printout House: Toyokawa, Aichi

Asset type
House
Yield
17.3%
Rank
★★☆☆☆
To the bid due35 days left

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Base bid price 8,710,000yen You can bid above 6,968,000yen
To the bid due 35 days left

Location

Location Toyokawa, Aichi
Traffic access on report(japanese) 名鉄名古屋本線「伊奈」駅 北方 道路距離 約950m
Reference(japanese) 名鉄名古屋本線 小田渕駅 南東方 0.78km JR東海道本線 西小坂井駅 北方 1.52km JR飯田線 小坂井駅 北西方 1.74km

Property data

Type Land(Farm) Property number 1
Registered category Farm Actual category Residential land
Registered area 49m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 167.45m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 3
Building number 83-1
Registered type Residence Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 90.15m2,2F 73.97m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2005/11

Numerical data

Cap rate 17.3% Area 164㎡
Gross yield 23.8% Base bid price 8,710,000yen
Lease demand 15 / 25pt Minimum bid price 6,968,000yen
Ratio of years passed
to depreciable years
81% Earnest money deposit 1,742,000yen

Court data

Case number 2023(M)55 Announced 2024/03/19
Court Nagoya District Court (Toyohashi) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/06/05 ~ 2024/06/12
Farm land Result 2024/06/19
Sale decision 2024/07/31 Special sale 2024/06/26 ~ 2024/06/26
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Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 8710000yen in court auction is the same as buying the asset out of court auction at 8100000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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