2889 Ala Ilima St APT 8BHonoluluHI96818
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2889 Ala Ilima St APT 8B, Honolulu, HI, 96818 in Honolulu at $459,000 earns $3,689/mo in rent and nets $50/mo after the $2,064/mo payment, a 9.64% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $126,813 over five years. Ziffy Mortgage underwrites this on a 1.79 DSCR without U.S. credit history. With $4,227/yr in principal paydown, total projected return reaches $242,248.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 4.2% |
| Monthly Cash Flow | $50 | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,689 |
| Total Monthly Debt Service | $2,431 |
| DSCR Ratio | 1.52x |
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 1973
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
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 1973
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices