|
実質利回り確保のための表面利回り |
実質利回り(借入金利率+8%)確保のための表面利回り一覧表
|
借入金利率 |
2% |
2.25% |
2.50% |
2.75% |
3% |
3.50% |
4% |
4.50% |
5.00% |
|
必要な実質利回り |
10.00% |
10.25% |
10.50% |
10.75% |
11.00% |
11.50% |
12.00% |
12.50% |
13.00% |
上記表は、ただ単に借入金利率に安全率8%上乗せした値。
|
空室率＋管理費 合計 |
実質利回り(借入金利率＋8%)確保のための表面利回り |
||||||||
|
5% |
10.53% |
10.79% |
11.05% |
11.32% |
11.58% |
12.11% |
12.63% |
13.16% |
13.68% |
|
10% |
11.11% |
11.39% |
11.67% |
11.94% |
12.22% |
12.78% |
13.33% |
13.89% |
14.44% |
|
15% |
11.76% |
12.06% |
12.35% |
12.65% |
12.94% |
13.53% |
14.12% |
14.71% |
15.29% |
|
20% |
12.50% |
12.81% |
13.13% |
13.44% |
13.75% |
14.38% |
15.00% |
15.63% |
16.25% |
|
25% |
13.33% |
13.67% |
14.00% |
14.33% |
14.67% |
15.33% |
16.00% |
16.67% |
17.33% |
|
30% |
14.29% |
14.64% |
15.00% |
15.36% |
15.71% |
16.43% |
17.14% |
17.86% |
18.57% |
|
35% |
15.38% |
15.77% |
16.15% |
16.54% |
16.92% |
17.69% |
18.46% |
19.23% |
20.00% |
|
40% |
16.67% |
17.08% |
17.50% |
17.92% |
18.33% |
19.17% |
20.00% |
20.83% |
21.67% |
表面利回り = 実質利回り(借入金利率+8%)÷{1-(空室率＋管理費)}
例えば、空室率20%、管理費5%、借入金利率3%だと
表面利回り=11%÷(1-0.25)=14.66%
つまり、上記条件では表面利回りは14.66%以上無いとお宝不動産ではない事を意味する。
参考文献
沢孝史「お宝不動産」で金持ちになる！筑摩書房(2004)
Copyright (C) 2004- Keisuke ABE. All Rights Reserved.