For SaleCondominium

Star Homes Tsurugamine 8

Imajukuhigashicho, Asahi-ku, Yokohama-shi, Kanagawa
Asking Price
¥6,600,000
Est. Net Yield: 7.45%
Star Homes Tsurugamine 8 - 1/1
1 / 1

Executive Summary

This is Star Homes Tsurugamine 8, a 3-story reinforced concrete (RC) condominium built in March 1990, located in Imajukuhigashicho, Asahi-ku, Yokohama-shi, Kanagawa. It is located a 22-minute walk from Tsurugamine Station on the Sagami Railway Main Line. Out of 15 total units, the subject unit is a 1R located on the 1st floor with a floor area of 18.4㎡. Facilities include an air conditioner, an IH cooktop, and an indoor washing machine space. The land right is ownership, and the zoning is designated as Category II Residential Zone. The property is currently tenanted, and delivery is negotiable.

Property Details

Building Area
18.4 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1990
Floors
Floor 1 of 3
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥620,000
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)
252.4 ㎡
Land rights
Freehold
Zoning
Category 2 residential zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
不在
Management company
株式会社ライフポート西洋
Owners' association
Yes
Total units
15 units

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

Location & Map

Investment Analysis

Gross Yield9.45%
Est. Net Yield7.45%

Based on the rent under the current lease.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
9.45%
Est. Net Yield
7.45%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥6,700,000+¥490,000¥590,0008.2%0.1%
2yr¥6,800,000+¥980,000¥1,180,00016.5%4.2%
3yr¥6,900,000+¥1,470,000¥1,780,00024.7%5.6%
4yr¥7,000,000+¥1,970,000¥2,370,00033%6.3%
5yr¥7,110,000+¥2,460,000¥2,970,00041.3%6.7%
6yr¥7,220,000+¥2,950,000¥3,570,00049.6%6.9%
7yr¥7,320,000+¥3,440,000¥4,170,00058%7.1%
8yr¥7,430,000+¥3,930,000¥4,770,00066.3%7.2%
9yr¥7,550,000+¥4,420,000¥5,370,00074.7%7.3%
10yr¥7,660,000+¥4,920,000¥5,970,00083.2%7.3%

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.)
¥585,000
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)¥110,000
Registration License Tax (title transfer)¥50,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥90,000

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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