85-153 Ala Walua St Unit D · Waianae, HI 96792

$109,000

3 bd · 1.0 ba · 952 sqft · SingleFamily · 108 Days on market

Built 1974 Fair condition 3,720 sqft lot $114/sqft · 84% below area ↓ 50% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity to make this home your own in Waianae at an amazing price! Needs work but still a good investment. Contact your Realtor to see this home before it's gone.

Key facts

• 3,720 sq ft lot
• 2 parking spots
• Built 1974

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $109k).
• Recommended offer: $99k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#67 in HI) — a middle-class / working-renter tenant base. Strengths: commute B+, employment B+, housing B; Watch: health & safety C-, schools F, amenities F.
• 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 (+3.4%/yr); 250 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).
• This rent runs 36% of the median local income ($88k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.4% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $19k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $99,190 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.41% ✓
• Cap rate: 20.81%
• Cash-on-cash: 51.84%
• DSCR: 3.31
• GRM: 3.5

CMA / ARV

• ARV (median comp): $663,775
• List price: $109,000
• Delta: -83.58%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
85-105 Ala Akau St Unit K	0.20mi	3/1.0	952 (0%)	6mo	$225,000	$236	86

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.38% rent growth · sell at horizon

5-year hold

• IRR: 50.2%
• Equity multiple: 3.21×
• Total profit: $67,363
• Equity at exit: $16,252

10-year hold

• IRR: 55.8%
• Equity multiple: 6.61×
• Total profit: $171,119
• Equity at exit: $9,424

Cash invested: $30,520 (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 96792

• Home prices YoY: -18.8%
• Rents YoY: 3.4%
• Active inventory: 250
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $2,623 high
• Mortgage (P&I): −$572
• Tax est. 1.5%: −$136 /mo · $1,635/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $1,319

Break-even live

Break-even rent $954

Max offer price $109,000

Occupancy floor 45%

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
84-1111 Lahaina St Unit A Waianae, HI	3.0	2.0	920	$2,900	$3.15	43d	1	0.98mi
84-1026 Hana St #3 Waianae, HI	2.0	1.0	600	$2,000	$3.33	43d	1	1.12mi
86-027 Glenmonger St Waianae, HI	2.0	2.0	576	$1,800	$3.12	43d	1	1.15mi
84-956 Hanalei St Unit B Waianae, HI	3.0	1.0	800	$3,300	$4.12	43d	1	1.19mi
84-917 Hanalei St Unit C Waianae, HI	3.0	1.0	700	$2,400	$3.43	3d	1	1.28mi
84-917 Hanalei St Waianae, HI	3.0	1.0	700	$2,500	$3.57	43d	1	1.28mi

Listing history 29 events

1. 2026-06-18
   days on market $109,000 Active 108 DOM
2. 2026-06-17
   days on market $109,000 Active 107 DOM
3. 2026-06-16
   days on market $109,000 Active 106 DOM
4. 2026-06-15
   days on market $109,000 Active 105 DOM
5. 2026-06-13
   days on market $109,000 Active 103 DOM
6. 2026-06-13
   days on market $109,000 Active 102 DOM
7. 2026-06-10
   days on market $109,000 Active 100 DOM
8. 2026-06-09
   days on market $109,000 Active 99 DOM
9. 2026-06-08
   days on market $109,000 Active 98 DOM
10. 2026-06-07
    days on market $109,000 Active 97 DOM
11. 2026-06-05
    days on market $109,000 Active 94 DOM
12. 2026-06-03
    days on market $109,000 Active 93 DOM
13. 2026-06-02
    days on market $109,000 Active 92 DOM
14. 2026-06-01
    days on market $109,000 Active 91 DOM
15. 2026-05-31
    days on market $109,000 Active 90 DOM
16. 2026-04-20
    price $109,000 172-char remark

    Show marketing remark (172 chars)

    Great opportunity to make this home your own in Waianae at an amazing price! Needs work but still a good investment. Contact your Realtor to see this home before it's gone.

17. 2026-03-06
    price $118,000 172-char remark

    Show marketing remark (172 chars)

    Great opportunity to make this home your own in Waianae at an amazing price! Needs work but still a good investment. Contact your Realtor to see this home before it's gone.

18. 2026-03-01
    listed $128,155 Active 172-char remark

    Show marketing remark (172 chars)

    Great opportunity to make this home your own in Waianae at an amazing price! Needs work but still a good investment. Contact your Realtor to see this home before it's gone.

19. 2026-02-17
    historical
20. 2026-02-04
    price $128,155
21. 2025-12-17
    price $134,900
22. 2025-11-04
    price $149,900
23. 2025-11-04
    status Active
24. 2025-08-07
    listed $159,300 Active
25. 2025-07-31
    historical
26. 2025-04-11
    price $159,300
27. 2025-03-01
    price $177,000
28. 2025-02-04
    price $196,700
29. 2024-12-23
    listed $218,500 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $31,471
• − Mortgage interest: −$6,106
• − Property taxes: −$1,635
• − Insurance: −$545
• − Repairs & maintenance: −$2,518
• − Management: −$2,518
• − Depreciation: −$3,171
• Taxable income: $14,979
• Est. tax owed @ 24.0%: −$3,595
• After-tax cash flow: $12,228/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.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab

This home requires significant repairs and updates to its exterior and interior, including a damaged garage door, weathered walls, and a poor roof. These repairs and updates would significantly increase its resale and rental value.

Repairs flagged

• Major garage door — The garage door is visibly damaged and needs to be replaced.
• Major exterior walls — The exterior walls appear weathered and may need repainting or replacement.
• Major roof — The roof appears to be in poor condition and may need to be replaced or repaired.
• Major fencing — The fencing is in poor condition and may need to be replaced or repaired.
• Major interior walls/paint — The interior is not visible, but the exterior suggests a need for significant work inside as well.

Value-add opportunities

• Both repair and replace the garage door — A functional and attractive garage door can significantly improve the home's curb appeal and value.
• Both repair and paint the exterior walls — A fresh coat of paint can improve the home's appearance and increase its value.
• Both repair or replace the roof — A new roof can protect the home from water damage and increase its value.
• Both repair or replace the fencing — A sturdy and attractive fence can enhance the home's security and curb appeal.
• Both repair and paint interior walls — Fresh paint can improve the home's interior appearance and increase its value.
• Both landscaping — A well-maintained and attractive landscape can improve the home's curb appeal and increase its value.
• Both repair and replace windows — New windows can improve energy efficiency and increase the home's value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
garage door · The garage door is visibly damaged and needs to be replaced.	Major	$15,000–50,000
exterior walls · The exterior walls appear weathered and may need repainting or replacement.	Major	$15,000–50,000
roof · The roof appears to be in poor condition and may need to be replaced or repaired.	Major	$15,000–50,000
fencing · The fencing is in poor condition and may need to be replaced or repaired.	Major	$15,000–50,000
interior walls/paint · The interior is not visible, but the exterior suggests a need for significant work inside as well.	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both repair and replace the garage door — A functional and attractive garage door can significantly improve the home's curb appeal and value. ↑
• Both repair and paint the exterior walls — A fresh coat of paint can improve the home's appearance and increase its value. ↑
• Both repair or replace the roof — A new roof can protect the home from water damage and increase its value. ↑
• Both repair or replace the fencing — A sturdy and attractive fence can enhance the home's security and curb appeal. ↑
• Both repair and paint interior walls — Fresh paint can improve the home's interior appearance and increase its value. ↑
• Both landscaping — A well-maintained and attractive landscape can improve the home's curb appeal and increase its value. ↑
• Both repair and replace windows — New windows can improve energy efficiency and increase the home's value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Waianae

• Score: 63/100
• State rank: #67
• US rank: #15629

Category grades

Amenities F Commute B+ Cost of living F Crime C Employment B+ Housing B Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waianae, HI
• County: Honolulu County · 963,448 people
• City population: 49,618
• Metro: Urban Honolulu, HI
• Population (ZIP): 49,618
• Household income: $87,509
• Rent vs Own: 36.0% rent · 64.0% own
• Severe rent burden: 1706.0

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 0.96)
• Race & ethnicity: Pacific Islander 42% Two or more races 32% Hispanic / Latino 13% Asian 10% White 10% Black 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6%
• Common ancestry: Russian 6% Romanian 1%
• Foreign-born: 9% · Canada
• Languages at home: 82% English-only · Other Asian/Pacific 13% Tagalog/Filipino 2% Spanish 1%

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: ▼ -110.72%
• Current HPI: 477.9187
• Rent YoY: ▲ 3.38%
• Metro: Urban Honolulu, HI
• State GDP YoY: —
• F500 in state: 0

Price history

-50.1% since first listed

14 events — show timeline

• 2026-04-20 Price Changed $109,000 HiCentral MLS
• 2026-03-06 Price Changed $118,000 HiCentral MLS
• 2026-03-01 Listed $128,155 HiCentral MLS
• 2026-02-17 Listing Removed — HiCentral MLS
• 2026-02-04 Price Changed $128,155 HiCentral MLS
• 2025-12-17 Price Changed $134,900 HiCentral MLS
• 2025-11-04 Price Changed $149,900 HiCentral MLS
• 2025-11-04 Relisted — HiCentral MLS
• 2025-08-07 Listed $159,300 HiCentral MLS
• 2025-07-31 Listing Removed — HiCentral MLS
• 2025-04-11 Price Changed $159,300 HiCentral MLS
• 2025-03-01 Price Changed $177,000 HiCentral MLS
• 2025-02-04 Price Changed $196,700 HiCentral MLS
• 2024-12-23 Listed $218,500 HiCentral MLS