1511 Nuuanu Ave APT 531HonoluluHI96817
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1511 Nuuanu Ave APT 531, Honolulu, HI, 96817 in Honolulu. At $295,000 it earns $2,311/mo in rent and distributes $631/mo to the owner after the $1,398/mo payment, a consistent 9.4% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $81,503 in value; $2,473/yr in principal paydown compounds ownership stake. Total projected return: $85,175.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 4.2% |
| Monthly Cash Flow | $631 | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,311 |
| Total Monthly Debt Service | $2,653 |
| DSCR Ratio | 0.87x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96817, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,811 (100%) |
| Owner Occupied HU | 7,664 (36.8%) |
| Renter Occupied HU | 11,645 (56.0%) |
| Vacant Housing Units | 1,502 ( 7.2%) |
| Median Home Value | $1,218,631 |
| Average Home Value | $1,198,947 |
Housing Distribution
Address Breakdown
Residential
19,251
Single Family
9,077
Multi-Family
10,174
Businesses
2,596
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Barry D Kaplan • Savio Realty Ltd.
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202501647
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-02-22 19:47:44 PST. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd
