For SaleCondominium

Nichiei Heim Izumicho

Izumi 1-chome, Chuo-ku, Hamamatsu-shi, Shizuoka
  • Pets negotiable
Asking Price
¥15,000,000
Est. Net Yield: 4.09%
Nichiei Heim Izumicho - 1/8
1 / 8

Executive Summary

This property is a 2nd-floor unit in a 4-story reinforced concrete condominium built in June 1984, located in Izumi 1-chome, Chuo-ku, Hamamatsu-shi, Shizuoka. Transportation is a 29-minute walk from Hikuma Station on the Enshu Railway. The layout is a south-facing 1SLDK with a floor area of 51.8 m² and a balcony area of 6.96 m², equipped with facilities including a system kitchen, dishwasher, bathroom dryer, reheating function, walk-in closet, and an intercom with a monitor. In July 2017, renovations were completed for the plumbing areas (kitchen, bathroom, toilet, washroom, and water heater) and all interior surfaces (floors, walls, ceilings, and fixtures). The land rights are ownership, and the zoning is Category I Medium-and-High-Rise Residential Zone. The property is currently tenanted, and handover is immediate. Surrounding facilities include a kindergarten/nursery school 200 m (3-minute walk) away, an elementary school 270 m (4-minute walk) away, a bank 463 m (6-minute walk) away, and a convenience store 690 m (9-minute walk) away.

Property Details

Building Area
51.8 ㎡
Layout
1SLDK
1 bedroom + storage room + living, dining & kitchen
Structure
RC
Built Year
1984
Floors
Floor 2 of 4
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥960,000
Transport
  • Hikuma Station
    Enshu Railway Line
    Walk 29 min
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 1 mid/high-rise residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Visiting
Management company
ナイスコミュニティー株式会社
Total units
32 units

Utilities & nearby

Gas
City gas
To elementary school
about 270 m
To junior high school
about 1031 m

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

Location & Map

Investment Analysis

Gross Yield6.4%
Est. Net Yield4.09%

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
6.40%
Est. Net Yield
4.09%
If sold after 10 years (before tax)
Annual return (IRR)
3.2%
Net gain
+¥4,900,000
Gain on total investment +30.4%
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¥15,000,000+¥660,000¥-1,030,000-6.4%-6.4%
2yr¥15,000,000+¥1,320,000¥-370,000-2.3%-1.2%
3yr¥15,000,000+¥1,980,000+¥290,000+1.8%0.6%
4yr¥15,000,000+¥2,640,000+¥940,000+5.9%1.5%
5yr¥15,000,000+¥3,300,000+¥1,600,000+9.9%2.1%
6yr¥15,000,000+¥3,950,000+¥2,260,000+14.0%2.4%
7yr¥15,000,000+¥4,610,000+¥2,920,000+18.1%2.7%
8yr¥15,000,000+¥5,270,000+¥3,580,000+22.2%2.9%
9yr¥15,000,000+¥5,930,000+¥4,240,000+26.3%3.1%
10yr¥15,000,000+¥6,590,000+¥4,900,000+30.4%3.2%

Assumptions

  • Total investment ¥16,121,000 (price ¥15,000,000 + purchase costs ¥1,121,000)
  • Management fee and repair reserve: ¥248,040 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.)
¥1,121,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥561,000
Real Estate Acquisition Tax (est., rate varies by property type)¥270,000
Registration License Tax (title transfer)¥130,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥150,000

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

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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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