Sales price is below 3M Yen
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?
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
Google map: https://goo.gl/maps/kygUeXyPYzLAF9WGA
Access: 11 mins walk to Ishioka station ( 石岡駅)
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
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)
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.
Please click the link below to see some photos of other rooms in the same building for your reference
(Building appearance and Room Layout)
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.
If you are interested in this property, please inquire me as soon as you can!!
(My Youtube videos)
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