410 Magellan Ave APT 409HonoluluHI96813
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 410 Magellan Ave APT 409, Honolulu, HI, 96813 listed at $374,000 pairs $3,497/mo rent with a $1,831/mo payment to leave $1,367/mo cash flow. Total monthly income runs $3,497/mo, and annual cash flow reaches $16,402/yr on $123,981 cash to close. Return on cash invested measures 33.14% in year one, and rental yield registers 11.22% at a $374,000 basis. Equity gained on principal adds $2,413/yr, and annual property appreciation at 5% supports $103,329 by year five. Five-year ROI tracks 173.13% and total cumulative return in cash totals $214,645. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,497/mo property income relative to a $1,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96813, Honolulu, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,305 (100%) |
| Owner Occupied HU | 7,847 (45.3%) |
| Renter Occupied HU | 8,101 (46.8%) |
| Vacant Housing Units | 1,357 ( 7.8%) |
| Median Home Value | $891,444 |
| Average Home Value | $987,180 |
Housing Distribution
Address Breakdown
Residential
13,983
Single Family
3,531
Multi-Family
10,452
Businesses
3,031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices