For SaleCondominium

Million Court Koenji

Koenjiminami 2-chome, Suginami-ku, Tokyo
Asking Price
¥6,900,000
Est. Net Yield: 5.39%
Million Court Koenji - 1/1
1 / 1

Executive Summary

This 3rd-floor unit is in Million Court Koenji, a 4-story reinforced concrete (RC) condominium built in August 1988, located in Koenjiminami 2-chome, Suginami-ku, Tokyo. Transportation is an 8-minute walk from Higashi-Koenji Station on the Tokyo Metro Marunouchi Line and a 9-minute walk from Koenji Station on the Sobu/Chuo Local Line. The unit has a floor area of 16.1 m² and a balcony area of 2.4 m² with a 1R layout, facing southwest. The total number of units is 9, and the management is fully outsourced (unattended). Land rights are ownership, and the zoning is Category II Medium-and-High-Rise Residential Zone. The property is currently rented, and immediate handover is available. Nearby facilities include a convenience store 376 m away (5 minutes on foot) and a commercial facility 599 m away (8 minutes on foot).

Property Details

Building Area
16.1 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1988
Floors
Floor 3 of 4
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥720,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Immediately

Land & legal restrictions

Land rights
Freehold
Zoning
Category 2 mid/high-rise residential zone

Building management

Management type
Fully outsourced
Building manager
不在
Total units
9 units

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

Location & Map

Investment Analysis

Gross Yield10.43%
Est. Net Yield5.39%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
10.43%
Est. Net Yield
5.39%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥7,000,000+¥370,000¥480,0006.3%-1.7%
2yr¥7,110,000+¥740,000¥950,00012.7%2.3%
3yr¥7,220,000+¥1,120,000¥1,430,00019.1%3.7%
4yr¥7,320,000+¥1,490,000¥1,910,00025.5%4.4%
5yr¥7,430,000+¥1,860,000¥2,390,00031.9%4.8%
6yr¥7,540,000+¥2,230,000¥2,880,00038.3%5%
7yr¥7,660,000+¥2,600,000¥3,360,00044.8%5.2%
8yr¥7,770,000+¥2,980,000¥3,850,00051.3%5.3%
9yr¥7,890,000+¥3,350,000¥4,340,00057.8%5.4%
10yr¥8,010,000+¥3,720,000¥4,830,00064.3%5.5%

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.)
¥605,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥120,000
Registration License Tax (title transfer)¥60,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥90,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

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

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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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