T0 (studio) in Rua Manuel Martins Garrocho, Estádio, Olhão
Grade B+apartmentmid-range

T0 (studio) in Rua Manuel Martins Garrocho, Estádio, Olhão

Olhão · Eastern Algarve ·

€199,000

Asking Price (EUR)

8.9%

True Net Yield (Owner, all-in)

6.1%

True Net Yield (Managed, all-in)

13.6%

True Gross Yield

51%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 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: €31,210/yr
Average Daily Rate: €168
Payback Period: 8.2 years
5-yr Capital Value: €269,367
10-yr Capital Value: €327,726
Brixfox Score: 70.8 / 100
Comparable Properties: 48
Data Confidence: 98%
Search Radius: 2 km

True Investment Cost

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

€229,254

+15.2% over asking

Asking price€199,000
IMT — Property transfer tax (investment schedule)€4,927
IS — Stamp duty (0.8%)€1,592
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€2,985
Total acquisition costs€10,754
Renovation€0 — move-in ready
Furnishing & STR launch (0bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€19,500
All-in investment (incl. renovation & furnishing)€229,254

Gross yield (asking price)

15.7%

True gross yield (all-in)

13.6%

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.

Building: 45 m²
Style: contemporary
Condition: excellent

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

open-plan living and kitchen areamodern pendant lighting

Score Breakdown

ROI
25
Visual Appeal
10
Ownership Security
13
Location
7.8
Land & Space
2.9
Rental Demand
5.1
Payback Speed
4
STR Suitability
3

Description

Modern and Cozy Studio in Olhão – Fully Remodeled and Equipped Description: We present this fantastic studio apartment in Olhão, completely remodeled in 2026 with a modern style and high-quality finishes. Ideal for those looking for a ready-to-move-in retreat or a secure investment in the Algarve. Property Highlights:

Location

📍 37.0260°N, 7.8410°W

· Olhão, Algarve, Portugal

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Idealista.pt
Olhão / Eastern Algarve

T0 (studio) in Rua Manuel Martins Garrocho, Estádio, Olhão

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

Grade B+ investment — short-term rental yields 10.8% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score71
GradeB+
Brixfox Intelligence
71B+Strong
Score Breakdown
ROI & Yield78%
Capital Growth75%
Risk Profile72%
Market Demand71%

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
+14.5%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$37K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
10.8%
$1,938/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
7 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
9.3 yr
Rental only

Property details

Condition: excellent

Description

Modern and Cozy Studio in Olhão – Fully Remodeled and Equipped Description: We present this fantastic studio apartment in Olhão, completely remodeled in 2026 with a modern style and high-quality finishes. Ideal for those looking for a ready-to-move-in retreat or a secure investment in the Algarve. Property Highlights:

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$244/night
50% ($112)Brixfox estimate($244/night)200% ($449)
Occupancy
51%
10%Brixfox estimate(51%)100%

Short-Term Rental

Yearly income
$23,258
Airbnb data$244/night · 51% occupancy
Rental income
$244/night · 51% occ.
$45,454
Running costs (20%)
Utilities, cleaning, maintenance
-$9,091
Income tax (10%)
Indonesian rental income tax
-$12,727
Property tax
Annual property tax
-$379
Net income
10.8% ROI
$23,258

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$216,304
IMT (transfer tax, investment schedule)$5,355
Imposto de Selo (stamp duty)$1,730
Notary & registration$1,359
Legal / due diligence$3,245
Total acquisition costs$11,689
RenovationMove-in ready
Furnishing & STR launch
0bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$21,196
All-in investment$249,189

Gross yield (asking)

21.0%

True gross yield (all-in)

18.2%

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 Olhão.

$1.9M$1.4M$956K$478K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $199K
Capital appreciation
Property value growing at +4%/yr based on Olhão 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 9: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$242K
+22%
Rental Income
+$114K
Total Position
$356K
+79%
12.3%/yr
Year 10
Capital Value
$295K
+48%
Rental Income
+$245K
Total Position
$540K
+171%
10.5%/yr
Year 20
Capital Value
$436K
+119%
Rental Income
+$575K
Total Position
$1.0M
+408%
8.5%/yr
Year 30
Capital Value
$645K
+224%
Rental Income
+$1.0M
Total Position
$1.7M
+736%
7.3%/yr

Location

Olhão

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
Strong
10.8% annual return
Occupancy
Average
51% average occupancy
Nightly Rate
Strong
$225 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

High rental yield at 10.8% — outperforms most villas in this market
Premium nightly rate of $225 — 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 51% — 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

31% occ.
8.8%
$1,581/mo
41% occ.
11.7%
$2,100/mo
51% occ.
14.5%
$2,620/mo
current
61% occ.
17.4%
$3,140/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.