T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves
T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves — image 2T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves — image 3T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves — image 4T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves — image 5
Grade B+apartmentmid-range

T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves

Silves · Central Algarve ·

€399,900

Asking Price (EUR)

5.5%

True Net Yield (Owner, all-in)

3.8%

True Net Yield (Managed, all-in)

8.4%

True Gross Yield

46%

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: €38,521/yr
Average Daily Rate: €228
+25.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%)
Payback Period: 12.8 years
5-yr Capital Value: €525,463
10-yr Capital Value: €639,306
Brixfox Score: 69 / 100
Comparable Properties: 67
Data Confidence: 93%
Search Radius: 2 km

True Investment Cost

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

€457,520

+14.4% over asking

Asking price€399,900
IMT — Property transfer tax (investment schedule)€19,822
IS — Stamp duty (0.8%)€3,199
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,999
Total acquisition costs€30,270
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€27,350
All-in investment (incl. renovation & furnishing)€457,520

Gross yield (asking price)

9.6%

True gross yield (all-in)

8.4%

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: 97 m²
Style: contemporary
Condition: new-build
Year Built: 2025
Energy Certificate: A
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

private balconies with glass railingsmodern building facade with color accentsresort-style pool area with lounge seating

Score Breakdown

ROI
19.81
Visual Appeal
13.2
Ownership Security
13
Location
8.4
Land & Space
3.94
Rental Demand
4.62
Payback Speed
3
STR Suitability
3

Description

We present this magnificent 2-bedroom apartment! This incredible apartment, with a highly modernized architecture and a concept designed to maximize the use of the Algarve's sun and fresh air, was conceived for those who value comfort, modernity, and a privileged location. First-floor apartment with elevator, featuri

Location

📍 37.1066°N, 8.3675°W

· Silves, Algarve, Portugal

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Silves / Central Algarve

T2 flat in Rua Carolina Sales, Nn, Armação de Pêra, Silves

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

Grade B+ investment — short-term rental yields 6.6% net return annually.

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The Investment

Brixfox Score69
GradeB+
Brixfox Intelligence
69B+Strong
Score Breakdown
ROI & Yield76%
Capital Growth72%
Risk Profile71%
Market Demand69%

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
+10.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$75K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
6.6%
$2,383/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
15.2 yr
Rental only

Property details

Year built: 2025
Energy: A
Condition: new-build

Description

We present this magnificent 2-bedroom apartment! This incredible apartment, with a highly modernized architecture and a concept designed to maximize the use of the Algarve's sun and fresh air, was conceived for those who value comfort, modernity, and a privileged location. First-floor apartment with elevator, featuri

Income Breakdown

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Nightly Rate (ADR)
$334/night
50% ($154)Brixfox estimate($334/night)200% ($615)
Occupancy
46%
10%Brixfox estimate(46%)100%

Short-Term Rental

Yearly income
$28,593
Airbnb data$334/night · 46% occupancy
Rental income
$334/night · 46% occ.
$56,450
Running costs (20%)
Utilities, cleaning, maintenance
-$11,290
Income tax (10%)
Indonesian rental income tax
-$15,806
Property tax
Annual property tax
-$761
Net income
6.6% ROI
$28,593

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$434,674
IMT (transfer tax, investment schedule)$21,546
Imposto de Selo (stamp duty)$3,477
Notary & registration$1,359
Legal / due diligence$6,521
Total acquisition costs$32,902
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$29,728
All-in investment$497,304

Gross yield (asking)

13.0%

True gross yield (all-in)

11.4%

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.

$2.9M$2.2M$1.5M$733K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $400K
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 13: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$487K
+22%
Rental Income
+$140K
Total Position
$626K
+57%
9.4%/yr
Year 10
Capital Value
$592K
+48%
Rental Income
+$302K
Total Position
$894K
+123%
8.4%/yr
Year 20
Capital Value
$876K
+119%
Rental Income
+$707K
Total Position
$1.6M
+296%
7.1%/yr
Year 30
Capital Value
$1.3M
+224%
Rental Income
+$1.3M
Total Position
$2.5M
+537%
6.4%/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
6.6% annual return
Occupancy
Average
46% average occupancy
Nightly Rate
Strong
$308 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $308 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 46% — 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.
5.7%
$2,073/mo
40% occ.
7.7%
$2,785/mo
46% occ.
8.9%
$3,229/mo
current
56% occ.
10.9%
$3,941/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.