High Yield Investment Property In Japan

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Sales price is below 3M Yen

Hi everyone.

Today’s listing is 2 different units in the same building.

One is 1.6M Yen and the other is 2.2M Yen!!

Why is the sales price so different even though both are same building?

(Answer) 

Because of difference of current rent.

1.6M Yen: rent is 23,000 yen

2.2M Yen: rent is 30,000 yen

In generally, how a sales price of investment property is decided that is calculated by how much rent is.

Please check the details below.

Name: Romanu Ishioka No2 (ロマーヌ石岡第2)

Price: 1,600,000 Yen on the 4F

          2,200,000 Yen on the 3F

Address: 茨城県石岡市貝地2-6-7

Google map: https://goo.gl/maps/kygUeXyPYzLAF9WGA

Access: 11 mins walk to Ishioka station  ( 石岡駅) 

Structure: Steel

Land Rights: Freehold

Number of total units: 30

No.of Floor: 4F

Unit Floor: 3F and 4F

 Unit Number: #310 and #409

Built Year: Jan 1991

Building Management/Maintenance Fee: 6,500 yen/month

Type of unit: 1R

Size: 16.53 sqm (center line of wall)

Balcony: Need to confirm

Facing: Southwest

Occupancy: Tenanted

Rent: #409: 23,000 yen/month 

          #310: 30,000 yen/month

Other: Space for washing machine in the room

※Other income: around 17,000 yen/year (owner will receive a car parking fee fro tenants once a year.)

(Detail of Lease contract)

#409 (rent: 23,000 yen)

Foreigner,

Lease contract has started since Sep 17th 2019 and it is 2 years renew.

#310 (rent: 30,000 yen)

Japanese male, age and occupation are unknown

Lease contract has started since June 1st 2019 and it is 2 years renew.

Rent guarantee company: Yes, it is included in the lease contract.

(Photos)

Please click the link below to see some photos of other rooms in the same building for your reference

https://www.noguti.com/line_c1/station_no6/stabkn_no6140/room52498553.html

(Building appearance and Room Layout)

#409

#310

(Map)

(Calculation table)

In the calculation table, you can see the rough total cost of purchasing a property and what kind of expense you need to pay for every month.

I mentioned about our property management in the calculation table. It is 5% of rent and included rent collection, basic tax handling, complaints handling.

#409

#310

If you are interested in this property, please inquire me as soon as you can!!

(My Youtube videos)

https://www.youtube.com/channel/UC8_ThMbtS3CswreSMKl_PRQ/about

Please click the link below to see our other listings.

I upload around 40 new listings a week so please check it!!

https://realestate.co.jp/en/real-estate-agent/details/2644

Thank you.

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