T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor
T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor — image 2T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor — image 3T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor — image 4T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor — image 5
Grade Bapartmentbudget

T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor

Portimão · Western Algarve ·

€196,000

Asking Price (EUR)

4.0%

True Net Yield (Owner, all-in)

2.8%

True Net Yield (Managed, all-in)

6.2%

True Gross Yield

48%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.8 months ago and is currently at 15% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €13,734/yr
Average Daily Rate: €78
Payback Period: 17.6 years
5-yr Capital Value: €257,541
10-yr Capital Value: €313,338
Brixfox Score: 57.5 / 100
Comparable Properties: 81
Data Confidence: 90%
Search Radius: 2 km

True Investment Cost

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

€222,615

+13.6% over asking

Asking price€196,000
IMT — Property transfer tax (investment schedule)€4,717
IS — Stamp duty (0.8%)€1,568
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€2,940
Total acquisition costs€10,475
Renovation (est. €55/m² × 48 m²)
Light touch-ups — paint, fixtures, deep clean.		€2,640
(€1,440–€3,840)
Furnishing & STR launch (1bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€13,500
All-in investment (incl. renovation & furnishing)€222,615

Gross yield (asking price)

7.0%

True gross yield (all-in)

6.2%

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: 1
Bathrooms: 1
Building: 48 m²
Style: minimalist
Condition: good
Year Built: 2019
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
16.5
Visual Appeal
6.8
Ownership Security
13
Location
8.4
Land & Space
2.96
Rental Demand
4.79
Payback Speed
2
STR Suitability
3

Description

Apartment in Portimão. Furnished and equipped. Ready to move in. From owner to owner. No interest from real estate agents.

Location

📍 37.1376°N, 8.5832°W

· Portimão, Algarve, Portugal

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

T1 flat in Rua da Alvorada, Nn, Ladeira de Nora - Vale da Zorra, Alvor

Inventory
1 Beds
Bathrooms
1 Baths
Built Area
48 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 4.7% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score58
GradeB
Brixfox Intelligence
58BStrong
Score Breakdown
ROI & Yield64%
Capital Growth61%
Risk Profile60%
Market Demand58%

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
+9.6%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$48K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.7%
$838/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
10 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
21.2 yr
Rental only

Property details

Year built: 2019
Energy: D
Condition: good

Description

Apartment in Portimão. Furnished and equipped. Ready to move in. From owner to owner. No interest from real estate agents.

Income Breakdown

Adjust Forecast

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Nightly Rate (ADR)
$115/night
50% ($53)Brixfox estimate($115/night)200% ($211)
Occupancy
48%
10%Brixfox estimate(48%)100%

Short-Term Rental

Yearly income
$10,058
Airbnb data$115/night · 48% occupancy
Rental income
$115/night · 48% occ.
$20,060
Running costs (20%)
Utilities, cleaning, maintenance
-$4,012
Income tax (10%)
Indonesian rental income tax
-$5,617
Property tax
Annual property tax
-$373
Net income
4.7% ROI
$10,058

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$213,043
IMT (transfer tax, investment schedule)$5,127
Imposto de Selo (stamp duty)$1,704
Notary & registration$1,359
Legal / due diligence$3,196
Total acquisition costs$11,386
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$2,870
($1,565–$4,174)
Furnishing & STR launch
1bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$14,674
All-in investment$241,973

Gross yield (asking)

9.4%

True gross yield (all-in)

8.3%

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.

$1.2M$928K$619K$309K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $196K
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 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
$238K
+22%
Rental Income
+$49K
Total Position
$288K
+47%
8.0%/yr
Year 10
Capital Value
$290K
+48%
Rental Income
+$106K
Total Position
$396K
+102%
7.3%/yr
Year 20
Capital Value
$429K
+119%
Rental Income
+$249K
Total Position
$678K
+246%
6.4%/yr
Year 30
Capital Value
$636K
+224%
Rental Income
+$440K
Total Position
$1.1M
+449%
5.8%/yr

Location

Portimão

Western 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
4.7% annual return
Occupancy
Average
48% average occupancy
Nightly Rate
Average
$105 per night
Visual Appeal
Weak
3/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.7% 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

30% occ.
4.0%
$701/mo
40% occ.
5.3%
$945/mo
48% occ.
6.4%
$1,139/mo
current
58% occ.
7.8%
$1,383/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.