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Akiya in Kinokawa, Wakayama
$18,985For sale
¥3,000,000 · Built 1978 (48 yrs)

5DK Akiya in Kinokawa, Wakayama

Building
113.51 m²
Land
163.93 m²
Size
34.3 坪
Layout
5DK
Access
JR 和歌山 Line 名手 Stn / 3 min by car
Address
和歌山県紀の川市名手市場

Description

紀の川市空き家バンクの利用登録が必要です.

View original listing on the akiya bank ↗

出典:全国版空き家・空き地バンク(アットホーム運営)

Location

Approximate location (street-level geocoded via 国土地理院). 和歌山県紀の川市名手市場

Investment snapshot

An indicative long-term rental estimate — to compare listings, not an appraisal.

Est. monthly rent
¥68,000
≈ $430/mo
Est. annual rent
¥816,000
≈ $5,164/yr
Gross yield (post-reno)
6.8%
solid
⚠ At this price the property almost certainly needs major renovation before it can rent — the yield above already folds in an estimated renovation budget. The raw price-only yield would look far higher but isn't achievable until that work is done.

Basis: 113.51m² × ¥1000/m²/mo × 0.6 age factor (Wakayama) + ¥9M est. renovation. Gross yield = annual rent ÷ (price + est. renovation), before tax, vacancy, and management. Regional rent rates are conservative order-of-magnitude medians (public rent surveys), not a guarantee — rural demand can be thin. Always validate locally before relying on any figure.

Hazard & due diligence

Japan has real flood, landslide, and earthquake exposure that varies street by street. Check the official government hazard maps for this exact location before buying.

Sources: 重ねるハザードマップ (国土地理院) · J-SHIS (防災科研). Always confirm with the seller and municipality.