2888 Ala Ilima St APT 1606HonoluluHI96818
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
Investment Highlights
Investment property for sale in Honolulu at 2888 Ala Ilima St APT 1606, Honolulu, HI, 96818 uses $69,118 cash to close to unlock $1,028/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,874/mo, and a $1,021/mo payment keeps the spread at $86/mo. Purchase price stands at $208,500, and rental yield measures 10.79% with $1,874/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $57,605 over five years. Five-year ROI reaches 113.96% and total cumulative return in cash records $78,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,874/mo property income covering a $1,021/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No 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: Kendelle Yamamoto-Moran • Engel & Volkers Honolulu
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202502900
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-02-22 22:47:53 PST. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd