92-8221 Reef PkwyOcean ViewHI96704
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 92-8221 Reef Pkwy, Ocean View, HI, 96704 in Ocean View the bet is firmly on appreciation. Rental yield 5.03%. The 5.03% gross yield on a $429,000 price is below income-first thresholds, but 5%/yr value growth projects $118,525 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.93) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $120,388.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5% | 5.0% |
| Monthly Cash Flow | $(643) | $1,500 |
City averages based on Ocean View market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $2,272 |
| DSCR Ratio | 0.79x |
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.
Single Family
Built in 2008
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96704, Captain Cook, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,899 (100%) |
| Owner Occupied HU | 3,490 (59.2%) |
| Renter Occupied HU | 1,263 (21.4%) |
| Vacant Housing Units | 1,146 (19.4%) |
| Median Home Value | $518,519 |
| Average Home Value | $654,193 |
Housing Distribution
Address Breakdown
Residential
1,676
Single Family
1,676
Multi-Family
0
Businesses
120
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
Single Family
Built in 2008
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 96704, Captain Cook, HI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,899 (100%) |
| Owner Occupied HU | 3,490 (59.2%) |
| Renter Occupied HU | 1,263 (21.4%) |
| Vacant Housing Units | 1,146 (19.4%) |
| Median Home Value | $518,519 |
| Average Home Value | $654,193 |
Housing Distribution
Address Breakdown
Residential
1,676
Single Family
1,676
Multi-Family
0
Businesses
120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Hawaii Information Service
Mls ID: #728620