1 / 12 photosEst. net 3.6%Listed 4 days agoEnergy D
T1 · Rua do Bonfim, Porto
55 m²Gross area
1 bedroomPlus living room
1 bathroomRenovated 2024
1st floorNo lift, early 1900s
One-bedroom in a restored early-1900s townhouse with an iron balcony. Bonfim is one of the most sought-after parishes in Porto for long lets, ten minutes on foot from the centre.
What it should earn
Long-term let · per year€8,203kept per year · net yield 3.6% (3.2–4.0%) · before income tax
You keep 68%Empty weeksOur managementRunning costs
Rent€1,000/mo, from 18 lets nearby (€900–€1,100)€12,000
Empty weeks1 month a year allowed−€1,000
Our management10% of rent collected−€1,200
Property tax (IMI)−€325
Condominium−€391
Insurance and repairs−€881
You keep€8,203
What you'll pay
Change the numbersPrice€226,000
Property transfer tax (IMT)Rate for a home you'll let~€6,426
Stamp duty0.8% of the price€1,808
Notary and land registry~€1,000
Properseas feeThe agency pays us, not you€0
Total cost€235,234
Buying as a non-residentYou'll need a tax number (NIF) and a Portuguese bank account first. We set up both, usually in 5 working days.
With a mortgage
Your return, with the equity you build and the value it gainsNon-residents usually need 30% or more. 100% means paying cash.
Our estimate is €900–€1,100.
Our assumption, not a forecast. Prices can fall as well as rise.
Total return on your cash, per year
4.5%over 10 years: cash flow, loan paid off and value growth
Cash you put in€111,852
Monthly repayment€993
Year 1
Rent keptAfter costs, before the mortgage€8,203
Mortgage paymentsOn a loan of €218,400−€11,916
Cash flowper month−€1,308
Equity builtLoan you pay off+€4,100
Value increase2.0% of the price+€6,240
Total return, year 18.1% of the cash you put in+€9,032
After 10 years
Before income tax, selling costs and capital gains tax. Rent and running costs are kept flat; only the value grows. Mortgage costs (stamp duty on the loan, valuation, bank fees) are included in the cash you put in.
Home worth€380,000
Loan left€170,000
Your equity€210,000
Total gainEquity plus all cash flow, minus the cash you put in+€85,000
Your money over time
Your equity and the loan, year by year, for the numbers above.- Your equity
- Loan left
- Cash you put in
See it year by year
| Year | Home worth | Loan left | Your equity | Cash flow so far | Total gain |
|---|
What we checked
- Land registry: no debts or charges on the property
- Habitation licence matches the floor plan
- Rent compared with 18 signed leases nearby
- Condominium: no unpaid fees, no major works voted
Building survey is booked after your offer is accepted, and your offer can be conditional on it.
Where it is
€226k
Metro · 5 min walkSão Bento · 15 minAirport · 25 min
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