For SaleCondominium

Nishi-Tokorozawa Tsubakimine New Town Block 39 Building 4

Oaza Yamaguchi, Tokorozawa-shi, Saitama
Asking Price
¥7,800,000
Est. Net Yield: 7.25%
Nishi-Tokorozawa Tsubakimine New Town Block 39 Building 4 - 1/1
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Executive Summary

This property is Nishi-Tokorozawa Tsubakimine New Town Block 39 Building 4, a 5-story reinforced concrete condominium built in February 1981, located in Oaza Yamaguchi, Tokorozawa-shi, Saitama. The construction company is Ando Construction. Transportation is an 8-minute walk from Shimo-Yamaguchi Station on the Seibu Sayama Line. The subject unit is located on the 4th floor, with a floor area of 87.8 m² and a 3LDK layout. Parking is available, and the management form is fully outsourced (day shift). 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.

Property Details

Building Area
87.8 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1981
Floors
Floor 4 of 5
Earthquake Std.
To be confirmed
Est. Annual Rent
¥860,000
Transport
  • Shimo-Yamaguchi Station
    Seibu Sayama Line
    Walk 8 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
Daytime

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

Location & Map

Investment Analysis

Gross Yield11.08%
Est. Net Yield7.25%

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
11.08%
Est. Net Yield
7.25%
If sold after 10 years (before tax)
Annual return (IRR)
6.4%
Net gain
+¥5,140,000
Gain on total investment +60.9%
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¥7,800,000+¥610,000¥-370,000-4.4%-4.4%
2yr¥7,800,000+¥1,220,000+¥240,000+2.9%1.5%
3yr¥7,800,000+¥1,840,000+¥860,000+10.2%3.5%
4yr¥7,800,000+¥2,450,000+¥1,470,000+17.4%4.5%
5yr¥7,800,000+¥3,060,000+¥2,080,000+24.7%5.2%
6yr¥7,800,000+¥3,670,000+¥2,690,000+31.9%5.6%
7yr¥7,800,000+¥4,290,000+¥3,310,000+39.2%5.9%
8yr¥7,800,000+¥4,900,000+¥3,920,000+46.4%6.1%
9yr¥7,800,000+¥5,510,000+¥4,530,000+53.7%6.3%
10yr¥7,800,000+¥6,120,000+¥5,140,000+60.9%6.4%

Assumptions

  • Total investment ¥8,445,000 (price ¥7,800,000 + purchase costs ¥645,000)
  • Management fee and repair reserve: ¥204,000 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.)
¥645,000
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)¥140,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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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