Free Tool
Japan Rental Yield Calculator
Estimate gross, net, and effective-on-cost yield for a Japanese rental property, plus annual cashflow and payback period.
Property & rent
All amounts in JPY. Defaults are conservative; adjust to match your case.
Operating assumptions
Acquisition tax, registration, agent commission, scrivener etc. — see the cost calculator.
Yields
Gross yield (表面利回り)
4.32%
Annual rent ÷ price. Listing portals quote this.
Net yield (実質利回り)
2.63%
(Effective rent − operating expenses) ÷ price.
Effective yield on cost
2.46%
Net annual income ÷ (price + upfront costs).
Annual income
- Gross annual rent
- ¥2,160,000
- Effective rent after vacancy
- ¥2,052,000
Annual expenses
- Management fee
- ¥102,600
- Maintenance reserve
- ¥102,600
- Property tax
- ¥500,000
- Insurance
- ¥30,000
- Total expenses
- ¥735,200
Net cashflow
- Annual net income
- ¥1,316,800
- Monthly net income
- ¥109,733
Summary
- Estimated upfront costs
- ¥3,500,000
- Total invested (price + upfront)
- ¥53,500,000
- Payback period (years)
- 40.6
- 10-year cumulative net
- ¥13,168,000
How to read this
- Gross yield is the headline number on listings. Net yield, after vacancy, management, maintenance and tax, is what you actually pocket.
- These numbers assume flat rent and expenses. Real returns shift with vacancy, rent reviews, and reserve drawdowns.
- For Japanese tax on rental income (and 20.42% withholding for non-resident landlords), see the property tax guide.
- This calculator is for planning only, not investment advice.