For SaleCondominium

Form Dazaifu

Gojo 4-chome, Dazaifu-shi, Fukuoka
Asking Price
¥2,900,000
Est. Net Yield: 6.33%
Form Dazaifu - 1/7
1 / 7

Executive Summary

This is a 2nd-floor unit in Form Dazaifu, a 5-story reinforced concrete condominium built in January 1990, located in Gojo 4-chome, Dazaifu-shi, Fukuoka. The property is located a 5-minute walk from Nishitetsu-Gojo Station on the Nishi-Nippon Railroad Dazaifu Line. The floor area is 21.3 m2, the balcony area is 3.92 m2, and the layout is a south-facing 1K. Main equipment includes a two-burner stove, air conditioning, indoor washing machine space, shoe-in closet, and city gas, and there are bicycle parking and motorcycle parking facilities (no vacant car parking space). The land rights are ownership, and the zoning is Category I Residential Zone. The unit is currently tenanted, and handover is subject to consultation.

Property Details

Building Area
21.3 ㎡
Layout
1K
Studio with separate kitchen
Structure
RC
Built Year
1990
Floors
Floor 2 of 5
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥320,000
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 residential zone

Costs besides the price

Parking
No space available

Building management

Management type
Fully outsourced
Building manager
Visiting
Owners' association
Yes
Total units
16 units

Utilities & nearby

Gas
City gas

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

Location & Map

Investment Analysis

Est. Gross Yield11.04%
Est. Net Yield6.33%

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
11.04%
Est. Net Yield
6.33%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥2,940,000+¥180,000¥230,0006.8%-7%
2yr¥2,990,000+¥370,000¥450,00013.5%-0.1%
3yr¥3,030,000+¥550,000¥680,00020.3%2.3%
4yr¥3,080,000+¥730,000¥910,00027.1%3.5%
5yr¥3,120,000+¥920,000¥1,140,00034%4.2%
6yr¥3,170,000+¥1,100,000¥1,370,00040.8%4.6%
7yr¥3,220,000+¥1,280,000¥1,600,00047.7%4.9%
8yr¥3,270,000+¥1,470,000¥1,830,00054.6%5.2%
9yr¥3,320,000+¥1,650,000¥2,070,00061.5%5.3%
10yr¥3,370,000+¥1,830,000¥2,300,00068.4%5.5%

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.)
¥461,000
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)¥50,000
Registration License Tax (title transfer)¥20,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥60,000

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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