For SaleCondominium

Dia Palace Shitte Dai 2

Yako 3-chome, Tsurumi-ku, Yokohama-shi, Kanagawa
Asking Price
¥6,300,000
Est. Net Yield: 8.5%
Dia Palace Shitte Dai 2 - 1/1
1 / 1

Executive Summary

This is Dia Palace Shitte Dai 2, a 4-story reinforced concrete (RC) condominium built in February 1987, located in Yako 3-chome, Tsurumi-ku, Yokohama-shi, Kanagawa. It is situated a 4-minute walk from Shitte Station on the Nambu Line. The subject unit is a 1R layout facing southeast on the 3rd floor, with a floor area of 14.8 m² and a balcony area of 2.4 m². The building is equipped with an elevator, and unit facilities include city gas, hot water supply, and an indoor washing machine space. The total number of units is 37, and the management form is fully outsourced (patrol). The land right is ownership, and the zoning is Neighborhood Commercial Zone. The property is currently tenanted, and handover is immediate.

Property Details

Building Area
14.8 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1987
Floors
Floor 3 of 4
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥650,000
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

Land rights
Freehold
Zoning
Neighborhood commercial zone

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
株式会社大京アステージ
Total units
37 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield10.33%
Est. Net Yield8.5%

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
10.33%
Est. Net Yield
8.50%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥6,390,000+¥540,000¥630,0009.1%0.7%
2yr¥6,490,000+¥1,070,000¥1,260,00018.3%5%
3yr¥6,590,000+¥1,610,000¥1,890,00027.5%6.4%
4yr¥6,690,000+¥2,140,000¥2,530,00036.7%7.1%
5yr¥6,790,000+¥2,680,000¥3,160,00045.9%7.5%
6yr¥6,890,000+¥3,210,000¥3,800,00055.2%7.8%
7yr¥6,990,000+¥3,750,000¥4,440,00064.5%7.9%
8yr¥7,100,000+¥4,280,000¥5,080,00073.8%8.1%
9yr¥7,200,000+¥4,820,000¥5,720,00083.1%8.1%
10yr¥7,310,000+¥5,350,000¥6,360,00092.4%8.2%

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

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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