1330 Wilder Ave #212 · Urban Honolulu, HI 96822

$275,000

1 bd · 1.0 ba · 490 sqft · Condo public records · 27 Days on market

Built 1962 $801/mo HOA · 29% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Appreciation +6.4/10.0
• 1% rule +5.0/10.0
• Rent growth +3.8/5.0
• Schools +3.7/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Listing remarks

Location, location, location! Hideaway in Makiki now available for your new home! This corner end unit has 1 bedroom, 1 bathroom, storage locker, and 1 assigned open parking stall close the gate entrance. The building is well kept, resident manager, swimming pool, BBQ areas, community laundry, and pet friendly. Convenient location to bus line, University of Hawaii Manoa Campus, shopping, restaurants, parks, schools, and beach. Easy access to H-1 freeway, near Ala Moana shopping mall, Kakaako and Waikiki. Building has 100% hurricane and hazard insurance. Unit needs fixing up, being sold As Is, seller will not make any repairs. Priced below tax assessed value, so get it while you can…

Key facts

• Corner end unit
• Swimming pool
• Bbq areas

Tags

• CORNER END UNIT
• STORAGE LOCKER
• ASSIGNED OPEN PARKING
• RESIDENT MANAGER
• SWIMMING POOL
• BBQ AREAS

Property features AI

Finance

• Financial info: Maintenance expense: $720.31
• HOA & community: Monthly association fee of $81; Association covers common areas, water, and sewer; Association provides management; Community amenities include barbecue, storage facilities, and laundry facilities

Exterior

• Parking: One on-street open parking space
• Security: Closed-circuit camera system; Key card entry
• Home design: Condo in a 1-story building; Entry on level 2
• Construction: Concrete construction
• Exterior features: Closed-circuit cameras; Key card entry; Fee simple ownership

Interior

• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Interior features: End unit; Unfurnished; Has a view; Average condition with some major repairs needed
• Laundry & utility: Building laundry facilities available

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $275k.

Deal economics

• At list price, monthly cash flow is $-267 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $228k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $275k (0.1% below list).
• Recommended offer: $228k (17.2% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 1.5% in Urban Honolulu — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Hawaii Department Of Education (suburban): math 32% / reading 50% proficiency, ranked #1 of 1 in HI (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.3%/yr); 177 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).
• This rent runs 34% of the median local income ($96k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $7k appreciation (2.7% local appreciation)).
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.

Recommended offer $227,795 (17.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.00% ✗
• Cap rate: 5.13%
• Cash-on-cash: -4.16%
• DSCR: 0.81
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.71% appreciation · 5.35% rent growth · sell at horizon

5-year hold

• IRR: 4.3%
• Equity multiple: 1.25×
• Total profit: $18,919
• Equity at exit: $119,174

10-year hold

• IRR: 9.1%
• Equity multiple: 2.40×
• Total profit: $107,795
• Equity at exit: $180,253

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 37 Tenant-Leaning
• State Hawaii: 37 Tenant-Leaning · D+13
• County: — inherits STATE
• City: — inherits STATE

Honolulu has source-of-income protections; warranty of habitability strong.

Methodology + full state rankings →

ZIP-level market 96822

• Home prices YoY: 1.0%
• Rents YoY: 5.3%
• Active inventory: 177
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,747 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$80 /mo · $957/yr
• Insurance: −$115
• HOA: −$801
• Vacancy / Maint / Mgmt: −$577
• Net cashflow: $-267

Break-even live

Break-even rent $3,085

Max offer price $227,795

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1568 Pensacola St Honolulu, HI	1.0–2.0	1.0	523	$2,280	$4.36	23d	1	0.39mi
902 University Ave Unit C Honolulu, HI	2.0	1.0	415	$2,318	$5.58	23d	1	1.26mi
987 Queen St Honolulu, HI	2.0	1.0–2.0	554	$4,000	$7.22	16d	8	1.27mi
987 Queen St Honolulu, HI	2.0	1.0–2.0	554	$3,925	$7.08	17d	9	1.27mi
987 Queen St Honolulu, HI	1.0	1.0	453	$3,800	$8.39	10d	9	1.27mi
1000 Auahi St Honolulu, HI	2.0	1.0–2.0	629	$4,425	$7.03	23d	2	1.39mi
440 Olohana St Unit 1327711P Honolulu, HI	1.0	1.0	355	$3,741	$10.54	2d	1	1.46mi
440 Olohana St Unit 1327703P Honolulu, HI	1.0	1.0	355	$4,055	$11.42	11d	1	1.46mi

