Kagura's View
At JPY 390,102/m², the ask is 14% above the JPY 343,144/m² median of 6 matched MLIT closed sales in 南水元. On that evidence, the price looks full but defensible. The source states a 6.3% gross yield and about JPY 1,792,110 in monthly gross income, equal to 1.73x the 35-year payment illustration before tax and operating costs. 866.44 m² of building on 469.61 m² of land and 常磐緩行線 · 金町 Station · 18 min walk are the main property-specific positives. The recorded frontage is Public road · east side · 20 m wide · 2.73 m frontage; Public road · north side · 6 m wide · 33.09 m frontage; Public road · south side · 32.69 m frontage.