No Longer ListedWhole Low-rise Apartment Building
Eternity Tsurumi
1-chome, Kishiya, Tsurumi-ku, Yokohama-shi, Kanagawa
Asking Price
¥123,000,000
Gross Yield: 6.83%
No Longer Listed
This property is no longer listed and is not currently available. The details remain here for reference.
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Executive Summary
This is a whole apartment building built in 2016, located in 1-chome, Kishiya, Tsurumi-ku, Yokohama-shi, Kanagawa. The property is a 6-minute walk from Namamugi Station on the Keikyu Main Line. It comprises 12 units in total and is currently fully occupied. Based on the current rent roll, the gross yield is 6.82%. The building has been issued a certificate of inspection as well as a design housing performance evaluation report. Please contact us for further details.
Property Details
Building Area
165.1 ㎡
Structure
Wood
Built Year
2016
Floors
2 Floors
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥8,400,000
Transport
- Namamugi StationKeikyu Main LineWalk 6 min
- Keikyu Shin-koyasu StationKeikyu Main LineWalk 22 min
- Tsurumi StationTsurumi LineBus 10 min + 3 min walk
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344
Location & Map
Investment Analysis
Gross Yield6.83%
Based on the rent under the current lease.
ROI SIMULATION
ROI / IRR Investment Simulation
Gross Yield
6.83%
Est. Net Yield
6.05%
If sold after 10 years (before tax)
Annual return (IRR)
5.3%
Net gain
+¥66,920,000
Gain on total investment +51.0%
Est. Property ValueCumulative Net IncomeNet gain
If sold at the end of each year (before tax)
| Year | Est. Property Value | Cumulative Net Income | Net gain | Gain on total investment | Annual return (IRR) |
|---|---|---|---|---|---|
| 1yr | ¥123,000,000 | +¥7,940,000 | ¥-4,530,000 | -3.5% | -3.5% |
| 2yr | ¥123,000,000 | +¥15,880,000 | +¥3,410,000 | +2.6% | 1.3% |
| 3yr | ¥123,000,000 | +¥23,820,000 | +¥11,350,000 | +8.6% | 3.0% |
| 4yr | ¥123,000,000 | +¥31,760,000 | +¥19,290,000 | +14.7% | 3.8% |
| 5yr | ¥123,000,000 | +¥39,700,000 | +¥27,230,000 | +20.7% | 4.3% |
| 6yr | ¥123,000,000 | +¥47,630,000 | +¥35,160,000 | +26.8% | 4.6% |
| 7yr | ¥123,000,000 | +¥55,570,000 | +¥43,100,000 | +32.8% | 4.9% |
| 8yr | ¥123,000,000 | +¥63,510,000 | +¥51,040,000 | +38.9% | 5.1% |
| 9yr | ¥123,000,000 | +¥71,450,000 | +¥58,980,000 | +44.9% | 5.2% |
| 10yr | ¥123,000,000 | +¥79,390,000 | +¥66,920,000 | +51.0% | 5.3% |
Assumptions
- Total investment ¥131,285,000 (price ¥123,000,000 + purchase costs ¥8,285,000)
- No management fee or repair reserve (you own the whole building)
- 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.)
¥8,285,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥4,125,000
Real Estate Acquisition Tax (est., rate varies by property type)¥2,210,000
Registration License Tax (title transfer)¥1,100,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥790,000
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.