T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro
T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro — image 2T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro — image 3T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro — image 4T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro — image 5
Grade Aapartmentmid-range

T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro

Faro · Eastern Algarve ·

€600,000

Asking Price (EUR)

6.3%

True Net Yield (Owner, all-in)

4.4%

True Net Yield (Managed, all-in)

9.8%

True Gross Yield

65%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 months ago and is currently at 17% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.75, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €66,447/yr
Average Daily Rate: €281
+13.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 11.3 years
5-yr Capital Value: €788,391
10-yr Capital Value: €959,198
Brixfox Score: 75.9 / 100
Comparable Properties: 24
Data Confidence: 79%
Search Radius: 4 km

True Investment Cost

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

€681,080

+13.5% over asking

Asking price€600,000
IMT — Property transfer tax (investment schedule)€35,830
IS — Stamp duty (0.8%)€4,800
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,000
Total acquisition costs€50,880
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)€681,080

Gross yield (asking price)

11.1%

True gross yield (all-in)

9.8%

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: 310 m²
Style: contemporary
Condition: new-build
Year Built: 2024
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

glass balcony railingwood-look floor tilesmodern exterior wall colors

Score Breakdown

ROI
21.43
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
6.49
Payback Speed
4
STR Suitability
3

Description

Apartment under construction and expected to be completed in 7 months. The apartment is equipped with air conditioning, solar panel installation, barbecue, floating floor, aluminum with thermal break, automatic shutters, high security entrance door, suspended sanitary ware. The kitchen has oven, hob, extractor fan and

Location

📍 37.0307°N, 7.9685°W

· Faro, Algarve, Portugal

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Idealista.pt
Faro / Eastern Algarve

T3 flat in Rua António Carrusca Rodrigues, Centro, Montenegro

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

Grade A investment — short-term rental yields 7.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score76
GradeA
Brixfox Intelligence
76AExcellent
Score Breakdown
ROI & Yield84%
Capital Growth80%
Risk Profile77%
Market Demand76%

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%
+$113K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.5%
$4,067/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
13.4 yr
Rental only

Property details

Year built: 2024
Energy: A
Condition: new-build

Description

Apartment under construction and expected to be completed in 7 months. The apartment is equipped with air conditioning, solar panel installation, barbecue, floating floor, aluminum with thermal break, automatic shutters, high security entrance door, suspended sanitary ware. The kitchen has oven, hob, extractor fan and

Income Breakdown

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Nightly Rate (ADR)
$405/night
50% ($186)Brixfox estimate($405/night)200% ($746)
Occupancy
65%
10%Brixfox estimate(65%)100%

Short-Term Rental

Yearly income
$48,798
Airbnb data$405/night · 65% occupancy
Rental income
$405/night · 65% occ.
$96,038
Running costs (20%)
Utilities, cleaning, maintenance
-$19,208
Income tax (10%)
Indonesian rental income tax
-$26,891
Property tax
Annual property tax
-$1,141
Net income
7.5% ROI
$48,798

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$652,174
IMT (transfer tax, investment schedule)$38,946
Imposto de Selo (stamp duty)$5,217
Notary & registration$1,359
Legal / due diligence$9,783
Total acquisition costs$55,304
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$740,304

Gross yield (asking)

14.7%

True gross yield (all-in)

13.0%

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: $600K
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
$730K
+22%
Rental Income
+$238K
Total Position
$968K
+61%
10.0%/yr
Year 10
Capital Value
$888K
+48%
Rental Income
+$515K
Total Position
$1.4M
+134%
8.9%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$1.2M
Total Position
$2.5M
+320%
7.4%/yr
Year 30
Capital Value
$1.9M
+224%
Rental Income
+$2.1M
Total Position
$4.1M
+580%
6.6%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.5% annual return
Occupancy
Good
65% average occupancy
Nightly Rate
Strong
$373 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 $373 — 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

45% occ.
7.0%
$3,781/mo
55% occ.
8.5%
$4,644/mo
65% occ.
10.1%
$5,507/mo
current
75% occ.
11.7%
$6,370/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.