77-301 Noelani Way Unit 35Kailua KonaHI96740
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 77-301 Noelani Way Unit 35, Kailua Kona, HI, 96740 in Kailua Kona at $595,000 earns $4,474/mo in rent and nets $125/mo after the $2,675/mo payment, a 9.02% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $164,388 over five years. Ziffy Mortgage underwrites this on a 1.67 DSCR without U.S. credit history. With $5,480/yr in principal paydown, total projected return reaches $236,626.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 4.8% |
| Monthly Cash Flow | $125 | $1,850 |
City averages based on Kailua Kona market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,474 |
| Total Monthly Debt Service | $4,111 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1983
N/A lot
$N/A/sqft
$960 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96740, Kailua Kona, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,076 (100%) |
| Owner Occupied HU | 9,918 (49.4%) |
| Renter Occupied HU | 5,421 (27.0%) |
| Vacant Housing Units | 4,737 (23.6%) |
| Median Home Value | $841,538 |
| Average Home Value | $933,708 |
Housing Distribution
Address Breakdown
Residential
14,399
Single Family
12,335
Multi-Family
2,064
Businesses
1,754
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 1983
N/A lot
$N/A/sqft
$960 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96740, Kailua Kona, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,076 (100%) |
| Owner Occupied HU | 9,918 (49.4%) |
| Renter Occupied HU | 5,421 (27.0%) |
| Vacant Housing Units | 4,737 (23.6%) |
| Median Home Value | $841,538 |
| Average Home Value | $933,708 |
Housing Distribution
Address Breakdown
Residential
14,399
Single Family
12,335
Multi-Family
2,064
Businesses
1,754
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bherin Brown • KW Big Island
Mls Name: Hawaii Information Service
Mls Provider:
Mls ID: #729234
Disclaimer: Copyright 2026 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](/mls-disclaimers/#726)