr
Average Daily Rate: €125
-48.0% vs area baselineImage quality 4/10 (-9%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Payback Period: 21.3 years
5-yr Capital Value: €511,140
10-yr Capital Value: €621,880
Brixfox Score: 55.6 / 100
Comparable Properties: 23
Data Confidence: 97%
Search Radius: 2 km

True Investment Cost

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

€499,247

+28.3% over asking

Asking price€389,000
IMT — Property transfer tax (investment schedule)€18,950
IS — Stamp duty (0.8%)€3,112
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,835
Total acquisition costs€29,147
Renovation (est. €350/m² × 174 m²)
Cosmetic refresh — flooring, paint, bathroom & kitchen updates.		€60,900
(€43,500–€78,300)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€20,200
All-in investment (incl. renovation & furnishing)€499,247

Gross yield (asking price)

5.8%

True gross yield (all-in)

4.5%

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: 4
Building: 174 m²
Style: dated
Condition: fair
Year Built: 1983
Energy Certificate: C

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
15.02
Visual Appeal
5.4
Ownership Security
13
Location
7.8
Land & Space
5.48
Rental Demand
4.91
Payback Speed
1
STR Suitability
3

Description

Discover the charm of this T2+1 apartment, located in the city center of Faro. It has a generous area of? 174 m², and every detail has been designed to offer the highest level of comfort. Decorated in warm tones, with wooden coverings that bring a cozy feeling, this apartment invites you to moments of tranquility and

Location

📍 37.0172°N, 7.9261°W

· Faro, Algarve, Portugal

View on Sortami - Mediação Imobiliária, Lda. →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T3 flat in Centro, Faro

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

Grade B investment — short-term rental yields 3.9% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score56
GradeB
Brixfox Intelligence
56BStrong
Score Breakdown
ROI & Yield62%
Capital Growth59%
Risk Profile58%
Market Demand56%

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
+7.6%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$73K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.9%
$1,371/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
12 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
25.7 yr
Rental only

Property details

Year built: 1983
Energy: C
Condition: fair

Description

Discover the charm of this T2+1 apartment, located in the city center of Faro. It has a generous area of? 174 m², and every detail has been designed to offer the highest level of comfort. Decorated in warm tones, with wooden coverings that bring a cozy feeling, this apartment invites you to moments of tranquility and

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$184/night
50% ($85)Brixfox estimate($184/night)200% ($339)
Occupancy
49%
10%Brixfox estimate(49%)100%

Short-Term Rental

Yearly income
$16,448
Airbnb data$184/night · 49% occupancy
Rental income
$184/night · 49% occ.
$33,054
Running costs (20%)
Utilities, cleaning, maintenance
-$6,611
Income tax (10%)
Indonesian rental income tax
-$9,255
Property tax
Annual property tax
-$740
Net income
3.9% ROI
$16,448

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$422,826
IMT (transfer tax, investment schedule)$20,598
Imposto de Selo (stamp duty)$3,383
Notary & registration$1,359
Legal / due diligence$6,342
Total acquisition costs$31,682
Renovation (~$380/m²)
Cosmetic refresh — flooring, paint, bathroom & kitchen updates.		$66,196
($47,283–$85,109)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$542,660

Gross yield (asking)

7.8%

True gross yield (all-in)

6.1%

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.

$2.3M$1.7M$1.1M$570K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $389K
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 20: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$473K
+22%
Rental Income
+$80K
Total Position
$554K
+42%
7.3%/yr
Year 10
Capital Value
$576K
+48%
Rental Income
+$173K
Total Position
$749K
+93%
6.8%/yr
Year 20
Capital Value
$852K
+119%
Rental Income
+$407K
Total Position
$1.3M
+224%
6.0%/yr
Year 30
Capital Value
$1.3M
+224%
Rental Income
+$720K
Total Position
$2.0M
+409%
5.6%/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
Average
3.9% annual return
Occupancy
Average
49% average occupancy
Nightly Rate
Good
$170 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.9% is near the market average — model your cashflow carefully

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
3.2%
$1,116/mo
40% occ.
4.3%
$1,509/mo
49% occ.
5.3%
$1,867/mo
current
59% occ.
6.4%
$2,259/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.