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Yugawara 3LDK Akiya — ¥12M, Manazuru Station, 21 min walk

A 1989-built 3LDK on 135.24 sqm of land in Yugawara, Kanagawa, sold as-is at ¥12M.

This 1989-built 3LDK detached house is in Yugawara, Kanagawa (source listing address: 神奈川県足柄下郡湯河原町). It sits on 135.24 sqm of land with a 91.49 sqm building and is sold as-is. Access, as stated on the source listing: JR Tokaido Main Line — Manazuru Station, 21 min walk (ＪＲ東海道本線「真鶴」歩21分). For short-term-rental context we quote the Hakone area benchmark — 323 tracked listings, $291 average daily rate, 46.0% occupancy, $45,698 average annual revenue (AirROI 2025–2026). This property is in Yugawara, roughly 9 km from Hakone, so treat those figures as a regional demand indicator for the surrounding market, not as this home's income.

$73,260 ≈ ¥12.0M @¥163.8/USD · as of 2026-07-24

⚠

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.

Land135.24㎡

Building91.49㎡ · F

Layout3LDK

Year Built1989

Nearest StationJR Tokaido Main Line — Manazuru Station, 21 min walk

Estimated ROI — based on area market averages

42.9–53.6%

Gross yield
(conservative–optimistic)

$45,698

Est. annual revenue
(168 days avg)

1.9–2.3

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 43% recovered per year

43%

Total investment: ¥14.0M – ¥17.5M · purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (323 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade C

Renovation Required

The house dates to 1989 and meets the post-1981 seismic standard, offering a stronger structural baseline than older pre-1981 stock. It carries a condition grade of C and is sold as-is, with partial renovation required to bring it to rental-ready standard.

Renovation estimate: ¥1.0M – ¥4.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.

STR Market — Hakone area (reference; this property is in Yugawara)

$291

ADR · avg daily rate

46%

Occupancy · 168 days avg

$45,698

Est. annual revenue

Seasonal Demand

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Source: AirROI 2025–2026 · 323 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Approximate location. The pin marks the centre of Yugawara, Kanagawa (神奈川県足柄下郡湯河原町) — the municipality stated on the source listing. The street address is not published; we disclose it by email once you enquire.

Investor Due Diligence Checklist

⚠ Minpaku (STR) permit — Requires pre-purchase verification with municipal office
⚠ Structural inspection — Not yet conducted. Recommend independent inspection (¥50k–¥100k) before purchase.
i Land rights: Confirm ownership vs. leasehold (借地権). Leasehold affects resale value and mortgage eligibility.
i 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 1989 — post-1981 new seismic standard (新耐震)
i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).

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