For SaleCondominium

Better House Tenjinbashi

Nakamura-cho 5-chome, Minami-ku, Yokohama-shi, Kanagawa
Asking Price
¥16,800,000
Est. Net Yield: 4.87%
Better House Tenjinbashi - 1/14
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Executive Summary

This is a 2nd-floor unit in Better House Tenjinbashi, a 4-story reinforced concrete (RC) condominium built in April 1982, located in Nakamura-cho 5-chome, Minami-ku, Yokohama-shi, Kanagawa. Transit access includes a 16-minute walk from Yoshinocho Station on the Yokohama Municipal Subway Blue Line and a 22-minute walk from Maita Station on the same line. The floor area is 47.8 sqm with a 2LDK layout, featuring storage spaces including closets, and the management form is fully outsourced with a daytime superintendent. There is no vacant parking space available. Land rights are ownership, and the zoning is Quasi-Industrial Zone. The current status is vacant, and handover timing is negotiable. Nearby facilities include commercial facilities (362 m, 5-minute walk), a convenience store (569 m, 8-minute walk), and a bank (782 m, 10-minute walk). Additionally, this property supports IT-based explanation of important matters.

Property Details

Building Area
47.8 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1982
Floors
Floor 2 of 4
Earthquake Std.
To be confirmed
Est. Annual Rent
¥1,060,000
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

Site area (whole building)
476.7 ㎡
Land rights
Freehold
Zoning
Quasi-industrial zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
株式会社リプレイス
Owners' association
Yes

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

Location & Map

Investment Analysis

Est. Gross Yield6.29%
Est. Net Yield4.87%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
6.29%
Est. Net Yield
4.87%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥17,050,000+¥820,000¥1,070,0005.9%-0.9%
2yr¥17,310,000+¥1,630,000¥2,140,00011.9%2.6%
3yr¥17,570,000+¥2,450,000¥3,220,00017.9%3.7%
4yr¥17,830,000+¥3,270,000¥4,300,00023.9%4.3%
5yr¥18,100,000+¥4,090,000¥5,390,00029.9%4.6%
6yr¥18,370,000+¥4,900,000¥6,470,00035.9%4.8%
7yr¥18,650,000+¥5,720,000¥7,570,00042%5%
8yr¥18,930,000+¥6,540,000¥8,660,00048.1%5.1%
9yr¥19,210,000+¥7,360,000¥9,770,00054.2%5.1%
10yr¥19,500,000+¥8,170,000¥10,870,00060.3%5.2%

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.)
¥1,230,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥620,400
Real Estate Acquisition Tax (est., rate varies by property type)¥300,000
Registration License Tax (title transfer)¥150,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥150,000

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

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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.

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