For SaleCondominium

Apartment in Onaricho 4-chome, Kita-ku, Saitama City

Onaricho 4-chome, Kita-ku, Saitama City, Saitama Prefecture
  • Top floor
Asking Price
¥6,500,000
Est. Net Yield: 7.42%
Apartment in Onaricho 4-chome, Kita-ku, Saitama City - 1/2
1 / 2

Executive Summary

This 3-story steel-framed apartment building was built in May 1982 and is located in Onaricho 4-chome, Kita-ku, Saitama City, Saitama Prefecture. Access is available via the Kawagoe Line with an 11-minute walk to Nisshin Station, Saitama New Shuttle with a 15-minute walk to Kamomiya Station, and Saitama New Shuttle with a 16-minute walk to Tetsudo-Hakubutsukan (Onari) Station. The unit is situated on the 3rd floor, faces south, and offers a 3DK layout with a floor area of 38.7 sqm. Main equipment and facilities include an open kitchen, storage space, a washing machine space, and free bicycle parking. The land rights are ownership, and the zoning is a Quasi-industrial Zone. The property is currently tenanted and sold with existing lease agreement, with delivery timing open for consultation. Building management is partially outsourced with only accounting services entrusted (the rest is self-managed with no on-site manager). The wall-center floor area and balcony area are unknown. Regarding the lease agreement, a rent guarantee company is not used (joint guarantor system), and the status of fire insurance enrollment is unconfirmed.

Property Details

Building Area
38.7 ㎡
Layout
3DK
3 bedrooms + dining kitchen
Structure
Steel
Built Year
1982
Floors
Floor 3 of 3
Earthquake Std.
To be confirmed
Est. Annual Rent
¥700,000
Transport
  • Nisshin Station
    JR Kawagoe Line
    Walk 11 min
  • Kamomiya Station
    Saitama New Shuttle
    Walk 15 min
  • Tetsudo-Hakubutsukan (Onari) Station
    Saitama New Shuttle
    Walk 16 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
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Quasi-industrial zone

Costs besides the price

Parking
None

Building management

Management type
Partly outsourced
Building manager
不在
Management company
日本ハウジング

Utilities & nearby

Gas
Propane gas

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

Location & Map

Investment Analysis

Gross Yield10.71%
Est. Net Yield7.42%

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
10.71%
Est. Net Yield
7.42%
If sold after 10 years (before tax)
Annual return (IRR)
6.5%
Net gain
+¥4,340,000
Gain on total investment +61.2%
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¥6,500,000+¥530,000¥-390,000-5.6%-5.6%
2yr¥6,500,000+¥1,050,000+¥130,000+1.9%1.0%
3yr¥6,500,000+¥1,580,000+¥660,000+9.3%3.2%
4yr¥6,500,000+¥2,100,000+¥1,180,000+16.7%4.4%
5yr¥6,500,000+¥2,630,000+¥1,710,000+24.1%5.1%
6yr¥6,500,000+¥3,150,000+¥2,230,000+31.5%5.5%
7yr¥6,500,000+¥3,680,000+¥2,760,000+39.0%5.9%
8yr¥6,500,000+¥4,210,000+¥3,290,000+46.4%6.1%
9yr¥6,500,000+¥4,730,000+¥3,810,000+53.8%6.3%
10yr¥6,500,000+¥5,260,000+¥4,340,000+61.2%6.5%

Assumptions

  • Total investment ¥7,085,000 (price ¥6,500,000 + purchase costs ¥585,000)
  • Management fee and repair reserve: ¥132,000 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.)
¥585,000
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)¥110,000
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.

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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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