2977 Ala Ilima St APT 207HonoluluHI96818
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 2977 Ala Ilima St APT 207, Honolulu, HI, 96818 in Honolulu achieves a 1.55 ratio at $238,000: $1,662/mo rent versus $1,070/mo debt service. Rental yield 8.38%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.38% yield compounds alongside 5% annual appreciation projecting $65,755 in value. Total projected cumulative return: $65,337.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 4.2% |
| Monthly Cash Flow | $(429) | $18,500 |
City averages based on Honolulu market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,662 |
| Total Monthly Debt Service | $1,997 |
| DSCR Ratio | 0.83x |
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 1973
N/A lot
$N/A/sqft
$690 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 1973
N/A lot
$N/A/sqft
$690 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: Carol M Ginoza • Zen Properties Incorporated
Mls Name: HiCentral MLS
Mls Provider:
Mls ID: #202517318
Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on 2025-08-14 10:08:32 PDT. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd