For SaleDetached HouseAkiyaLeasehold land

Kuwazu 5-chome, Higashisumiyoshi-ku Building with Leasehold

Kuwazu 5-chome, Higashisumiyoshi-ku, Osaka-shi, Osaka
Asking Price
¥4,000,000
Est. Gross Yield: 27.69%
Kuwazu 5-chome, Higashisumiyoshi-ku Building with Leasehold - 1/9
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Executive Summary

This is a 2-story wooden detached house built in January 1933, located in Kuwazu 5-chome, Higashisumiyoshi-ku, Osaka-shi, Osaka. Transit access includes an 8-minute walk from Tobu-shijomae Station on the Kansai Main Line, an 11-minute walk from Kitatanabe Station on the Kintetsu Minami-Osaka Line, and a 13-minute walk from Bishoen Station on the Hanwa Line. The building area is 71.2 sqm, and the layout is 3DK. The official land area is 63.4 sqm, and the land rights are old-law leasehold rights with a 20-year lease period. The property is located in an urbanization promotion area designated as a Category I Residential Zone, with a building-to-land ratio of 80% and a floor area ratio of 300%, and fronts an 8m-wide public road on the west side. The property is currently vacant, and handover timing is open for consultation. Regarding nearby facilities, it is situated 101m (a 2-minute walk) from commercial facilities, 371m (a 5-minute walk) from a convenience store, and 650m (a 9-minute walk) from restaurants.

Property Details

Building Area
71.2 ㎡
Layout
3DK
3 bedrooms + dining kitchen
Structure
Wood
Built Year
1933
Floors
2 Floors
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,110,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Land area
63.4 ㎡per land registry
Land rights
Land lease right (former Act)
Ground rent
¥20,731 per month
Lease term
20 yr
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Category 1 residential zone
Building coverage / floor area ratio
80% / 300%
Road access
West side Public road 8 m wide

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

Location & Map

Investment Analysis

Est. Gross Yield27.69%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
27.69%
Est. Net Yield
23.54%

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

Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥4,060,000+¥940,000¥1,000,00022.2%11.1%
2yr¥4,120,000+¥1,880,000¥2,000,00044.5%17%
3yr¥4,180,000+¥2,820,000¥3,010,00066.8%19%
4yr¥4,250,000+¥3,770,000¥4,010,00089.1%19.9%
5yr¥4,310,000+¥4,710,000¥5,020,000111.5%20.3%
6yr¥4,370,000+¥5,650,000¥6,020,000133.8%20.6%
7yr¥4,440,000+¥6,590,000¥7,030,000156.2%20.8%
8yr¥4,510,000+¥7,530,000¥8,040,000178.6%20.9%
9yr¥4,570,000+¥8,470,000¥9,050,000201%21%
10yr¥4,640,000+¥9,410,000¥10,060,000223.4%21%

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.)
¥501,000
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)¥70,000
Registration License Tax (title transfer)¥30,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥70,000

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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