240 Makee Rd APT 8BHonoluluHI96815
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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
Investment Highlights
Investment property for sale in Honolulu at 240 Makee Rd APT 8B, Honolulu, HI, 96815 with 5% annual appreciation on a $425,000 basis while $3,670/mo rent supports operations. Total monthly income totals $3,670/mo and a $2,080/mo payment preserves $10/mo for cash returns. Annual cash flow comes to $117/yr on $140,888 deployed, and return on cash invested reaches 19.99% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 10.36%. Five-year ROI measures 106.45% and total cumulative return in cash totals $149,981.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,670/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96815, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,957 (100%) |
| Owner Occupied HU | 6,829 (28.5%) |
| Renter Occupied HU | 9,326 (38.9%) |
| Vacant Housing Units | 7,802 (32.6%) |
| Median Home Value | $741,337 |
| Average Home Value | $949,527 |
Housing Distribution
Address Breakdown
Residential
21,794
Single Family
2,824
Multi-Family
18,970
Businesses
1,472
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Listed by: Chad Snater • Avatina LLC
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202428234
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-02-22 17:16:53 PST. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd