Minamiashigara 4DK Akiya — ¥13M, Tsukahara Station, 6 min walk
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Minamiashigara 4DK Akiya — ¥13M, Tsukahara Station, 6 min walk

A 1972-built 4DK on 91.75 sqm of land in Minamiashigara, Kanagawa, sold as-is at ¥13M.

This 1972-built 4DK detached house is in Minamiashigara, Kanagawa (source listing address: 神奈川県南足柄市). It sits on 91.75 sqm of land with a 63.61 sqm building and is sold as-is. Access, as stated on the source listing: Izuhakone Railway Daiyuzan Line — Tsukahara Station, 6 min walk (伊豆箱根大雄山線「塚原」歩6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 Minamiashigara, roughly 8 km from Hakone, so treat those figures as a regional demand indicator for the surrounding market, not as this home's income.

$79,365 ≈ ¥13.0M @¥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.

Land91.75㎡
Building63.61㎡ · F
Layout4DK
Year Built1972
Nearest StationIzuhakone Railway Daiyuzan Line — Tsukahara Station, 6 min walk
Estimated ROI — based on area market averages
25.439.4%
Gross yield
(conservative–optimistic)
$45,698
Est. annual revenue
(168 days avg)
2.53.9
Years to full payback
(low–high investment)
Annual revenue ÷ total investment = 25% recovered per year
25%
Total investment: ¥19.0M – ¥29.5M  ·  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 D
Full Rebuild

The house dates to 1972, which places it under Japan's pre-1981 seismic standard, so a structural assessment and seismic retrofit should be priced in alongside the renovation. It carries a condition grade of D and is sold as-is, meaning a full gut renovation is required rather than cosmetic updating.

Renovation estimate: ¥5.0M – ¥15.0M

Structural inspection not yet conducted. An independent inspection is strongly recommended before purchase.
STR Market — Hakone area (reference; this property is in Minamiashigara)
$291
ADR · avg daily rate
46%
Occupancy · 168 days avg
$45,698
Est. annual revenue
Seasonal Demand
Jan
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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 Minamiashigara, Kanagawa (神奈川県南足柄市) — 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 1972 — pre-1981 seismic standard. Structural inspection critical.
  • i Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).
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