92-1925 Ocean View Pkwy · Hawaiian Ocean View, HI 96737

$299,000

3 bd · 2.0 ba · 1,232 sqft · SingleFamily · 23 Days on market

Built 1989 Fair condition 1.00 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 +16.8/30.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• Appreciation +5.0/10.0
• 1% rule +4.6/10.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Spacious 3 Bedroom 2 bath with open living area and large kitchen. This home sits above Ocean View Parkway. This one acre property is located at the lower half of Hawaiian Ocean View Estates at approximately 2500 elevation. While there are homes nearby, forested acres surround this property offering ample privacy and tranquility. Hawaiian Ocean View Estates is approximately 45 miles south of Kona and a 20 minute drive to Hawaii Island Beaches. .. South Point, Green Sand Beach, and Punalu'u Black Sand Beach. The community is self-sufficient with grocery stores, gas stations, a post office, a hardware store and more. The information herein, while deemed to be reliable may contain inaccuracies and is provided without warranty or guaranty of any kind. Agents and Prospective Buyers are urged to conduct their own due diligence and verify any info they deem material prior to ?committing to the purchase of this property. You may view 360 tour here https://bit.ly/921925oceanview

Key facts

• Remodeled kitchen
• New gutters
• New roof

Tags

• NEW ROOF
• NEW GUTTERS
• REMODELED KITCHEN
• WATER CATCHMENT SYSTEM
• EXPAND OUTDOOR LIVING SPACES

Property features AI

Finance

• Other: Paved roads
• HOA & community: No special assessments; No common area expenses

Exterior

• Utilities: Catchment water; Cesspool sewer; Cable available; Electricity available; Phone available; Cable, fiber‑optic, and satellite internet; No solid waste disposal service
• Home design: Double wall construction; Wood frame design; Full ownership
• Construction: Double wall and wood frame construction
• Exterior features: Stone fencing; Cleared, grassy lot; Gentle slope topography; Fee simple land tenure; Lava zone 2

Interior

• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Interior features: Carpet and laminate flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $190 ($2k/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 $286k (4.5% below list).
• Recommended offer: $286k (4.5% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.7% 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: 248 active listings in the ZIP; 2 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 $11k of equity ($2k loan paydown + $9k 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 $84k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $21k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $200k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $285,623 (4.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 0.96% ✗
• Cap rate: 7.06%
• Cash-on-cash: 2.72%
• DSCR: 1.12
• GRM: 8.7

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: 10.0%
• Equity multiple: 1.58×
• Total profit: $48,170
• Equity at exit: $134,443

10-year hold

• IRR: 12.4%
• Equity multiple: 2.85×
• Total profit: $154,617
• Equity at exit: $207,193

Cash invested: $83,720 (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: 8.7×

Monthly cashflow live

• Estimated rent: $2,856 medium
• Mortgage (P&I): −$1,568
• Tax est. 1.5%: −$374 /mo · $4,485/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$600
• Net cashflow: $190

Break-even live

Break-even rent $2,616

Max offer price $299,000

Occupancy floor 88%

Sensitivity live

Price	-10% $397	-5% $293	+0% $190	+5% $87	+10% $-17
Rent	-10% $-36	-5% $77	+0% $190	+5% $303	+10% $416
Rate	-1.0pp $341	-0.5pp $266	base $190	+0.5pp $113	+1.0pp $34

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
92-1766 Hukilau Dr Ocean View, HI	2.0	2.0	1200	$3,200	$2.67	45d	1	0.61mi
92-2224 Kailua Blvd Ocean View, HI	4.0	1.0	1100	$2,200	$2.00	45d	1	1.07mi

Listing history 16 events

1. 2026-06-21
   days on market $299,000 Active 23 DOM
2. 2026-06-18
   days on market $299,000 Active 20 DOM
3. 2026-06-17
   days on market $299,000 Active 19 DOM
4. 2026-06-16
   days on market $299,000 Active 18 DOM
5. 2026-06-15
   days on market $299,000 Active 17 DOM
6. 2026-06-13
   days on market $299,000 Active 15 DOM
7. 2026-06-13
   pricedays on market $299,000 Active 14 DOM
8. 2026-06-10
   days on market $319,999 Active 12 DOM
9. 2026-06-09
   days on market $319,999 Active 11 DOM
10. 2026-06-08
    days on market $319,999 Active 10 DOM
11. 2026-06-07
    days on market $319,999 Active 9 DOM
12. 2026-06-05
    days on market $319,999 Active 6 DOM
13. 2026-06-03
    days on market $319,999 Active 5 DOM
14. 2026-06-02
    days on market $319,999 Active 4 DOM
15. 2026-06-01
    days on market $319,999 Active 3 DOM
16. 2026-05-31
    days on market $319,999 Active 2 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $34,275
• − Mortgage interest: −$16,749
• − Property taxes: −$4,485
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,742
• − Management: −$2,742
• − Depreciation: −$8,698
• Taxable loss: −$2,636
• Est. tax savings @ 24.0%: +$633
• After-tax cash flow: $2,914/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

Fair 45/100 Moderate rehab

This home requires moderate repairs and updates to improve its condition and value. Key areas for improvement include the foundation, exterior siding, and kitchen cabinets. Upgrades in these areas would significantly enhance its resale and rental potential.

Repairs flagged

• Major foundation — visible foundation issues
• Moderate exterior siding — wood siding with visible wear
• Minor kitchen cabinets — dated cabinetry

Value-add opportunities

• Both new kitchen cabinets — modernizes kitchen and improves resale value
• Both new flooring in bedrooms — enhances aesthetic and increases rental appeal
• Both landscaping and curb appeal — improves curb appeal and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
foundation · visible foundation issues	Major	$15,000–50,000
exterior siding · wood siding with visible wear	Moderate	$3,000–15,000
kitchen cabinets · dated cabinetry	Minor	$500–3,000
Total estimated repair cost · 3 items		$18,500–68,000

Value-add ROI direction

• Both new kitchen cabinets — modernizes kitchen and improves resale value ↑
• Both new flooring in bedrooms — enhances aesthetic and increases rental appeal ↑
• Both landscaping and curb appeal — improves curb appeal and rental 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 — 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

+20.8% since first listed

9 events — show timeline

• 2026-05-26 Listed $319,999 HI Information Service
• 2023-07-14 Listing Removed — HI Information Service
• 2023-06-24 Price Changed $315,000 HI Information Service
• 2023-06-01 Listed $325,000 HI Information Service
• 2022-03-01 Sold (MLS) $200,000 HI Information Service
• 2022-01-07 Contingent — HI Information Service
• 2021-12-28 Listed $199,000 HI Information Service
• 2019-10-25 Listing Removed — HI Information Service
• 2019-06-21 Listed $265,000 HI Information Service