2877 Kalakaua Ave #503/504HonoluluHI96815
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 2877 Kalakaua Ave #503/504, Honolulu, HI, 96815 in Honolulu worth modelling. At $549,998 with a 7.22% gross yield, the $3,309/mo rent leaves $177/mo after the $2,473/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.34 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $151,954 by year five; $5,066/yr in principal reduction adds further equity. Total projected return: $6,185.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 4.2% |
| Monthly Cash Flow | $177 | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,309 |
| Total Monthly Debt Service | $6,456 |
| DSCR Ratio | 0.51x |
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 1960
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
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 1960
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott K Startsman • List Sotheby's Int'l Realty
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202415426
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-02-22 01:12:58 PST. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd