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Housing & Real Estate

4 Bdrm House for sale

$202,000 by David in Okinawa, 4 days ago
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4 Bdrm House for sale in Okinawa

Great investment opportunity!

Property Type: Single-family
4 Bdrm House for Sale

Annual % return (CASH ON CASH RETURN) 23.03%
Japan Tax Refund Projected Cash on Cash Returns* 53.33%

Annual Monthly Yen
Purchase Price $202,000 JPY22,422,000
Purchasing fees $12,120 JPY1,345,320
Total $214,120 JPY23,767,320
Total Down payment and Purchasing fee $42,420
15% deposit required $30,300 JPY3,363,300
85% loan required $171,700 JPY19,058,700
Total Loan and Deposit $202,000 JPY22,422,000
Gross Rent $24,000 $2,000 JPY2,664,000
Tenancy management fee (8% of rent) $1,920 $160 JPY213,120
Estimated costs (tax, ins, water, garbage) $4,040 $337 JPY448,440
Operating rental return $18,040 $1,503 JPY2,002,440
Capitalization Rate (Operating ROI) 8.93% -- 8.93%
Mortgage payment $11,061 0.00 JPY1,227,735
Net Cash $6,979 $1,503 JPY774,705
Rate of exchange ($1 = 111 Yen) 111
Rate of exchange ($1 = 111 Yen) TOTAL
JAPAN TAX BENEFITS * REFUND
Dollar (US) Yen Years Dollar (US)
Estimated Japan Tax Deduction $40,400 -- 4,484,400
ESTIMATED Japan tax refund Wood Structure. 16,160 -- 1,793,760 x 4 years $64,640
JPY 7,175,040
INVESTMENT ANALYSIS AMOUNT ROI
Gross Rent Margin (GRM) - US $24,000 8
Gross Return (表面利回り) - Japan $24,000 11.88%
CASH FLOW Projected Cash on Cash Returns $6,979 23.03%
Japan Tax Refund Projected Cash on Cash Returns $16,160 53.33%
Combined US & Japan Cash on Cash Return $23,139 76.37%

Contact for pics and PM sheet

Best regards
David
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