For SaleCondominium

Excel Midoridai

Midoridai, Kashiwa-shi, Chiba
Asking Price
¥5,990,000
Est. Net Yield: 4.66%
Excel Midoridai - 1/8
1 / 8

Executive Summary

This is a 2nd-floor unit in Excel Midoridai, a 3-story RC apartment building constructed in June 1991, located in Midoridai, Kashiwa-shi, Chiba. Access to transportation is a 16-minute bus ride and a 3-minute walk from Kashiwa Station on the Chiyoda and Joban Local Line. The unit has a floor area of 58.3㎡, a 2LDK layout, faces south, and is equipped with an auto-lock system and an elevator. The land right is ownership, and the zoning is Category I Low-rise Residential Zone. The property is currently tenanted, and handover is subject to consultation. The tenant is a Japanese company employee currently on their 4th contract renewal, enrolled in a guarantee company. Nearby facilities include a convenience store 384m away (5-minute walk), commercial facilities 616m away (8-minute walk), and restaurants 982m away (13-minute walk). The property is sold in its current as-is condition with exemption of liability for non-conformity.

Property Details

Building Area
58.3 ㎡
Layout
2LDK
2 bedrooms + living, dining & kitchen
Structure
RC
Built Year
1991
Floors
Floor 2 of 3
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥680,000
Transport
  • Kashiwa Station
    JR Chiyoda/Joban Local Line
    Bus 16 min + 3 min walk
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
Category 1 low-rise residential zone

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
近鉄住宅管理株式会社 東京支店
Total units
22 units

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

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Not within a published hazard areaFlooding from rivers without a published assessment, and flooding caused by overwhelmed drainage, is not included.
Storm surge
Not within a published hazard area
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Unlikely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Category I exclusively low-rise residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 150% · Building coverage ratio 60%

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

Public elementary school district
風早北部小学校 (柏市立)School districts are set by the municipality and may change.
Nearest elementary school
柏市立風早北部小学校About 200 m in a straight line
Nearest junior high school
柏市立大津ケ丘中学校About 510 m in a straight line
Nearest high school
二松学舎大学附属柏高等学校About 770 m in a straight line
Nearest university, junior college or technical college
二松学舎大学About 760 m in a straight line
Nurseries and kindergartens
Within 500 m: 1 / within 1 km: 2
Clinics
Within 500 m: 1

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 769 people
2050 (estimate)
about 789 people (+2.7% vs 2025)
Share aged 65 and over
26.2% → 29% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 93 m
¥66,500/㎡Official land price (Land Price Publication) · 1/1/2026 (+4.1% vs last year)
Residential land · about 326 m
¥77,000/㎡Official land price (Land Price Publication) · 1/1/2026 (— vs last year)
Residential land · about 453 m
¥60,700/㎡Official land price (Land Price Publication) · 1/1/2026 (+3.1% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
795 records · median ¥375,000 per ㎡ (middle half: ¥180,000 – ¥668,627)Records for all of 柏市 because the district could not be narrowed (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥5,000,000・60 ㎡・3DK・built 1984Transaction price information (survey-based)
2026 Q1
¥23,000,000・55 ㎡・2LDK・built 1995Transaction price information (survey-based)
2026 Q1
¥29,000,000・60 ㎡・2LDK+S・built 1985Contract price information
2026 Q1
¥12,000,000・55 ㎡・2LDK・built 1993Contract price information
2026 Q1
¥16,000,000・65 ㎡・3LDK・built 1982Contract price information

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/15/2026

Location & Map

Investment Analysis

Gross Yield11.42%
Est. Net Yield4.66%

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
11.42%
Est. Net Yield
4.66%
If sold after 10 years (before tax)
Annual return (IRR)
3.5%
Net gain
+¥2,150,000
Gain on total investment +32.7%
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¥5,990,000+¥310,000¥-600,000-9.2%-9.2%
2yr¥5,990,000+¥610,000¥-300,000-4.5%-2.4%
3yr¥5,990,000+¥920,000+¥10,000+0.1%0.0%
4yr¥5,990,000+¥1,220,000+¥310,000+4.8%1.3%
5yr¥5,990,000+¥1,530,000+¥620,000+9.4%2.0%
6yr¥5,990,000+¥1,840,000+¥930,000+14.1%2.5%
7yr¥5,990,000+¥2,140,000+¥1,230,000+18.8%2.8%
8yr¥5,990,000+¥2,450,000+¥1,540,000+23.4%3.1%
9yr¥5,990,000+¥2,750,000+¥1,840,000+28.1%3.3%
10yr¥5,990,000+¥3,060,000+¥2,150,000+32.7%3.5%

Assumptions

  • Total investment ¥6,565,000 (price ¥5,990,000 + purchase costs ¥575,000)
  • Management fee and repair reserve: ¥340,440 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.)
¥575,000
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)¥100,000
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.

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)
Inquire