アザーレ・パッシオ矢向

横浜市鶴見区矢向6丁

JR Nambu Line, Yakō Station · 2 min walk

JPY 308,000,000

Professional facts

  • Ownership
    Freehold
  • Property type
    New entire apartment building
  • Land area
    203.16 m²
  • Building area
    319.56 m²
  • Structure / completion
    Three-story wood-frame, quasi-fire-resistant construction; Deterioration Resistance Grade 3 / March 2026
  • Unit mix
    15 × 1K; 18.70 m² each
  • Rent roll
    Unit rents of JPY 75,000–78,000/month plus JPY 4,000/month common fee for each unit
  • Zoning
    Category I Residential and Neighborhood Commercial
  • Utilities
    Public water, public sewer, and city gas
  • Building coverage ratio
    60% and 80%, respectively
  • Floor-area ratio
    160% and 240%, respectively
  • Gross yield
    4.77%
  • Projected gross monthly income
    JPY 1,226,000Includes common fees and JPY 20,000/month sign income.
  • Projected gross annual income
    JPY 14,712,000Gross projected income before property operating costs.
  • Occupancy
    Fully occupied at source-sheet capture
  • Asking price per building m²
    JPY 963,825/m²Asking price divided by the recorded area; not a land/building allocation.
    calculated
  • Asking price per land m²
    JPY 1,516,046/m²Asking price divided by the seller-sheet land area; not a land-only valuation.
    calculated
  • Asking price per unit
    Approximately JPY 20,533,333
  • Illustrative monthly payment
    JPY 943,048 / month35 years · 1.5% fixed · 100% of asking price · principal and interest only; not a financing quote.
    calculated

Kagura's View

This looks fairly priced on income rather than cheap. A 4.77% gross yield is reasonable for a brand-new, fully occupied building two minutes from Yakō, but the gross rent is only about JPY 283,000 a month above the 100%-financed payment illustration before any property expenses. The 4 m public road is straightforward. MLIT does not show a recent local closed building close enough in age, size, and use to justify calling the asking price below market.