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Mizushima Int'l. Co. Ltd. is highly committed to give customer satisfaction throughout the bidding and purchasing cycle of foreclosed properties. Since we are only two businessmen who do all the tasks, We operate our company in more practical and less-expensive way. Our customer's don't need to bother on administrative fees and staffing fees. We would like to cut the unnecessary expenses as much as possible. Enjoy Our minimum service fee of JPY 250,000 (research and coordination fee) + 6% of the property purchase amount.
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Apartment in Fujimino City, Saitama Prefecture

Labels:
Bidding Duration: October 1, 2009 to October 8, 2009
((Monthly rental fee = 40,000 JPY x 12) / 3,700,000 JPY ) x 100 = 12%
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Nearest station from the foreclosed property:
Tobu tojo line fujimino station (東武東上線　ふじみ野駅) 1.28 Kilometers.
Other nearest stations:
東武東上線　上福岡駅　南方 - 1.07 Kilometers
東武東上線　鶴瀬駅　北西方 - 3.04 Kilometers
東武東上線　新河岸駅　南東方 - 3.33 Kilometers
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PROPERTY DETAILS:
Standard Clearance price: 2,640,000 JPY
Category: Apartment
Room No.: 101 (3LDK type)
Floor No.: 1st floor, with 67.04 square meters
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FACTS ABOUT THIS PROPERTY:
This apartment is located at Fujimino City, Saitama Prefecture. This kind of property is popular because express trains stop on the nearest station. The monthly property management cost is JPY 21,680.
During the inspection of Court Office, it was discovered that the former owner was died on the property. But, it is not a suicidal nor a murder cause of death. In this case, when this property is open for lease the rent fee will become lower. Therefore, only few interested bidders will tender their bid on this kind of property. If the winning bid is low, there is a possibility for good return-on-investment. It doesn't mean that now the rental fee is low, it will continue for long time. The rent fee might goes up in the long run.
For the breakdown formula of estimated yield/ return-on-investment:
1) Monthly net rental fee: JPY 40,000 x 12 months
(JPY 60,000 - JPY 20,000 property management)
2) Possible winning bid amount: JPY 2,200,000
3) Debt and maintenance: JPY 1,000,000
4) Renovation cost: JPY 500,000
Expected yield/ ROI: 12% ( No.1 / (No.2 + No. 3 + No. 4) x 100).
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PICTURE


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