1189 Waimanu St APT 3502HonoluluHI96814
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.61% gross rental yield, 1189 Waimanu St APT 3502, Honolulu, HI, 96814 in Honolulu is priced for capital growth, not immediate cash flow. The $1,490,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $411,660 by year five, with $13,723/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.04) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $349,009.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 4.2% |
| Monthly Cash Flow | $(3,437) | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,970 |
| Total Monthly Debt Service | $9,813 |
| DSCR Ratio | 0.71x |
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 2015
N/A lot
$N/A/sqft
$1,431 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96814, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,948 (100%) |
| Owner Occupied HU | 5,798 (34.2%) |
| Renter Occupied HU | 8,499 (50.1%) |
| Vacant Housing Units | 2,651 (15.6%) |
| Median Home Value | $894,916 |
| Average Home Value | $1,001,990 |
Housing Distribution
Address Breakdown
Residential
16,953
Single Family
417
Multi-Family
16,536
Businesses
2,501
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 2015
N/A lot
$N/A/sqft
$1,431 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96814, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,948 (100%) |
| Owner Occupied HU | 5,798 (34.2%) |
| Renter Occupied HU | 8,499 (50.1%) |
| Vacant Housing Units | 2,651 (15.6%) |
| Median Home Value | $894,916 |
| Average Home Value | $1,001,990 |
Housing Distribution
Address Breakdown
Residential
16,953
Single Family
417
Multi-Family
16,536
Businesses
2,501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miki Kanda • Coldwell Banker Realty
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202509340
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-04-30 09:42:39 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd