Investment Opportunity in Sagamihara: A Renovated 5DK House with Strong Rental Yield
This property presents a compelling investment opportunity as an owner-change property in the quiet residential area of Sagamihara's Midori Ward, Kanagawa Prefecture. The house, built in December 1983, is a two-story wooden structure with a total floor area of 82.62㎡ (approximately 24.99 tsubo) on a land area of 114.44㎡ (approximately 34.61 tsubo). The layout is a spacious 5DK, consisting of three Japanese-style rooms (6, 6, and 7 tatami mats) and two Western-style rooms (6 and 4.5 tatami mats).
Critical agent notes have been translated and incorporated. The property is currently tenanted, generating a strong projected annual rental income of 540,000 yen, which results in a surface yield of 10.8%. Significant renovations have been completed recently: the roof was re-shingled in May 2024, and the kitchen and washbasin were replaced in September 2024. Additional interior renovations, including flooring and the dining-kitchen area, were finished in January 2024. Equipment includes a bathroom with a window, propane gas, electricity, and a septic tank. A special note mentions the property is located in a quiet residential neighborhood. A remark provides important transportation context: while the property is about a 33-minute bus ride from Hashimoto Station, followed by a 6-minute bus transfer and a 3-minute walk, it is crucial to note that the Kanachu bus routes serving the Aonohara and Aone areas are scheduled to be phased out between March 2026 and March 2027. As an alternative, a shared taxi demonstration operation is set to begin sequentially from October 2025.
The area of Sagamihara, part of the Greater Tokyo region, offers a blend of urban convenience and natural greenery. An interesting local fact is that Sagamihara is home to the Japan Self-Defense Forces' Camp Asaka and other military facilities, contributing to its local economy. For recreation and tourism, residents and visitors can enjoy the natural surroundings, with the closest major landmark being the scenic Tanzawa-Oyama Quasi-National Park, a popular destination for hiking and outdoor activities located to the west of the city.
