T1 flat in Rua João de Deus, Algoz e Tunes, Silves
T1 flat in Rua João de Deus, Algoz e Tunes, Silves — image 2T1 flat in Rua João de Deus, Algoz e Tunes, Silves — image 3T1 flat in Rua João de Deus, Algoz e Tunes, Silves — image 4T1 flat in Rua João de Deus, Algoz e Tunes, Silves — image 5
Grade C+apartmentmid-range

T1 flat in Rua João de Deus, Algoz e Tunes, Silves

Silves · Central Algarve ·

€325,000

Asking Price (EUR)

2.4%

True Net Yield (Owner, all-in)

1.6%

True Net Yield (Managed, all-in)

3.7%

True Gross Yield

37%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.2 months ago and is currently at 10% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.73, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €13,562/yr
Average Daily Rate: €100
Payback Period: 29.1 years
5-yr Capital Value: €427,045
10-yr Capital Value: €519,566
Brixfox Score: 51.2 / 100
Comparable Properties: 6
Data Confidence: 56%
Search Radius: 4 km

True Investment Cost

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

€371,345

+14.3% over asking

Asking price€325,000
IMT — Property transfer tax (investment schedule)€13,830
IS — Stamp duty (0.8%)€2,600
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,875
Total acquisition costs€22,555
Renovation (est. €55/m² × 78 m²)
Light touch-ups — paint, fixtures, deep clean.		€4,290
(€2,340–€6,240)
Furnishing & STR launch (1bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€19,500
All-in investment (incl. renovation & furnishing)€371,345

Gross yield (asking price)

4.2%

True gross yield (all-in)

3.7%

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: 78 m²
Style: contemporary
Condition: good
Year Built: 2009
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
11.88
Visual Appeal
8.8
Ownership Security
13
Location
7.2
Land & Space
3.56
Rental Demand
3.73
Payback Speed
0
STR Suitability
3

Description

We present this cozy 2-bedroom apartment, located in a quiet and well-kept building, in the center of Tunes, Silves municipality. An excellent opportunity for both home ownership and investment. The property consists of two spacious bedrooms, both with built-in wardrobes, a full bathroom, an equipped and functional kit

Location

📍 37.1675°N, 8.2580°W

· Silves, Algarve, Portugal

View on Novusmed - Mediação Imobiliária, Lda →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

T1 flat in Rua João de Deus, Algoz e Tunes, Silves

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

Grade C+ investment — short-term rental yields 2.8% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score51
GradeC+
Brixfox Intelligence
51C+Moderate
Score Breakdown
ROI & Yield56%
Capital Growth54%
Risk Profile53%
Market Demand51%

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
+6.5%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$61K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
2.8%
$823/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
13 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
35.8 yr
Rental only

Property details

Year built: 2009
Energy: D
Condition: good

Description

We present this cozy 2-bedroom apartment, located in a quiet and well-kept building, in the center of Tunes, Silves municipality. An excellent opportunity for both home ownership and investment. The property consists of two spacious bedrooms, both with built-in wardrobes, a full bathroom, an equipped and functional kit

Income Breakdown

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Nightly Rate (ADR)
$148/night
50% ($68)Brixfox estimate($148/night)200% ($273)
Occupancy
37%
10%Brixfox estimate(37%)100%

Short-Term Rental

Yearly income
$9,871
Airbnb data$148/night · 37% occupancy
Rental income
$148/night · 37% occ.
$20,172
Running costs (20%)
Utilities, cleaning, maintenance
-$4,034
Income tax (10%)
Indonesian rental income tax
-$5,648
Property tax
Annual property tax
-$618
Net income
2.8% ROI
$9,871

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$353,261
IMT (transfer tax, investment schedule)$15,033
Imposto de Selo (stamp duty)$2,826
Notary & registration$1,359
Legal / due diligence$5,299
Total acquisition costs$24,516
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$4,663
($2,543–$6,783)
Furnishing & STR launch
1bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$21,196
All-in investment$403,636

Gross yield (asking)

5.7%

True gross yield (all-in)

5.0%

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 Silves.

$1.7M$1.3M$855K$427K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $325K
Capital appreciation
Property value growing at +4%/yr based on Silves 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 25: rental income alone has repaid the full purchase price.
2x return
Year 13: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$395K
+22%
Rental Income
+$48K
Total Position
$444K
+37%
6.4%/yr
Year 10
Capital Value
$481K
+48%
Rental Income
+$104K
Total Position
$585K
+80%
6.1%/yr
Year 20
Capital Value
$712K
+119%
Rental Income
+$244K
Total Position
$956K
+194%
5.5%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$432K
Total Position
$1.5M
+357%
5.2%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Weak
2.8% annual return
Occupancy
Weak
37% average occupancy
Nightly Rate
Good
$136 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

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 2.8% is below 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.
3.0%
$895/mo
40% occ.
4.1%
$1,210/mo
37% occ.
3.8%
$1,125/mo
current
47% occ.
4.9%
$1,441/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.