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Akiya in Oshu, Iwate
$36,704For sale
¥5,800,000 · Built 1976 (50 yrs)

5DK Akiya in Oshu, Iwate

Building
118.95 m²
Land
248 m²
Size
36 坪
Layout
5DK
Access
JR Tohoku Shinkansen 水沢江刺 Stn / 13 min by car
Address
岩手県奥州市水沢西上野町

Description

宅地造成等工事規制区域に指定されています. 建築確認を伴う増改築は調査報告が必要になります. (建替えの場合は不要)

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). 岩手県奥州市水沢西上野町

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)
5.3%
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: 118.95m² × ¥950/m²/mo × 0.6 age factor (Iwate) + ¥10M 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.