615 Gay St #C-203Lanai CityHI96763
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder615 Gay St #C-203, Lanai City, HI, 96763 in Lanai City is a stable, well-positioned rental at $315,000. Rental yield 7.31%. DSCR 1.36 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $87,029 in value and $2,901/yr in principal paydown builds equity, a total projected return of $106,150.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 8.0% |
| Monthly Cash Flow | $(221) | $2,000 |
City averages based on Lanai City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,920 |
| Total Monthly Debt Service | $2,015 |
| DSCR Ratio | 0.95x |
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 1990
0.62 Acres lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96763, Lanai City, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,543 (100%) |
| Owner Occupied HU | 558 (36.2%) |
| Renter Occupied HU | 623 (40.4%) |
| Vacant Housing Units | 362 (23.5%) |
| Median Home Value | $857,843 |
| Average Home Value | $978,875 |
Housing Distribution
Address Breakdown
Residential
6
Single Family
6
Multi-Family
0
Businesses
127
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 1990
0.62 Acres lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96763, Lanai City, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,543 (100%) |
| Owner Occupied HU | 558 (36.2%) |
| Renter Occupied HU | 623 (40.4%) |
| Vacant Housing Units | 362 (23.5%) |
| Median Home Value | $857,843 |
| Average Home Value | $978,875 |
Housing Distribution
Address Breakdown
Residential
6
Single Family
6
Multi-Family
0
Businesses
127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory L Sturm RS-65206 • Island Sotheby's International Realty(L)
Mls Name: RAM
Mls Provider:
Mls ID: #402975
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