1260 Richard Ln APT 405HonoluluHI96819
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1260 Richard Ln APT 405, Honolulu, HI, 96819 in Honolulu: $2,364/mo in rent, $684/mo in net income, 9.62% gross yield, 1.78 DSCR, all at $295,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $81,503 in appreciation and $2,717/yr in principal paydown projects total cumulative return of $111,954.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 4.2% |
| Monthly Cash Flow | $684 | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,364 |
| Total Monthly Debt Service | $2,284 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96819, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,399 (100%) |
| Owner Occupied HU | 5,893 (40.9%) |
| Renter Occupied HU | 7,660 (53.2%) |
| Vacant Housing Units | 846 ( 5.9%) |
| Median Home Value | $1,129,827 |
| Average Home Value | $1,099,212 |
Housing Distribution
Address Breakdown
Residential
10,580
Single Family
8,208
Multi-Family
2,372
Businesses
1,903
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 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96819, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,399 (100%) |
| Owner Occupied HU | 5,893 (40.9%) |
| Renter Occupied HU | 7,660 (53.2%) |
| Vacant Housing Units | 846 ( 5.9%) |
| Median Home Value | $1,129,827 |
| Average Home Value | $1,099,212 |
Housing Distribution
Address Breakdown
Residential
10,580
Single Family
8,208
Multi-Family
2,372
Businesses
1,903
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glenda R Somera • Keller Williams Honolulu
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202428193
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-02-22 23:13:55 PST. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd