2488 Kapiolani Blvd APT 403HonoluluHI96826
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 2488 Kapiolani Blvd APT 403, Honolulu, HI, 96826 in Honolulu is the 1.53 coverage ratio: rent of $2,884/mo versus a $1,889/mo debt payment on a $420,000 property. Rental yield 8.04%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $116,038 by year five, with $3,868/yr in equity from paydown. Total projected cumulative return: $149,017.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 4.2% |
| Monthly Cash Flow | $(262) | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,884 |
| Total Monthly Debt Service | $2,908 |
| DSCR Ratio | 0.99x |
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 1970
N/A lot
$N/A/sqft
$650 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96826, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,751 (100%) |
| Owner Occupied HU | 4,285 (29.0%) |
| Renter Occupied HU | 9,084 (61.6%) |
| Vacant Housing Units | 1,382 ( 9.4%) |
| Median Home Value | $611,398 |
| Average Home Value | $775,171 |
Housing Distribution
Address Breakdown
Residential
15,349
Single Family
2,250
Multi-Family
13,099
Businesses
942
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 1970
N/A lot
$N/A/sqft
$650 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96826, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,751 (100%) |
| Owner Occupied HU | 4,285 (29.0%) |
| Renter Occupied HU | 9,084 (61.6%) |
| Vacant Housing Units | 1,382 ( 9.4%) |
| Median Home Value | $611,398 |
| Average Home Value | $775,171 |
Housing Distribution
Address Breakdown
Residential
15,349
Single Family
2,250
Multi-Family
13,099
Businesses
942
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shari M Hooks • Coldwell Banker Realty
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202509545
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-05-08 10:12:40 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd