For SaleCondominium

Kawazoe Danchi Building D

Kawazoe 9-jo 4-chome, Minami-ku, Sapporo-shi, Hokkaido
Asking Price
¥5,800,000
Est. Net Yield: 9.09%
Kawazoe Danchi Building D - 1/2
1 / 2

Executive Summary

This property is a 1st-floor unit of Kawazoe Danchi Building D, a 4-story reinforced concrete (RC) condominium built in November 1975, located in Kawazoe 9-jo 4-chome, Minami-ku, Sapporo-shi, Hokkaido. For transportation, it is located a 27-minute bus ride and a 9-minute walk from Makomanai Station on the Sapporo Municipal Subway Namboku Line. The unit has a floor area of 74.8 sqm, a 3LDK layout, and faces south. Parking is available, and the management format is self-managed without an on-site manager. The land rights are ownership, and the zoning is Category II Medium-and-High-Rise Residential Zone. The property is currently tenanted, and handover is immediate. Nearby facilities include a convenience store 461 m away (a 6-minute walk), a post office 595 m away (an 8-minute walk), a bank 645 m away (a 9-minute walk), and commercial facilities 994 m away (a 13-minute walk).

Property Details

Building Area
74.8 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1975
Floors
Floor 1 of 4
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥800,000
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
Category 2 mid/high-rise residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Self-managed
Building manager
不在
Owners' association
Yes

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

Location & Map

Investment Analysis

Gross Yield13.86%
Est. Net Yield9.09%

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
13.86%
Est. Net Yield
9.09%
If sold after 10 years (before tax)
Annual return (IRR)
8.1%
Net gain
+¥4,890,000
Gain on total investment +76.7%
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¥5,800,000+¥580,000¥-330,000-5.2%-5.2%
2yr¥5,800,000+¥1,160,000+¥250,000+3.9%2.0%
3yr¥5,800,000+¥1,740,000+¥830,000+13.0%4.5%
4yr¥5,800,000+¥2,320,000+¥1,410,000+22.1%5.8%
5yr¥5,800,000+¥2,900,000+¥1,990,000+31.2%6.6%
6yr¥5,800,000+¥3,480,000+¥2,570,000+40.3%7.1%
7yr¥5,800,000+¥4,060,000+¥3,150,000+49.4%7.5%
8yr¥5,800,000+¥4,640,000+¥3,730,000+58.5%7.7%
9yr¥5,800,000+¥5,220,000+¥4,310,000+67.6%7.9%
10yr¥5,800,000+¥5,800,000+¥4,890,000+76.7%8.1%

Assumptions

  • Total investment ¥6,375,000 (price ¥5,800,000 + purchase costs ¥575,000)
  • Management fee and repair reserve: ¥180,000 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.)
¥575,000
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)¥100,000
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.

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.

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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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