T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António
T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António — image 2T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António — image 3T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António — image 4T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António — image 5
Grade Bapartmentmid-range

T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António

VRSA/Monte Gordo · Eastern Algarve ·

€275,000

Asking Price (EUR)

4.6%

True Net Yield (Owner, all-in)

2.9%

True Net Yield (Managed, all-in)

6.3%

True Gross Yield

26%

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: €20,745/yr
Average Daily Rate: €219
-10.0% vs area baselineImage quality 6/10 (-3%), Portuguese-traditional style (+5%), No pool (-12%)
Payback Period: 32.6 years
5-yr Capital Value: €318,800
10-yr Capital Value: €369,577
Brixfox Score: 55 / 100
Comparable Properties: 7
Data Confidence: 72%
Search Radius: 3 km

True Investment Cost

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

€331,327

+20.5% over asking

Asking price€275,000
IMT — Property transfer tax (investment schedule)€10,247
IS — Stamp duty (0.8%)€2,200
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,125
Total acquisition costs€17,822
Renovation (est. €55/m² × 151 m²)
Light touch-ups — paint, fixtures, deep clean.		€8,305
(€4,530–€12,080)
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)€331,327

Gross yield (asking price)

7.5%

True gross yield (all-in)

6.3%

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: 151 m²
Style: portuguese-traditional
Condition: good
Year Built: 1997
Energy Certificate: E

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

curved balconiesornate balcony railingsbay windows

Score Breakdown

ROI
11.75
Visual Appeal
8.2
Ownership Security
13
Location
8.4
Land & Space
5.02
Rental Demand
2.6
Payback Speed
2
STR Suitability
4

Description

3-Bedroom Apartment in Vila Real de Santo António – Space, Light, and a Prime Location We present this excellent 3-bedroom apartment, with 1 suite and 2 bathrooms, located in one of the most sought-after areas of Vila Real de Santo António, close to the center, supermarkets, cafes, and other services, offering conveni

Location

📍 37.1928°N, 7.4212°W

· VRSA/Monte Gordo, Algarve, Portugal

View on KW Flash Algarve - Sotavento →Also on Idealista.pt
T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António
Idealista.pt
Source verified

T3 flat in Rua Doutor Reinaldo Raúl Prazeres, 24, Vila Real de Santo António

VRSA/Monte Gordo · Eastern Algarve · Freehold · Ref BF-4685
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
151 m²
True net yield
3.1%
≈ $1,701/mo net after costs & tax
Brixfox Score 55 · B

Property details

Year built: 1997
Energy: E
Condition: good

Description

3-Bedroom Apartment in Vila Real de Santo António – Space, Light, and a Prime Location We present this excellent 3-bedroom apartment, with 1 suite and 2 bathrooms, located in one of the most sought-after areas of Vila Real de Santo António, close to the center, supermarkets, cafes, and other services, offering conveni

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.

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Nightly Rate (ADR)
$315/night
50% ($145)Brixfox estimate($315/night)200% ($579)
Occupancy
26%
10%Brixfox estimate(26%)100%

Short-Term Rental

Yearly income
$14,368
Airbnb data$315/night · 26% occupancy
Rental income
$315/night · 26% occ.
$27,632
Running costs (20%)
Utilities, cleaning, maintenance
-$5,526
Income tax (10%)
Indonesian rental income tax
-$7,737
Property tax
Annual property tax
-$0
Net income
4.8% ROI
$14,368

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

3.1%

on all-in cost of $338,603

Scenario
Pre-tax
After-tax
Owner-managed
6.0%
5.3%
Fully-managed
3.8%
3.1%
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

8.2%

Annual Revenue

$27,632

Income Tax / yr

$2,417

Payback

33 yrs

True All-In Cost
Asking price$298,913
IMT — transfer tax (non-resident 7.5%)$22,418
Stamp duty (0.8%)$2,391
Notary + registry$2,174
Legal$4,011
Furnishing + STR launch$8,696
All-in cost$338,603

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in VRSA/Monte Gordo.

$1.7M$1.3M$874K$437K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $275K
Capital appreciation
Property value growing at +4%/yr based on VRSA/Monte Gordo 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
$335K
+22%
Rental Income
+$70K
Total Position
$405K
+47%
8.0%/yr
Year 10
Capital Value
$407K
+48%
Rental Income
+$152K
Total Position
$559K
+103%
7.3%/yr
Year 20
Capital Value
$603K
+119%
Rental Income
+$355K
Total Position
$958K
+248%
6.4%/yr
Year 30
Capital Value
$892K
+224%
Rental Income
+$629K
Total Position
$1.5M
+453%
5.9%/yr

Location

VRSA/Monte Gordo

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
4.8% annual return
Occupancy
Weak
26% average occupancy
Nightly Rate
Strong
$289 per night
Visual Appeal
Average
4/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $289 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.8% 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.
8.1%
$2,009/mo
40% occ.
10.8%
$2,679/mo
26% occ.
7.0%
$1,741/mo
current
36% occ.
9.7%
$2,411/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
$298,913
3.1%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.