Entry Nishikatsura, Yamanashi

Nishikatsura 4K Akiya — ¥4M, Mitsutoge Station, 10 min walk

A 1967-built 4K on 323.9 sqm of land in Nishikatsura, Yamanashi, sold as-is at ¥4M.

This 1967-built 4K detached house is in Nishikatsura, Yamanashi (source listing address: 山梨県南都留郡西桂町). It sits on 323.9 sqm of land with a 93.52 sqm building and is sold as-is. Access, as stated on the source listing: Fujikyuko Line — Mitsutoge Station, 10 min walk (富士急行「三つ峠」歩10分). For short-term-rental context we quote the Fujikawaguchiko area benchmark — 471 tracked listings, $241 average daily rate, 49.8% occupancy, $41,581 average annual revenue (AirROI 2025–2026). This property is in Nishikatsura, roughly 9 km from Fujikawaguchiko, so treat those figures as a regional demand indicator for the surrounding market, not as this home's income.

$24,420 ≈ ¥4.0M @¥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.

Land323.9㎡

Building93.52㎡ · F

Layout4K

Year Built1967

Nearest StationFujikyuko Line — Mitsutoge Station, 10 min walk

Estimated ROI — based on area market averages

33.7–70.1%

Gross yield
(conservative–optimistic)

$41,581

Est. annual revenue
(182 days avg)

1.4–3.0

Years to full payback
(low–high investment)

Annual revenue ÷ total investment = 34% recovered per year

34%

Total investment: ¥9.7M – ¥20.2M · purchase + renovation + setup fees

Based on area averages from AirROI 2025–2026 (471 active listings). Not financial advice. Actual revenue depends on occupancy, management costs, and STR permit status.

Grade D

Full Rebuild

Built in 1967, the building predates Japan's 1981 seismic code (pre-1981 standard) and carries a condition grade of D. It is sold as-is and needs a full gut renovation, so a structural and seismic assessment should be part of your due diligence.

Renovation estimate: ¥5.0M – ¥15.0M

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

STR Market — Fujikawaguchiko area (reference; this property is in Nishikatsura)

$241

ADR · avg daily rate

49.8%

Occupancy · 182 days avg

$41,581

Est. annual revenue

Seasonal Demand

Jan

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Source: AirROI 2025–2026 · 471 active listings analysed

⚠ Minpaku Status: Requires Verification

Requires verification before purchase

Approximate location. The pin marks the centre of Nishikatsura, Yamanashi (山梨県南都留郡西桂町) — 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 1967 — 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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