T3 flat in Travessa Castilho, Centro, Faro
T3 flat in Travessa Castilho, Centro, Faro — image 2T3 flat in Travessa Castilho, Centro, Faro — image 3T3 flat in Travessa Castilho, Centro, Faro — image 4T3 flat in Travessa Castilho, Centro, Faro — image 5
Grade B+apartmentmid-range

T3 flat in Travessa Castilho, Centro, Faro

Faro · Eastern Algarve ·

€400,000

Asking Price (EUR)

7.9%

True Net Yield (Owner, all-in)

5.5%

True Net Yield (Managed, all-in)

9.6%

True Gross Yield

51%

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: €44,884/yr
Average Daily Rate: €241
-3.0% vs area baselineImage quality 6/10 (-3%), Modern/contemporary style (+12%), No pool (-12%)
Payback Period: 16.9 years
5-yr Capital Value: €463,710
10-yr Capital Value: €537,567
Brixfox Score: 68.5 / 100
Comparable Properties: 23
Data Confidence: 97%
Search Radius: 2 km

True Investment Cost

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

€466,145

+16.5% over asking

Asking price€400,000
IMT — Property transfer tax (investment schedule)€19,830
IS — Stamp duty (0.8%)€3,200
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,000
Total acquisition costs€30,280
Renovation (est. €55/m² × 103 m²)
Light touch-ups — paint, fixtures, deep clean.		€5,665
(€3,090–€8,240)
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)€466,145

Gross yield (asking price)

11.2%

True gross yield (all-in)

9.6%

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: 103 m²
Style: contemporary
Condition: good
Year Built: 1977
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large street-facing windowsbalconies

Score Breakdown

ROI
20.73
Visual Appeal
9.8
Ownership Security
13
Location
7.8
Land & Space
4.06
Rental Demand
5.11
Payback Speed
4
STR Suitability
4

Description

Condo/Apartment T3 for sale.

Location

📍 37.0135°N, 7.9329°W

· Faro, Algarve, Portugal

View on RE/MAX MERCADO →Also on Idealista.pt
T3 flat in Travessa Castilho, Centro, Faro
Idealista.pt
Source verified

T3 flat in Travessa Castilho, Centro, Faro

Faro · Eastern Algarve · Freehold · Ref BF-2752
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
103 m²
True net yield
5.9%
≈ $4,059/mo net after costs & tax
Brixfox Score 69 · B+

Property details

Year built: 1977
Energy: D
Condition: good

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)
$346/night
50% ($159)Brixfox estimate($346/night)200% ($637)
Occupancy
51%
10%Brixfox estimate(51%)100%

Short-Term Rental

Yearly income
$31,088
Airbnb data$346/night · 51% occupancy
Rental income
$346/night · 51% occ.
$59,785
Running costs (20%)
Utilities, cleaning, maintenance
-$11,957
Income tax (10%)
Indonesian rental income tax
-$16,740
Property tax
Annual property tax
-$0
Net income
7.2% ROI
$31,088

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

5.9%

on all-in cost of $487,087

Scenario
Pre-tax
After-tax
Owner-managed
10.0%
8.9%
Fully-managed
7.0%
5.9%
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

12.3%

Annual Revenue

$59,785

Income Tax / yr

$5,232

Payback

17 yrs

True All-In Cost
Asking price$434,783
IMT — transfer tax (non-resident 7.5%)$32,609
Stamp duty (0.8%)$3,478
Notary + registry$2,174
Legal$5,348
Furnishing + STR launch$8,696
All-in cost$487,087

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$3.1M$2.3M$1.5M$764K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $400K
Capital appreciation
Property value growing at +4%/yr based on Faro 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 12: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$487K
+22%
Rental Income
+$152K
Total Position
$639K
+60%
9.8%/yr
Year 10
Capital Value
$592K
+48%
Rental Income
+$328K
Total Position
$920K
+130%
8.7%/yr
Year 20
Capital Value
$876K
+119%
Rental Income
+$769K
Total Position
$1.6M
+311%
7.3%/yr
Year 30
Capital Value
$1.3M
+224%
Rental Income
+$1.4M
Total Position
$2.7M
+565%
6.5%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.2% annual return
Occupancy
Average
51% average occupancy
Nightly Rate
Strong
$319 per night
Visual Appeal
Average
5/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $319 — 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 51% — 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

31% occ.
6.3%
$2,291/mo
41% occ.
8.4%
$3,029/mo
51% occ.
10.4%
$3,766/mo
current
61% occ.
12.4%
$4,504/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
$434,783
5.9%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.