Penthouse in Centro, Montenegro
Penthouse in Centro, Montenegro — image 2Penthouse in Centro, Montenegro — image 3Penthouse in Centro, Montenegro — image 4Penthouse in Centro, Montenegro — image 5
Grade B+apartmentmid-range

Penthouse in Centro, Montenegro

Faro · Eastern Algarve ·

€600,000

Asking Price (EUR)

5.6%

True Net Yield (Owner, all-in)

3.9%

True Net Yield (Managed, all-in)

8.6%

True Gross Yield

60%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 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: €58,888/yr
Average Daily Rate: €270
+10.0% vs area baselineModern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 12.7 years
5-yr Capital Value: €788,391
10-yr Capital Value: €959,198
Brixfox Score: 67.1 / 100
Comparable Properties: 16
Data Confidence: 78%
Search Radius: 3 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)

9.8%

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: 3
Bathrooms: 2
Building: 310 m²
Land: 128 m²
Style: modern
Condition: excellent
Energy Certificate: A+
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large window with blindsrecessed lighting

Score Breakdown

ROI
19.89
Visual Appeal
11.2
Ownership Security
13
Location
8.4
Land & Space
2.6
Rental Demand
5.97
Payback Speed
3
STR Suitability
3

Description

Apartment with 3 bedrooms, located on a 3rd floor, with private roof top 138m2, Modern architecture, lots of light, consisting of a large living room with large sliding doors to the terrace, 3 bedrooms, one of the bedrooms en suite., 2 bathrooms, fully equipped kitchen with washing machine, crockery, oven hob, microwav

Location

📍 37.0282°N, 7.9620°W

· Faro, Algarve, Portugal

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

Penthouse in Centro, Montenegro

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

Grade B+ investment — short-term rental yields 6.6% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score67
GradeB+
Brixfox Intelligence
67B+Strong
Score Breakdown
ROI & Yield74%
Capital Growth70%
Risk Profile69%
Market Demand67%

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
+10.4%
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
6.6%
$3,598/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
15.1 yr
Rental only

Property details

Energy: A+
Condition: excellent

Description

Apartment with 3 bedrooms, located on a 3rd floor, with private roof top 138m2, Modern architecture, lots of light, consisting of a large living room with large sliding doors to the terrace, 3 bedrooms, one of the bedrooms en suite., 2 bathrooms, fully equipped kitchen with washing machine, crockery, oven hob, microwav

Income Breakdown

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Nightly Rate (ADR)
$391/night
50% ($180)Brixfox estimate($391/night)200% ($720)
Occupancy
60%
10%Brixfox estimate(60%)100%

Short-Term Rental

Yearly income
$43,174
Airbnb data$391/night · 60% occupancy
Rental income
$391/night · 60% occ.
$85,222
Running costs (20%)
Utilities, cleaning, maintenance
-$17,044
Income tax (10%)
Indonesian rental income tax
-$23,862
Property tax
Annual property tax
-$1,141
Net income
6.6% ROI
$43,174

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)

13.1%

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.

$4.4M$3.3M$2.2M$1.1M$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 13: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$730K
+22%
Rental Income
+$211K
Total Position
$941K
+57%
9.4%/yr
Year 10
Capital Value
$888K
+48%
Rental Income
+$455K
Total Position
$1.3M
+124%
8.4%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$1.1M
Total Position
$2.4M
+297%
7.1%/yr
Year 30
Capital Value
$1.9M
+224%
Rental Income
+$1.9M
Total Position
$3.8M
+539%
6.4%/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
6.6% annual return
Occupancy
Average
60% average occupancy
Nightly Rate
Strong
$360 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
128 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $360 — 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 60% — 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

40% occ.
5.9%
$3,211/mo
50% occ.
7.4%
$4,043/mo
60% occ.
9.0%
$4,876/mo
current
70% occ.
10.5%
$5,709/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.