1 / 9 photosEst. net 3.3%Listed 10 days agoEnergy C
T2 · Rua da Barroca, Lagos
72 m²Gross area
2 bedroomsPlus living room
1 bathroomRenovated 2020
1st floorNo lift, 1980s
First-floor two-bedroom a short walk from the old town and the marina, with a bathroom renovated in 2020. Priced here for a long-term tenant on a lease of a year or more.
What it should earn
Long-term let · per year€9,303kept per year · net yield 3.3% (2.9–3.7%) · before income tax
You keep 67%Empty weeksOur managementRunning costs
Rent€1,150/mo, from 14 lets nearby (€1,050–€1,250)€13,800
Empty weeks1 month a year allowed−€1,150
Our management10% of rent collected−€1,380
Property tax (IMI)−€410
Condominium−€493
Insurance and repairs−€1,064
You keep€9,303
What you'll pay
Change the numbersPrice€285,000
Property transfer tax (IMT)Rate for a home you'll let~€10,556
Stamp duty0.8% of the price€2,280
Notary and land registry~€1,000
Properseas feeThe agency pays us, not you€0
Total cost€298,836
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 €1,050–€1,250.
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€9,303
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 14 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
€285k
Marina · 8 min walkBeach · 15 minFaro airport · 1 h
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