Glossary
Hyomen-rimawari (gross yield)
Hyomen-rimawari is the gross yield on every Japanese listing — annual rent over price, with zero costs and 100% occupancy assumed.
This is the headline yield number on every Japanese investment listing, and it's built to flatter the seller. It takes annual rent at full current rent, assumes 100% occupancy, divides by the asking price, and stops there — no vacancy, no property tax, no management fees, no building reserve, no repairs. A '9% hyomen rimawari' listing routinely delivers a real-world net closer to half that. It's not a lie, it's just the most generous framing possible, and foreign buyers who don't know to discount it consistently overpay. Treat hyomen-rimawari as a marketing number, not a return, and always rebuild it into jisshitsu-rimawari (net yield) before you make an offer.