Tsumagoi 2LDK Renovated April 2026 — ¥2.9M, Carport, Post-Seismic
Renovated April 2026 — walls, floors, roof, plumbing all refreshed. ¥2.9M 2LDK with carport. Tsumagoi: $294 ADR, $31K median revenue, 25 min from Kusatsu Onsen.
At ¥2.9M (US$19K) with a comprehensive renovation completed in April 2026 — walls, floors, roof, plumbing — this 2LDK in Tsumagoi's Kamahara district is the closest to move-in-ready in the dataset. Tsumagoi Village is the highland plateau between Kusatsu Onsen (Japan's #1-ranked hot spring by volume, 30 min drive) and Manza Onsen (18 min). AirROI 2025–2026 records $294 ADR and $31,873 median annual revenue for 111 Tsumagoi Airbnb properties. Total STR investment ¥5.6–7.8M (renovation done — STR setup only). Gross yield 85.1%, payback 1.2–1.6 years — the highest yield in the dataset. Practical notes: private water system (私設水道) with ¥300,000 name-transfer fee; septic tank; 14km from Manza-Kazahara Station by car. The Tsumagoi market runs pronounced seasonal swings (August peak, April low) — cash reserves of 3 months' revenue recommended.
Minpaku (short-term rental) status not confirmed. Verify with the municipal office and your agent before completing purchase. STR operation may be restricted to 180 days/yr or prohibited.
(conservative–optimistic)
(118 days avg)
(low–high investment)
Built June 1983, post-new-seismic standard. Full cosmetic renovation completed April 2026: water fixtures, toilet, interior walls, flooring, exterior and roofing. Private water supply (私設水道, ¥300,000 name-transfer fee). Individual septic tank. 5m south-facing public road, no private road burden. Carport for 1 vehicle. BCR 20% / FAR 40% on 330㎡. Outside urban planning area.
Renovation estimate: ¥2.0M – ¥4.0M
Source: AirROI 2025–2026 · 111 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- ♨ 22km · 30minKusatsu Onsen (Japan's #1 hot spring)
- ♨ 12km · 18minManza Onsen
- ⊙ 14km · 20minManza-Kazahara Station (JR)
- · 3km · 5minTsumagoi Kogen Cabbage Farms (summer tourist spot)
- ⛷ 10km · 15minManza Prince Hotel Ski Area
- Minpaku (STR) permit — Requires pre-purchase verification with municipal office
- Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
- Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
- Utilities: Verify water supply (public / well), sewage (公共下水 vs. 浄化槽), gas (city gas / propane — propane is 2–3× higher cost).
- Earthquake resistance: Built 1983 — post-1981 new seismic standard (新耐震)
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).