For SaleCondominium

Diamond Life Morinosato Hills

Morinosato 5-chome, Atsugi-shi, Kanagawa
  • Pets negotiable
Asking Price
¥12,990,000
Diamond Life Morinosato Hills - 1/13
1 / 13

Executive Summary

This is a 4th-floor unit in Diamond Life Morinosato Hills, a 6-story reinforced concrete condominium for seniors built in February 2017, located in Morinosato 5-chome, Atsugi-shi, Kanagawa. Transportation access is a 23-minute bus ride and a 3-minute walk from the bus stop from Hon-Atsugi Station on the Odakyu Odawara Line. The floor area is 63.1 sqm, the balcony area is 9.5 sqm, and the layout is a south-facing 1SLDK. Main facilities include floor heating, a bathroom dryer, an IH cooking heater, and an auto-lock system, with interior renovation completed in June 2026, including wallpaper replacement across all rooms and water heater replacement. Land rights are ownership, and the zoning is Category I Medium-and-High-Rise Residential Zone. The property is currently vacant and available for immediate handover. A park is located 292 m (a 4-minute walk) away. Move-in requirements include being 50 years of age or older, able to take care of daily personal needs, and able to live communally, with an interview prior to contract, conclusion of a life service agreement, and appointment of a guarantor required.

Property Details

Building Area
63.1 ㎡
Layout
1SLDK
1 bedroom + storage room + living, dining & kitchen
Structure
RC
Built Year
2017
Floors
Floor 4 of 6
Earthquake Std.
New Seismic Standard
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Other costs
給湯器リース料: ¥1,620 per month
Other costs
厨房維持費: ¥3,000 per month
Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Live-in
Management company
国土管理株式会社
Owners' association
Yes
Total units
154 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.00%
Est. Net Yield
4.25%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

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¥13,180,000+¥550,000¥750,0005.4%-1.6%
2yr¥13,380,000+¥1,110,000¥1,500,00010.7%1.9%
3yr¥13,580,000+¥1,660,000¥2,250,00016.1%3.1%
4yr¥13,790,000+¥2,210,000¥3,010,00021.5%3.7%
5yr¥13,990,000+¥2,760,000¥3,770,00027%4%
6yr¥14,200,000+¥3,320,000¥4,530,00032.5%4.2%
7yr¥14,420,000+¥3,870,000¥5,290,00037.9%4.4%
8yr¥14,630,000+¥4,420,000¥6,060,00043.4%4.5%
9yr¥14,850,000+¥4,970,000¥6,840,00049%4.6%
10yr¥15,080,000+¥5,530,000¥7,610,00054.5%4.6%

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.)
¥964,670
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥494,670
Real Estate Acquisition Tax (est., rate varies by property type)¥230,000
Registration License Tax (title transfer)¥110,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥120,000

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

Book from open times

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.

Apply online

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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