92-8973 Lotus Blossom Ln · Hawaiian Ocean View, HI 96737

$339,000

3 bd · 2.0 ba · 1,104 sqft · SingleFamily public records · 49 Days on market

Built 2006 1.00 ac lot $307/sqft · 34% above area Est $254k · 34% over

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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 +16.3/30.0
• DSCR +5.0/10.0
• Appreciation +5.0/10.0
• 1% rule +4.4/10.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.4/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Comfortable 3 bedroom, 2 bath home in HOVE. Open living, kitchen and dining area. Laminate flooring in the living room, hallway and bedrooms. Tile in the kitchen and bathrooms. Located in the lower part of the subdivision. Come make this your home and enjoy the wonderful coastal views and sunsets from your lanai. This is a one acre lot with planting around the house just waiting for you to come and add your own touches. Hawaiian OceanView Estates (HOVE) is a quaint community in Kau, on the Big Island of Hawaii with a few restaurants, grocery stores, post office and more. .

Key facts

• Cleaned gutters
• Vinyl flooring
• Travertine flooring

Tags

• FRESH EXTERIOR PAINT
• CLEANED GUTTERS
• SEPTIC SERVICING
• CATCHMENT SYSTEM MAINTENANCE
• TRAVERTINE FLOORING
• VINYL FLOORING

Property features AI

Finance

• Other: Roads are paved and private (annual road maintenance fee applies)

Exterior

• Utilities: Fiber-optic and wireless internet available; Cable, electricity, and phone available; Catchment water; Septic tank sewer; Other solid waste disposal
• Home design: Double wall design; Fee simple ownership; Lava zone 2
• Construction: Double wall construction
• Exterior features: Stone and wood fencing; Cleared and rocky lot; Fairly level to gently sloping topography

Interior

• Kitchen: Disposal; Microwave; Range; Refrigerator; Freezer
• Bathrooms: 2 total bathrooms (2 full)
• Interior features: Blinds on windows
• Laundry & utility: Front load washer and dryer; Electric tankless water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $339k.

Deal economics

• At list price, monthly cash flow is $185 ($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 $320k (5.6% below list).
• Recommended offer: $320k (5.6% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.3% 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-, amenities 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.
• Zoned schools: Naalehu Elementary School (math 8% / reading 22%, grade F, #171 of 183 statewide, top 94%, 422 students, 70% FRL) — zoned schools average 70% FRL vs 39% district-wide (31 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 15% at this address vs 41% district-wide (-26 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: 248 active listings in the ZIP; 1 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 $13k of equity ($2k loan paydown + $10k 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 $95k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($329k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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.
• Current owner paid $290k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $320,000 (5.6% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
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: 0.94% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.34%
• DSCR: 1.10
• GRM: 8.8

CMA / ARV

• ARV (median comp): $253,727
• List price: $339,000
• Delta: 33.61%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
92-1720 Sea Breeze Pkwy	0.45mi	2/2.0 (-1)	1,236 (+12%)	4mo	$60,000	$49	51
92-1668 Kona Dr	0.58mi	2/1.0 (-1)	1,138 (+3%)	12mo	$175,000	$154	48

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: 9.7%
• Equity multiple: 1.56×
• Total profit: $52,684
• Equity at exit: $152,429

10-year hold

• IRR: 12.1%
• Equity multiple: 2.80×
• Total profit: $171,135
• Equity at exit: $234,911

Cash invested: $94,920 (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: 8.8×

Monthly cashflow live

• Estimated rent: $3,200 medium
• Mortgage (P&I): −$1,778
• Tax est. 1.5%: −$424 /mo · $5,085/yr
• Insurance: −$141
• HOA: −$0
• Vacancy / Maint / Mgmt: −$672
• Net cashflow: $185

Break-even live

Break-even rent $2,966

Max offer price $339,000

Occupancy floor 89%

Sensitivity live

Price	-10% $420	-5% $302	+0% $185	+5% $68	+10% $-49
Rent	-10% $-68	-5% $59	+0% $185	+5% $312	+10% $438
Rate	-1.0pp $356	-0.5pp $271	base $185	+0.5pp $97	+1.0pp $8

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: $84,750
• Closing costs: $10,170
• Reserves months: —
• Total cash needed: —

