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411 Kaiolu St #504
B- Composite 69.28
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 +25.6/30.0
  • 1% rule +10.0/10.0
  • DSCR +8.5/10.0
  • ARV discount +7.5/15.0
  • Appreciation +6.4/10.0
  • Rent growth +4.0/5.0
  • Schools +3.7/10.0
  • Livability +2.5/5.0
  • Condition / age +1.0/5.0

$150,000

411 Kaiolu St #504 · Urban Honolulu, HI 96815
1 bd · 1.0 ba · 479 sqft · Condo · 68 Days on market
Built 1959 Poor condition $313/sqft · 55% below area $560/mo HOA · 23% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Enjoy meals on your bright and open lanai which can be easily enclosed with pull down roller shutters. Beautifully updated w/ solid wood cabinets w/ European style hinges, granite counters, laminate flooring, fresh paint, smooth ceilings, light fixtures, ceiling fan, light switches, plugs and covers. Rarely found in a one bedroom this unit even has a walk in closet. The well maintained common areas include a beautiful pool, impressive lobby and recently modernized elevator. Very easy to see, call for an appointment.

Key facts

  • Boutique building
  • Sunny pool
  • Large covered lanai

Tags

LARGE COVERED LANAISUNNY POOLBOUTIQUE BUILDING

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath condo listed at $150k. Condition is rated poor.

Deal economics

  • At list price, monthly cash flow is $235 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $150k).
  • Recommended offer: $141k (6.0% below list) — sets the bar for market timing.

Location & tenants

  • Location reads: area grade B — 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.
  • Zoned schools: President Thomas Jefferson Elementary School (math 42% / reading 47%, grade F, #73 of 183 statewide, top 41%, 340 students, 55% FRL); President George Washington Middle School (math 30% / reading 46%, grade F, #17 of 42 statewide, top 39%, 569 students, 61% FRL); Kaimuki High School (math 12% / reading 47%, grade F, #35 of 43 statewide, top 86%, 620 students, 60% FRL) — zoned schools average 59% FRL vs 39% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising fast (+6.0%/yr); 921 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals lingering (median 51d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 82% 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).

Forward outlook

  • In year one you build about $5k of equity ($1k loan paydown + $4k appreciation (2.7% local appreciation)).
  • Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (2.7% appreciation + 6.0% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.
  • By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 68 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 11y 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.
  • Current owner paid $105k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: flood insurance adds $122/mo; HOA is 23% of rent; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

  1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% 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 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  6. 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?
  7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  9. 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.
  10. 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.
  11. 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
1.65%
Cap rate
9.15%
Cash-on-cash
10.20%
DSCR
1.45
GRM
5.1

CMA / ARV

ARV (median comp)
$336,902
List price
$150,000
Delta
-55.48%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2240 Kuhio Ave #2405 0.13mi 1/1.0 538 (+12%) 0mo $130,000 $242 73
425 Ena Rd Unit C604 0.52mi 1/1.0 500 (+4%) 0mo $77,000 $154 68
1777 Ala Moana Blvd #733 0.67mi 1/1.0 500 (+4%) 0mo $750,000 $1,500 61
2345 Ala Wai Blvd #1802 0.33mi 1/1.0 560 (+17%) 0mo $395,000 $705 60
1515 Liona St #3703 1.27mi 1/1.0 504 (+5%) 0mo $684,000 $1,357 56
2100 Date St #706 0.65mi 1/1.0 531 (+11%) 0mo $360,000 $678 51
2122 Lime St #703 0.54mi 1/1.0 395 (-18%) 0mo $195,888 $496 50
201 Ohua Ave Unit 2912 T-2 Mauka 0.71mi 1/1.0 533 (+11%) 0mo $715,000 $1,341 48
201 Ohua Ave Unit 3208 Mauka 0.71mi 1/1.0 533 (+11%) 0mo $825,000 $1,548 48
201 Ohua Ave Unit 912 T-2 0.71mi 1/1.0 533 (+11%) 0mo $595,000 $1,116 48
229 Paoakalani Ave #1906 0.76mi 1/1.0 543 (+13%) 0mo $590,000 $1,087 43
1388 Kapiolani Blvd #1703 1.27mi 1/1.0 574 (+20%) 0mo $845,000 $1,472 40

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

Projected returns pro-forma

2.74% appreciation · 6.0% rent growth · sell at horizon

5-year hold
IRR
16.1%
Equity multiple
1.93×
Total profit
$39,122
Equity at exit
$65,285
10-year hold
IRR
20.3%
Equity multiple
4.20×
Total profit
$134,415
Equity at exit
$98,964

Cash invested: $42,000 (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.

Active competition Active MLS

For sale now
8 active · 13 under contract
Median asking
$489,000 ($845/sqft)
Median days on market
72 d
This list price
lowest-priced of the active set
ARV vs active asking
-16.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 96815

Home prices YoY
0.9%
Rents YoY
6.0%
Active inventory
921
Price-to-rent
5.1×

Monthly cashflow live

Estimated rent
$2,473 high interval (Pro) →
Mortgage (P&I)
$787
Tax est. 1.5%
$188 /mo · $2,250/yr
Insurance
$62
Flood insurance flood zone
−$122 /mo · $1,468/yr
HOA
$560
Vacancy / Maint / Mgmt
$519
Net cashflow
$235

Break-even live

Break-even rent $2,176
Max offer price $150,000
Occupancy floor 86%

Sensitivity live

Price -10% $338 -5% $286 +0% $235 +5% $183 +10% $131
Rent -10% $39 -5% $137 +0% $235 +5% $332 +10% $430
Rate -1.0pp $310 -0.5pp $273 base $235 +0.5pp $196 +1.0pp $156

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
$37,500
Closing costs
$4,500
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 22 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
440 Olohana St Unit 1327703P Honolulu, HI 1.0 1.0 355 $3,958 $11.15 47d 1 0.19mi
440 Olohana St Unit 1327711P Honolulu, HI 1.0 1.0 355 $3,741 $10.54 51d 1 0.19mi
223 Saratoga Rd Honolulu, HI 3.0 1.0–3.0 948 $4,700 $4.96 39d 1 0.27mi
232 Kaiulani Ave Honolulu, HI 3.0 1.0 656 $3,088 $4.71 72d 8 0.44mi
242 Kaiulani Ave Unit 14 Honolulu, HI 1.0 253 $1,250 $4.94 20d 1 0.44mi
242 Kaiulani Ave Honolulu, HI 1.0 253 $1,250 $4.94 72d 1 0.45mi
242 Kaʻiulani Ave Unit 6 Honolulu, HI 1.0 253 $1,200 $4.74 11d 1 0.45mi
242 Kaʻiulani Ave Unit 4 Honolulu, HI 1.0 253 $1,200 $4.74 72d 1 0.45mi
242 Kaiulani Ave Unit 9 Honolulu, HI 1.0 253 $1,250 $4.94 17d 1 0.45mi
2442 Tusitala St Apt 103 Honolulu, HI 1.0 300 $1,900 $6.33 93d 1 0.54mi
2463 Khi AVE Unit 1008 Honolulu, HI 1.0 286 $1,800 $6.29 11d 1 0.56mi
249 Kapili St Unit 1 Honolulu, HI 1.0 290 $1,350 $4.66 70d 1 0.57mi
249 Kapili St Unit 401B Honolulu, HI 1.0 225 $1,500 $6.67 35d 1 0.57mi
249 Kapili St Honolulu, HI 1.0 225 $1,400 $6.22 41d 2 0.57mi
2509 Ala Wai Blvd Honolulu, HI 1.0 215 $1,725 $8.02 72d 2 0.66mi
2509 Ala Wai Blvd #503 Honolulu, HI 1.0 215 $1,600 $7.44 41d 1 0.66mi
234 Ohua Ave #217 Honolulu, HI 1.0 257 $1,550 $6.03 72d 1 0.67mi
902 University Ave Unit C Honolulu, HI 2.0 1.0 415 $2,318 $5.58 72d 1 0.74mi
300 Wai Nani Way Unit 1808 Honolulu, HI 1.0 321 $1,700 $5.30 93d 1 0.76mi
2572 Lemon Rd Honolulu, HI 1.0 1.0 398 $2,597 $6.53 35d 1 0.82mi
2572 Lemon Rd Honolulu, HI 1.0 1.0 398 $2,597 $6.53 41d 4 0.82mi
234 Hua AVE Unit 103 Honolulu, HI 1.0 257 $1,550 $6.03 52d 1 1.08mi

Property features AI

Finance

Financial info
Lease amount: $698.64 (lease expires 2054-07-31)Total actual rent: $1,850Maintenance expense: $519.21Annual tax amount: $1,188.60Assessed value: $339,600Pets: contact management for details
HOA & community
Monthly association fee: $41Association fee covers cable TV, hot water, internet, sewer and waterCommunity amenities include pool, deck/porch, patio and laundry facilities

Exterior

Security
Closed-circuit camerasSecured elevatorKey card entry
Utilities
Water and sewer included in association feeHot water included in association feeCable TV and internet included in association fee
Home design
Condominium (building: 411 Kaiolu Inc)Entry level: 5Zoned X2 - Apartment PrecinctLeasehold land tenure
Construction
Concrete construction
Exterior features
Community pool and pool deck/porchPatio

Interior

Bedrooms
Bedroom located on the main level
Flooring
Ceramic tileVinyl
Bathrooms
One full bathroom
Interior features
Partially furnishedBedroom on main levelFull bath on main levelGood condition and updated/remodeled
Laundry & utility
Laundry facilities in the community

HOA detail $560/mo · $6,720/yr condo

Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $150,000 Active 68 DOM
  2. 2026-08-07
    days on market $150,000 Active 67 DOM
  3. 2026-08-06
    days on market $150,000 Active 66 DOM
  4. 2026-08-05
    days on market $150,000 Active 65 DOM
  5. 2026-08-04
    days on market $150,000 Active 64 DOM
  6. 2026-08-03
    days on market $150,000 Active 63 DOM
  7. 2026-07-31
    days on market $150,000 Active 60 DOM
  8. 2026-07-30
    days on market $150,000 Active 59 DOM
  9. 2026-07-30
    days on market $150,000 Active 58 DOM
  10. 2026-07-28
    days on market $150,000 Active 57 DOM
  11. 2026-07-26
    days on market $150,000 Active 55 DOM
  12. 2026-07-24
    days on market $150,000 Active 53 DOM
  13. 2026-07-23
    days on market $150,000 Active 52 DOM
  14. 2026-07-22
    days on market $150,000 Active 51 DOM
  15. 2026-07-21
    days on market $150,000 Active 50 DOM
  16. 2026-07-20
    days on market $150,000 Active 49 DOM
  17. 2026-07-18
    days on market $150,000 Active 47 DOM
  18. 2026-07-18
    days on market $150,000 Active 46 DOM
  19. 2026-07-16
    days on market $150,000 Active 45 DOM
  20. 2026-07-15
    days on market $150,000 Active 44 DOM
  21. 2026-07-14
    days on market $150,000 Active 43 DOM
  22. 2026-07-13
    days on market $150,000 Active 42 DOM
  23. 2026-07-13
    days on market $150,000 Active 41 DOM
  24. 2026-07-11
    days on market $150,000 Active 40 DOM
  25. 2026-07-10
    days on market $150,000 Active 39 DOM
  26. 2026-07-10
    days on market $150,000 Active 38 DOM
  27. 2026-07-07
    days on market $150,000 Active 36 DOM
  28. 2026-07-06
    days on market $150,000 Active 35 DOM
  29. 2026-07-05
    days on market $150,000 Active 34 DOM
  30. 2026-07-03
    days on market $150,000 Active 32 DOM
  31. 2026-07-02
    days on market $150,000 Active 31 DOM
  32. 2026-07-01
    days on market $150,000 Active 30 DOM
  33. 2026-06-30
    days on market $150,000 Active 29 DOM
  34. 2026-06-29
    days on market $150,000 Active 28 DOM
  35. 2026-06-28
    days on market $150,000 Active 27 DOM
  36. 2026-06-27
    days on market $150,000 Active 26 DOM
  37. 2026-06-27
    days on market $150,000 Active 25 DOM
  38. 2026-06-25
    days on market $150,000 Active 23 DOM
  39. 2026-06-22
    days on market $150,000 Active 21 DOM
  40. 2026-06-21
    days on market $150,000 Active 20 DOM
  41. 2026-06-18
    days on market $150,000 Active 17 DOM
  42. 2026-06-17
    days on market $150,000 Active 16 DOM
  43. 2026-06-16
    days on market $150,000 Active 15 DOM
  44. 2026-06-15
    days on market $150,000 Active 14 DOM
  45. 2026-06-13
    days on market $150,000 Active 12 DOM
  46. 2026-06-13
    days on market $150,000 Active 11 DOM
  47. 2026-06-10
    days on market $150,000 Active 9 DOM
  48. 2026-06-09
    days on market $150,000 Active 8 DOM
  49. 2026-06-08
    days on market $150,000 Active 7 DOM
  50. 2026-06-07
    days on market $150,000 Active 6 DOM

ⓘ 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 AO · 0% chance over 30 yrs
  • 🫁 Air quality 1/10 Low

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$29,673
− Mortgage interest
−$8,402
− Property taxes
−$2,250
− Insurance
−$2,218
− Repairs & maintenance
−$2,374
− Management
−$2,374
− HOA
−$6,720
− Depreciation
−$4,364
Taxable income
$972
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$233
After-tax cash flow
$2,582/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

Poor 20/100 Extensive rehab Est. rehab $23,950–$43,110 screening

This townhouse requires extensive repairs and updates to bring it up to modern standards, significantly impacting its resale and rental value.

Components & finishes AI

Flooring hardwood

Repairs flagged

  • Major kitchen cabinets — Old and worn
  • Major bathroom fixtures — Old and worn
  • Major roof — Weathered and damaged
  • Major exterior siding — Worn and exposed
  • Major flooring — Worn hardwood
  • Major paint — Worn and damaged
  • Major windows — Old and possibly leaky

Value-add opportunities

  • Resale New kitchen cabinets and countertops — Modernizes the kitchen and improves functionality
  • Resale New bathroom fixtures and tiling — Modernizes the bathroom and improves functionality
  • Resale New roof — Improves the overall appearance and functionality of the home
  • Resale New exterior siding and paint — Improves the overall appearance and functionality of the home
  • Resale New flooring — Modernizes the flooring and improves functionality
  • Resale New paint — Modernizes the interior and improves functionality
  • Resale New windows — Improves the overall appearance and functionality of the home

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 37/100

Zoned Schools

Elementary President Thomas Jefferson Elementary School F HI #73/183 Nat'l #16,061/41,679 Middle President George Washington Middle School F HI #17/42 Nat'l #6,571/14,009 High Kaimuki High School F HI #35/43 Nat'l #11,215/17,239

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 · 1,072,641 people
City population
309,956
Metro
Urban Honolulu, HI
Population (ZIP)
27,530
Household income
$77,096
Rent vs Own
55.1% rent · 44.9% own
Severe rent burden
15% of renters

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 0.71)
Race & ethnicity
Asian 41% White 35% Two or more races 16% Hispanic / Latino 6% Pacific Islander 4% Black 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 1%
Common ancestry
Romanian 2% Lithuanian 2% Slovak 2%
Foreign-born
30% · China, South Korea, Canada
Languages at home
66% English-only · Other Asian/Pacific 15% Chinese 5% 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

Price history

-76.9% since first listed
9 events — show timeline
  • 2026-06-01 Listed $150,000 HiCentral MLS
  • 2026-05-31 Listing Removed HiCentral MLS
  • 2025-12-03 Listed $150,000 HiCentral MLS
  • 2015-05-29 Sold (Public Records) $104,865 Public Records
  • 2015-05-29 Sold (MLS) $104,865 HiCentral MLS
  • 2015-01-09 Listed $109,900 HiCentral MLS
  • 1998-12-22 Sold (Public Records) $1,605,600 Public Records
  • 1998-04-09 Sold (Public Records) $745,500 Public Records
  • 1997-09-09 Sold (Public Records) $648,900 Public Records

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…