T2 flat in Algoz e Tunes, Silves
T2 flat in Algoz e Tunes, Silves — image 2
Grade B+apartmentmid-range

T2 flat in Algoz e Tunes, Silves

Silves · Central Algarve ·

€379,000

Asking Price (EUR)

4.3%

True Net Yield (Owner, all-in)

3.0%

True Net Yield (Managed, all-in)

6.6%

True Gross Yield

66%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.7 months ago and is currently at 14% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €28,456/yr
Average Daily Rate: €117
Payback Period: 15.4 years
5-yr Capital Value: €498,000
10-yr Capital Value: €605,894
Brixfox Score: 66.3 / 100
Comparable Properties: 11
Data Confidence: 59%
Search Radius: 6 km

True Investment Cost

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

€431,967

+14.0% over asking

Asking price€379,000
IMT — Property transfer tax (investment schedule)€18,150
IS — Stamp duty (0.8%)€3,032
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,685
Total acquisition costs€28,117
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)€431,967

Gross yield (asking price)

7.5%

True gross yield (all-in)

6.6%

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: 2
Bathrooms: 2
Building: 163 m²
Style: contemporary
Condition: new-build
Year Built: 2026
Energy Certificate: In process

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern grey facadelarge windows/balcony doors

Score Breakdown

ROI
17.76
Visual Appeal
10
Ownership Security
13
Location
7.2
Land & Space
5.26
Rental Demand
7.07
Payback Speed
3
STR Suitability
3

Description

2 bedroom apartments in the finishing phase, inserted in a new development in the Horta do Algoz Urbanization. With the completion of the works scheduled for the end of 2026, they offer the possibility of acquiring a completely new apartment and in accordance with the latest standards of construction, finishing and com

Location

📍 37.1666°N, 8.3016°W

· Silves, Algarve, Portugal

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Idealista.pt
Silves / Central Algarve

T2 flat in Algoz e Tunes, Silves

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

Grade B+ investment — short-term rental yields 5.4% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score66
GradeB+
Brixfox Intelligence
66B+Strong
Score Breakdown
ROI & Yield73%
Capital Growth69%
Risk Profile68%
Market Demand66%

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
+3.8%
+$71K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.4%
$1,864/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
18.4 yr
Rental only

Property details

Year built: 2026
Energy: In process
Condition: new-build

Description

2 bedroom apartments in the finishing phase, inserted in a new development in the Horta do Algoz Urbanization. With the completion of the works scheduled for the end of 2026, they offer the possibility of acquiring a completely new apartment and in accordance with the latest standards of construction, finishing and com

Income Breakdown

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Nightly Rate (ADR)
$172/night
50% ($79)Brixfox estimate($172/night)200% ($317)
Occupancy
71%
10%Brixfox estimate(71%)100%

Short-Term Rental

Yearly income
$22,367
Airbnb data$172/night · 71% occupancy
Rental income
$172/night · 71% occ.
$44,400
Running costs (20%)
Utilities, cleaning, maintenance
-$8,880
Income tax (10%)
Indonesian rental income tax
-$12,432
Property tax
Annual property tax
-$721
Net income
5.4% ROI
$22,367

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$411,957
IMT (transfer tax, investment schedule)$19,728
Imposto de Selo (stamp duty)$3,296
Notary & registration$1,359
Legal / due diligence$6,179
Total acquisition costs$30,562
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$469,529

Gross yield (asking)

10.8%

True gross yield (all-in)

9.5%

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 Silves.

$2.5M$1.9M$1.3M$635K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $379K
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 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
$461K
+22%
Rental Income
+$109K
Total Position
$570K
+50%
8.5%/yr
Year 10
Capital Value
$561K
+48%
Rental Income
+$236K
Total Position
$797K
+110%
7.7%/yr
Year 20
Capital Value
$830K
+119%
Rental Income
+$553K
Total Position
$1.4M
+265%
6.7%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$979K
Total Position
$2.2M
+483%
6.1%/yr

Location

Silves

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
Good
5.4% annual return
Occupancy
Good
71% average occupancy
Nightly Rate
Good
$158 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

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Compact plot at 0 m² — limited expansion potential

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

51% occ.
5.2%
$1,797/mo
61% occ.
6.3%
$2,164/mo
71% occ.
7.4%
$2,530/mo
current
81% occ.
8.4%
$2,896/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.