Interior
- Bathrooms
- 0
- Living area
- 1,415 sq ft
- Flooring
- Ceramic Tile, Hardwood, Marble, Wood
- Cooling
- Central Air, Ceiling Fans
- Heating
- Zoned
Active · Triplex
$1,590,000
16 Rua Encosta Dos Magos B
- Beds
- —
- Baths
- 0
- Living area
- 1,415 sq ft
- $ / sq ft
- $1,124/sq ft
- Year built
- 2023
- Lot size
- 3,200 sq ft
- HOA fee
- —
- Annual tax
- $517
About this property
Madeira's premier income-producing villa: legally ONE moradia (fração B) operated as 3 short-term suites — Crystal (€56,728/yr), Amber (€52,674/yr), Pearl (€56,497/yr) with rooftop outdoor kitchen + 360° ocean views. 2025 actuals: €165,899 / $194,102 gross at ~94% occupancy; €120,262 / $140,706 NOI = 7.07% cap rate at list. Modern 2023 build, Class B energy. Each suite: 1 BR / 1 BA, fully furnished, kitchenette, private terrace; reversible interior partitions. Total 3 BR / 3.5 BA / 1,415 sqft. Registered Alojamento Local RNAL #160289. Caniço, 8 km east of Funchal. ONE moradia, ONE AL license — three suites via reversible partitions. Operating statement in Documents (Private). International property; FIRPTA may apply.
Property location
Get Directions16 Rua Encosta Dos Magos B
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Facts & features
Exterior & Structure
- Property type
- Triplex
- Year built
- 2023
- Stories
- 3
- Lot size
- 3,200 sq ft
- Roof
- Concrete
- Construction
- Block, Stucco
- Exterior features
- Balcony, Patio
- Pool
- None
- View
- Ocean
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Pets allowed
- No
- Annual tax
- $517
- County
- Other
- Days on market
- 164
- MLS listing ID
- B26026997
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$2,280
- Cap rate
- 4.0%
- Net yield
- 4.0%
- Cash-on-cash return
- -6.1%
- Gross yield
- 5.2%
- Mortgage payment
- $7,537/mo
- Down payment
- $397,500
- Loan amount
- $1,192,500
- Annual NOI
- $63,089
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.