Second link is a similar size, albeit 10 year older home, in Setagaya Ward (a very desirable neighborhood), but still "only $1.2M. https://www.homes.co.jp/kodate...https://www.homes.co.jp/kodate...(2) Age. 

It's a far better starting point for a new investor slowly growing a portfolio.You can learn more about that here on a Bigger Pocket Podcasts and here, and here is an article on it too. 

I recently read in Forbes that investing near growing transit hubs can offer great appreciation potential.

There are definitely faster ways to grow your portfolio fully utilizing debt.

Investors are particularly interested in properties near major universities, as they offer stable and growing returns.

Some investors are comfortable buying for appreciation or with the expectation that rents will grow at a faster pace.

The debt to rent income is fantastic, but I understand if the city is not growing.

show my age?)

I chose to invest in 1272 Lakins Rd, Etna, due to its potential in a growing market.

I do agree that I think they're having growing pains, but unfortunately that isn't the kind of thing I can afford to just accept when I'm choosing a company to go with.