T2 flat in Rua Jose Estevao, Nn, Centro, Faro
T2 flat in Rua Jose Estevao, Nn, Centro, Faro — image 2T2 flat in Rua Jose Estevao, Nn, Centro, Faro — image 3T2 flat in Rua Jose Estevao, Nn, Centro, Faro — image 4T2 flat in Rua Jose Estevao, Nn, Centro, Faro — image 5
Grade Bapartmentmid-range

T2 flat in Rua Jose Estevao, Nn, Centro, Faro

Faro · Eastern Algarve ·

€352,000

Asking Price (EUR)

5.8%

True Net Yield (Owner, all-in)

3.9%

True Net Yield (Managed, all-in)

7.5%

True Gross Yield

50%

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: €30,066/yr
Average Daily Rate: €165
-12.0% vs area baselineNo pool (-12%)
Payback Period: 24.9 years
5-yr Capital Value: €408,064
10-yr Capital Value: €473,059
Brixfox Score: 60.9 / 100
Comparable Properties: 76
Data Confidence: 98%
Search Radius: 2 km

True Investment Cost

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

€402,186

+14.3% over asking

Asking price€352,000
IMT — Property transfer tax (investment schedule)€15,990
IS — Stamp duty (0.8%)€2,816
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,280
Total acquisition costs€25,336
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)€402,186

Gross yield (asking price)

8.5%

True gross yield (all-in)

7.5%

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: 72 m²
Style: minimalist
Condition: new-build
Year Built: 1988
Energy Certificate: Not indicated

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
15.06
Visual Appeal
9.6
Ownership Security
13
Location
7.8
Land & Space
3.44
Rental Demand
4.99
Payback Speed
3
STR Suitability
4

Description

This T2 apartment, completely renovated from scratch, is located in one of the most central and sought-after areas of Faro, in the old town, next to the Church of S. Pedro, 200 meters from the Leisure Marina, with excellent accessibility, proximity to services, commerce, schools, and main roads. The local community is

Location

📍 37.0178°N, 7.9341°W

· Faro, Algarve, Portugal

View on Feijó 2% imobiliária →Also on Idealista.pt
T2 flat in Rua Jose Estevao, Nn, Centro, Faro
Idealista.pt
Source verified

T2 flat in Rua Jose Estevao, Nn, Centro, Faro

Faro · Eastern Algarve · Freehold · Ref BF-5998
Ownership
Freehold
Bedrooms
2
Bathrooms
1
Built area
72 m²
True net yield
4.0%
≈ $2,593/mo net after costs & tax
Brixfox Score 61 · B

Property details

Year built: 1988
Energy: Not indicated
Condition: new-build

Description

This T2 apartment, completely renovated from scratch, is located in one of the most central and sought-after areas of Faro, in the old town, next to the Church of S. Pedro, 200 meters from the Leisure Marina, with excellent accessibility, proximity to services, commerce, schools, and main roads. The local community is

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)
$237/night
50% ($109)Brixfox estimate($237/night)200% ($437)
Occupancy
50%
10%Brixfox estimate(50%)100%

Short-Term Rental

Yearly income
$20,823
Airbnb data$237/night · 50% occupancy
Rental income
$237/night · 50% occ.
$40,045
Running costs (20%)
Utilities, cleaning, maintenance
-$8,009
Income tax (10%)
Indonesian rental income tax
-$11,212
Property tax
Annual property tax
-$0
Net income
5.4% ROI
$20,823

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

4.0%

on all-in cost of $429,941

Scenario
Pre-tax
After-tax
Owner-managed
7.2%
6.4%
Fully-managed
4.8%
4.0%
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

9.3%

Annual Revenue

$40,045

Income Tax / yr

$3,504

Payback

25 yrs

True All-In Cost
Asking price$382,609
IMT — transfer tax (non-resident 7.5%)$28,696
Stamp duty (0.8%)$3,061
Notary + registry$2,174
Legal$4,707
Furnishing + STR launch$8,696
All-in cost$429,941

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$2.4M$1.8M$1.2M$590K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $352K
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 15: 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
$428K
+22%
Rental Income
+$102K
Total Position
$530K
+51%
8.5%/yr
Year 10
Capital Value
$521K
+48%
Rental Income
+$220K
Total Position
$741K
+110%
7.7%/yr
Year 20
Capital Value
$771K
+119%
Rental Income
+$515K
Total Position
$1.3M
+265%
6.7%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$911K
Total Position
$2.1M
+483%
6.1%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.4% annual return
Occupancy
Average
50% average occupancy
Nightly Rate
Strong
$218 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 $218 — 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 50% — 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

30% occ.
4.8%
$1,516/mo
40% occ.
6.3%
$2,021/mo
50% occ.
7.9%
$2,523/mo
current
60% occ.
9.5%
$3,028/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
$382,609
4.0%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.