In this installment of the “what can you buy” series, by popular request we focus on investment properties at the budget-conscious price point of $50,000 (¥5,500,000).
Below the examples are answers to FAQs on buying a property as a foreigner in Japan.
Let’s take a look at some listings!
Investment Property For Sale in Osaka – Sakai City – 1K Studio Apartment – Est. Gross Yield of 9.6%
Location: 3-min walk from Sakai Station on the Nankai Main Line in Sakai-shi. Excellent location. About a 27-min direct ride to Kansai International Airport, about a 28-min direct ride to Osaka Station.
Price: $41,2000 (¥4,500,000)
Size and Layout: 18.27 m² (193-sqft) Studio (1R)
Floor: 10th-floor unit in a 10-story building (top floor)
Land rights: Freehold
Year Built: 1986, recently renovated
Structure: Reinforced concrete
Monthly Maintenance Fee: ¥8,390 / mth
Potential Annual Rent: ¥432,000 / year
Est. Gross Yield: 9.6%
Occupancy: Currently tenanted
Notes: Excellent location near a convenient station. Recently renovated. This is an exclusive listing by LINC Inc.
Investment Property For Sale in Ibaraki – Whole Building House – Est. Gross Yield 11.7%
Location: 25-min by car from Namegawa Station on the JR Narita Line. In a secluded neighborhood of Inashiki City, Ibaraki prefecture, population 43,000. About 34-km southwest of Tsukuba.
Price: $35,700 (¥3,900,000)
Size and Layout: 82.28 m² (882-sqft) whole-building house
Layout: 2-story house, 4-bedrooms, Japanese and western-style rooms
Land rights: Freehold
Year Built: 1994
Structure: Wood
Monthly Maintenance Fee: None
Potential Annual Rent: ¥456,000 / year
Est. Gross Yield: 9.6%
Occupancy: Currently tenanted
Notes: Covered parking space.
Investment Property For Sale in Yokohama – Two stops to Yokohama Station – Est. Gross Yield 9.4%
Location: 7-min walk from Nishi Yokohama Station on the Sotetsu Main line. Excellent location, one-stop to Yokohama Station.
Price: $50,300 (¥5,500,000)
Size and Layout: 16.50 m² (177-sqft) studio 1R
Floor: 4th-floor in 10-story building
Land rights: Freehold
Year Built: 1994
Structure: Not specified in agent’s listing
Monthly Maintenance Fee: ¥6,000 / mth, Repair Fund Fee ¥3000 mth
Potential Annual Rent: ¥516,000 / year
Est. Gross Yield: 9.4%
Occupancy: Currently tenanted
Notes: Great location. A/C installed, flooring, system kitchen, unit bath. Near 3 stations.
Investment Property For Sale in Fukuoka – One Stop to Hakata Station -Est. Gross Yield 8.7%
Location: 5-min walk from Higashi Hie Station on the Fukuoka City Subway Kūkō Line. Excellent location, one stop to Hakata Station.
Price: $44,400 (¥4,850,000)
Size and Layout: 20.80 m² (224-sqft) studio 1K apartment
Floor: 3rd-floor in 14-story building
Land rights: Freehold
Year Built: 1992
Structure: Not specified in agent’s listing
Monthly Maintenance Fee: ¥11,250 / mth
Potential Annual Rent: ¥420,000 / year
Est. Gross Yield: 8.7%
Occupancy: Currently tenanted
Notes: Well-maintained apartment with a nice view.
Investment Property For Sale in Tokyo – Adachi Ward – Est. Gross Yield 10.6%
Location: 6-min walk from Daishimae Station on the Tobu Daishi Line. Excellent for commuting to major hub stations like Nishi Arai (one stop), Kita Senju (13-min), about a 45-min commute to Tokyo Station.
Price: $53,900 (¥5,900,000)
Size and Layout: 18.50 m² (199-sqft) studio 1R apartment
Floor: 1st-floor in 7-story building
Land rights: Freehold
Year Built: 1988
Structure: Not specified in agent’s listing
Monthly Maintenance Fee: ¥9,500 / mth
Potential Annual Rent: ¥624,000 / year
Est. Gross Yield: 10.6%
Occupancy: Currently tenanted
Notes: Easy access to 2 stations.
FAQs About Buying Property in Japan
Can a foreigner buy property in Japan?
Yes. You can buy property in Japan regardless of your nationality or country of origin. There are also no residency requirements for buying real estate in Japan. Securing financing as a resident foreigner is more complicated. For info on financing, please see “Basic Requirements for Getting a Mortgage as a Foreigner in Japan“.
How do I get a property loan as a foreigner in Japan?
Please see this article for information on: Getting a property loan as a foreigner in Japan
What is the process for buying a property in Japan?
Please see our step-by-step guide: Guide to Property in Japan
See how much you can borrow and your monthly payments in yen: Yen Mortgage Loan Calculator
For information about purchase and brokerage fees: Breakdown of real estate purchase fees and taxes in Japan
Need to know: Earthquake building codes and technology in Japan
Bilingual Real Estate Agent in Tokyo Answers Your FAQs on Buying and Managing an Investment Property
How much is my property worth?
Real Estate Japan is pleased to offer free, no obligation appraisals for owners of property in Japan. Please click here and fill out the form: How much is my property worth?
7 situations when you should consider selling your investment property in Japan
Seminars on Buying Property in Japan
Please see our seminar page for a current list of seminars on: how to buy a home in Japan, investing in Japanese real estate for beginners, how to apply for permanent residency in Japan, how to sell property in Japan, and much more.