1388 Kapiolani Blvd #2209HonoluluHI96814
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1388 Kapiolani Blvd #2209, Honolulu, HI, 96814 in Honolulu. Rental yield 3.9%. At $950,000 with 3.9% gross yield, current distributions are modest, but the 5% appreciation rate projects $262,467 in new equity by year five, complemented by $8,750/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.72) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $126,615.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 4.2% |
| Monthly Cash Flow | $(3,691) | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,090 |
| Total Monthly Debt Service | $6,403 |
| DSCR Ratio | 0.48x |
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 2021
N/A lot
$N/A/sqft
$1,371 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 2021
N/A lot
$N/A/sqft
$1,371 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: Adrienne W Lally • Keller Williams Honolulu
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202511186
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-10-15 04:59:45 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd