For SaleCondominium

Maison de Panache

Futaba 1-chome, Shinagawa-ku, Tokyo
Asking Price
¥9,900,000
Est. Net Yield: 6.53%
Maison de Panache - 1/1
1 / 1

Executive Summary

This is Maison de Panache, a 5-story reinforced concrete (RC) condominium built in November 1984, located in Futaba 1-chome, Shinagawa-ku, Tokyo. Transit access includes a 5-minute walk from Shimoshinmei Station on the Tokyu Oimachi Line, a 6-minute walk from Oimachi Station on the Tokyu Oimachi Line, and a 7-minute walk from Oimachi Station on the Tokyo Waterfront Area Rapid Transit. The unit is situated on the 4th floor with a 1R layout, featuring a floor area of 11.3 sqm and a balcony area of 1 sqm, facing southwest. The building is equipped with an auto-lock system and security cameras, while unit facilities include an air conditioner and a washing machine space. The total number of units is 88, and the management form is fully outsourced (patrol). Land rights are ownership, and the zoning is Category I Residential Zone. The property is currently tenanted, and the handover timing is open for discussion.

Property Details

Building Area
11.3 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1984
Floors
Floor 4 of 5
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥760,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Category 1 residential zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
マイムコミュニティ
Owners' association
Yes
Total units
88 units

Utilities & nearby

Gas
City gas

Please confirm the details in the explanation of important matters before purchase.

Location & Map

Investment Analysis

Est. Gross Yield7.72%
Est. Net Yield6.53%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
7.72%
Est. Net Yield
6.53%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥10,050,000+¥650,000¥790,0007.5%0.3%
2yr¥10,200,000+¥1,290,000¥1,590,00014.9%4%
3yr¥10,350,000+¥1,940,000¥2,390,00022.4%5.2%
4yr¥10,510,000+¥2,590,000¥3,190,00030%5.7%
5yr¥10,670,000+¥3,230,000¥4,000,00037.5%6.1%
6yr¥10,830,000+¥3,880,000¥4,800,00045.1%6.3%
7yr¥10,990,000+¥4,520,000¥5,610,00052.7%6.4%
8yr¥11,150,000+¥5,170,000¥6,420,00060.3%6.5%
9yr¥11,320,000+¥5,820,000¥7,240,00067.9%6.6%
10yr¥11,490,000+¥6,460,000¥8,050,00075.6%6.6%

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.)
¥757,700
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥392,700
Real Estate Acquisition Tax (est., rate varies by property type)¥170,000
Registration License Tax (title transfer)¥80,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥110,000

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

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Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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