92-8489 Bamboo Ln · Hawaiian Ocean View, HI 96737

$259,000

1 bd · 1.0 ba · 1,024 sqft · SingleFamily · 28 Days on market

Built 2011 4.00 ac lot

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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 +10.5/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.7/10.0
• 1% rule +3.1/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.4/5.0

Listing remarks MLS

Wonderful 4 consolidated acres (all wide lots) from the corner down that have big trees, slope gently down with shrubs, bushes etc. . Gated. . perfect property for privacy, peace and quiet and would be especially ideal for anyone that likes gardening (or is a ham operator). . as there are two antenna's all set up. . and can be removed if not interested. There are two homes that are recognized by the County but not permitted? . . one is 1024sqft that has two master suites. . an open kitchen/living room and a big screened sunroom too - there is permanent electricity to this home. The second home was built from two containers with an open studio bedroom/bathroom and kitchen. . there are 2 potting sheds/green houses and also a storage container workshop. . and three water catchment tanks too. .Can be turnkey - Sellers can leave everything you see. .. furniture, tools, everything. . and the potential is here . .. 'As Is' please. ..

Key facts

• Large sunroom
• Detached shop
• 4 acre lot

Tags

• 4 ACRE LOT
• LARGE SUNROOM
• SEPARATE GREENHOUSE
• DETACHED SHOP
• TWO STORAGE FACILITIES
• TWO GATED ENTRANCES

Property features AI

Finance

• Financial info: Not used as a short-term vacation rental

Exterior

• Parking: Covered parking
• Utilities: Electricity available with underground utilities; Catchment water; Cesspool sewer; No solid waste disposal provided
• Exterior features: Paved road access; Fee simple ownership; Lava zone 2; Zoned A-1A; No agriculture dedication

Interior

• Bathrooms: Total of 1 bathroom (1 full)
• Interior features: One full bathroom

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $259k.

Deal economics

• At list price, monthly cash flow is $-131 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $240k (7.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (18.9% below list).
• Recommended offer: $210k (18.9% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 4.3% 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-, 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.
• Zoned schools: Naalehu Elementary School (math 8% / reading 22%, grade F, #171 of 183 statewide, top 94%, 422 students, 70% FRL) — zoned schools average 70% FRL vs 39% district-wide (31 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 15% at this address vs 41% district-wide (-26 pts) — the specific schools serving this property underperform the Hawaii Department Of Education average; the district grade overstates school quality for this exact location.
• Market conditions: 248 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 $10k 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.
• 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 28 days — a 2% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 $160k; list at $259k implies a 62% gain — meaningful room to come down on a strong offer.

Recommended offer $210,000 (18.9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.81% ✗
• Cap rate: 5.69%
• Cash-on-cash: -2.17%
• DSCR: 0.90
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $140,288
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
92-8429 Reef Makai Cir	0.20mi	1/1.0	900 (-12%)	23mo	$123,400	$137	51

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.32×
• Total profit: $22,896
• Equity at exit: $116,458

10-year hold

• IRR: 8.5%
• Equity multiple: 2.29×
• Total profit: $93,273
• Equity at exit: $179,475

Cash invested: $72,520 (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 96737

• Active inventory: 248
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$1,358
• Tax est. 1.5%: −$324 /mo · $3,885/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $-131

Break-even live

Break-even rent $2,266

Max offer price $240,060

Occupancy floor —

Sensitivity live

Price	-10% $48	-5% $-41	+0% $-131	+5% $-220	+10% $-310
Rent	-10% $-297	-5% $-214	+0% $-131	+5% $-48	+10% $35
Rate	-1.0pp $0	-0.5pp $-65	base $-131	+0.5pp $-198	+1.0pp $-266

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
92-2136 Coral Pkwy Captain Cook, HI	2.0	2.5	1296	$2,100	$1.62	45d	1	1.19mi

Listing history 15 events

1. 2026-06-13
   days on market $259,000 Active 28 DOM
2. 2026-06-13
   days on market $259,000 Active 27 DOM
3. 2026-06-10
   days on market $259,000 Active 25 DOM
4. 2026-06-09
   days on market $259,000 Active 24 DOM
5. 2026-06-08
   days on market $259,000 Active 23 DOM
6. 2026-06-07
   days on market $259,000 Active 22 DOM
7. 2026-06-05
   days on market $259,000 Active 19 DOM
8. 2026-06-03
   days on market $259,000 Active 18 DOM
9. 2026-06-02
   days on market $259,000 Active 17 DOM
10. 2026-06-01
    days on market $259,000 Active 16 DOM
11. 2026-05-31
    days on market $259,000 Active 15 DOM
12. 2026-05-04
    listed $259,000 Active
13. 2020-01-15
    soldstatus $160,000 Sold 952-char remark

    Show marketing remark (952 chars)

    Wonderful 4 consolidated acres (all wide lots) from the corner down that have big trees, slope gently down with shrubs, bushes etc. . Gated. . perfect property for privacy, peace and quiet and would be especially ideal for anyone that likes gardening (or is a ham operator). . as there are two antenna's all set up. . and can be removed if not interested. There are two homes that are recognized by the County but not permitted? . . one is 1024sqft that has two master suites. . an open kitchen/living room and a big screened sunroom too - there is permanent electricity to this home. The second home was built from two containers with an open studio bedroom/bathroom and kitchen. . there are 2 potting sheds/green houses and also a storage container workshop. . and three water catchment tanks too. .Can be turnkey - Sellers can leave everything you see. .. furniture, tools, everything. . and the potential is here . .. 'As Is' please. ..

14. 2019-12-09
    status Under Contract 952-char remark

    Show marketing remark (952 chars)

    Wonderful 4 consolidated acres (all wide lots) from the corner down that have big trees, slope gently down with shrubs, bushes etc. . Gated. . perfect property for privacy, peace and quiet and would be especially ideal for anyone that likes gardening (or is a ham operator). . as there are two antenna's all set up. . and can be removed if not interested. There are two homes that are recognized by the County but not permitted? . . one is 1024sqft that has two master suites. . an open kitchen/living room and a big screened sunroom too - there is permanent electricity to this home. The second home was built from two containers with an open studio bedroom/bathroom and kitchen. . there are 2 potting sheds/green houses and also a storage container workshop. . and three water catchment tanks too. .Can be turnkey - Sellers can leave everything you see. .. furniture, tools, everything. . and the potential is here . .. 'As Is' please. ..

15. 2019-11-22
    listed $165,000 Active 952-char remark

    Show marketing remark (952 chars)

    Wonderful 4 consolidated acres (all wide lots) from the corner down that have big trees, slope gently down with shrubs, bushes etc. . Gated. . perfect property for privacy, peace and quiet and would be especially ideal for anyone that likes gardening (or is a ham operator). . as there are two antenna's all set up. . and can be removed if not interested. There are two homes that are recognized by the County but not permitted? . . one is 1024sqft that has two master suites. . an open kitchen/living room and a big screened sunroom too - there is permanent electricity to this home. The second home was built from two containers with an open studio bedroom/bathroom and kitchen. . there are 2 potting sheds/green houses and also a storage container workshop. . and three water catchment tanks too. .Can be turnkey - Sellers can leave everything you see. .. furniture, tools, everything. . and the potential is here . .. 'As Is' please. ..

ⓘ 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: $25,200
• − Mortgage interest: −$14,508
• − Property taxes: −$3,885
• − Insurance: −$1,295
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$7,535
• Taxable loss: −$6,055
• Est. tax savings @ 24.0%: +$1,453
• After-tax cash flow: $-118/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 — 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

+57.0% since first listed

4 events — show timeline

• 2026-05-04 Listed $259,000 HI Information Service
• 2020-01-15 Sold (MLS) $160,000 HI Information Service
• 2019-12-09 Pending — HI Information Service
• 2019-11-22 Listed $165,000 HI Information Service