14-3361 Mauna Kea Rd · Nanawale Estates, HI 96778

$92,000

1 bd · 1.0 ba · 480 sqft · SingleFamily · 24 Days on market

Built 2009 Good condition 9,000 sqft lot $11/mo HOA · 1% of rent

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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
• Condition / age +3.8/5.0
• Schools +3.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This Pililani HPM kit home offers a thoughtfully designed 1-bedroom, 1-bath layout with a covered front lanai—ideal for embracing indoor-outdoor island living on the Big Island. The home is set approximately 250 feet off the paved road and backs up to expansive 930-acre agriculturally zoned land providing an exclusive sense of privacy. Originally built in 2009 according to county approved plans, it sits on a cement foundation that has already passed inspection, creating a solid base for completion. Electrical work has been completed by licensed electricians, and the property currently has power connected through the Hawaiian Electric Company. A smaller catchment tank is already in pla

Key facts

• Covered front lanai
• Cement foundation
• Gated entry

Tags

• COVERED FRONT LANAI
• CEMENT FOUNDATION
• ELECTRICAL WORK COMPLETED
• GATED ENTRY
• MATURE TANGERINE TREES
• SHADE OF A MANGO TREE

Property features AI

Finance

• HOA & community: Association fee approximately $11

Exterior

• Utilities: Electricity available; Catchment water; No solid waste disposal
• Home design: Fee simple ownership; A-1A zoning
• Construction: Property is under construction
• Exterior features: Level lot; Cleared; Located in Lava Zone 2; Graded and paved roads

Interior

• Bedrooms: 1 bathroom total (1 full)
• Bathrooms: 1 full bathroom
• Interior features: Under construction

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $92k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $91k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#78 in HI) — a middle-class / working-renter tenant base. Strengths: crime A+, housing B; Watch: employment C-, health & safety C-, schools 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: 387 active listings in the ZIP; 982 units permitted in Hawaii County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $636 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• 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 $26k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($91k) is reasonable based on typical stale-listing flexibility.

Recommended offer $90,620 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.53% ✓
• Cap rate: 12.39%
• Cash-on-cash: 21.78%
• DSCR: 1.97
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 14.4%
• Equity multiple: 1.58×
• Total profit: $14,903
• Equity at exit: $13,717

10-year hold

• IRR: 23.2%
• Equity multiple: 3.00×
• Total profit: $51,442
• Equity at exit: $7,954

Cash invested: $25,760 (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 96778

• Home prices YoY: -15.3%
• Active inventory: 387
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,411 medium
• Mortgage (P&I): −$482
• Tax est. 1.5%: −$115 /mo · $1,380/yr
• Insurance: −$38
• HOA: −$11
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $468

Break-even live

Break-even rent $819

Max offer price $92,000

Occupancy floor 62%

Sensitivity live

Price	-10% $531	-5% $499	+0% $468	+5% $436	+10% $404
Rent	-10% $356	-5% $412	+0% $468	+5% $523	+10% $579
Rate	-1.0pp $514	-0.5pp $491	base $468	+0.5pp $444	+1.0pp $420

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $11 · $132/yr
• Likely covers: electric

Listing history 16 events

1. 2026-06-18
   days on market $92,000 Active 24 DOM
2. 2026-06-17
   days on market $92,000 Active 23 DOM
3. 2026-06-16
   days on market $92,000 Active 22 DOM
4. 2026-06-15
   days on market $92,000 Active 21 DOM
5. 2026-06-13
   days on market $92,000 Active 19 DOM
6. 2026-06-13
   days on market $92,000 Active 18 DOM
7. 2026-06-10
   days on market $92,000 Active 16 DOM
8. 2026-06-09
   days on market $92,000 Active 15 DOM
9. 2026-06-08
   days on market $92,000 Active 14 DOM
10. 2026-06-07
    days on market $92,000 Active 13 DOM
11. 2026-06-05
    days on market $92,000 Active 10 DOM
12. 2026-06-03
    days on market $92,000 Active 9 DOM
13. 2026-06-02
    days on market $92,000 Active 8 DOM
14. 2026-06-01
    days on market $92,000 Active 7 DOM
15. 2026-05-31
    days on market $92,000 Active 6 DOM
16. 2026-04-16
    listed $92,000 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: $16,928
• − Mortgage interest: −$5,153
• − Property taxes: −$1,380
• − Insurance: −$460
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − HOA: −$132
• − Depreciation: −$2,676
• Taxable income: $4,418
• Est. tax owed @ 24.0%: −$1,060
• After-tax cash flow: $4,551/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 · 13 photos

Good 75/100 Cosmetic rehab

This Pililani HPM kit home is in good condition with a good foundation and solid structure. It has a good roof, exterior, and interior walls. The kitchen and bathrooms are clean and functional. The home is set on a cement foundation and has power connected. The property has a well-maintained lawn and plants. The home is ideal for indoor-outdoor island living and has a good sense of privacy.

Value-add opportunities

• Both Paint the exterior — Enhances curb appeal and resale value
• Both Landscaping improvements — Enhances curb appeal and rental value
• Resale Replace countertops — Modernizes the kitchen and improves resale value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior — Enhances curb appeal and resale value ↑
• Both Landscaping improvements — Enhances curb appeal and rental value ↑
• Resale Replace countertops — Modernizes the kitchen and improves resale 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 — Nanawale Estates

• Score: 61/100
• State rank: #78
• US rank: #17834

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Nanawale Estates, HI
• Population (ZIP): 14,225

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 0.82)
• Race & ethnicity: White 37% Two or more races 30% Hispanic / Latino 15% Pacific Islander 15% Asian 12%
• Hispanic origin (detail): Mexican 4% Puerto Rican 9%
• Common ancestry: Russian 7% Italian 3% Romanian 3%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 77% English-only · Other Asian/Pacific 11% Tagalog/Filipino 1% Russian/Polish/Slavic 1%

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: ▼ -31.52%
• Current HPI: 173.8168
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-04-16 Listed $92,000 HI Information Service