Condominium in Shinagawa, Tokyo

¥41M

≈ US$259,000

Information updated 12 Oct 2026Next update by 19 Oct 2026

4-16-17 Minamishinagawa, Shinagawa, Tokyo

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京浜急線 / Aomono-yokocho7 min walk
京浜急線 / Shimbamba7 min walk
JR Keihin-Tohoku Line / Oimachi10 min walk

Chat with management

Good pointsFreehold (land included)New earthquake standardAuto-lock entranceDelivery lockers

Property Overview

Terms explained

Property Type: Condominium
Year Built: Jan 2020 (6 yrs old)
Earthquake standard (from built year): New standard (June 1981 or later)Guide
Structure: Reinforced Concrete (RC)
Floors: 6 floors
Building Area: 21.94㎡ (236 sq ft)
Zoning: Quasi-Industrial
Land rights: Freehold (land included)
Current Status: Tenanted
Price per m²: ¥1,868,733/m²
Management fee (monthly): ¥7,680Guide
Repair reserve (monthly): ¥660
Rent (monthly): ¥132,000
Gross yield: 3.9%
Net yield (after fees, estimate): 3.6%

Price per m² compared

This property¥1,868,733/m²
Average of 5 listings in Shinagawa¥1,988,061/m²

Reference figure from the asking prices of 5 other listings in this ward on this portal; not transaction prices or a market valuation.

Monthly payment estimate (with a mortgage)

Down payment20% (JPY 8,200,000)

Interest rate (annual)1.00%

Loan term35 years

Monthly payment

¥92,590

Management and repair fees: ¥8,340
Total monthly outgoings: ¥100,930
Rental income (current rent): ¥132,000
Monthly cash flow (rent − loan − fees): +¥31,070

Down payment: JPY 8,200,000
Loan amount: JPY 32,800,000
Total interest: JPY 6,090,000

Level-payment estimate; the repayment excludes fees, taxes and management costs (management fees and rent from the listing are shown separately). Cash flow ignores property tax, letting fees and vacancies. Lenders decide eligibility and rates. Foreign nationals can often borrow if they hold Japanese residence status or buy through a Japanese company.

Initial cost simulator

Payment

Down payment20% (JPY 8,200,000)

Loan amount (paid by the lender)JPY 32,800,000

Cash you need (estimate)

JPY 11,060,000 – JPY 11,690,000

about US$70k–74k

Down payment: JPY 8,200,000
Brokerage fee (maximum, incl. tax): JPY 1,420,000
Stamp duty on the contract: JPY 10,000
Loan administration fee (2.2% of the loan): JPY 720,000
Registration tax (ownership): JPY 210,000 – JPY 330,000
Registration tax (mortgage): JPY 30,000 – JPY 130,000
Judicial scrivener fee: JPY 100,000 – JPY 200,000
Acquisition tax (paid after handover): JPY 210,000 – JPY 410,000
Pro-rata property tax and fees: JPY 80,000 – JPY 120,000
Fire and earthquake insurance: JPY 60,000 – JPY 120,000
Stamp duty on the loan contract: JPY 20,000

When you pay

At the contract (deposit 5%, stamp duty, half the brokerage, etc.): JPY 2,770,000≈ US$17,500
At settlement (the rest of your cash): JPY 8,290,000 – JPY 8,920,000

Brokerage is the legal maximum; stamp duty on the sale and loan contracts follows the National Tax Agency tables (reduced sale-contract rates until 31 March 2027). Registration and acquisition taxes, settlements and insurance depend on assessed values and the property, so they are ranges based on typical shares of the price (the loan for the mortgage registration), about 2–3% of the price in total. Lenders charge loan costs in different ways, such as a guarantee fee. See the buying guide for mortgages for foreign nationals.

Costs and mortgages explained →

Buying from overseas?How the money moves (transfer, settlement, registration), with a checklist from contract to handover.

Location map

Open in Google Maps

The map shows the published address. Confirm the exact building position on site or in the documents.

Check natural hazard risk

Before buying, check flood, landslide, storm-surge and tsunami risk at the property, and the area's earthquake risk rank, on official maps.

Hazard Map Portal (GSI, Japanese government)Opens centred on this property Earthquake risk by area (Tokyo Metropolitan Government)Building-collapse and fire risk ranks by district

Official sites open in a new tab (Japanese). The formal disclosure before the contract also shows the property on the flood hazard map.

How to read these maps (guide)

Property Overview

Makes Design Oimachi: a tenanted investment property, 21.94 m², north-facing first-floor 1K with a 2.99 m² balcony. A 10-minute walk to Oimachi (JR Keihin-Tohoku), and 7 minutes each to Aomono-yokocho and Shimbamba (Keikyu Main Line). Price JPY 41,000,000. Built January 2020; RC, six floors, 30 units, freehold. Rented; handover by agreement. Monthly management JPY 7,680, repair reserve JPY 660 and other charges JPY 0, totaling JPY 8,340. Source monthly rent JPY 132,000 includes JPY 10,000 of tenant common charges; scheduled annual rent JPY 1,584,000 and gross yield approximately 3.86%, before management costs, taxes and upkeep. Income is not guaranteed. Ordinary residential tenancy, current contractual period 17 October 2025–16 October 2027. Source plan shows an approximately 7-jo room and kitchen. Auto-lock and delivery boxes. Built by Jukyo Construction, developed by Makes and fully managed by Makes Community with visiting management. Interior images are source reference photographs and do not establish the current occupied interior or furnishings. Images comprise two room photos, the floor plan and exterior.

North-facing30 units in total