Rent comps 1 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	0.54mi

Listing history 33 events

1. 2026-06-21
   days on market $339,000 Active 49 DOM
2. 2026-06-18
   days on market $339,000 Active 46 DOM
3. 2026-06-17
   days on market $339,000 Active 45 DOM
4. 2026-06-16
   days on market $339,000 Active 44 DOM
5. 2026-06-15
   days on market $339,000 Active 43 DOM
6. 2026-06-13
   days on market $339,000 Active 41 DOM
7. 2026-06-13
   days on market $339,000 Active 40 DOM
8. 2026-06-10
   days on market $339,000 Active 38 DOM
9. 2026-06-09
   days on market $339,000 Active 37 DOM
10. 2026-06-08
    days on market $339,000 Active 36 DOM
11. 2026-06-08
    price $339,000 Active 35 DOM
12. 2026-06-07
    days on market $344,000 Active 35 DOM
13. 2026-06-05
    days on market $344,000 Active 32 DOM
14. 2026-06-03
    days on market $344,000 Active 31 DOM
15. 2026-06-02
    days on market $344,000 Active 30 DOM
16. 2026-06-01
    days on market $344,000 Active 29 DOM
17. 2026-05-31
    days on market $344,000 Active 28 DOM
18. 2026-04-30
    listed $344,000 Active 1602-char remark
19. 2025-01-04
    historical
20. 2024-12-03
    price $340,000
21. 2024-09-14
    listed $350,000 Active
22. 2021-11-30
    soldstatus $290,000 Sold

    Show marketing remark (579 chars)

    Comfortable 3 bedroom, 2 bath home in HOVE. Open living, kitchen and dining area. Laminate flooring in the living room, hallway and bedrooms. Tile in the kitchen and bathrooms. Located in the lower part of the subdivision. Come make this your home and enjoy the wonderful coastal views and sunsets from your lanai. This is a one acre lot with planting around the house just waiting for you to come and add your own touches. Hawaiian OceanView Estates (HOVE) is a quaint community in Kau, on the Big Island of Hawaii with a few restaurants, grocery stores, post office and more. .

23. 2021-10-05
    historical Contingent

    Show marketing remark (579 chars)

    Comfortable 3 bedroom, 2 bath home in HOVE. Open living, kitchen and dining area. Laminate flooring in the living room, hallway and bedrooms. Tile in the kitchen and bathrooms. Located in the lower part of the subdivision. Come make this your home and enjoy the wonderful coastal views and sunsets from your lanai. This is a one acre lot with planting around the house just waiting for you to come and add your own touches. Hawaiian OceanView Estates (HOVE) is a quaint community in Kau, on the Big Island of Hawaii with a few restaurants, grocery stores, post office and more. .

24. 2021-09-18
    listed $299,500 Active

    Show marketing remark (579 chars)

    Comfortable 3 bedroom, 2 bath home in HOVE. Open living, kitchen and dining area. Laminate flooring in the living room, hallway and bedrooms. Tile in the kitchen and bathrooms. Located in the lower part of the subdivision. Come make this your home and enjoy the wonderful coastal views and sunsets from your lanai. This is a one acre lot with planting around the house just waiting for you to come and add your own touches. Hawaiian OceanView Estates (HOVE) is a quaint community in Kau, on the Big Island of Hawaii with a few restaurants, grocery stores, post office and more. .

25. 2021-04-27
    historical
26. 2021-03-24
    price $228,000
27. 2020-11-11
    listed $229,000 Active
28. 2019-10-27
    historical
29. 2019-04-07
    status Active
30. 2019-04-01
    historical
31. 2018-03-11
    listed $218,500 Active
32. 2006-06-26
    soldstatus $130,700
33. 2005-09-26
    soldstatus $25,000

ⓘ 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: $38,400
• − Mortgage interest: −$18,989
• − Property taxes: −$5,085
• − Insurance: −$1,695
• − Repairs & maintenance: −$3,072
• − Management: −$3,072
• − Depreciation: −$9,862
• Taxable loss: −$3,375
• Est. tax savings @ 24.0%: +$810
• After-tax cash flow: $3,033/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 — 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

+1256.0% since first listed

17 events — show timeline

• 2026-06-08 Price Changed $339,000 HI Information Service
• 2026-04-30 Listed $344,000 HI Information Service
• 2025-01-04 Listing Removed — HI Information Service
• 2024-12-03 Price Changed $340,000 HI Information Service
• 2024-09-14 Listed $350,000 HI Information Service
• 2021-11-30 Sold (MLS) $290,000 HI Information Service
• 2021-10-05 Contingent — HI Information Service
• 2021-09-18 Listed $299,500 HI Information Service
• 2021-04-27 Listing Removed — HI Information Service
• 2021-03-24 Price Changed $228,000 HI Information Service
• 2020-11-11 Listed $229,000 HI Information Service
• 2019-10-27 Listing Removed — HI Information Service
• 2019-04-07 Relisted — HI Information Service
• 2019-04-01 Listing Removed — HI Information Service
• 2018-03-11 Listed $218,500 HI Information Service
• 2006-06-26 Sold (Public Records) $130,700 Public Records
• 2005-09-26 Sold (Public Records) $25,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $664 · +6.2% YoY. Source: county tax records.