T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande
T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande — image 2T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande — image 3T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande — image 4T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande — image 5
Grade B+apartmentmid-range

T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande

Portimão · Western Algarve ·

€230,000

Asking Price (EUR)

18.7%

True Net Yield (Owner, all-in)

13.0%

True Net Yield (Managed, all-in)

28.8%

True Gross Yield

54%

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: €79,202/yr
Average Daily Rate: €401
Payback Period: 3.6 years
5-yr Capital Value: €302,217
10-yr Capital Value: €367,693
Brixfox Score: 74.2 / 100
Comparable Properties: 5
Data Confidence: 51%
Search Radius: 6 km

True Investment Cost

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

€275,032

+19.6% over asking

Asking price€230,000
IMT — Property transfer tax (investment schedule)€7,097
IS — Stamp duty (0.8%)€1,840
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,450
Total acquisition costs€13,637
Renovation (est. €55/m² × 119 m²)
Light touch-ups — paint, fixtures, deep clean.		€6,545
(€3,570–€9,520)
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)€275,032

Gross yield (asking price)

34.4%

True gross yield (all-in)

28.8%

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: 2
Bathrooms: 2
Building: 119 m²
Style: contemporary
Condition: good
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

balcony with scenic viewsopen-plan living and dining area

Score Breakdown

ROI
25
Visual Appeal
10
Ownership Security
13
Location
8.4
Land & Space
4.38
Rental Demand
5.41
Payback Speed
5
STR Suitability
3

Description

T2 apartment fully furnished with terrace and country view This two-bedroom apartment, sold fully furnished, offers a spacious open-plan living room with a dining area, two spacious bedrooms with built-in wardrobes, two bathrooms, and a fully equipped kitchen with hob, oven, extractor fan, microwave, fridge, water heat

Location

📍 37.2416°N, 8.6233°W

· Portimão, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T2 flat, Algarve Race Resort, Zona do Autódromo do Algarve, Mexilhoeira Grande

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

Grade B+ investment — short-term rental yields 23.6% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score74
GradeB+
Brixfox Intelligence
74B+Strong
Score Breakdown
ROI & Yield81%
Capital Growth78%
Risk Profile75%
Market Demand74%

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
+28.6%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$57K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
23.6%
$4,925/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
4 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
4.2 yr
Rental only

Property details

Energy: A
Condition: good

Description

T2 apartment fully furnished with terrace and country view This two-bedroom apartment, sold fully furnished, offers a spacious open-plan living room with a dining area, two spacious bedrooms with built-in wardrobes, two bathrooms, and a fully equipped kitchen with hob, oven, extractor fan, microwave, fridge, water heat

Income Breakdown

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Nightly Rate (ADR)
$580/night
50% ($267)Brixfox estimate($580/night)200% ($1067)
Occupancy
54%
10%Brixfox estimate(54%)100%

Short-Term Rental

Yearly income
$59,097
Airbnb data$580/night · 54% occupancy
Rental income
$580/night · 54% occ.
$114,489
Running costs (20%)
Utilities, cleaning, maintenance
-$22,898
Income tax (10%)
Indonesian rental income tax
-$32,057
Property tax
Annual property tax
-$438
Net income
23.6% ROI
$59,097

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$250,000
IMT (transfer tax, investment schedule)$7,714
Imposto de Selo (stamp duty)$2,000
Notary & registration$1,359
Legal / due diligence$3,750
Total acquisition costs$14,823
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$7,114
($3,880–$10,348)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$298,948

Gross yield (asking)

45.8%

True gross yield (all-in)

38.3%

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.

$3.8M$2.9M$1.9M$958K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $230K
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 5: rental income alone has repaid the full purchase price.
2x return
Year 4: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$280K
+22%
Rental Income
+$289K
Total Position
$568K
+147%
19.8%/yr
Year 10
Capital Value
$340K
+48%
Rental Income
+$623K
Total Position
$964K
+319%
15.4%/yr
Year 20
Capital Value
$504K
+119%
Rental Income
+$1.5M
Total Position
$2.0M
+754%
11.3%/yr
Year 30
Capital Value
$746K
+224%
Rental Income
+$2.6M
Total Position
$3.3M
+1349%
9.3%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
23.6% annual return
Occupancy
Average
54% average occupancy
Nightly Rate
Strong
$533 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 23.6% — outperforms most villas in this market
Premium nightly rate of $533 — 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 54% — 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

34% occ.
20.0%
$4,174/mo
44% occ.
26.0%
$5,408/mo
54% occ.
31.9%
$6,642/mo
current
64% occ.
37.8%
$7,876/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.