T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor
T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor — image 2T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor — image 3T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor — image 4T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor — image 5
Grade Aapartmentluxury

T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor

Portimão · Western Algarve ·

€365,000

Asking Price (EUR)

10.5%

True Net Yield (Owner, all-in)

7.5%

True Net Yield (Managed, all-in)

12.6%

True Gross Yield

43%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.2 months ago and is currently at 19% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.76, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €54,456/yr
Average Daily Rate: €345
+21.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%), Luxury finish (+8%)
Payback Period: 12.1 years
5-yr Capital Value: €423,135
10-yr Capital Value: €490,529
Brixfox Score: 76.9 / 100
Comparable Properties: 21
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.

€431,625

+18.3% over asking

Asking price€365,000
IMT — Property transfer tax (investment schedule)€17,030
IS — Stamp duty (0.8%)€2,920
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,475
Total acquisition costs€26,675
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€39,950
All-in investment (incl. renovation & furnishing)€431,625

Gross yield (asking price)

14.9%

True gross yield (all-in)

12.6%

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.

Bedrooms: 2
Bathrooms: 2
Building: 141 m²
Land: 117.75 m²
Style: contemporary
Condition: excellent
Energy Certificate: B-
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large open-air patio with skylightmodern outdoor furnitureexpansive sliding glass doors

Score Breakdown

ROI
25
Visual Appeal
14.2
Ownership Security
13
Location
8.4
Land & Space
3
Rental Demand
4.32
Payback Speed
5
STR Suitability
4

Description

Imagine owning a property in a 4-star tourist development in one of the most sought-after areas of the Algarve — and with a unique feature that rarely appears on the market. This is exactly what you'll find in this T2 apartment in Alvor. With 135.70 m² of usable area, two bathrooms, and a pleasant balcony, this apartm

Location

📍 37.1338°N, 8.5867°W

· Portimão, Algarve, Portugal

View on Hugo Miguel Ferreira Belo →Also on Idealista.pt
T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor
Idealista.pt
Source verified

T2 flat in Rua da Dourada, 2, Dourada - Má Partilha, Alvor

Portimão · Western Algarve · Freehold · Ref BF-4644
Ownership
Freehold
Bedrooms
2
Bathrooms
2
Built area
141 m²
Land
117.75 m²
True net yield
8.3%
≈ $5,049/mo net after costs & tax
Brixfox Score 77 · A

Property details

Energy: B-
Condition: excellent

Description

Imagine owning a property in a 4-star tourist development in one of the most sought-after areas of the Algarve — and with a unique feature that rarely appears on the market. This is exactly what you'll find in this T2 apartment in Alvor. With 135.70 m² of usable area, two bathrooms, and a pleasant balcony, this apartm

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$497/night
50% ($228)Brixfox estimate($497/night)200% ($914)
Occupancy
43%
10%Brixfox estimate(43%)100%

Short-Term Rental

Yearly income
$37,720
Airbnb data$497/night · 43% occupancy
Rental income
$497/night · 43% occ.
$72,538
Running costs (20%)
Utilities, cleaning, maintenance
-$14,508
Income tax (10%)
Indonesian rental income tax
-$20,311
Property tax
Annual property tax
-$0
Net income
9.5% ROI
$37,720

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

Airbnb Comp Analysis

No nearby Airbnb listings found

Investment Returns

After-tax net yield · all-in cost basis

Approx. location

Net Yield · Fully-Managed · After Tax

8.3%

on all-in cost of $445,418

Scenario
Pre-tax
After-tax
Owner-managed
13.6%
12.2%
Fully-managed
9.7%
8.3%
After-tax nets ~28% non-resident IRS on AL income (simplified regime). Yields are on the all-in acquisition cost, not the asking price.

Gross Yield

16.3%

Annual Revenue

$72,538

Income Tax / yr

$6,347

Payback

12 yrs

True All-In Cost
Asking price$396,739
IMT — transfer tax (non-resident 7.5%)$29,755
Stamp duty (0.8%)$3,174
Notary + registry$2,174
Legal$4,880
Furnishing + STR launch$8,696
All-in cost$445,418

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Portimão.

$3.3M$2.4M$1.6M$815K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $365K
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 10: 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
$444K
+22%
Rental Income
+$184K
Total Position
$628K
+72%
11.5%/yr
Year 10
Capital Value
$540K
+48%
Rental Income
+$398K
Total Position
$938K
+157%
9.9%/yr
Year 20
Capital Value
$800K
+119%
Rental Income
+$932K
Total Position
$1.7M
+375%
8.1%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$1.7M
Total Position
$2.8M
+677%
7.1%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
9.5% annual return
Occupancy
Weak
43% average occupancy
Nightly Rate
Strong
$457 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
118 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 9.5% — outperforms most villas in this market
Premium nightly rate of $457 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 43% — 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

30% occ.
9.6%
$3,173/mo
40% occ.
12.8%
$4,230/mo
43% occ.
13.8%
$4,570/mo
current
53% occ.
17.0%
$5,627/mo

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Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Portugal may impact actual yields.

Asking price · Freehold
$396,739
8.3%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.