2481 Kaanapali Pkwy Unit 324 J · Kaanapali, HI 96761

$52,000

1 bd · 2.0 ba · 905 sqft · Timeshare · 14 Days on market

Built 1974 6.67 ac lot Est $96k · 46% under $346/mo HOA · 10% of rent

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.2/10.0

Listing remarks

Whaler Time Interval 324 J offers a prime to visit Maui during Mother's Day, with usage dates May 1-15. For Buyers wanting 4 weeks - 324 K is also listed for sale separately. This spacious 1-bedroom 2-bath Whaler Time Interval unit was renovated in 2013 which included new tile flooring, hardwood cabinetry, granite counter tops, stainless steel appliances, and fully remodeled bathrooms. Owners can choose to participate in exchanging their weeks in Intervals International. The annual maintenance fees offer ease of payment with a portion billed in February and the balance due in July. Fees include property taxes, grounds, building and unit maintenance, reserve fund, and housekeeping. The Whale

Key facts

• New tile flooring
• Renovated in 2013
• Granite counter tops

Tags

• RENOVATED IN 2013
• NEW TILE FLOORING
• HARDWOOD CABINETRY
• GRANITE COUNTER TOPS
• STAINLESS STEEL APPLIANCES
• FULLY REMODELED BATHROOMS

Property features AI

Finance

• Other: Located in Hotel District (zoning H-2)
• Financial info: Fee simple ownership; Short-term lease allowed
• HOA & community: Annual association fee; Pets not allowed

Exterior

• Utilities: Underground electric; Public sewer; Phone connected; Cable connected
• Home design: Residential income property; High-rise (4+ stories); Built in 1974; Stair lift or elevator access; Facing direction not specified
• Construction: Stucco and concrete construction; Pitch and gravel roof; Built 1974
• Exterior features: Covered lanai/deck; Tennis courts; Barbecue; Beachfront access; Mountain and ocean views; Private water source; Waterfront property

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Flooring: Carpet; Tile
• Bathrooms: 2 bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Furnished; Kitchenware included; Cable TV; Exercise room; Drapes
• Laundry & utility: Washer; Dryer; Community laundry

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath timeshare listed at $52k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $52k).

Location & tenants

• Location reads 72/100 on livability (#19 in HI) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, commute B+; Watch: health & safety C-, amenities F, cost of living 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: Rents rising (+4.0%/yr); 637 active listings in the ZIP; solid renter incomes; 906 units permitted in Maui County in 2024 (289 in 5+ unit buildings).
• This rent runs 40% of the median local income ($101k/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 $360 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Maui County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $15k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 28y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,000

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 6.48% ✓
• Cap rate: 51.47%
• Cash-on-cash: 161.35%
• DSCR: 8.18
• GRM: 1.3

CMA / ARV

• ARV (on-the-fly): $95,930
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2481 Kaanapali Pkwy Unit 760 G	0.04mi	1/2.0	905 (0%)	5mo	$96,000	$106	94
2481 Kaanapali Pkwy Unit 157 Z	0.04mi	1/2.0	905 (0%)	15mo	$25,000	$28	86
2481 Kaanapali Pkwy Unit 1259G	0.00mi	1/1.0	901 (-0%)	11mo	$79,000	$88	86
2481 Kaanapali Pkwy Unit 610 Z	0.04mi	1/2.0	905 (0%)	16mo	$75,000	$83	85
2481 Kaanapali Pkwy Unit 901/R	0.00mi	1/2.0	941 (+4%)	11mo	$138,000	$147	84
2481 Kaanapali Pkwy Unit 719 D	0.04mi	1/1.0	901 (-0%)	15mo	$105,000	$117	81

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 · 3.97% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.23×
• Total profit: $119,844
• Equity at exit: $7,753

10-year hold

• IRR: —
• Equity multiple: 20.22×
• Total profit: $279,883
• Equity at exit: $4,496

Cash invested: $14,560 (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 96761

• Home prices YoY: -1.9%
• Rents YoY: 4.0%
• Active inventory: 637
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $3,371 medium
• Mortgage (P&I): −$273
• Tax est. 1.5%: −$65 /mo · $780/yr
• Insurance: −$22
• HOA: −$346
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $1,958

Break-even live

Break-even rent $893

Max offer price $52,000

Occupancy floor 37%

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: $13,000
• Closing costs: $1,560
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $346 · $4,152/yr
• Likely covers: landscaping

Listing history 11 events

1. 2026-06-18
   days on market $52,000 Active 14 DOM
2. 2026-06-17
   days on market $52,000 Active 13 DOM
3. 2026-06-16
   days on market $52,000 Active 12 DOM
4. 2026-06-15
   days on market $52,000 Active 11 DOM
5. 2026-06-13
   days on market $52,000 Active 9 DOM
6. 2026-06-13
   days on market $52,000 Active 8 DOM
7. 2026-06-10
   days on market $52,000 Active 6 DOM
8. 2026-06-09
   days on market $52,000 Active 5 DOM
9. 2026-06-08
   days on market $52,000 Active 4 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $52,000 Active 3 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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $40,451
• − Mortgage interest: −$2,913
• − Property taxes: −$780
• − Insurance: −$260
• − Repairs & maintenance: −$3,236
• − Management: −$3,236
• − HOA: −$4,152
• − Depreciation: −$1,513
• Taxable income: $24,361
• Est. tax owed @ 24.0%: −$5,847
• After-tax cash flow: $17,645/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 — Kaanapali

• Score: 72/100
• State rank: #19
• US rank: #6248

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kaanapali, HI
• County: Maui County · 114,195 people
• Metro: Kahului-Wailuku-Lahaina, HI
• Population (ZIP): 20,952
• Household income: $101,123
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 835.0

Population outlook (Maui County) Hauer SSP2

• Today (2025): 185,013 people
• By 2030: 194,315 · +5.0%
• By 2040: 210,917 · +14.0%
• By 2050: 226,396 · +22.4%
• By 2075: 270,475 · +46.2%
• By 2100: 316,825 · +71.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.78)
• Race & ethnicity: White 35% Asian 29% Two or more races 25% Hispanic / Latino 13% Pacific Islander 6%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Russian 3% Lithuanian 2% Iranian 1%
• Foreign-born: 25% · Canada, Vietnam, China
• Languages at home: 74% English-only · Other Asian/Pacific 12% Tagalog/Filipino 6% Spanish 5%

Political lean MEDSL · Maui

• 2024 margin: Strong D (+25.9) · D 61.9% · R 36.0% · Other 2.2%
• 2008→2024 swing: -29.3pp toward R · 2008: 55.2pp · 2024: 25.9pp
• All cycles: 2024: D+25.9 2020: D+35.5 2016: D+38.6 2012: D+50.3 2008: D+55.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -7.68%
• Current HPI: 389.2894
• Rent YoY: ▲ 3.97%
• Metro: Kahului-Wailuku-Lahaina, HI
• State GDP YoY: —
• F500 in state: 0

Price history

+112.2% since first listed

4 events — show timeline

• 2026-06-04 Listed $52,000 RAM MLS
• 2017-01-25 Listing Removed — RAM MLS
• 2015-04-03 Listed $23,000 RAM MLS
• 1998-03-27 Listed $24,500 RAM MLS