92-1435 Aloha Blvd · Hawaiian Ocean View, HI 96737

$250,000

4 bd · 2.0 ba · 1,518 sqft · SingleFamily · 208 Days on market

Built 2008 Good condition 1.00 ac lot $165/sqft · 25% above area Est $200k · 25% over

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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 +29.3/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Appreciation +5.0/10.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Discover exceptional flexibility and value on this 1-acre Ocean View property, featuring a 4-bedroom, 2-bath home with strong multi-generational or rental potential! Built in 2008, the 1,518 sq. ft. home offers two identical living spaces—a full first floor and full second floor, each with the same layout, separate exterior entrances, and no interior connection. Perfect for extended ohana (family), guests, or dual-rental possibilities. The upper level includes a spacious lanai with sweeping ocean views, ideal for relaxing and enjoying the beautiful Hawaiian scenery. In addition to the main home, the property includes three 10' x 12' outbuildings, offering storage, workshop space, or creative-use potential. There’s also a massive 800 sq. ft. quonset-style greenhouse, ready for gardening, homesteading, or hobby projects. Infrastructure is a standout: 
• Overhead HELCO power
 • Two septic systems 
• 10,000-gallon catchment tank 
• Laminate wood flooring throughout the main home 
• Two driveways — one leading to the main house at the back of the lot, and another serving two of the outbuildings along with a large graded pad, a prime location for a future structure or possible ADU utilizing the second septic system (buyer to verify). Conveniently located close to the highway, essential amenities are just a short drive away, where you'll find gas stations, grocery stores, shopping centers, a hardware store, propane/rentals, local restaurants, a Post Office, and an auto parts store, ensuring all your daily needs are met with ease. Whether you’re looking for a flexible multi-generational setup, rental income potential, or room to grow, this versatile Ocean View property delivers opportunity on day one!

Key facts

• Three outbuildings
• 800 sq ft greenhouse
• Spacious lanai

Tags

• MULTI-GENERATIONAL POTENTIAL
• TWO IDENTICAL LIVING SPACES
• SEPARATE EXTERIOR ENTRANCES
• SPACIOUS LANAI
• THREE OUTBUILDINGS
• 800 SQ FT GREENHOUSE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $879 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.2% in Hawaiian Ocean View — 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 48/100 on livability (#151 in HI) — a working-class tenant base; expect higher turnover. Watch: housing C-, health & safety C-, schools D.
• 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: 247 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 982 units permitted in Hawaii County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $8k appreciation (3.0% local appreciation)).
• Hawaii County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 208 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $95k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 208 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.32% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.3

CMA / ARV

• ARV (median comp): $199,779
• List price: $250,000
• Delta: 25.14%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 21.7%
• Equity multiple: 2.23×
• Total profit: $86,169
• Equity at exit: $112,411

10-year hold

• IRR: 22.7%
• Equity multiple: 4.26×
• Total profit: $228,376
• Equity at exit: $173,238

Cash invested: $70,000 (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 96737

• Active inventory: 247
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $3,300 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$693
• Net cashflow: $879

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 68%

Sensitivity live

Price	-10% $1,052	-5% $966	+0% $879	+5% $793	+10% $707
Rent	-10% $619	-5% $749	+0% $879	+5% $1,010	+10% $1,140
Rate	-1.0pp $1,005	-0.5pp $943	base $879	+0.5pp $815	+1.0pp $749

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
92-9039 Ginger Blossom Ln Captain Cook, HI	3.0	2.0	1872	$3,300	$1.76	44d	1	0.52mi

Listing history 20 events

1. 2026-06-18
   days on market $250,000 Active 208 DOM
2. 2026-06-17
   days on market $250,000 Active 207 DOM
3. 2026-06-15
   days on market $250,000 Active 205 DOM
4. 2026-06-13
   days on market $250,000 Active 203 DOM
5. 2026-06-13
   days on market $250,000 Active 202 DOM
6. 2026-06-10
   days on market $250,000 Active 200 DOM
7. 2026-06-09
   days on market $250,000 Active 199 DOM
8. 2026-06-08
   days on market $250,000 Active 198 DOM
9. 2026-06-07
   days on market $250,000 Active 197 DOM
10. 2026-06-05
    days on market $250,000 Active 194 DOM
11. 2026-06-03
    days on market $250,000 Active 193 DOM
12. 2026-06-02
    days on market $250,000 Active 192 DOM
13. 2026-06-01
    days on market $250,000 Active 191 DOM
14. 2026-05-31
    days on market $250,000 Active 190 DOM
15. 2026-04-29
    price $275,000 1773-char remark

    Show marketing remark (1773 chars)

    Discover exceptional flexibility and value on this 1-acre Ocean View property, featuring a 4-bedroom, 2-bath home with strong multi-generational or rental potential! Built in 2008, the 1,518 sq. ft. home offers two identical living spaces—a full first floor and full second floor, each with the same layout, separate exterior entrances, and no interior connection. Perfect for extended ohana (family), guests, or dual-rental possibilities. The upper level includes a spacious lanai with sweeping ocean views, ideal for relaxing and enjoying the beautiful Hawaiian scenery. In addition to the main home, the property includes three 10' x 12' outbuildings, offering storage, workshop space, or creative-use potential. There’s also a massive 800 sq. ft. quonset-style greenhouse, ready for gardening, homesteading, or hobby projects. Infrastructure is a standout: 
• Overhead HELCO power
 • Two septic systems 
• 10,000-gallon catchment tank 
• Laminate wood flooring throughout the main home 
• Two driveways — one leading to the main house at the back of the lot, and another serving two of the outbuildings along with a large graded pad, a prime location for a future structure or possible ADU utilizing the second septic system (buyer to verify). Conveniently located close to the highway, essential amenities are just a short drive away, where you'll find gas stations, grocery stores, shopping centers, a hardware store, propane/rentals, local restaurants, a Post Office, and an auto parts store, ensuring all your daily needs are met with ease. Whether you’re looking for a flexible multi-generational setup, rental income potential, or room to grow, this versatile Ocean View property delivers opportunity on day one!

16. 2026-01-28
    price $299,000 1773-char remark

    Show marketing remark (1773 chars)

    Discover exceptional flexibility and value on this 1-acre Ocean View property, featuring a 4-bedroom, 2-bath home with strong multi-generational or rental potential! Built in 2008, the 1,518 sq. ft. home offers two identical living spaces—a full first floor and full second floor, each with the same layout, separate exterior entrances, and no interior connection. Perfect for extended ohana (family), guests, or dual-rental possibilities. The upper level includes a spacious lanai with sweeping ocean views, ideal for relaxing and enjoying the beautiful Hawaiian scenery. In addition to the main home, the property includes three 10' x 12' outbuildings, offering storage, workshop space, or creative-use potential. There’s also a massive 800 sq. ft. quonset-style greenhouse, ready for gardening, homesteading, or hobby projects. Infrastructure is a standout: 
• Overhead HELCO power
 • Two septic systems 
• 10,000-gallon catchment tank 
• Laminate wood flooring throughout the main home 
• Two driveways — one leading to the main house at the back of the lot, and another serving two of the outbuildings along with a large graded pad, a prime location for a future structure or possible ADU utilizing the second septic system (buyer to verify). Conveniently located close to the highway, essential amenities are just a short drive away, where you'll find gas stations, grocery stores, shopping centers, a hardware store, propane/rentals, local restaurants, a Post Office, and an auto parts store, ensuring all your daily needs are met with ease. Whether you’re looking for a flexible multi-generational setup, rental income potential, or room to grow, this versatile Ocean View property delivers opportunity on day one!

17. 2025-12-30
    price $320,000 1773-char remark

    Show marketing remark (1773 chars)

    Discover exceptional flexibility and value on this 1-acre Ocean View property, featuring a 4-bedroom, 2-bath home with strong multi-generational or rental potential! Built in 2008, the 1,518 sq. ft. home offers two identical living spaces—a full first floor and full second floor, each with the same layout, separate exterior entrances, and no interior connection. Perfect for extended ohana (family), guests, or dual-rental possibilities. The upper level includes a spacious lanai with sweeping ocean views, ideal for relaxing and enjoying the beautiful Hawaiian scenery. In addition to the main home, the property includes three 10' x 12' outbuildings, offering storage, workshop space, or creative-use potential. There’s also a massive 800 sq. ft. quonset-style greenhouse, ready for gardening, homesteading, or hobby projects. Infrastructure is a standout: 
• Overhead HELCO power
 • Two septic systems 
• 10,000-gallon catchment tank 
• Laminate wood flooring throughout the main home 
• Two driveways — one leading to the main house at the back of the lot, and another serving two of the outbuildings along with a large graded pad, a prime location for a future structure or possible ADU utilizing the second septic system (buyer to verify). Conveniently located close to the highway, essential amenities are just a short drive away, where you'll find gas stations, grocery stores, shopping centers, a hardware store, propane/rentals, local restaurants, a Post Office, and an auto parts store, ensuring all your daily needs are met with ease. Whether you’re looking for a flexible multi-generational setup, rental income potential, or room to grow, this versatile Ocean View property delivers opportunity on day one!

18. 2025-11-20
    listed $345,000 Active 1773-char remark

    Show marketing remark (1773 chars)

    Discover exceptional flexibility and value on this 1-acre Ocean View property, featuring a 4-bedroom, 2-bath home with strong multi-generational or rental potential! Built in 2008, the 1,518 sq. ft. home offers two identical living spaces—a full first floor and full second floor, each with the same layout, separate exterior entrances, and no interior connection. Perfect for extended ohana (family), guests, or dual-rental possibilities. The upper level includes a spacious lanai with sweeping ocean views, ideal for relaxing and enjoying the beautiful Hawaiian scenery. In addition to the main home, the property includes three 10' x 12' outbuildings, offering storage, workshop space, or creative-use potential. There’s also a massive 800 sq. ft. quonset-style greenhouse, ready for gardening, homesteading, or hobby projects. Infrastructure is a standout: 
• Overhead HELCO power
 • Two septic systems 
• 10,000-gallon catchment tank 
• Laminate wood flooring throughout the main home 
• Two driveways — one leading to the main house at the back of the lot, and another serving two of the outbuildings along with a large graded pad, a prime location for a future structure or possible ADU utilizing the second septic system (buyer to verify). Conveniently located close to the highway, essential amenities are just a short drive away, where you'll find gas stations, grocery stores, shopping centers, a hardware store, propane/rentals, local restaurants, a Post Office, and an auto parts store, ensuring all your daily needs are met with ease. Whether you’re looking for a flexible multi-generational setup, rental income potential, or room to grow, this versatile Ocean View property delivers opportunity on day one!

19. 2014-09-02
    listed $200,000
20. 2013-12-12
    listed $190,000

ⓘ 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: $39,600
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$3,168
• − Management: −$3,168
• − Depreciation: −$7,273
• Taxable income: $6,987
• Est. tax owed @ 24.0%: −$1,677
• After-tax cash flow: $8,875/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 · 12 photos

Good 80/100 Cosmetic rehab

This 4-bedroom, 2-bath home on a 1-acre ocean view property is in good condition with minimal repairs needed. It offers excellent multi-generational or rental potential.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Landscaping — Improves curb appeal and rental potential
• Both Replace windows — Improves energy efficiency and value
• Both Replace HVAC system — Improves comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Landscaping — Improves curb appeal and rental potential ↑
• Both Replace windows — Improves energy efficiency and value ↑
• Both Replace HVAC system — Improves comfort and energy efficiency ↑

ⓘ 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 — Hawaiian Ocean View

• Score: 48/100
• State rank: #151
• US rank: #26127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hawaiian Ocean View, HI
• City population: 3,781
• Population (ZIP): 3,781

Population outlook (Hawaii County) Hauer SSP2

• Today (2025): 220,733 people
• By 2030: 232,156 · +5.2%
• By 2040: 252,486 · +14.4%
• By 2050: 272,703 · +23.5%
• By 2075: 332,113 · +50.5%
• By 2100: 398,342 · +80.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.81)
• Race & ethnicity: Two or more races 42% White 39% Hispanic / Latino 16% Asian 6% Pacific Islander 6% Black 1% Native American 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 10%
• Common ancestry: Portuguese 5% Scotch-Irish 4% Hispanic 4%
• Foreign-born: 6% · Canada
• Languages at home: 75% English-only · Other Asian/Pacific 10% Spanish 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Hawaii

• 2024 margin: Strong D (+28.3) · D 63.0% · R 34.7% · Other 2.3%
• 2008→2024 swing: -25.4pp toward R · 2008: 53.7pp · 2024: 28.3pp
• All cycles: 2024: D+28.3 2020: D+36.2 2016: D+36.6 2012: D+51.3 2008: D+53.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+44.7% since first listed

6 events — show timeline

• 2026-04-29 Price Changed $275,000 HI Information Service
• 2026-01-28 Price Changed $299,000 HI Information Service
• 2025-12-30 Price Changed $320,000 HI Information Service
• 2025-11-20 Listed $345,000 HI Information Service
• 2014-09-02 Listed $200,000 HI Information Service
• 2013-12-12 Listed $190,000 HI Information Service