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Rather than choosing an acceptable net yield after seeing the deal, set the hurdle first and work backwards. For illustration, a 3% net yield requires ₩34,770,000 of annual net income. Against ₩40,116,000 gross rent, that leaves only ₩5,346,000 for every recurring cost and vacancy allowance...

I’d actually worry more about supply and rent durability than one underestimated expense. Maintenance can be given a larger reserve; weak demand affects both rent and exit value. Run cases with lower rent, a longer vacancy between tenants and recurring turnover. If the deal stops working under a...

A major missing fact is the lease structure. Does the ₩3,343,000 monthly rent come with a tenant deposit, and how large is it? The deposit can change the economics and cash requirements, so monthly rent alone is not enough for a comparison. I’d also verify that the quoted rent is achievable for...