84-680 Kili Dr Unit C1310 · Makaha, HI
Flood risk 1/10 · Minimal
- FEMA flood zone
- D
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $544 – $1,084
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
- —
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F 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).
- ARV discount +10.3/15.0
- 1% rule +5.1/10.0
- Condition / age +4.0/5.0
- Rent growth +3.3/5.0
- Livability +3.1/5.0
- Schools +1.9/10.0
- Cash flow +0.0/30.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$195,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Experience luxury living in this beautifully upgraded unit in Makaha Valley Towers! Enjoy an open-concept kitchen with Corian countertops, recessed lighting, Euro-style range hood, glass backsplash, and Whirlpool appliances. Bleached-wood–style ceramic tile flooring runs throughout. The renovated bathroom features a rare stand-up tiled shower with glass door. Delight in the breathtaking panoramic views stretching from the lush mountains to unforgettable ocean sunsets! Currently tenant-occupied, this home offers a great investment opportunity with immediate rental income, plus the potential to assume a VA loan at 5.625% (subject to lender approval).
Key facts
- Glass backsplash
- Corian countertops
- Whirlpool appliances
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1-bed/1.0-bath condo listed at $195k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-977 ($-12k/yr) — negative.
- To cash-flow at today's rent, offer at most $54k (72.5% below list).
- Meets the 1% rule at list price ($2k rent vs $195k).
- Recommended offer: $54k (72.5% below list) — sets the bar for cash-flow.
- Cap rate 0.3% vs local median 1.5% in Makaha — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 61/100 on livability (#82 in HI) — a middle-class / working-renter tenant base. Strengths: commute A; Watch: crime C-, health & safety C-, housing 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.
- Zoned schools: Makaha Elementary School (math 7% / reading 13%, grade F, #178 of 183 statewide, top 99%, 418 students, 83% FRL); Waianae Intermediate School (math 8% / reading 26%, grade F, #40 of 42 statewide, top 95%, 671 students, 74% FRL); Waianae High School (math 12% / reading 47%, grade F, #35 of 43 statewide, top 86%, 1,831 students, 64% FRL) — zoned schools average 74% FRL vs 39% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 19% at this address vs 41% district-wide (-22 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: Rents rising (+3.4%/yr); 281 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 47d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 84% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
- Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 94 days — a 9% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $83k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: HOA is 60% of rent.
Questions for the listing agent
- 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?
- It's been on market 94 days. Have you received any prior offers? Is the seller open to a 72% concession, seller financing, or rate buy-down credit?
- Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.01% ✓
- Cap rate
- 0.28%
- Cash-on-cash
- -21.47%
- DSCR
- 0.04
- GRM
- 8.2
CMA / ARV
- ARV (median comp)
- $207,781
- List price
- $195,000
- Delta
