Ito Kawana 2LDK — Public Water, 3-Car Garage, Station 11 Min
¥6.3M, public water, garage for 3. Kawana Station 11 min walk. No private road. A rare clean-title STR setup in Izu's top-yield coastal market.
At ¥6.3M (US$42K), this 2LDK in Kawana offers a rare combination: public municipal water (公営水道), no private road burden, and a 3-car covered garage — the trifecta that separates financeable properties from problematic ones in the Izu coastal market. Kawana Station is an 11-minute walk (808m). The 96㎡ SE-facing 2-story layout is immediately liveable while renovation planning proceeds. AirROI 2025–2026 data shows Ito City records $272 ADR and $30,196 median annual revenue across 260 active listings — a market that grew 19% YoY. Total investment ¥12.9–19.2M with full renovation. Gross yield 35.0%, payback 2.9–4.3 years. Practical note: subject to landscape law regulations and land development control zone; confirm STR permit pathway before purchase. Three-car garage solves the perennial Izu parking problem for group bookings.
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 1977, pre-1981 seismic standard. Public water supply (公営水道) — municipally managed. No private road burden. 3-car covered garage. SE-facing orientation, all rooms with storage. Subject to landscape law regulations and land development control zone — confirm STR licensing with local authority. Full structural survey required.
Renovation estimate: ¥6.0M – ¥12.0M
Source: AirROI 2025–2026 · 260 active listings analysed
⚠ Minpaku Status: Requires Verification
Requires verification before purchase
- ⊙ 0.8km · 3minKawana Station (Izu Kyuko)
- · 1.5km · 4minKawana Beach
- ◻ 0.8km · 3minSupermarket (within 10 min walk)
- ♨ 4km · 10minIto Onsen Hot Spring Town
- · 14km · 25minIzu Kogen (Izu Kogen art & resort 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 1977 — pre-1981 seismic standard. Structural inspection critical.
- Acquisition costs: Budget +5–8% on top of purchase price (registration, agent fee, tax).