Japan Real Estate
No Longer ListedHotel

ALPS Myorenji

3-chome Shinoharahigashi, Kohoku-ku, Yokohama-shi, Kanagawa
Asking Price
¥430,000,000
Gross Yield: 4.26%

No Longer Listed

This property is no longer listed and is not currently available. The details remain here for reference.

ALPS Myorenji - 1/10
1 / 10

Executive Summary

This is a hotel located in Shinoharahigashi 3-chome, Kohoku Ward, Yokohama City, Kanagawa Prefecture. Situated near Myorenji Station on the Tokyu Toyoko Line, it offers train access to Yokohama Station, the Minato Mirai area, and Shibuya Station.

Property Details

Building Area
451.8 ㎡
Structure
Wood
Built Year
2022
Floors
3 Floors
Earthquake Std.
New Seismic Standard
Annual Income
¥18,320,000
Transport
  • Myorenji Station
    Tokyu Toyoko Line
    Walk 8 min
  • Kikuna Station
    Yokohama Line
    Walk 16 min
  • Shin-Yokohama Station
    Tokaido / Sanyo Shinkansen
    Walk 21 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Location & Map

Investment Analysis

Gross Yield4.26%

Based on the property's annual business income.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
4.26%
Est. Net Yield
3.15%

Management and repair fees for this property are not available, so expenses are assumed to be 15% of rent.

If sold after 10 years (before tax)
Annual return (IRR)
2.2%
Net gain
+¥98,930,000
Gain on total investment +21.4%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥430,000,000+¥14,570,000¥-32,170,000-7.0%-7.0%
2yr¥430,000,000+¥29,140,000¥-17,610,000-3.8%-2.0%
3yr¥430,000,000+¥43,700,000¥-3,040,000-0.7%-0.2%
4yr¥430,000,000+¥58,270,000+¥11,530,000+2.5%0.6%
5yr¥430,000,000+¥72,840,000+¥26,100,000+5.6%1.2%
6yr¥430,000,000+¥87,410,000+¥40,660,000+8.8%1.5%
7yr¥430,000,000+¥101,970,000+¥55,230,000+11.9%1.8%
8yr¥430,000,000+¥116,540,000+¥69,800,000+15.1%2.0%
9yr¥430,000,000+¥131,110,000+¥84,370,000+18.2%2.1%
10yr¥430,000,000+¥145,680,000+¥98,930,000+21.4%2.2%

Assumptions

  • Total investment ¥462,426,000 (price ¥430,000,000 + purchase costs ¥32,426,000)
  • Management fee and repair reserve: ¥2,748,600 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥32,426,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥14,256,000
Real Estate Acquisition Tax (est., rate varies by property type)¥10,320,000
Registration License Tax (title transfer)¥5,160,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥2,630,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

You can view the properties we currently offer in our listings. We are also glad to suggest similar opportunities.