- -6.15%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 84-770 Kili Dr Unit J634 | 0.05mi | 1/1.0 | 680 (0%) | 0mo | $198,000 | $291 | 98 |
| 84-770 Kili Dr #434 | 0.11mi | 1/1.0 | 680 (0%) | 0mo | $171,900 | $253 | 94 |
| 84-770 Kili Dr Unit J633 | 0.11mi | 1/1.0 | 680 (0%) | 2mo | $198,500 | $292 | 93 |
| 84-710 Kili Dr Unit D1315 | 0.15mi | 1/1.0 | 680 (0%) | 2mo | $185,000 | $272 | 91 |
| 84-740 Kili Dr #725 | 0.13mi | 1/1.0 | 680 (0%) | 4mo | $240,000 | $353 | 90 |
| 84-740 Kili Dr Unit H/1330 | 0.13mi | 1/1.0 | 684 (+1%) | 6mo | $212,000 | $310 | 88 |
| 84-680 Kili Dr Unit A703 | 0.00mi | 2/1.0 (+1) | 840 (+24%) | 6mo | $265,000 | $315 | 65 |
| 84-718 Ala Mahiku St Unit 76B | 0.23mi | 2/1.0 (+1) | 815 (+20%) | 2mo | $175,000 | $215 | 58 |
| 84-757 Kiana Pl Unit 2/4B | 0.22mi | 2/1.0 (+1) | 815 (+20%) | 3mo | $294,000 | $361 | 57 |
| 84-757 Kiana Pl Unit 2B | 0.22mi | 2/1.0 (+1) | 830 (+22%) | 5mo | $270,000 | $325 | 55 |
| 84-755 Ala Mahiku St Unit 73B | 0.23mi | 2/1.0 (+1) | 815 (+20%) | 6mo | $170,000 | $209 | 55 |
| 84-665 Ala Mahiku St Unit 149A | 0.25mi | 2/1.0 (+1) | 815 (+20%) | 9mo | $225,000 | $276 | 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 · 3.38% rent growth · sell at horizon
- IRR
- -59.4%
- Equity multiple
- -0.69×
- Total profit
- $-92,300
- Equity at exit
- $29,075
- IRR
- —
- Equity multiple
- -1.83×
- Total profit
- $-154,275
- Equity at exit
- $16,860
Cash invested: $54,600 (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
Active competition Active MLS
- For sale now
- 1 active · 3 under contract
- Median asking
- $229,000 ($337/sqft)
- Median days on market
- 71 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -9.3% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 96792
- Home prices YoY
- -18.8%
- Rents YoY
- 3.4%
- Active inventory
- 281
- Price-to-rent
- 8.2×
Monthly cashflow live
- Estimated rent
- $1,972 high interval (Pro) →
- Mortgage (P&I)
- −$1,023
- Tax est. 1.5%
- −$244 /mo · $2,925/yr
- Insurance
- −$81
- HOA
- −$1,187
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$414
- Net cashflow
- $-977
Break-even live
Sensitivity live
| Price | -10% $-842 | -5% $-909 | +0% $-977 | +5% $-1,044 | +10% $-1,112 |
|---|---|---|---|---|---|
| Rent | -10% $-1,133 | -5% $-1,055 | +0% $-977 | +5% $-899 | +10% $-821 |
| Rate | -1.0pp $-879 | -0.5pp $-927 | base $-977 | +0.5pp $-1,027 | +1.0pp $-1,079 |
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
- $48,750
- Closing costs
- $5,850
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 19 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 84-680 Kili Dr Unit B607 Waianae, HI | 1.0 | 1.0 | 680 | $2,100 | $3.09 | 70d | 1 | 0.03mi |
| 84-680 Kili Dr Waianae, HI | 1.0–2.0 | 1.0 | 689 | $2,100 | $3.05 | 19d | 2 | 0.09mi |
| 84-680 Kili Dr Waianae, HI | 1.0–2.0 | 1.0 | 680 | $1,900 | $2.79 | 33d | 2 | 0.09mi |
| 84-680 Kili Dr Waianae, HI | 1.0–2.0 | 1.0 | 680 | $1,900 | $2.79 | 41d | 2 | 0.09mi |
| 84-680 Kili Dr Waianae, HI | 1.0–2.0 | 1.0 | 680 | $1,950 | $2.87 | 64d | 3 | 0.09mi |
| 84-770 Kili Dr Unit 1 Waianae, HI | 1.0 | 1.0 | 744 | $2,850 | $3.83 | 93d | 1 | 0.13mi |
| 84-740 Kili Dr #425 Waianae, HI | 1.0 | 1.0 | 680 | $2,000 | $2.94 | 47d | 1 | 0.15mi |
| 84-710 Kili Dr #712 Waianae, HI | — | 1.0 | 515 | $1,700 | $3.30 | 73d | 1 | 0.17mi |
| 84-710 Kili Dr #1620 Waianae, HI | — | 1.0 | 515 | $1,695 | $3.29 | 52d | 1 | 0.17mi |
| 84-710 Kili Dr #1919 Waianae, HI | 1.0 | 1.0 | 680 | $2,000 | $2.94 | 73d | 1 | 0.17mi |
