For SaleCondominium

Towa Okurayama Coop II

Okurayama 6-chome, Kohoku-ku, Yokohama-shi, Kanagawa
Asking Price
¥35,000,000
Est. Net Yield: 3.99%
Towa Okurayama Coop II - 1/10
1 / 10

Executive Summary

This property is Towa Okurayama Coop II, a 5-story reinforced concrete condominium built in May 1980, located in Okurayama 6-chome, Kohoku-ku, Yokohama-shi, Kanagawa. It is located a 19-minute walk from Okurayama Station on the Tokyu Toyoko Line, a 14-minute walk from Nippa Station on the Yokohama Municipal Subway Blue Line, and a 24-minute walk from Kita-shin-yokohama Station. Located on the 1st floor, it has a floor area of 77.4 sqm, a south-facing 3LDK layout, and comes with a private garden, with bicycle parking available as a common facility. Land rights are ownership, and the zoning is Quasi-residential Zone. The property is currently tenanted under a corporate contract, and handover timing is open to consultation. Nearby facilities include a park (160m, 2-minute walk), a post office (513m, 7-minute walk), a convenience store (585m, 8-minute walk), commercial facilities (850m, 11-minute walk), and a high school (948m, 12-minute walk). Please note that increases in the management fee and repair reserve fund are planned according to an agenda item at the recent management association general meeting.

Property Details

Building Area
77.4 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1980
Floors
Floor 1 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,660,000
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

Site area (whole building)
737.2 ㎡
Land rights
Freehold
Zoning
Quasi-residential zone

Costs besides the price

Other costs
専用庭占有使用料: ¥3,422 per month

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
横浜コミュニティ株式会社
Total units
21 units

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

Location & Map

Investment Analysis

Gross Yield4.73%
Est. Net Yield3.99%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
4.73%
Est. Net Yield
3.99%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥35,520,000+¥1,400,000¥1,920,0005.1%-1.4%
2yr¥36,060,000+¥2,790,000¥3,850,00010.3%1.9%
3yr¥36,600,000+¥4,190,000¥5,780,00015.4%3%
4yr¥37,150,000+¥5,580,000¥7,730,00020.6%3.5%
5yr¥37,700,000+¥6,980,000¥9,680,00025.9%3.9%
6yr¥38,270,000+¥8,370,000¥11,640,00031.1%4.1%
7yr¥38,840,000+¥9,770,000¥13,610,00036.4%4.2%
8yr¥39,430,000+¥11,160,000¥15,590,00041.6%4.3%
9yr¥40,020,000+¥12,560,000¥17,570,00046.9%4.4%
10yr¥40,620,000+¥13,950,000¥19,570,00052.3%4.4%

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.)
¥2,441,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,221,000
Real Estate Acquisition Tax (est., rate varies by property type)¥630,000
Registration License Tax (title transfer)¥310,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥270,000

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

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