493 Pio Dr APT 211WailukuHI96793
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.83% gross rental yield, 493 Pio Dr APT 211, Wailuku, HI, 96793 in Wailuku is priced for capital growth, not immediate cash flow. The $1,004,200 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $277,442 by year five, with $9,249/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.52) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $136,133.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 5.1% |
| Monthly Cash Flow | $(3,798) | $2,850 |
City averages based on Wailuku market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,370 |
| Total Monthly Debt Service | $5,769 |
| DSCR Ratio | 0.41x |
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 1975
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96793, Wailuku, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,627 (100%) |
| Owner Occupied HU | 7,151 (61.5%) |
| Renter Occupied HU | 3,348 (28.8%) |
| Vacant Housing Units | 1,128 ( 9.7%) |
| Median Home Value | $851,285 |
| Average Home Value | $895,411 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
9,083
Multi-Family
1,307
Businesses
1,681
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 1975
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96793, Wailuku, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,627 (100%) |
| Owner Occupied HU | 7,151 (61.5%) |
| Renter Occupied HU | 3,348 (28.8%) |
| Vacant Housing Units | 1,128 ( 9.7%) |
| Median Home Value | $851,285 |
| Average Home Value | $895,411 |
Housing Distribution
Address Breakdown
Residential
10,390
Single Family
9,083
Multi-Family
1,307
Businesses
1,681
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices