Exceel Isezaki 4F for  ¥8,650,000 (1R Studio Flat with Tenant)

Your ideal tenant will be a young working professional or student needing easy access to Tokyo, Kawasaki, or Yokohama via the JR Negishi Line or Yokohama municipal subway Blue Line.
Buying a condo is a simple straightforward process regardless of whether you currently live overseas, work or study in Japan, or have permanent residency. As long as you have the funds, there are no restrictions for non-Japanese property owners. 

SOLD: 1K Studio Apartment in Yokohama @ ¥8,650,000 

Running Costs:

Listed price: ¥8,650,000 (Negotiable)

Brokerage fee total (including tax): ¥351,450

Stamp tax: ¥10,000

Real estate registration tax (approximate): 2% of asset value*

Fixed asset tax: 1.4% of total asset value:*

City planning tax: 0.3% of total asset value*

Approximate Total Cost: ¥9,169,000¥9,255,500*

Potential annual rental income: ¥696,000 (based on contract of current tenant).

Gross yield: 8.04%

* Total cost of ancillary taxes and fees will be between 6% and 7% of the listed price. Asset Value, which can fluctuate on a yearly basis, is substantially lower than the listed Market Value. Actual tax is calculated annually by local legal affairs bureau once a year. Exact amount of tax is not known until the municipality sends out the tax bills at the end of the fiscal year.

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