89-A Kawailani St · Hilo, HI 96720

$290,030

3 bd · 1.0 ba · 1,556 sqft · SingleFamily public records · 262 Days on market

Built 1938 0.34 ac lot $186/sqft · 50% below area Est $579k · 50% under

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Why this score? — see what drove the C- 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 +15.4/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Schools +3.7/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

Key facts

• 000 sf lot
• 15
• 0.34 acre lot

Tags

• FRUIT PRODUCING MANGO TREES
• FRUIT PRODUCING AVOCADO TREES
• 15
• 000 SF LOT
• PLENTY OF PARKING SPACES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $112 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $238k (17.9% below list).
• Recommended offer: $238k (17.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 1.8% in Hilo — 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 65/100 on livability (#58 in HI) — a middle-class / working-renter tenant base. Strengths: health & safety A+, housing B+; Watch: crime C-, amenities F, commute 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: 135 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 982 units permitted in Hawaii County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($81k/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 $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 262 days — a 12% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask is 93% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $210k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $237,973 (17.9% below list)

Questions for the listing agent

1. It's been on market 262 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.82% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.65%
• DSCR: 1.07
• GRM: 10.2

CMA / ARV

• ARV (median comp): $579,349
• List price: $290,030
• Delta: -49.94%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 Noelani Loop	0.65mi	3/2.0	1,572 (+1%)	5mo	$725,000	$461	60
90 Santos St	0.51mi	3/2.0	1,596 (+3%)	11mo	$550,000	$345	59
217 Haihai St	0.65mi	3/2.0	1,416 (-9%)	11mo	$550,000	$388	42
2679 Kilauea Ave	0.54mi	3/3.0	1,345 (-14%)	16mo	$775,000	$576	31

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: -13.7%
• Equity multiple: 0.51×
• Total profit: $-39,976
• Equity at exit: $43,244

10-year hold

• IRR: -4.9%
• Equity multiple: 0.68×
• Total profit: $-26,073
• Equity at exit: $25,076

Cash invested: $81,208 (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 96720

• Active inventory: 135
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,380 medium
• Mortgage (P&I): −$1,521
• Tax from tax record: −$126 /mo · $1,515/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$500
• Net cashflow: $112

Break-even live

Break-even rent $2,238

Max offer price $290,030

Occupancy floor 90%

Sensitivity live

Price	-10% $276	-5% $194	+0% $112	+5% $30	+10% $-52
Rent	-10% $-76	-5% $18	+0% $112	+5% $206	+10% $300
Rate	-1.0pp $258	-0.5pp $186	base $112	+0.5pp $37	+1.0pp $-40

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: $72,508
• Closing costs: $8,701
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
230 Nohea St Hilo, HI	3.0	2.0	1298	$2,300	$1.77	17d	1	0.49mi
12 Maikai St Hilo, HI	3.0	1.0	1104	$2,300	$2.08	44d	1	0.76mi
1770b Kilauea Ave Hilo, HI	3.0	2.0	1491	$2,500	$1.68	20d	1	1.21mi

Listing history 28 events

1. 2026-06-18
   days on market $290,030 Active 262 DOM
2. 2026-06-17
   days on market $290,030 Active 261 DOM
3. 2026-06-15
   days on market $290,030 Active 259 DOM
4. 2026-06-13
   days on market $290,030 Active 257 DOM
5. 2026-06-13
   days on market $290,030 Active 256 DOM
6. 2026-06-10
   days on market $290,030 Active 254 DOM
7. 2026-06-09
   days on market $290,030 Active 253 DOM
8. 2026-06-08
   days on market $290,030 Active 252 DOM
9. 2026-06-07
   days on market $290,030 Active 251 DOM
10. 2026-06-05
    days on market $290,030 Active 248 DOM
11. 2026-06-03
    days on market $290,030 Active 247 DOM
12. 2026-06-02
    days on market $290,030 Active 246 DOM
13. 2026-06-01
    days on market $290,030 Active 245 DOM
14. 2026-05-31
    days on market $290,030 Active 244 DOM
15. 2026-04-22
    price $290,030 964-char remark

    Show marketing remark (964 chars)

    Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

16. 2025-11-05
    status Active 964-char remark

    Show marketing remark (964 chars)

    Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

17. 2025-10-23
    historical Active Under Contract 964-char remark

    Show marketing remark (964 chars)

    Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

18. 2025-10-21
    status Active 964-char remark

    Show marketing remark (964 chars)

    Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

19. 2025-09-30
    price $299,000 964-char remark

    Show marketing remark (964 chars)

    Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

20. 2025-09-07
    listed $150,000 Active 964-char remark

    Show marketing remark (964 chars)

    Nice opportunity for a rehab property in Hilo town. The property was renovated before the fire damage. Fire and water damaged areas were cleaned out. The house is within walking distance to Waiakeawaena elementary school, Andrew's gym, and is located conveniently near shopping, banking, restaurant, etc. County permitted square footage is 1556. Three bedrooms with one bath upstairs and three bedrooms with one bathroom downstairs. Ground termite treatment completed in 2022. Roofing and cement siding conditions are great. Fruit producing mango and avocado trees on site. The lot is 15,000 sf with plenty of parking spaces. Located on a cul-de-sac so the property is limited to through traffic. Buyer and Buyer's agent to their own due diligence. NO CONTINGENCIS-AS-IS please add addendum. Please do a drive-by and look in windows before scheduling an appointment to view inside. The house is boarded up and easily viewed from the outside. Fire and Water damage.

