We have got a new listing from Kawasaki city.
I have been there for viewing and photos and video clips.
It has the fantastic financing by the first class Japanese bank (subject to visa and financial background) and foreign national could be eligible for the financing by a Japanese bank .
(Inside the room)
Kawasaki (川崎市 Kawasaki-shi) is a city in Kanagawa Prefecture, Japan.
It is the 8th most populated city in Japan (including the Tokyo Metropolitan Area) and one of the main cities forming the Greater Tokyo Area and Keihin Industrial Area.
The city has an estimated population of 1,522,141, with 734,501 households.
Both its population and the number of households has been increasing for last five years.
The nearest train station to the property is ‘Yomiuri-land’ on Odakyu line and it takes just 30 mins from Shinjuku station.
In fact, I used to live in Kawasaki city and liked it very much.
It is a very good opportunity for someone looking for a small to medium size investment in Yokohama/Kawasaki area.
Both Yokohama and Kawasaki are a major commercial hub of the Greater Tokyo Area and sitting side by side.
Yokohama is the second largest city in Japan by population. The population is about 3.7 million and it is the most populous municipality of Japan.
The yield is attractive and it comes with the full financing.
2-storey residential apartment building.
Location : Tama-ku, Kawasaki city, Kanagawa prefecture
9 mins walk from Yomiuri-land mae station （Odakyu line)
Gross yield (gross return on investment) before the cost : 8.09% basis 100% occupied
and currently 100% occupied
Land size : 219.18m2
Building : 210.20 m2
Land right : freehold
2-storey wood construction (木造)
Built : August, 2018
14 units of studio apartment (each studio 20 m2 with loft area)
Rent : 52,000 yen per month for each unit
Price : 110 mil yen (about U$982,000)
Finance : 100% mortgage loan is available by the first class Japanese bank at 2.3% pa for 30 years (subject to visa status/income/financial background)
Projected monthly cash flow : 202,328 yen (after re-payment, cost and tax) 2,427,000 yen per year
Current rent roll : 100% occupied
– Annual property tax : 426,099 yen
-Tax saving from the depreciation of the building for 22 years
– Foundation ground has been officially certified by the third party.
– Level 3 grade certified (highest standard) of official deterioration measures grades system
Deterioration measures grade is one of the “evaluation items” of a building based on the housing performance indication system
The grade of measures for making the house last longer, such as measures against termites of timber used for the structural structural part of the building and measures against rusting of reinforcing bars, are evaluated in three grades.Level 3 properties are supposed to las for 75-90 years.
-Entry phone with monitor equipped
I shot the video (Edited by me !)
If you are interested, please contact us.
Real estate investing consultant and author.
Founder of Yamamoto Property Advisory in Tokyo.
International property Investment consultant and licensed
real estate broker (Japan).
He serves the foreign companies and individuals to buy and sell
the real estates in Japan as well as own homes.
He holds a Bachelor’s degree in Economics from
Osaka Prefecture University in Japan
and an MBA from Bond University in Australia
Toshihiko’s book, “The Savvy Foreign Investor’s Guide to Japanese Properties: How to Expertly Buy, Manage and Sell Real Estate in Japan”is now out on Amazon, iBooks (iTunes, Apple) and Google Play.
About the book