T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro
T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro — image 2T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro — image 3T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro — image 4T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro — image 5
Grade Bapartmentmid-range

T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€365,000

Asking Price (EUR)

3.2%

True Net Yield (Owner, all-in)

2.2%

True Net Yield (Managed, all-in)

4.9%

True Gross Yield

25%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 months ago and is currently at 16% 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: €20,428/yr
Average Daily Rate: €224
Payback Period: 22.3 years
5-yr Capital Value: €479,605
10-yr Capital Value: €583,512
Brixfox Score: 59.9 / 100
Comparable Properties: 5
Data Confidence: 65%
Search Radius: 3 km

True Investment Cost

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

€416,525

+14.1% over asking

Asking price€365,000
IMT — Property transfer tax (investment schedule)€17,030
IS — Stamp duty (0.8%)€2,920
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,475
Total acquisition costs€26,675
Renovation€0 — move-in ready
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)€416,525

Gross yield (asking price)

5.6%

True gross yield (all-in)

4.9%

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: 1
Building: 97 m²
Style: modern
Condition: excellent
Year Built: 2020
Energy Certificate: B
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AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

minimalist white decorlarge sliding glass doorsintegrated air conditioning

Score Breakdown

ROI
14.7
Visual Appeal
11.2
Ownership Security
13
Location
10.56
Land & Space
3.94
Rental Demand
2.5
Payback Speed
1
STR Suitability
3

Description

New two bedroom apartment located in the city center, with easy access and close to all essential services, municipal semi-Olympic swimming pool, and others.   It is situated on the fourth floor of a building with an elevator, swimming pool and gym. This furnished property, equipped with heating system, radiant floor h

Location

📍 37.1325°N, 8.4542°W

· Lagoa/Carvoeiro, Algarve, Portugal

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Idealista.pt
Lagoa/Carvoeiro / Central Algarve

T2 flat in Rua Jacinto Correia, Cidade de Lagoa, Lagoa e Carvoeiro

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

Grade B investment — short-term rental yields 3.7% net return annually.

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The Investment

Brixfox Score60
GradeB
Brixfox Intelligence
60BStrong
Score Breakdown
ROI & Yield66%
Capital Growth63%
Risk Profile62%
Market Demand60%

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
+9.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$101K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.7%
$1,226/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
27.0 yr
Rental only

Property details

Year built: 2020
Energy: B
Condition: excellent

Description

New two bedroom apartment located in the city center, with easy access and close to all essential services, municipal semi-Olympic swimming pool, and others.   It is situated on the fourth floor of a building with an elevator, swimming pool and gym. This furnished property, equipped with heating system, radiant floor h

Income Breakdown

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Nightly Rate (ADR)
$325/night
50% ($149)Brixfox estimate($325/night)200% ($598)
Occupancy
25%
10%Brixfox estimate(25%)100%

Short-Term Rental

Yearly income
$14,713
Airbnb data$325/night · 25% occupancy
Rental income
$325/night · 25% occ.
$29,629
Running costs (20%)
Utilities, cleaning, maintenance
-$5,926
Income tax (10%)
Indonesian rental income tax
-$8,296
Property tax
Annual property tax
-$694
Net income
3.7% ROI
$14,713

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$396,739
IMT (transfer tax, investment schedule)$18,511
Imposto de Selo (stamp duty)$3,174
Notary & registration$1,359
Legal / due diligence$5,951
Total acquisition costs$28,995
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$452,745

Gross yield (asking)

7.5%

True gross yield (all-in)

6.5%

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 Lagoa/Carvoeiro.

$2.1M$1.6M$1.1M$525K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $365K
Capital appreciation
Property value growing at +4%/yr based on Lagoa/Carvoeiro 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 21: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$444K
+22%
Rental Income
+$72K
Total Position
$516K
+41%
7.2%/yr
Year 10
Capital Value
$540K
+48%
Rental Income
+$155K
Total Position
$695K
+91%
6.7%/yr
Year 20
Capital Value
$800K
+119%
Rental Income
+$364K
Total Position
$1.2M
+219%
6.0%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$644K
Total Position
$1.8M
+401%
5.5%/yr

Location

Lagoa/Carvoeiro

Central 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
3.7% annual return
Occupancy
Weak
25% average occupancy
Nightly Rate
Strong
$299 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

Premium nightly rate of $299 — 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 3.7% 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.
6.1%
$2,017/mo
40% occ.
8.2%
$2,709/mo
25% occ.
5.1%
$1,671/mo
current
35% occ.
7.1%
$2,362/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.