| 84-710 Kili Dr #1215 Waianae, HI | 1.0 | 1.0 | 680 | $2,000 | $2.94 | 35d | 1 | 0.17mi |
| 84-710 Kili Dr Waianae, HI | 1.0 | 1.0 | 634 | $2,000 | $3.15 | 35d | 3 | 0.17mi |
| 84-740 Kili Dr Waianae, HI | 1.0 | 1.0 | 680 | $1,950 | $2.87 | 41d | 2 | 0.41mi |
| 84-740 Kili Dr Waianae, HI | 1.0 | 1.0 | 680 | $1,950 | $2.87 | 35d | 2 | 0.41mi |
| 84-824 Farrington Hwy Waianae, HI | 2.0 | 1.0 | 700 | $2,200 | $3.14 | 73d | 1 | 1.37mi |
| 84-265 Farrington Hwy #415 Waianae, HI | — | 1.0 | 581 | $1,750 | $3.01 | 28d | 1 | 1.43mi |
| 84-265 Farrington Hwy Waianae, HI | 1.0 | 1.0 | 452 | $1,800 | $3.98 | 28d | 3 | 1.43mi |
| 84-265 Farrington Hwy #217 Waianae, HI | 1.0 | 1.0 | 400 | $1,800 | $4.50 | 73d | 1 | 1.43mi |
| 84-1026 Hana St #3 Waianae, HI | 2.0 | 1.0 | 600 | $2,000 | $3.33 | 93d | 1 | 1.48mi |
Property features AI
Finance
- Other
- Lot zoned A-2 medium density apartment
- Financial info
- Total rent $2,000Maintenance expense $1,187
- HOA & community
- HOA covers common areas, electricity, HVAC, hot water, internet, ground maintenance, structure maintenance, sewer and waterAssociation provides management
Exterior
- Parking
- 1 unassigned parking space
- Security
- Closed-circuit camerasKey card entrySecurity guard
- Utilities
- Fee simple land tenure
- Home design
- Condominium in Makaha Valley TowersEntry on level 13Excellent / good condition
- Construction
- Concrete construction
- Exterior features
- Gated communityCommunity has barbecue areaCommunity poolPoolStorage facilitiesTrash chuteHas view
Interior
- Flooring
- Ceramic tile
- Bathrooms
- 1 full bathroom
- Interior features
- Partially furnishedStorageCeramic tile flooring
HOA detail $1,187/mo · $14,244/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-08-08days on market $195,000 Active 94 DOM
-
2026-08-07days on market $195,000 Active 93 DOM
-
2026-08-06days on market $195,000 Active 92 DOM
-
2026-08-05days on market $195,000 Active 91 DOM
-
2026-08-04days on market $195,000 Active 90 DOM
-
2026-08-03days on market $195,000 Active 89 DOM
-
2026-07-31days on market $195,000 Active 86 DOM
-
2026-07-30days on market $195,000 Active 85 DOM
-
2026-07-30days on market $195,000 Active 84 DOM
-
2026-07-28days on market $195,000 Active 83 DOM
-
2026-07-26days on market $195,000 Active 81 DOM
-
2026-07-24days on market $195,000 Active 79 DOM
-
2026-07-23days on market $195,000 Active 78 DOM
-
2026-07-22days on market $195,000 Active 77 DOM
-
2026-07-21days on market $195,000 Active 76 DOM
-
2026-07-20days on market $195,000 Active 75 DOM
-
2026-07-18days on market $195,000 Active 73 DOM
-
2026-07-18days on market $195,000 Active 72 DOM
-
2026-07-16days on market $195,000 Active 71 DOM
-
2026-07-15days on market $195,000 Active 70 DOM
-
2026-07-14days on market $195,000 Active 69 DOM
-
2026-07-13days on market $195,000 Active 68 DOM
-
2026-07-13days on market $195,000 Active 67 DOM
-
2026-07-11days on market $195,000 Active 66 DOM
-
2026-07-10days on market $195,000 Active 65 DOM
-
2026-07-10days on market $195,000 Active 64 DOM
-
2026-07-07days on market $195,000 Active 62 DOM
-
2026-07-06days on market $195,000 Active 61 DOM
-
2026-07-05days on market $195,000 Active 60 DOM
-
2026-07-03days on market $195,000 Active 58 DOM
-
2026-07-02days on market $195,000 Active 57 DOM
-
2026-07-01days on market $195,000 Active 56 DOM
-
2026-06-30days on market $195,000 Active 55 DOM
-
2026-06-29days on market $195,000 Active 54 DOM
-
2026-06-28days on market $195,000 Active 53 DOM
-
2026-06-27days on market $195,000 Active 52 DOM
-
2026-06-27days on market $195,000 Active 51 DOM
-
2026-06-25days on market $195,000 Active 49 DOM
-
2026-06-22days on market $195,000 Active 47 DOM
-
2026-06-21days on market $195,000 Active 46 DOM
-
2026-06-18days on market $195,000 Active 43 DOM
-
2026-06-17days on market $195,000 Active 42 DOM
-
2026-06-16days on market $195,000 Active 41 DOM
-
2026-06-15days on market $195,000 Active 40 DOM
-
2026-06-13days on market $195,000 Active 38 DOM
-
2026-06-13days on market $195,000 Active 37 DOM
-
2026-06-10days on market $195,000 Active 35 DOM
-
2026-06-09days on market $195,000 Active 34 DOM
-
2026-06-08days on market $195,000 Active 33 DOM
-
2026-06-07days on market $195,000 Active 32 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 D · 0% chance over 30 yrs
- Air quality 1/10 Low
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $23,662
- − Mortgage interest
- −$10,923
- − Property taxes
- −$2,925
- − Insurance
- −$975
- − Repairs & maintenance
- −$1,893
- − Management
- −$1,893
- − HOA
- −$14,244
- − Depreciation
- −$5,673
- Taxable loss
- −$14,864
- Est. tax savings @ 24.0%
- +$3,567
- After-tax cash flow
- $-8,155/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
This beautifully upgraded unit in Makaha Valley Towers offers a good condition with panoramic views and modern amenities, making it a great investment opportunity.
Value-add opportunities
- Both Panoramic view renovation — Enhances both resale and rental value ↑
- Both Landscaping improvement — Enhances curb appeal and rental value ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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 — Makaha
- Score
- 61/100
- State rank
- #82
- US rank
- #18431
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Makaha, HI
- County
- Honolulu County · 1,072,641 people
- Metro
- Urban Honolulu, HI
- Population (ZIP)
- 49,618
- Household income
- $87,509
- Rent vs Own
- Severe rent burden
- 16% of renters
Population outlook (Honolulu County) Hauer SSP2
- Today (2025)
- 1,072,641 people
- By 2030
- 1,110,460 · +3.5%
- By 2040
- 1,181,593 · +10.2%
- By 2050
- 1,257,584 · +17.2%
- By 2075
- 1,501,120 · +39.9%
- By 2100
- 1,764,430 · +64.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Highly diverse neighborhood (Simpson 0.96)
- Race & ethnicity
- Pacific Islander 42% Two or more races 32% Hispanic / Latino 13% Asian 10% White 10% Black 3%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 6%
- Common ancestry
- Russian 6% Romanian 1%
- Foreign-born
- 9% · Canada
- Languages at home
- 82% English-only · Other Asian/Pacific 13% Tagalog/Filipino 2% Spanish 1%
Political lean MEDSL · Honolulu
- 2024 margin
- Strong D (+21.6) · D 59.9% · R 38.3% · Other 1.8%
- 2008→2024 swing
- -19.4pp toward R · 2008: 41.1pp · 2024: 21.6pp
- All cycles
- 2024: D+21.6 2020: D+26.9 2016: D+29.9 2012: D+39.1 2008: D+41.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -110.72%
- Current HPI
- 477.9187
- Rent YoY
- ▲ 3.38%
- Metro
- Urban Honolulu, HI
- State GDP YoY
- —
- F500 in state
- 0
Price history
-29.9% since first listed5 events — show timeline
- 2026-05-26 Price Changed $195,000 HiCentral MLS
- 2026-05-12 Price Changed $229,000 HiCentral MLS
- 2026-05-06 Listed $278,000 HiCentral MLS
- 2026-05-01 Listing Removed — HiCentral MLS
- 2025-12-01 Listed $278,000 HiCentral MLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…