54-230 Hauula Homestead Rd Unit A · Hauula, HI 96717

$999,000

5 bd · 3.0 ba · 2,302 sqft · SingleFamily · 216 Days on market

Built 1944 Good condition 10,018 sqft lot $434/sqft · 16% below area Est $1188k · 16% under ↓ 13% since listing

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Why this score? — see what drove the A 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 +30.0/30.0
• ARV discount +14.6/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

Key facts

• Three separate units
• 0.23 acre lot
• 6 parking spots

Tags

• THREE SEPARATE UNITS
• SHORT STROLL TO OCEAN

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $999k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $11k ($133k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($23k rent vs $999k).
• Recommended offer: $879k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#69 in HI) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: health & safety C-, schools D, 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.
• Market conditions: 19 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).

Forward outlook

• In year one you build about $107k of equity ($7k loan paydown + $100k appreciation (10.0% local appreciation)).
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $280k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$172k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 216 days — a 12% lower offer ($879k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $151k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $879,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 216 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1944 — 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. 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?
6. 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.
7. 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.
8. 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: 2.28% ✓
• Cap rate: 19.57%
• Cash-on-cash: 47.41%
• DSCR: 3.11
• GRM: 3.7

CMA / ARV

• ARV (median comp): $1,187,561
• List price: $999,000
• Delta: -15.88%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 61.4%
• Equity multiple: 5.46×
• Total profit: $1,248,296
• Equity at exit: $899,978

10-year hold

• IRR: 54.9%
• Equity multiple: 12.17×
• Total profit: $3,123,189
• Equity at exit: $1,940,837

Cash invested: $279,720 (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 96717

• Home prices YoY: 9.8%
• Active inventory: 19
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $22,728 medium
• Mortgage (P&I): −$5,239
• Tax est. 1.5%: −$1,249 /mo · $14,985/yr
• Insurance: −$416
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,773
• Net cashflow: $11,051

Break-even live

Break-even rent $8,739

Max offer price $999,000

Occupancy floor 46%

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: $249,750
• Closing costs: $29,970
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
53-050 Halai St Hauula, HI	4.0	2.5	2100	$6,500	$3.10	43d	1	0.72mi
55-135 Kamehameha Hwy Laie, HI	4.0	3.5	2813	$18,000	$6.40	43d	1	1.37mi
55-137A Kamehameha Hwy Laie, HI	4.0	4.0	2886	$20,000	$6.93	43d	1	1.39mi
53-729 Kamehameha Hwy Unit 1250631P Hauula, HI	4.0	2.0	2195	$29,158	$13.28	23d	1	1.40mi

Listing history 24 events

1. 2026-06-18
   days on market $999,000 Active 216 DOM
2. 2026-06-17
   days on market $999,000 Active 215 DOM
3. 2026-06-15
   days on market $999,000 Active 213 DOM
4. 2026-06-13
   days on market $999,000 Active 211 DOM
5. 2026-06-13
   days on market $999,000 Active 210 DOM
6. 2026-06-10
   days on market $999,000 Active 208 DOM
7. 2026-06-09
   days on market $999,000 Active 207 DOM
8. 2026-06-08
   days on market $999,000 Active 206 DOM
9. 2026-06-07
   days on market $999,000 Active 205 DOM
10. 2026-06-05
    days on market $999,000 Active 202 DOM
11. 2026-06-03
    days on market $999,000 Active 201 DOM
12. 2026-06-02
    days on market $999,000 Active 200 DOM
13. 2026-06-01
    days on market $999,000 Active 199 DOM
14. 2026-05-31
    days on market $999,000 Active 198 DOM
15. 2026-05-14
    status Active 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

16. 2026-05-02
    historical Active Under Contract 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

17. 2026-05-02
    price $999,000 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

18. 2026-04-27
    price $1,035,000 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

19. 2026-03-27
    price $1,045,000 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

20. 2026-03-09
    price $1,050,000 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

21. 2026-03-01
    price $1,095,000 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

22. 2026-02-15
    historical
23. 2025-11-14
    listed $1,150,000 Active 765-char remark

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

24. 2025-11-14
    listed $1,150,000 Active

    Show marketing remark (765 chars)

    Welcome to 54-230A Hau'ula Homestead Road, a charming single-family home with ocean views nestled on the peaceful northeastern shore of O'ahu. This inviting residence offers a comfortable layout and a relaxed island lifestyle, perfect for those seeking a tranquil retreat away from the hustle and bustle of town. Surrounded by the natural beauty of Hau'ula, you'll enjoy serene country living with the ocean just a short stroll away. Take in refreshing trade winds, scenic mountain backdrops, and beautiful ocean vistas right from your property. With its peaceful setting and convenient access to nearby beaches, hiking, and local amenities, this home offers a wonderful opportunity to enjoy your own slice of island paradise. ---Open House Cancelled April 19 2026-

ⓘ 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

Taxation est. · year 1

• Rental income: $272,739
• − Mortgage interest: −$55,960
• − Property taxes: −$14,985
• − Insurance: −$4,995
• − Repairs & maintenance: −$21,819
• − Management: −$21,819
• − Depreciation: −$29,062
• Taxable income: $124,099
• Est. tax owed @ 24.0%: −$29,784
• After-tax cash flow: $102,833/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

Good 80/100 Cosmetic rehab

This charming single-family home offers a good condition with a good rehab level, ready for minor updates to enhance its resale and rental value.

Value-add opportunities

• Both update bathrooms with modern fixtures — modernize and improve aesthetics
• Both install smart home devices — enhance convenience and energy efficiency
• Both landscape front yard — improve curb appeal and add value

Renovation cost estimate screening

Value-add ROI direction

• Both update bathrooms with modern fixtures — modernize and improve aesthetics ↑
• Both install smart home devices — enhance convenience and energy efficiency ↑
• Both landscape front yard — improve curb appeal and add 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 — Hauula

• Score: 62/100
• State rank: #69
• US rank: #16288

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hauula, HI
• Population (ZIP): 4,396

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 0.91)
• Race & ethnicity: Two or more races 43% White 27% Pacific Islander 18% Hispanic / Latino 12% Asian 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Russian 5% Serbian 3% Scottish 1%
• Foreign-born: 11% · China, Vietnam, Canada
• Languages at home: 80% English-only · Other Asian/Pacific 13% Chinese 2% German/W. Germanic 2%

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: ▲ 39.47%
• Current HPI: 441.891
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-13.1% since first listed

10 events — show timeline

• 2026-05-14 Relisted — HiCentral MLS
• 2026-05-02 Contingent — HiCentral MLS
• 2026-05-02 Price Changed $999,000 HiCentral MLS
• 2026-04-27 Price Changed $1,035,000 HiCentral MLS
• 2026-03-27 Price Changed $1,045,000 HiCentral MLS
• 2026-03-09 Price Changed $1,050,000 HiCentral MLS
• 2026-03-01 Price Changed $1,095,000 HiCentral MLS
• 2026-02-15 Listing Removed — HiCentral MLS
• 2025-11-14 Listed $1,150,000 HiCentral MLS
• 2025-11-14 Listed $1,150,000 HiCentral MLS