Bashamichi Room - Serigaya 4-Chome House

Bashamichi Room

Buy Property for Cross-Border Investment:

Serigaya 4-Chome House in Yokohama for ¥30,800,000 (3LDK with tenant)

Bashamichi Room Services for Overseas Buyers:

Setting up escrow account for purchasing processes, paying fees, paying rental income tax, receiving rent, and forwarding rent (minus taxes) to owner's overseas account.
Translation of contract documents, invoices, billing statements, etc.
Conducting purchase contract meeting via Zoom, Skype, etc., and interpreting discussed content with seller, seller's agent, and judicial scrivener.
Intermediary support between landlord and tenant.
Intermediary support between landlord and contractors for repairs, upgrades, etc.
Conduct tenant screening; processing rental contracts, lease renewals, lease termination requests, and move-out inspections.
Inspect vacant properties and pay utilities for owners not wanting to rent out their property (i.e. vacation-home use)

Serigaya 4-Chome House in Yokohama for ¥30,800,000 (3LDK with tenant)

Single-family detached house
3LDK / 1st floor = 30.78 m² / 2nd floor = 38.20 m² / Total of 68.98 m² / 86.52 m² lot / Building area ratio: 50% / Floor area ratio: 80% / Balconies facing southwest and southeast / Parking space for 2 cars (depending on size of car)
Built in October 2016 / Wooden structure / Electricity, city gas, municipal water and sewage
Land rights: Freehold
Google Maps Link HERE
Fully automatic bath, laundry drying heater, one lavatory, bidet, dishwasher, gas stovetop, and solar panels on roof.
Kaminagaya Station (Yokohama subway Blue Line): 15-minute walk or a 5-minute bus ride.

Listed price: ¥30,800,000

Brokerage fee + tax: ¥1,082,400

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: ¥32,340,000〜¥32,956,000

Gross Yield: 4.20%

Annual Rent Income: ¥1,320,000

* 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.

Inquire HERE using this contact form or call 045-663-2208 | 080-9511-7860

You can also email directly at robert@basyamichijisyo.com

(Closed Tuesday and Wednesdays | Hours 10:00 to 19:00)