For SaleCondominium

Aelia Odawara Hamacho

Hamacho 1-chome, Odawara-shi, Kanagawa
  • Corner unit
  • Pets negotiable
Asking Price
¥39,800,000
Est. Net Yield: 2.34%
Aelia Odawara Hamacho - 1/15
1 / 15

Executive Summary

This 5th-floor unit is located in Aelia Odawara Hamacho, a 7-story reinforced concrete (RC) condominium built in June 1999, situated in Hamacho 1-chome, Odawara-shi, Kanagawa. It is located a 9-minute walk from Odawara Station on the Tokaido Main Line. The unit features a floor area of 74.7 m², a balcony area of 9.66 m², and a 4LDK layout, situated as a south-facing southeast corner unit with natural lighting from three sides and no building directly in front. Facilities include an auto-lock system with monitor, elevator, delivery box, counter kitchen, auto bath, bidet toilet seat, and city gas. The land rights are ownership, and the zoning is Neighborhood Commercial Zone. The current status is vacant, handover is negotiable, and pets are negotiable. Vacant parking will be available for use once repairs are completed.

Property Details

Building Area
74.7 ㎡
Layout
4LDK
4 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1999
Floors
Floor 5 of 7
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,320,000
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

Land rights
Freehold
Zoning
Neighborhood commercial zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
不在
Management company
共立管財
Owners' association
Yes

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield3.32%
Est. Net Yield2.34%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.32%
Est. Net Yield
2.34%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥40,400,000+¥930,000¥1,530,0003.6%-2.8%
2yr¥41,000,000+¥1,860,000¥3,060,0007.2%0.4%
3yr¥41,620,000+¥2,790,000¥4,610,00010.8%1.5%
4yr¥42,240,000+¥3,720,000¥6,160,00014.5%2%
5yr¥42,880,000+¥4,650,000¥7,730,00018.2%2.3%
6yr¥43,520,000+¥5,580,000¥9,300,00021.9%2.5%
7yr¥44,170,000+¥6,510,000¥10,890,00025.6%2.7%
8yr¥44,830,000+¥7,440,000¥12,480,00029.3%2.8%
9yr¥45,510,000+¥8,380,000¥14,080,00033.1%2.9%
10yr¥46,190,000+¥9,310,000¥15,700,00036.9%2.9%

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.)
¥2,739,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,379,400
Real Estate Acquisition Tax (est., rate varies by property type)¥710,000
Registration License Tax (title transfer)¥350,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥290,000

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

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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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