Quarter one 2018 property round up
The best of 2018 quarter 1 property in Japan.
If you haven’t joined us on LinkedIn yet, please do. The LinkedIn group is called Japanese Investment Properties and every day we post the best investment property we can find. Our criteria are very simple, high returns, great location and already tenanted for instant cash flow.
Coming up to the last week in March, the last week of the first quarter in 2018, we review the best three properties we found. Join us on LinkedIn Japanese Investment Properties to access daily deals like these.
Property Number One
This is a great investment property. Recently renovated, 4 minutes from the station and returning 8.2% net!!! This will not stay on the market for long. Built in 1977, 21 square meters, on the 2nd of 4 floors. One of 32 south facing bright 1 room apartments. Annual income is ¥540,000, low monthly charges of ¥8,455 and annual land taxes of ¥24,300. All for an asking price of ¥5 million.
Property Number Two
Brand new building in Tokyo
A brand new building, just completed in November 2017. A wood frame building built on a corner plot in Tokyo with 10 apartments. 8 minutes walk to the nearest station, a must for Japanese tenants. The ground floor has five 17 square meter apartments and the second floor has five 17 square meter apartments with 5 square meter loft space. The building already has 9 apartments filled and the last one is under offer. With an asking price of ¥114 million yen and an annual income of ¥7.4 million, who ever purchases this apartment will enjoy 6.5% returns and limited maintenance due to the high construction standards in Japan.
Property Number Three
Bargain property in Fukuoka
Once in a while, they come along. This one is in Fukuoka and the asking price is a mere ¥2,800,000 or US$26,000 according to xe.com! Built in 1987, this top floor apartment, the 7th floor has an annual income of ¥344,400 and monthly charges of ¥10,650 giving a gross ROI of 12.3% and a net of 6.9%.
Let us know how we can help you, single lets or buildings in Tokyo, Kobe, Osaka, Fukuoka, Sapporo or anywhere in Japan. Contact JPI today.