For SaleCondominiumAkiya

Shineicho Jutaku Block 4 Building 9

Shinei 4-chome, Soka-shi, Saitama
Asking Price
¥7,000,000
Shineicho Jutaku Block 4 Building 9 - 1/1
1 / 1

Executive Summary

This reinforced concrete (RC) 5-story apartment building was built in May 1974 and is located in Shinei 4-chome, Soka-shi, Saitama. It is situated a 12-minute bus ride and a 1-minute walk from the bus stop from Shinden Station on the Tobu Isesaki/Daishi Line, and a 10-minute bus ride and a 5-minute walk from the bus stop from Higashi-Kawaguchi Station on the Musashino Line. The subject unit is on the 2nd floor, featuring a 2LDK layout with a floor area of 51.4 m², facing southwest, and is a corner unit facing southeast and southwest. The total number of units is 1,586, and the management system is partially outsourced (day shift). The land rights are ownership, and the zoning is designated as Category I Medium-to-High-Rise Residential Zone. The property is currently vacant, and immediate handover is possible.

Property Details

Building Area
51.4 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1974
Floors
Floor 2 of 5
Earthquake Std.
Old Seismic Standard
Transport
  • Higashi-Kawaguchi Station
    JR Musashino Line
    Bus 10 min + 5 min walk
  • Shinden Station
    Tobu Isesaki / Daishi Line
    Bus 12 min + 1 min walk
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

Site area (whole building)
115,782.1 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Building management

Management type
Partly outsourced
Building manager
Daytime
Management company
日本総合住生活(株)
Owners' association
Yes
Total units
1586 units

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

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.00%
Est. Net Yield
2.14%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

If sold after 10 years (before tax)
Annual return (IRR)
0.9%
Net gain
+¥680,000
Gain on total investment +8.9%
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¥7,000,000+¥160,000¥-790,000-10.3%-10.3%
2yr¥7,000,000+¥330,000¥-620,000-8.2%-4.2%
3yr¥7,000,000+¥490,000¥-460,000-6.1%-2.1%
4yr¥7,000,000+¥650,000¥-300,000-3.9%-1.0%
5yr¥7,000,000+¥810,000¥-140,000-1.8%-0.4%
6yr¥7,000,000+¥980,000+¥30,000+0.3%0.1%
7yr¥7,000,000+¥1,140,000+¥190,000+2.5%0.4%
8yr¥7,000,000+¥1,300,000+¥350,000+4.6%0.6%
9yr¥7,000,000+¥1,460,000+¥510,000+6.8%0.8%
10yr¥7,000,000+¥1,630,000+¥680,000+8.9%0.9%

Assumptions

  • Total investment ¥7,615,000 (price ¥7,000,000 + purchase costs ¥615,000)
  • Management fee and repair reserve: ¥168,000 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.)
¥615,000
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)¥120,000
Registration License Tax (title transfer)¥60,000
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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