For SaleDetached HouseRebuilding not permitted

Detached House in Asahi-ku, Yokohama-shi

Imajuku Higashicho, Asahi-ku, Yokohama-shi, Kanagawa
Asking Price
¥7,900,000
Gross Yield: 10.63%
Detached House in Asahi-ku, Yokohama-shi - 1/4
1 / 4

Executive Summary

This is a 2-story wooden detached house built in April 1987, located in Imajuku Higashicho, Asahi-ku, Yokohama-shi, Kanagawa. It is located a 29-minute walk from Tsurugamine Station on the Sagami Railway Main Line. The building area is 65 sqm with a 3LDK layout, equipped with electricity, public water supply, public sewerage, and propane gas. The land area is 99.17 sqm according to the public register under ownership rights, situated in a Category I Low-rise Residential Zone (building-to-land ratio: 50%, floor area ratio: 80%), and is a property not eligible for rebuilding facing a 1m wide road on the southeast side. It is currently tenanted and available for immediate handover. The tenant has subscribed to a guarantee company and is under a monthly contract for nearby parking. The transaction will be conducted as-is, with seller disclaimer of liability for non-conformity, sale based on the public register, and unclarified boundaries. Nearby amenities include a convenience store (290m, 4-minute walk), a post office (326m, 5-minute walk), a commercial facility (487m, 7-minute walk), a junior high school (496m, 7-minute walk), and an elementary school (502m, 7-minute walk).

Property Details

Building Area
65.0 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
Wood
Built Year
1987
Floors
2 Floors
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥840,000
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

Rebuilding
Rebuilding not permittedIf the building is demolished, a new building cannot be built.
Land area
99.2 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Category 1 low-rise residential zone
Building coverage / floor area ratio
50% / 80%
Road access
Southeast side 1 m wide

Costs besides the price

Parking
None

Utilities & nearby

Gas
Propane gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 502 m
To junior high school
about 496 m

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

Location & Map

Investment Analysis

Gross Yield10.63%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
10.63%
Est. Net Yield
9.04%

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¥8,020,000+¥710,000¥830,0009.7%2.2%
2yr¥8,140,000+¥1,430,000¥1,670,00019.5%6%
3yr¥8,260,000+¥2,140,000¥2,500,00029.3%7.3%
4yr¥8,380,000+¥2,860,000¥3,340,00039.1%7.9%
5yr¥8,510,000+¥3,570,000¥4,180,00048.9%8.3%
6yr¥8,640,000+¥4,280,000¥5,020,00058.8%8.5%
7yr¥8,770,000+¥5,000,000¥5,870,00068.6%8.6%
8yr¥8,900,000+¥5,710,000¥6,710,00078.5%8.7%
9yr¥9,030,000+¥6,430,000¥7,560,00088.5%8.8%
10yr¥9,170,000+¥7,140,000¥8,410,00098.4%8.8%

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.)
¥645,000
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)¥140,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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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Book a Private Viewing or Online Consultation

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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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