T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro
T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro — image 2T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro — image 3T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro — image 4T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro — image 5
Grade B+apartmentluxury

T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro

Faro · Eastern Algarve ·

€700,000

Asking Price (EUR)

4.4%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

6.8%

True Gross Yield

66%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.5 months ago and is currently at 12% 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: €55,216/yr
Average Daily Rate: €228
-1.0% vs area baselineImage quality 8/10 (+3%), No pool (-12%), Luxury finish (+8%)
Payback Period: 14.8 years
5-yr Capital Value: €919,790
10-yr Capital Value: €1.1M
Brixfox Score: 72.1 / 100
Comparable Properties: 7
Data Confidence: 68%
Search Radius: 3 km

True Investment Cost

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

€808,150

+15.4% over asking

Asking price€700,000
IMT — Property transfer tax (investment schedule)€42,000
IS — Stamp duty (0.8%)€5,600
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€10,500
Total acquisition costs€59,350
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€48,800
All-in investment (incl. renovation & furnishing)€808,150

Gross yield (asking price)

7.9%

True gross yield (all-in)

6.8%

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: 3
Building: 260 m²
Style: minimalist
Condition: new-build
Energy Certificate: A+

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

herringbone wood flooringintegrated kitchen appliancesmarble backsplash

Score Breakdown

ROI
18.15
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
6.93
Payback Speed
3
STR Suitability
3

Description

For sale T3 apartment with 3 bathrooms, penthouse in Montenegro.

Location

📍 37.0309°N, 7.9672°W

· Faro, Algarve, Portugal

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

T3 flat in Rua António Carrusca Rodrigues, 20, Centro, Montenegro

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

Grade B+ investment — short-term rental yields 5.6% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score72
GradeB+
Brixfox Intelligence
72B+Strong
Score Breakdown
ROI & Yield79%
Capital Growth76%
Risk Profile73%
Market Demand72%

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
+9.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$131K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.6%
$3,579/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
17.7 yr
Rental only

Property details

Energy: A+
Condition: new-build

Description

For sale T3 apartment with 3 bathrooms, penthouse in Montenegro.

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$337/night
50% ($155)Brixfox estimate($337/night)200% ($620)
Occupancy
69%
10%Brixfox estimate(69%)100%

Short-Term Rental

Yearly income
$42,947
Airbnb data$337/night · 69% occupancy
Rental income
$337/night · 69% occ.
$85,151
Running costs (20%)
Utilities, cleaning, maintenance
-$17,030
Income tax (10%)
Indonesian rental income tax
-$23,842
Property tax
Annual property tax
-$1,332
Net income
5.6% ROI
$42,947

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$760,870
IMT (transfer tax, investment schedule)$45,652
Imposto de Selo (stamp duty)$6,087
Notary & registration$1,359
Legal / due diligence$11,413
Total acquisition costs$64,511
RenovationMove-in ready
Furnishing & STR launch
3bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$53,043
All-in investment$878,424

Gross yield (asking)

11.2%

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.

$4.8M$3.6M$2.4M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $700K
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
$852K
+22%
Rental Income
+$210K
Total Position
$1.1M
+52%
8.7%/yr
Year 10
Capital Value
$1.0M
+48%
Rental Income
+$453K
Total Position
$1.5M
+113%
7.8%/yr
Year 20
Capital Value
$1.5M
+119%
Rental Income
+$1.1M
Total Position
$2.6M
+271%
6.8%/yr
Year 30
Capital Value
$2.3M
+224%
Rental Income
+$1.9M
Total Position
$4.2M
+493%
6.1%/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
5.6% annual return
Occupancy
Good
69% average occupancy
Nightly Rate
Strong
$310 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 $310 — 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

49% occ.
5.4%
$3,422/mo
59% occ.
6.5%
$4,139/mo
69% occ.
7.7%
$4,856/mo
current
79% occ.
8.8%
$5,573/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.