For SaleCondominiumAkiya

Park Plaza Owada

Oaza Hasunuma, Minuma-ku, Saitama-shi, Saitama
  • Top floor
  • Corner unit
Asking Price
¥7,800,000
Est. Net Yield: 6.49%
Park Plaza Owada - 1/15
1 / 15

Executive Summary

Park Plaza Owada is a 3-story reinforced concrete (RC) condominium built in February 1980, located in Oaza Hasunuma, Minuma-ku, Saitama-shi, Saitama. It is located a 16-minute walk from Owada Station on the Tobu Railway Noda Line and an 18-minute walk from Nanasato Station on the same line. The property is a south-facing 3rd-floor corner unit with a 2SDK layout, featuring a floor area of 40.6㎡ and a balcony area of 4.9㎡. It is equipped with a system kitchen, an automatic bath with reheating function, a bidet toilet seat, and an intercom with a monitor, with renovations of the wet areas (kitchen, bathroom, toilet, washroom) and interior (flooring, wallpaper replacement in all rooms, etc.) completed in February 2025. The land rights are ownership. The property is currently vacant, and handover is available immediately. Commercial facilities are located 104m (a 2-minute walk) away.

Property Details

Building Area
40.6 ㎡
Layout
2SDK
2 bedrooms + storage room + dining kitchen
Structure
RC
Built Year
1980
Floors
Floor 3 of 3
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥830,000
Transport
  • Owada Station
    Tobu Urban Park Line
    Walk 16 min
  • Nanasato Station
    Tobu Urban Park Line
    Walk 18 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Freehold

Costs besides the price

Parking
近有

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
毎日興業(株)
Total units
15 units

Utilities & nearby

Gas
Propane gas

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

Location & Map

Investment Analysis

Gross Yield10.62%
Est. Net Yield6.49%

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
10.62%
Est. Net Yield
6.49%
If sold after 10 years (before tax)
Annual return (IRR)
5.6%
Net gain
+¥4,500,000
Gain on total investment +53.3%
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+¥550,000¥-430,000-5.1%-5.1%
2yr¥7,800,000+¥1,100,000+¥120,000+1.4%0.7%
3yr¥7,800,000+¥1,650,000+¥670,000+7.9%2.7%
4yr¥7,800,000+¥2,190,000+¥1,210,000+14.4%3.8%
5yr¥7,800,000+¥2,740,000+¥1,760,000+20.9%4.4%
6yr¥7,800,000+¥3,290,000+¥2,310,000+27.4%4.8%
7yr¥7,800,000+¥3,840,000+¥2,860,000+33.9%5.1%
8yr¥7,800,000+¥4,390,000+¥3,410,000+40.4%5.3%
9yr¥7,800,000+¥4,940,000+¥3,960,000+46.8%5.5%
10yr¥7,800,000+¥5,480,000+¥4,500,000+53.3%5.6%

Assumptions

  • Total investment ¥8,445,000 (price ¥7,800,000 + purchase costs ¥645,000)
  • Management fee and repair reserve: ¥234,000 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.

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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