2888 Ala Ilima St APT 1508HonoluluHI96818
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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
Rental property for sale in Honolulu at 2888 Ala Ilima St APT 1508, Honolulu, HI, 96818 generates $1,920/mo in rent and, after a $1,067/mo payment, leaves $130/mo in cash flow. Total monthly income is $1,920/mo, and annual cash flow is $1,555/yr on $72,267 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 10.57% on a $218,000 entry. Equity gained on principal adds $1,407/yr, while 5% annual appreciation builds toward $60,229 over five years. Five-year ROI reaches 117.06% and total cumulative return in cash sums $84,595. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$549 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96818, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,745 (100%) |
| Owner Occupied HU | 6,526 (36.8%) |
| Renter Occupied HU | 10,403 (58.6%) |
| Vacant Housing Units | 816 ( 4.6%) |
| Median Home Value | $870,040 |
| Average Home Value | $951,679 |
Housing Distribution
Address Breakdown
Residential
17,201
Single Family
11,375
Multi-Family
5,826
Businesses
218
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Listed by: Armi Oliver Harper • Harper Island Realty LLC
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202513977
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-06-25 10:43:48 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd