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Investment

Condominium in Kita, Tokyo

¥89.8M

≈ US$567,000

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1-38-18 Akabanenishi, Kita, Tokyo
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  • JR Keihin-Tohoku Line / Akabane2 min walk
  • JR Saikyo Line / Akabane2 min walk
  • 埼玉高速線 / Akabane-iwabuchi10 min walk
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Good pointsFreehold (land included)2 min to stationNew earthquake standardAuto-lock entranceDelivery lockersSouth-facing
Property Overview
Terms explained
Property Type
Condominium
Year Built
Jan 2006 (20 yrs old)
Earthquake standard (from built year)
New standard (June 1981 or later)Guide
Structure
Reinforced Concrete (RC)
Floors
15 floors
Building Area
64.27㎡ (692 sq ft)
Zoning
Commercial
Land rights
Freehold (land included)
Current Status
Tenanted
Price per m²
¥1,397,230/m²
Management fee (monthly)
¥11,190Guide
Repair reserve (monthly)
¥15,430
Rent (monthly)
¥200,000
Gross yield
2.7%
Net yield (after fees, estimate)
2.3%

Monthly payment estimate (with a mortgage)

20% (JPY 17,960,000)
1.00%
35 years

Monthly payment

¥202,794

Management and repair fees
¥26,620
Total monthly outgoings
¥229,414
Rental income (current rent)
¥200,000
Monthly cash flow (rent − loan − fees)
−¥29,414
Down payment
JPY 17,960,000
Loan amount
JPY 71,840,000
Total interest
JPY 13,330,000

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

20% (JPY 17,960,000)

Loan amount (paid by the lender)JPY 71,840,000

Cash you need (estimate)

JPY 24,040,000 – JPY 25,300,000

about US$152k–160k

Down payment
JPY 17,960,000
Brokerage fee (maximum, incl. tax)
JPY 3,030,000
Stamp duty on the contract
JPY 30,000
Loan administration fee (2.2% of the loan)
JPY 1,580,000
Registration tax (ownership)
JPY 450,000 – JPY 720,000
Registration tax (mortgage)
JPY 70,000 – JPY 290,000
Judicial scrivener fee
JPY 100,000 – JPY 200,000
Acquisition tax (paid after handover)
JPY 450,000 – JPY 900,000
Pro-rata property tax and fees
JPY 180,000 – JPY 270,000
Fire and earthquake insurance
JPY 130,000 – JPY 270,000
Stamp duty on the loan contract
JPY 60,000

When you pay

At the contract (deposit 5%, stamp duty, half the brokerage, etc.)
JPY 6,030,000≈ US$38,100
At settlement (the rest of your cash)
JPY 18,010,000 – JPY 19,270,000

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.

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

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

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

Adresia: 64.27 m², 2LDK on the 12th floor, facing southwest. 2 min walk to Akabane Station (JR Keihin-Tohoku Line); 2 min walk to Akabane Station (JR Saikyo Line). Built January 2006. Tenanted investment property; handover by consultation. The source reports rent of JPY 200,000 per month, or JPY 2,400,000 per year. Monthly costs: management fee JPY 11,190, repair reserve JPY 15,430, signal-interference reserve JPY 100 and bicycle-parking fee JPY 200, totaling JPY 26,920. Approximately 18.2-jo LDK, 6.0-jo and 5.0-jo bedrooms and an 11.90 m² southwest-facing balcony. Car parking costs JPY 24,000–30,000 per month; availability requires confirmation. Sale conditions include exemption from liability for contractual nonconformity, precedence of actual conditions and handover as is. Interior photographs are supplied by the original source and do not show the current tenancy situation.

Southwest-facingAuto-lock entranceDelivery boxElevatorFloor heatingDishwasherBathroom dryerBath reheating

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1-38-18 Akabanenishi, Kita, Tokyo

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