1088 Bishop St APT 204HonoluluHI96813
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1088 Bishop St APT 204, Honolulu, HI, 96813 in Honolulu is a top-tier cash-flow asset. At $285,000 it produces $2,846/mo in rent and $1,008/mo in net monthly income, a 11.98% gross rental yield. The DSCR of 2.22 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $12,091. Five-year appreciation adds $78,740, driving a total cumulative return of $96,491.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 4.2% |
| Monthly Cash Flow | $1,008 | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,846 |
| Total Monthly Debt Service | $3,004 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96813, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,305 (100%) |
| Owner Occupied HU | 7,847 (45.3%) |
| Renter Occupied HU | 8,101 (46.8%) |
| Vacant Housing Units | 1,357 ( 7.8%) |
| Median Home Value | $891,444 |
| Average Home Value | $987,180 |
Housing Distribution
Address Breakdown
Residential
13,983
Single Family
3,531
Multi-Family
10,452
Businesses
3,031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96813, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,305 (100%) |
| Owner Occupied HU | 7,847 (45.3%) |
| Renter Occupied HU | 8,101 (46.8%) |
| Vacant Housing Units | 1,357 ( 7.8%) |
| Median Home Value | $891,444 |
| Average Home Value | $987,180 |
Housing Distribution
Address Breakdown
Residential
13,983
Single Family
3,531
Multi-Family
10,452
Businesses
3,031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Doo Van Rafelghem • BHGRE Advantage Realty
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202506621
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-03-24 11:04:39 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd