31/01/2023
Hello! Today I have listed for sale one of my first rental units I purchased in Okinawa. It is listed for the locals on a few sites, but wanted to paste it here as some of you have asked me in the past about the units I have, and how to get into property investing in Japan.
This unit is base inspected for 180,000 and has been rented at an average of 155,000 over the past 5 years. At 15,500,000 that is a gross yield 12% ROI. Net 9.6%. Location is great as it is 5-8 minutes from Kadena Gate 2, perfect for single E-4/E5 who just wants to be close to work.
This is based off a cash price, however with bank loan, you can finance. Japanese spouse, or if you are a resident with 2-3 years of income 7,000,000+ you can qualify yourself at most banks.
Question I usually get is, can I do this if I am SOFA? Yes you can, just need to be in a position to pay cash, or have a local spouse that can get approved for a bank loan. The ROI is of course different with a bank loan, as you would need to deduct your mortgage from the rent you receive to see how well you are doing.
Given the yen rate, the cash USD price is just under 120K. It is being represented by Star Housing. Comment or PM me if you would like me to get you in touch with an agent for a viewing. Here is a link to the VR tour:
https://my.matterport.com/show/?m=PL76gZdxx4D&fbclid=IwAR1WGk9JsJrwkztJTKrG3eFvNNVwh9OFrwMtwRib9vGxEMSk6cbIjWwNqIk
Here is the link on E-Uchina:
https://www.e-uchina.net/bukken/mansion/m-6508-8230131-0654/detail.html
Some of you might ask why I would sell if this a great investment. My plan is to take the proceeds from this and some other funds to get a house and continue investing. This a great starter property for anyone who is looking to get into this out here.
Thanks for looking!
コートヴィレッジ住吉 / 沖縄市住吉2丁目 / 3LDKの売買マンション情報です。沖縄市住吉でマンション(新築・中古)を購入するなら、沖縄生まれ、沖縄育ち! 不動産情報満載のうちなーらいふにお任せください。
