For SaleCondominium

Kinomoto Heights

Ichijoji Tsukidacho, Sakyo-ku, Kyoto-shi, Kyoto
  • Top floor
Asking Price
¥5,300,000
Est. Net Yield: 6.11%
Kinomoto Heights - 1/1
1 / 1

Executive Summary

This steel-framed, 3-story apartment building constructed in February 1974 is located in Ichijoji Tsukidacho, Sakyo-ku, Kyoto-shi, Kyoto. Access is a 9-minute walk from Chayama / Kyoto University of the Arts Station on the Eizan Electric Railway. The unit is situated on the 3rd floor, facing north, with a floor area of 25.8 sqm and a 2K layout. Facilities include a separate bath and toilet, a washbasin, a window in the bathroom, and city gas. Land rights are ownership, and the zoning is Quasi-Residential Zone. The property is currently tenanted and sold with tenant in place (owner-change property), with delivery timing negotiable. Surrounding facilities include Kyoto University of the Arts, approximately a 6-minute walk away, and an elementary school 630m (an 8-minute walk) away.

Property Details

Building Area
25.8 ㎡
Layout
2K
2 bedrooms + kitchen
Structure
Steel
Built Year
1974
Floors
Floor 3 of 3
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥480,000
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
Quasi-residential zone

Costs besides the price

Other costs
水道代: ¥2,000 per month
Parking
None

Building management

Management type
Self-managed
Building manager
不在
Management company
マンションサポートネット

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer
To elementary school
about 630 m
To junior high school
about 380 m

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

Location & Map

Investment Analysis

Gross Yield9.06%
Est. Net Yield6.11%

Based on the rent under the current lease.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
9.06%
Est. Net Yield
6.11%
If sold after 10 years (before tax)
Annual return (IRR)
4.9%
Net gain
+¥2,690,000
Gain on total investment +45.9%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥5,300,000+¥360,000¥-530,000-9.1%-9.1%
2yr¥5,300,000+¥720,000¥-170,000-3.0%-1.6%
3yr¥5,300,000+¥1,070,000+¥180,000+3.1%1.1%
4yr¥5,300,000+¥1,430,000+¥540,000+9.2%2.4%
5yr¥5,300,000+¥1,790,000+¥900,000+15.3%3.3%
6yr¥5,300,000+¥2,150,000+¥1,260,000+21.4%3.8%
7yr¥5,300,000+¥2,500,000+¥1,610,000+27.6%4.2%
8yr¥5,300,000+¥2,860,000+¥1,970,000+33.7%4.5%
9yr¥5,300,000+¥3,220,000+¥2,330,000+39.8%4.7%
10yr¥5,300,000+¥3,580,000+¥2,690,000+45.9%4.9%

Assumptions

  • Total investment ¥5,855,000 (price ¥5,300,000 + purchase costs ¥555,000)
  • Management fee and repair reserve: ¥96,000 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

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.)
¥555,000
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)¥90,000
Registration License Tax (title transfer)¥40,000
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.

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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