Bidding Duration: October 1, 2009 to October 8, 2009
((Monthly rental fee = 36,000 JPY x 12) / 2,240,000 JPY ) x 100 = 19%
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Nearest station from the foreclosed property:
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Nearest station from the foreclosed property:
Seibu shinjuku line sayamashi station (西武新宿線 狭山市駅) - 0.3 Kilometers
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PROPERTY DETAILS:
PROPERTY DETAILS:
Standard Clearance price: 1,640,000 JPY
Category: Apartment
Room No.: 312
Floor Area.: 19.39 square meters
Property location no.:
Sayama city irumagawa (狭山市入間川二丁目 2663番地10、2662番地)
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FACTS ABOUT THIS PROPERTY:
This apartment room is used for employee rental purpose. The company leased this room and rented-out to its employee in a discounted amount. This kind of incentive is given to a highly-skilled employees of a Company. In this case, that company rented this room, the possibility of debt to the owner is very low.
For the breakdown formula of estimated yield/ return-on-investment:
1) Monthly net rental fee: JPY 36,000 x 12 months
(JPY 50,000 - JPY 14,000 property management)
2) Standard Clearance price: JPY 1,640,000
3) Debt and maintenance: JPY 600,000
Expected yield/ ROI: 19% ( No.1 / (No.2 + No.3 ) x 100).
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