440 Aleka Pl #169KapaaHI96746
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingThere's a case for owning boring assets in strong markets. Rental yield 6.68%. It won't spike overnight, but it will produce quarter after quarter of U.S. dollar income with long-run appreciation. Ziffy Mortgage's DSCR loan removes U.S. income documentation barriers for non-residents. Five-year appreciation of $125,708 and $4,191/yr in equity build project total return of $90,466.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(1,347) | $300 |
City averages based on Kapaa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,534 |
| Total Monthly Debt Service | $3,701 |
| DSCR Ratio | 0.68x |
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 1970
N/A lot
$N/A/sqft
$957 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96746, Kapaa, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,360 (100%) |
| Owner Occupied HU | 4,490 (53.7%) |
| Renter Occupied HU | 2,730 (32.7%) |
| Vacant Housing Units | 1,140 (13.6%) |
| Median Home Value | $859,137 |
| Average Home Value | $913,057 |
Housing Distribution
Address Breakdown
Residential
6,038
Single Family
5,927
Multi-Family
111
Businesses
566
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 1970
N/A lot
$N/A/sqft
$957 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96746, Kapaa, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,360 (100%) |
| Owner Occupied HU | 4,490 (53.7%) |
| Renter Occupied HU | 2,730 (32.7%) |
| Vacant Housing Units | 1,140 (13.6%) |
| Median Home Value | $859,137 |
| Average Home Value | $913,057 |
Housing Distribution
Address Breakdown
Residential
6,038
Single Family
5,927
Multi-Family
111
Businesses
566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Ambrose • Keller Williams Honolulu
Mls Name: Hawaii Information Service
Mls Provider:
Mls ID: #705039
Disclaimer: Copyright 2025 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Joel Backman - (808) 437-8500. [Click here for more information](/info/mls-disclaimers/#mls_726)