T3 flat in Fojo, Portimão Cidade, Portimão
T3 flat in Fojo, Portimão Cidade, Portimão — image 2T3 flat in Fojo, Portimão Cidade, Portimão — image 3T3 flat in Fojo, Portimão Cidade, Portimão — image 4T3 flat in Fojo, Portimão Cidade, Portimão — image 5
Grade Aapartmentmid-range

T3 flat in Fojo, Portimão Cidade, Portimão

Portimão · Western Algarve ·

€455,000

Asking Price (EUR)

14.3%

True Net Yield (Owner, all-in)

9.9%

True Net Yield (Managed, all-in)

22.0%

True Gross Yield

66%

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: €114,697/yr
Average Daily Rate: €479
Payback Period: 5.0 years
5-yr Capital Value: €597,863
10-yr Capital Value: €727,392
Brixfox Score: 76.9 / 100
Comparable Properties: 11
Data Confidence: 75%
Search Radius: 2 km

True Investment Cost

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

€521,145

+14.5% over asking

Asking price€455,000
IMT — Property transfer tax (investment schedule)€24,230
IS — Stamp duty (0.8%)€3,640
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,825
Total acquisition costs€35,945
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)€521,145

Gross yield (asking price)

25.2%

True gross yield (all-in)

22.0%

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: 150 m²
Style: modern
Condition: new-build
Energy Certificate: A+
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

herringbone-pattern-flooringkitchen-island-with-hobintegrated-applianceslarge-sliding-glass-doorsoutdoor-barbecue-area

Score Breakdown

ROI
25
Visual Appeal
10
Ownership Security
13
Location
9.36
Land & Space
5
Rental Demand
6.56
Payback Speed
5
STR Suitability
3

Description

Balconies, Parking, Storage Room and Swimming Pool This modern 2 bedroom flat, located in Portimão, is perfect for those looking for comfort and quality of life in the Algarve. With large balconies and large windows, the flat offers stunning views of the Monchique mountains. Apartment Features: -Open concept living

Location

📍 37.1393°N, 8.5540°W

· Portimão, Algarve, Portugal

View on PRIMEHOUSE →Also on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T3 flat in Fojo, Portimão Cidade, Portimão

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

Grade A investment — short-term rental yields 17.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score77
GradeA
Brixfox Intelligence
77AExcellent
Score Breakdown
ROI & Yield85%
Capital Growth81%
Risk Profile78%
Market Demand77%

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
+22.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$112K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
17.3%
$7,112/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
5 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
5.8 yr
Rental only

Property details

Energy: A+
Condition: new-build

Description

Balconies, Parking, Storage Room and Swimming Pool This modern 2 bedroom flat, located in Portimão, is perfect for those looking for comfort and quality of life in the Algarve. With large balconies and large windows, the flat offers stunning views of the Monchique mountains. Apartment Features: -Open concept living

Income Breakdown

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Nightly Rate (ADR)
$693/night
50% ($319)Brixfox estimate($693/night)200% ($1275)
Occupancy
66%
10%Brixfox estimate(66%)100%

Short-Term Rental

Yearly income
$85,349
Airbnb data$693/night · 66% occupancy
Rental income
$693/night · 66% occ.
$165,797
Running costs (20%)
Utilities, cleaning, maintenance
-$33,159
Income tax (10%)
Indonesian rental income tax
-$46,423
Property tax
Annual property tax
-$865
Net income
17.3% ROI
$85,349

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$494,565
IMT (transfer tax, investment schedule)$26,337
Imposto de Selo (stamp duty)$3,957
Notary & registration$1,359
Legal / due diligence$7,418
Total acquisition costs$39,071
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$566,462

Gross yield (asking)

33.5%

True gross yield (all-in)

29.3%

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 Portimão.

$6.0M$4.5M$3.0M$1.5M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $455K
Capital appreciation
Property value growing at +4%/yr based on Portimão 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 6: rental income alone has repaid the full purchase price.
2x return
Year 5: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$554K
+22%
Rental Income
+$417K
Total Position
$970K
+113%
16.4%/yr
Year 10
Capital Value
$674K
+48%
Rental Income
+$900K
Total Position
$1.6M
+246%
13.2%/yr
Year 20
Capital Value
$997K
+119%
Rental Income
+$2.1M
Total Position
$3.1M
+583%
10.1%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$3.7M
Total Position
$5.2M
+1045%
8.5%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
17.3% annual return
Occupancy
Good
66% average occupancy
Nightly Rate
Strong
$637 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

High rental yield at 17.3% — outperforms most villas in this market
Premium nightly rate of $637 — 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

46% occ.
16.1%
$6,649/mo
56% occ.
19.7%
$8,124/mo
66% occ.
23.3%
$9,599/mo
current
76% occ.
26.9%
$11,075/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.