Japan Real Estate
No Longer ListedCondominium

Towa City Homes Rikugien

6-chome, Honkomagome, Bunkyo-ku, Tokyo
Asking Price
¥230,000,000
Est. Net Yield: 2.46%

No Longer Listed

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

Towa City Homes Rikugien - 1/1
1 / 1

Executive Summary

Towa City Homes Rikugien is a condominium located in Honkomagome 6-chome, Bunkyo Ward, Tokyo. It is situated close to Rikugien Gardens, with access to Komagome Station on the Tokyo Metro Namboku Line and JR Yamanote Line.

Property Details

Building Area
113.1 ㎡
Structure
RC
Built Year
1996
Floors
Floor 9 of 10
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥6,100,000
Transport
  • Komagome Station
    Tokyo Metro Namboku Line
    Walk 2 min
  • Komagome Station
    JR Yamanote Line
    Walk 4 min
  • Sengoku Station
    Toei Mita Line
    Walk 13 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Location & Map

Investment Analysis

Est. Gross Yield2.65%
Est. Net Yield2.46%

Calculated from an estimated rent. Actual rent may differ.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
2.65%
Est. Net Yield
2.02%
If sold after 10 years (before tax)
Annual return (IRR)
1.1%
Net gain
+¥26,580,000
Gain on total investment +10.8%
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¥230,000,000+¥4,970,000¥-18,110,000-7.4%-7.4%
2yr¥230,000,000+¥9,930,000¥-13,140,000-5.4%-2.7%
3yr¥230,000,000+¥14,900,000¥-8,170,000-3.3%-1.1%
4yr¥230,000,000+¥19,860,000¥-3,210,000-1.3%-0.3%
5yr¥230,000,000+¥24,830,000+¥1,760,000+0.7%0.1%
6yr¥230,000,000+¥29,790,000+¥6,720,000+2.7%0.5%
7yr¥230,000,000+¥34,760,000+¥11,690,000+4.8%0.7%
8yr¥230,000,000+¥39,730,000+¥16,650,000+6.8%0.9%
9yr¥230,000,000+¥44,690,000+¥21,620,000+8.8%1.0%
10yr¥230,000,000+¥49,660,000+¥26,580,000+10.8%1.1%

Assumptions

  • Total investment ¥245,356,000 (price ¥230,000,000 + purchase costs ¥15,356,000)
  • Management fee and repair reserve: ¥799,560 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.)
¥15,356,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥7,656,000
Real Estate Acquisition Tax (est., rate varies by property type)¥4,140,000
Registration License Tax (title transfer)¥2,070,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥1,430,000

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

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