2888 Ala Ilima St APT 1511HonoluluHI96818
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowAt 1.94, 2888 Ala Ilima St APT 1511, Honolulu, HI, 96818 in Honolulu sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 10.5%. The 10.5% yield is backed by 5% annual appreciation projecting $60,229 in value gain, plus $2,008/yr in principal reduction. Total projected cumulative return: $83,046.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 4.2% |
| Monthly Cash Flow | $(29) | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,902 |
| Total Monthly Debt Service | $1,849 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1978
N/A lot
$N/A/sqft
$678 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
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 1978
N/A lot
$N/A/sqft
$678 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rolanda Li Racoma • BHGRE Advantage Realty
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202510007
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-04-30 10:42:42 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd