Entry Narusawa, Yamanashi

Narusawa 2LDK Akiya — ¥3.9M, Kawaguchiko Station, 10 km by car

A 1975-built 2LDK on 400.0 sqm of land in Narusawa, Yamanashi, sold as-is at ¥3.9M.

This 1975-built 2LDK detached house is in Narusawa, Yamanashi (source listing address: 山梨県南都留郡鳴沢村). It sits on 400.0 sqm of land with a 0.53 sqm building and is sold as-is. Access, as stated on the source listing: Fujikyuko Line — Kawaguchiko Station, 10 km by car (富士急行「河口湖」車10km). 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 Narusawa, roughly 5 km from Fujikawaguchiko, so treat those figures as a regional demand indicator for the surrounding market, not as this home's income.

$23,810 ≈ ¥3.9M @¥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.

Land400㎡

Building0.53㎡ · F

Layout2LDK

Year Built1975

Nearest StationFujikyuko Line — Kawaguchiko Station, 10 km by car

Estimated ROI — based on area market averages

33.9–70.8%

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: ¥9.6M – ¥20.1M · 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 1975 to Japan's pre-1981 seismic standard, the property carries a condition grade of D and requires a full gut renovation throughout. Buyers should factor seismic reinforcement into their renovation budget and scope of work.

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 Narusawa)

$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 Narusawa, Yamanashi (山梨県南都留郡鳴沢村) — 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 1975 — 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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