Penthouse in Estrada da Penha, 16, São Luís, Faro
Penthouse in Estrada da Penha, 16, São Luís, Faro — image 2Penthouse in Estrada da Penha, 16, São Luís, Faro — image 3Penthouse in Estrada da Penha, 16, São Luís, Faro — image 4Penthouse in Estrada da Penha, 16, São Luís, Faro — image 5
Grade Bapartmentmid-range

Penthouse in Estrada da Penha, 16, São Luís, Faro

Faro · Eastern Algarve ·

€470,000

Asking Price (EUR)

4.2%

True Net Yield (Owner, all-in)

2.9%

True Net Yield (Managed, all-in)

6.5%

True Gross Yield

55%

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: €34,774/yr
Average Daily Rate: €172
Payback Period: 16.9 years
5-yr Capital Value: €617,573
10-yr Capital Value: €751,372
Brixfox Score: 62.4 / 100
Comparable Properties: 65
Data Confidence: 95%
Search Radius: 2 km

True Investment Cost

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

€532,340

+13.3% over asking

Asking price€470,000
IMT — Property transfer tax (investment schedule)€25,430
IS — Stamp duty (0.8%)€3,760
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€7,050
Total acquisition costs€37,490
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€532,340

Gross yield (asking price)

7.4%

True gross yield (all-in)

6.5%

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: 2
Bathrooms: 2
Building: 108 m²
Style: modern
Condition: new-build
Year Built: 2025
Energy Certificate: A

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern facade with glass balconiesintegrated storage in entrywayopen-plan living area

Score Breakdown

ROI
16.9
Visual Appeal
10
Ownership Security
13
Location
7.8
Land & Space
4.16
Rental Demand
5.53
Payback Speed
2
STR Suitability
3

Description

Discover this magnificent, modern, and bright 2-bedroom apartment, located in one of the most central and sought-after areas of Faro. With contemporary finishes, clean lines, and a welcoming atmosphere, this property offers the perfect balance between comfort and style. The rooftop provides a unique space to relax or

Location

📍 37.0194°N, 7.9322°W

· Faro, Algarve, Portugal

View on KW Flash Algarve - Sotavento →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Penthouse in Estrada da Penha, 16, São Luís, Faro

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

Grade B investment — short-term rental yields 4.9% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score62
GradeB
Brixfox Intelligence
62BStrong
Score Breakdown
ROI & Yield68%
Capital Growth65%
Risk Profile64%
Market Demand62%

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
+8.7%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$88K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.9%
$2,105/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
11 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
20.2 yr
Rental only

Property details

Year built: 2025
Energy: A
Condition: new-build

Description

Discover this magnificent, modern, and bright 2-bedroom apartment, located in one of the most central and sought-after areas of Faro. With contemporary finishes, clean lines, and a welcoming atmosphere, this property offers the perfect balance between comfort and style. The rooftop provides a unique space to relax or

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$249/night
50% ($115)Brixfox estimate($249/night)200% ($458)
Occupancy
55%
10%Brixfox estimate(55%)100%

Short-Term Rental

Yearly income
$25,255
Airbnb data$249/night · 55% occupancy
Rental income
$249/night · 55% occ.
$50,286
Running costs (20%)
Utilities, cleaning, maintenance
-$10,057
Income tax (10%)
Indonesian rental income tax
-$14,080
Property tax
Annual property tax
-$894
Net income
4.9% ROI
$25,255

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$510,870
IMT (transfer tax, investment schedule)$27,641
Imposto de Selo (stamp duty)$4,087
Notary & registration$1,359
Legal / due diligence$7,663
Total acquisition costs$40,750
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$578,630

Gross yield (asking)

9.8%

True gross yield (all-in)

8.7%

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.

$3.0M$2.3M$1.5M$756K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $470K
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 17: 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
$572K
+22%
Rental Income
+$123K
Total Position
$695K
+48%
8.1%/yr
Year 10
Capital Value
$696K
+48%
Rental Income
+$266K
Total Position
$962K
+105%
7.4%/yr
Year 20
Capital Value
$1.0M
+119%
Rental Income
+$624K
Total Position
$1.7M
+252%
6.5%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$1.1M
Total Position
$2.6M
+460%
5.9%/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
Average
4.9% annual return
Occupancy
Average
55% average occupancy
Nightly Rate
Strong
$229 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 $229 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.9% is near the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

35% occ.
4.2%
$1,798/mo
45% occ.
5.5%
$2,328/mo
55% occ.
6.7%
$2,859/mo
current
65% occ.
8.0%
$3,389/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.