21. 2021-10-15
    soldstatus $210,000 Sold 403-char remark

    Show marketing remark (403 chars)

    Fixer Upper in Hilo is perfect opportunity for a do it yourself handyman. Convenient location near schools, shopping, banking, etc. Separate living area downstairs may be used for extended family. 3 bedroom 1 bath upstairs; 3 bedroom 1/2 bath downstairs. Take a look today!Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts

22. 2021-08-06
    historical Contingent 403-char remark

    Show marketing remark (403 chars)

    Fixer Upper in Hilo is perfect opportunity for a do it yourself handyman. Convenient location near schools, shopping, banking, etc. Separate living area downstairs may be used for extended family. 3 bedroom 1 bath upstairs; 3 bedroom 1/2 bath downstairs. Take a look today!Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts

23. 2021-07-23
    status Active 403-char remark

    Show marketing remark (403 chars)

    Fixer Upper in Hilo is perfect opportunity for a do it yourself handyman. Convenient location near schools, shopping, banking, etc. Separate living area downstairs may be used for extended family. 3 bedroom 1 bath upstairs; 3 bedroom 1/2 bath downstairs. Take a look today!Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts

24. 2021-07-19
    historical Contingent 403-char remark

    Show marketing remark (403 chars)

    Fixer Upper in Hilo is perfect opportunity for a do it yourself handyman. Convenient location near schools, shopping, banking, etc. Separate living area downstairs may be used for extended family. 3 bedroom 1 bath upstairs; 3 bedroom 1/2 bath downstairs. Take a look today!Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts

25. 2021-07-14
    listed $210,000 Active 403-char remark

    Show marketing remark (403 chars)

    Fixer Upper in Hilo is perfect opportunity for a do it yourself handyman. Convenient location near schools, shopping, banking, etc. Separate living area downstairs may be used for extended family. 3 bedroom 1 bath upstairs; 3 bedroom 1/2 bath downstairs. Take a look today!Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts

26. 2020-03-17
    historical
27. 2019-08-17
    listed $210,000 Active
28. 2011-11-25
    soldstatus $52,500

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

Tax reassessment forecast HI · Partial reset (capped growth)

• Current annual tax: $1,515 · $126/mo
• Projected year-2 tax: $1,515 · $126/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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: $28,557
• − Mortgage interest: −$16,246
• − Property taxes: −$1,515
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,285
• − Management: −$2,285
• − Depreciation: −$8,437
• Taxable loss: −$3,661
• Est. tax savings @ 24.0%: +$879
• After-tax cash flow: $2,222/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 — Hilo

• Score: 65/100
• State rank: #58
• US rank: #13484

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hilo, HI
• County: Hawaii County · 119,311 people
• City population: 52,979
• Metro: Hilo, HI
• Population (ZIP): 52,979
• Household income: $80,938
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 1617.0

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 0.86)
• Race & ethnicity: Two or more races 36% Asian 31% White 17% Pacific Islander 14% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Russian 7% Italian 1% Lithuanian 1%
• Foreign-born: 10% · China, Canada, South Korea
• Languages at home: 76% English-only · Other Asian/Pacific 13% Spanish 2% Tagalog/Filipino 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: ▼ -358.67%
• Current HPI: 173.2932
• Rent YoY: —
• Metro: Hilo, HI
• State GDP YoY: —
• F500 in state: 0

Price history

+452.4% since first listed

14 events — show timeline

• 2026-04-22 Price Changed $290,030 HI Information Service
• 2025-11-05 Relisted — HI Information Service
• 2025-10-23 Contingent — HI Information Service
• 2025-10-21 Relisted — HI Information Service
• 2025-09-30 Price Changed $299,000 HI Information Service
• 2025-09-07 Listed $150,000 HI Information Service
• 2021-10-15 Sold (MLS) $210,000 HI Information Service
• 2021-08-06 Contingent — HI Information Service
• 2021-07-23 Relisted — HI Information Service
• 2021-07-19 Contingent — HI Information Service
• 2021-07-14 Listed $210,000 HI Information Service
• 2020-03-17 Listing Removed — HI Information Service
• 2019-08-17 Listed $210,000 HI Information Service
• 2011-11-25 Sold (Public Records) $52,500 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,515 · -41.0% YoY. Source: county tax records.