Detached house in Monte Canelas, Mexilhoeira Grande
Detached house in Monte Canelas, Mexilhoeira Grande — image 2Detached house in Monte Canelas, Mexilhoeira Grande — image 3Detached house in Monte Canelas, Mexilhoeira Grande — image 4Detached house in Monte Canelas, Mexilhoeira Grande — image 5
Grade Avillamid-range

Detached house in Monte Canelas, Mexilhoeira Grande

Portimão · Western Algarve ·

€645,000

Asking Price (EUR)

10.1%

True Net Yield (Owner, all-in)

7.0%

True Net Yield (Managed, all-in)

15.6%

True Gross Yield

67%

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: €116,159/yr
Average Daily Rate: €477
Payback Period: 6.0 years
5-yr Capital Value: €847,520
10-yr Capital Value: €1.0M
Brixfox Score: 84.1 / 100
Comparable Properties: 4
Data Confidence: 62%
Search Radius: 3 km

True Investment Cost

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

€744,605

+15.4% over asking

Asking price€645,000
IMT — Property transfer tax (investment schedule)€38,700
IS — Stamp duty (0.8%)€5,160
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,675
Total acquisition costs€54,785
Renovation (est. €55/m² × 184 m²)
Light touch-ups — paint, fixtures, deep clean.		€10,120
(€5,520–€14,720)
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€34,700
All-in investment (incl. renovation & furnishing)€744,605

Gross yield (asking price)

18.0%

True gross yield (all-in)

15.6%

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: 3
Bathrooms: 2
Building: 184 m²
Land: 865 m²
Style: contemporary
Condition: good
Year Built: 2004
Energy Certificate: C
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

exterior staircase to rooftop/upper terracebright yellow accent walls

Score Breakdown

ROI
25
Visual Appeal
10
Ownership Security
13
Location
8.4
Land & Space
12
Rental Demand
7.74
Payback Speed
5
STR Suitability
3

Description

Contemporary architectural villa with an area of 185 m2, spread over a single floor, located on a plot of land measuring 865 m2, with swimming pool, garden and garage, whose construction dates back to 2004. Located in a prestigious housing development, Urb. Monte Canelas is 10 minutes from Portimão and the town of Alvo

Location

📍 37.2033°N, 8.5906°W

· Portimão, Algarve, Portugal

View on M Collection Real Estate Group →Also on Idealista.pt
Idealista.pt
Portimão / Western Algarve

Detached house in Monte Canelas, Mexilhoeira Grande

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

Grade A investment — short-term rental yields 14.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score84
GradeA
Brixfox Intelligence
84AExcellent
Score Breakdown
ROI & Yield92%
Capital Growth88%
Risk Profile85%
Market Demand84%

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
+19.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$159K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
14.3%
$8,338/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
7.0 yr
Rental only

Property details

Year built: 2004
Energy: C
Condition: good

Description

Contemporary architectural villa with an area of 185 m2, spread over a single floor, located on a plot of land measuring 865 m2, with swimming pool, garden and garage, whose construction dates back to 2004. Located in a prestigious housing development, Urb. Monte Canelas is 10 minutes from Portimão and the town of Alvo

Income Breakdown

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Nightly Rate (ADR)
$690/night
50% ($317)Brixfox estimate($690/night)200% ($1269)
Occupancy
77%
10%Brixfox estimate(77%)100%

Short-Term Rental

Yearly income
$100,061
Airbnb data$690/night · 77% occupancy
Rental income
$690/night · 77% occ.
$194,784
Running costs (20%)
Utilities, cleaning, maintenance
-$38,957
Income tax (10%)
Indonesian rental income tax
-$54,539
Property tax
Annual property tax
-$1,227
Net income
14.3% ROI
$100,061

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$701,087
IMT (transfer tax, investment schedule)$42,065
Imposto de Selo (stamp duty)$5,609
Notary & registration$1,359
Legal / due diligence$10,516
Total acquisition costs$59,549
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$11,000
($6,000–$16,000)
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$35,543
All-in investment$807,179

Gross yield (asking)

27.8%

True gross yield (all-in)

24.1%

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.

$7.4M$5.6M$3.7M$1.9M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $645K
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 7: rental income alone has repaid the full purchase price.
2x return
Year 6: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$785K
+22%
Rental Income
+$489K
Total Position
$1.3M
+97%
14.6%/yr
Year 10
Capital Value
$955K
+48%
Rental Income
+$1.1M
Total Position
$2.0M
+212%
12.0%/yr
Year 20
Capital Value
$1.4M
+119%
Rental Income
+$2.5M
Total Position
$3.9M
+503%
9.4%/yr
Year 30
Capital Value
$2.1M
+224%
Rental Income
+$4.4M
Total Position
$6.5M
+903%
8.0%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
14.3% annual return
Occupancy
Strong
77% average occupancy
Nightly Rate
Strong
$634 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Strong
865 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 14.3% — outperforms most villas in this market
Strong occupancy at 77% — consistent booking demand
Premium nightly rate of $634 — positioned in the top tier

Watch Out

Secondary location — rental demand may be lower than premium areas
STR zoning not confirmed — verify before purchasing for short-term rental use

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

57% occ.
14.2%
$8,323/mo
67% occ.
16.8%
$9,792/mo
77% occ.
19.3%
$11,260/mo
current
87% occ.
21.8%
$12,729/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.