For SaleCondominium

Kuzuhadai Danchi Building 1

Higashitawara, Hadano-shi, Kanagawa
Asking Price
¥3,900,000
Est. Net Yield: 13.51%
Kuzuhadai Danchi Building 1 - 1/10
1 / 10

Executive Summary

This is a 3rd-floor unit in Kuzuhadai Danchi Building 1, a 5-story reinforced concrete (RC) condominium built in March 1977, located in Higashitawara, Hadano-shi, Kanagawa. Transportation access is a 10-minute bus ride and a 5-minute walk from Hadano Station on the Odakyu Odawara Line. Featuring a 2LDK layout, it has a floor area of 56.8 sqm and a balcony area of 8.88 sqm, facing south with lighting from two sides. The unit is equipped with city gas, an indoor washing machine space, and storage space, and the property grounds include parking, bicycle parking, and motorcycle parking. The land rights are ownership, and the zoning is Category I Medium-and-High-Rise Residential Zone. The property is currently tenanted, and handover is open for consultation. Nearby facilities include a convenience store 483 m (a 7-minute walk) away and a commercial facility 518 m (a 7-minute walk) away.

Property Details

Building Area
56.8 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1977
Floors
Floor 3 of 5
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥740,000
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

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

Costs besides the price

Parking
Yes

Building management

Management type
Partly outsourced
Building manager
Daytime
Management company
日本総合住生活(株)
Total units
300 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield18.96%
Est. Net Yield13.51%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
18.96%
Est. Net Yield
13.51%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥3,960,000+¥530,000¥590,00013.3%1.9%
2yr¥4,020,000+¥1,050,000¥1,170,00026.6%7.8%
3yr¥4,080,000+¥1,580,000¥1,760,00040%9.8%
4yr¥4,140,000+¥2,110,000¥2,350,00053.3%10.7%
5yr¥4,200,000+¥2,630,000¥2,940,00066.7%11.2%
6yr¥4,260,000+¥3,160,000¥3,530,00080.1%11.6%
7yr¥4,330,000+¥3,690,000¥4,120,00093.5%11.8%
8yr¥4,390,000+¥4,220,000¥4,710,000107%12%
9yr¥4,460,000+¥4,740,000¥5,300,000120.5%12.1%
10yr¥4,530,000+¥5,270,000¥5,900,000133.9%12.1%

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.

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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