For SaleCondominium

Cosmo Shin-Koiwa Premiere

Matsue 2-chome, Edogawa-ku, Tokyo
Asking Price
¥35,000,000
Est. Net Yield: 3.53%
Cosmo Shin-Koiwa Premiere - 1/1
1 / 1

Executive Summary

Cosmo Shin-Koiwa Premiere is a 6-story reinforced concrete condominium built in June 1989, located in Matsue 2-chome, Edogawa-ku, Tokyo. Access is a 34-minute walk from Shin-Koiwa Station on the Sobu-Chuo Local Line and a 28-minute walk from Ichinoe Station on the Toei Shinjuku Line. The unit is a south-facing 4LDK situated on the 2nd floor, featuring a floor area of 102.4 sqm and a balcony area of 11.34 sqm. It is equipped with facilities such as a system kitchen, dishwasher, bathroom dryer, and elevator, and underwent renovations in December 2023 covering the unit bath, system kitchen, and flooring. Land rights are ownership, and the zoning is Category I Residential Zone. The property is currently occupied and offered on an owner-change basis, with delivery timing open for consultation. In the surrounding area, an elementary school is located 641 m (a 9-minute walk) away.

Property Details

Building Area
102.4 ㎡
Layout
4LDK
4 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1989
Floors
Floor 2 of 6
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,960,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Occupied by the seller
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
1,196.7 ㎡
Land rights
Freehold
Zoning
Category 1 residential zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
大和ライフネクスト
Owners' association
Yes
Total units
25 units

Utilities & nearby

Gas
City gas
To elementary school
about 641 m
To junior high school
about 320 m

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

Location & Map

Investment Analysis

Est. Gross Yield5.59%
Est. Net Yield3.53%

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
5.59%
Est. Net Yield
3.53%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥35,520,000+¥1,240,000¥1,760,0004.7%-1.8%
2yr¥36,060,000+¥2,470,000¥3,530,0009.4%1.5%
3yr¥36,600,000+¥3,710,000¥5,310,00014.2%2.6%
4yr¥37,150,000+¥4,950,000¥7,100,00019%3.1%
5yr¥37,700,000+¥6,180,000¥8,890,00023.7%3.4%
6yr¥38,270,000+¥7,420,000¥10,690,00028.6%3.6%
7yr¥38,840,000+¥8,660,000¥12,500,00033.4%3.8%
8yr¥39,430,000+¥9,890,000¥14,320,00038.3%3.9%
9yr¥40,020,000+¥11,130,000¥16,150,00043.1%4%
10yr¥40,620,000+¥12,370,000¥17,990,00048%4%

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.)
¥2,441,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,221,000
Real Estate Acquisition Tax (est., rate varies by property type)¥630,000
Registration License Tax (title transfer)¥310,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥270,000

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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