HOA detail condo

• Monthly dues: $801 · $9,612/yr
• Likely covers: insurancepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-18
   days on market $275,000 Active 27 DOM
2. 2026-06-17
   days on market $275,000 Active 26 DOM
3. 2026-06-16
   days on market $275,000 Active 25 DOM
4. 2026-06-15
   days on market $275,000 Active 24 DOM
5. 2026-06-13
   days on market $275,000 Active 22 DOM
6. 2026-06-13
   days on market $275,000 Active 21 DOM
7. 2026-06-10
   days on market $275,000 Active 19 DOM
8. 2026-06-09
   days on market $275,000 Active 18 DOM
9. 2026-06-08
   days on market $275,000 Active 17 DOM
10. 2026-06-07
    days on market $275,000 Active 16 DOM
11. 2026-06-05
    days on market $275,000 Active 13 DOM
12. 2026-06-03
    days on market $275,000 Active 12 DOM
13. 2026-06-02
    days on market $275,000 Active 11 DOM
14. 2026-06-01
    days on market $275,000 Active 10 DOM
15. 2026-05-31
    days on market $275,000 Active 9 DOM
16. 2026-05-22
    listed $275,000 Active
17. 2025-03-29
    historical $1,790
18. 2025-03-22
    price $1,790
19. 2025-02-25
    listed $1,800
20. 2025-02-25
    historical $1,800
21. 2025-02-23
    listed $1,800
22. 2025-02-19
    historical
23. 2025-01-24
    price $305,000
24. 2025-01-02
    listed $314,999 Active
25. 2025-01-01
    historical
26. 2024-10-02
    price $314,999
27. 2024-08-26
    listed $320,000 Active
28. 2022-11-30
    soldstatus $305,000 Sold
29. 2022-09-07
    listed $320,000 Active
30. 1990-03-27
    soldstatus $21,700
31. 1983-07-01
    soldstatus $63,000
32. 1983-06-01
    soldstatus $63,000
33. 1979-08-01
    soldstatus $53,500
34. 1979-02-01
    soldstatus $38,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast HI · Partial reset (capped growth)

• Current annual tax: $957 · $80/mo
• Projected year-2 tax: $957 · $80/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $32,966
• − Mortgage interest: −$15,404
• − Property taxes: −$957
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,637
• − Management: −$2,637
• − HOA: −$9,612
• − Depreciation: −$8,000
• Taxable loss: −$7,657
• Est. tax savings @ 24.0%: +$1,838
• After-tax cash flow: $-1,369/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hawaii Department Of Education
• NCES district ID: 1500030
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 50% ▼ -3.00%
• Median HH income: $69,005
• Composite: 37.07/100
• National rank: #4504
• State rank: #1 of 1 in HI

Livability — Urban Honolulu

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Urban Honolulu, HI
• County: Honolulu County · 963,448 people
• City population: 309,956
• Metro: Urban Honolulu, HI
• Population (ZIP): 43,747
• Household income: $95,947
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 2139.0

Population outlook (Honolulu County) Hauer SSP2

• Today (2025): 1,072,641 people
• By 2030: 1,110,460 · +3.5%
• By 2040: 1,181,593 · +10.2%
• By 2050: 1,257,584 · +17.2%
• By 2075: 1,501,120 · +39.9%
• By 2100: 1,764,430 · +64.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Asian 48% White 21% Two or more races 20% Pacific Islander 7% Hispanic / Latino 5% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Russian 2% Lithuanian 1% Romanian 1%
• Foreign-born: 20% · South Korea, China, Vietnam
• Languages at home: 73% English-only · Other Asian/Pacific 11% Chinese 4% Korean 3%

Political lean MEDSL · Honolulu

• 2024 margin: Strong D (+21.6) · D 59.9% · R 38.3% · Other 1.8%
• 2008→2024 swing: -19.4pp toward R · 2008: 41.1pp · 2024: 21.6pp
• All cycles: 2024: D+21.6 2020: D+26.9 2016: D+29.9 2012: D+39.1 2008: D+41.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.71%
• Current HPI: 273.9456
• Rent YoY: ▲ 5.35%
• Metro: Urban Honolulu, HI
• State GDP YoY: —
• F500 in state: 0

Price history

+623.7% since first listed

19 events — show timeline

• 2026-05-22 Listed $275,000 HiCentral MLS
• 2025-03-29 Rental Removed $1,790 HICMLS
• 2025-03-22 Price Changed $1,790 HICMLS
• 2025-02-25 Listed for Rent $1,800 HICMLS
• 2025-02-25 Rental Removed $1,800 APPFOLIO
• 2025-02-23 Listed for Rent $1,800 APPFOLIO
• 2025-02-19 Listing Removed — HiCentral MLS
• 2025-01-24 Price Changed $305,000 HiCentral MLS
• 2025-01-02 Listed $314,999 HiCentral MLS
• 2025-01-01 Listing Removed — HiCentral MLS
• 2024-10-02 Price Changed $314,999 HiCentral MLS
• 2024-08-26 Listed $320,000 HiCentral MLS
• 2022-11-30 Sold (MLS) $305,000 HiCentral MLS
• 2022-09-07 Listed $320,000 HiCentral MLS
• 1990-03-27 Sold (Public Records) $21,700 Public Records
• 1983-07-01 Sold (Public Records) $63,000 Public Records
• 1983-06-01 Sold (Public Records) $63,000 Public Records
• 1979-08-01 Sold (Public Records) $53,500 Public Records
• 1979-02-01 Sold (Public Records) $38,000 Public Records

Property tax history

+2.5%/yr

Latest (2022): $957 · -6.8% YoY. Source: county tax records.