T3 flat in Rua Dr. Olímpio Passos Valente, 6, Penha - Vale da Amoreira, Faro
Grade B+apartmentmid-range

T3 flat in Rua Dr. Olímpio Passos Valente, 6, Penha - Vale da Amoreira, Faro

Faro · Eastern Algarve ·

€449,500

Asking Price (EUR)

6.0%

True Net Yield (Owner, all-in)

4.1%

True Net Yield (Managed, all-in)

9.2%

True Gross Yield

59%

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 0.75, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €48,024/yr
Average Daily Rate: €222
Payback Period: 11.6 years
5-yr Capital Value: €590,636
10-yr Capital Value: €718,599
Brixfox Score: 69.6 / 100
Comparable Properties: 14
Data Confidence: 91%
Search Radius: 2 km

True Investment Cost

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

€522,724

+16.3% over asking

Asking price€449,500
IMT — Property transfer tax (investment schedule)€23,790
IS — Stamp duty (0.8%)€3,596
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,743
Total acquisition costs€35,379
Renovation (est. €55/m² × 139 m²)
Light touch-ups — paint, fixtures, deep clean.		€7,645
(€4,170–€11,120)
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)€522,724

Gross yield (asking price)

10.7%

True gross yield (all-in)

9.2%

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
Building: 139 m²
Style: contemporary
Condition: good
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

glass balcony railingmodern building facade

Score Breakdown

ROI
21.04
Visual Appeal
10
Ownership Security
13
Location
7.8
Land & Space
4.78
Rental Demand
5.94
Payback Speed
4
STR Suitability
3

Description

NOTE: NOT AVAILABLE TO REAL ESTATE AGENCIES OR AGENTS EXCLUSIVE 3 BEDROOM APARTMENT with parking and storage Fabulous apartment in excellent habitable condition and spectacularly preserved, combining ample spaces and comfort with a lot of brightness and unobstructed views of the city and sea. With a privileged locati

Location

📍 37.0194°N, 7.9322°W

· Faro, Algarve, Portugal

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

T3 flat in Rua Dr. Olímpio Passos Valente, 6, Penha - Vale da Amoreira, Faro

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

Grade B+ investment — short-term rental yields 7.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score70
GradeB+
Brixfox Intelligence
70B+Strong
Score Breakdown
ROI & Yield77%
Capital Growth74%
Risk Profile72%
Market Demand70%

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
+11.0%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$84K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.3%
$2,961/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
13.8 yr
Rental only

Property details

Condition: good

Description

NOTE: NOT AVAILABLE TO REAL ESTATE AGENCIES OR AGENTS EXCLUSIVE 3 BEDROOM APARTMENT with parking and storage Fabulous apartment in excellent habitable condition and spectacularly preserved, combining ample spaces and comfort with a lot of brightness and unobstructed views of the city and sea. With a privileged locati

Income Breakdown

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Nightly Rate (ADR)
$323/night
50% ($149)Brixfox estimate($323/night)200% ($594)
Occupancy
59%
10%Brixfox estimate(59%)100%

Short-Term Rental

Yearly income
$35,532
Airbnb data$323/night · 59% occupancy
Rental income
$323/night · 59% occ.
$69,975
Running costs (20%)
Utilities, cleaning, maintenance
-$13,995
Income tax (10%)
Indonesian rental income tax
-$19,593
Property tax
Annual property tax
-$855
Net income
7.3% ROI
$35,532

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$488,587
IMT (transfer tax, investment schedule)$25,859
Imposto de Selo (stamp duty)$3,909
Notary & registration$1,359
Legal / due diligence$7,329
Total acquisition costs$38,455
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$8,310
($4,533–$12,087)
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$568,178

Gross yield (asking)

14.3%

True gross yield (all-in)

12.3%

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.

$3.5M$2.6M$1.7M$866K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $450K
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
$547K
+22%
Rental Income
+$174K
Total Position
$720K
+60%
9.9%/yr
Year 10
Capital Value
$665K
+48%
Rental Income
+$375K
Total Position
$1.0M
+131%
8.8%/yr
Year 20
Capital Value
$985K
+119%
Rental Income
+$878K
Total Position
$1.9M
+315%
7.4%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$1.6M
Total Position
$3.0M
+570%
6.5%/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
7.3% annual return
Occupancy
Average
59% average occupancy
Nightly Rate
Strong
$297 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $297 — 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 59% — 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

39% occ.
6.5%
$2,635/mo
49% occ.
8.2%
$3,323/mo
59% occ.
9.9%
$4,011/mo
current
69% occ.
11.5%
$4,698/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.