92-1920 Aloha Blvd · Hawaiian Ocean View, HI 96737

$250,000

2 bd · 1.5 ba · 1,000 sqft · SingleFamily · 191 Days on market

Built 2025 Good condition 1.00 ac lot $250/sqft · 10% below area Est $276k · 10% under ↓ 12% since listing

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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 +12.6/30.0
• ARV discount +11.8/15.0
• Appreciation +5.0/10.0
• Condition / age +4.0/5.0
• DSCR +3.7/10.0
• 1% rule +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• Schools +1.5/10.0

Listing remarks MLS

Welcome Home! This beautifully crafted, brand-new 2 bedroom, 1.5 bath home was thoughtfully designed and completed in 2025. Sitting on a 1-acre parcel, the property features a hand-built rock wall and wood fence fronting the lot, creating both curb appeal and privacy, with additional fencing surrounding the entire home. The parcel has been staked for clear boundary identification. Inside, the home offers 1,000 sq ft of comfortable single-level living on a solid concrete slab. Professionally built without permits, the open layout and stylish finishes create a warm, modern atmosphere perfect for full-time living or a peaceful island retreat. Home comes fully furnished! The kitchen is highlighted by custom butcher-block style counters, open shelving, a large enclosed pantry, and an inviting island that flows seamlessly into the main living space. Large sliding doors open to a spacious concrete patio with outdoor seating — ideal for enjoying morning light or evening breezes. A well-planned utility setup provides dependable, efficient off-grid comfort, featuring solar power with four panels and five lithium batteries. A 3,500-watt generator is included for backup power and can be easily switched on when needed. A 10,000-gallon water tank and UV water filtration system provide reliable water service, and wastewater is handled by a conventional septic system. Buyer to pay for any and all inspections they want done and do their own due diligence Convenience is key, with essential amenities just a short drive away. Down the hill you’ll find gas stations, grocery stores, shopping centers, a hardware store, propane/rental services, local restaurants, a Post Office, and an auto parts store — making daily living easy and accessible. This is a rare opportunity to own a brand-new, never-lived-in, thoughtfully built home in Ocean View — modern, comfortable, private, and ready to enjoy from day one.

Key facts

• Enclosed pantry
• Hand-built rock wall
• Wood fence

Tags

• HAND-BUILT ROCK WALL
• WOOD FENCE
• ENCLOSED PANTRY
• SPACIOUS CONCRETE PATIO
• SOLAR POWER
• 10

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-33 ($-399/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (14.2% below list).
• Recommended offer: $214k (14.2% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 5.0% in Hawaiian Ocean View — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 272 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 982 units permitted in Hawaii County in 2024 (0 in 5+ unit buildings).
• At $2,145/mo this rent would consume 56% of the median local household income ($46k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $8k 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 $70k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 4, 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 191 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.

Recommended offer $214,489 (14.2% below list)

Questions for the listing agent

1. 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?
2. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
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. 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?
7. 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.
8. 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.
9. 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: 0.86% ✗
• Cap rate: 6.13%
• Cash-on-cash: -0.57%
• DSCR: 0.97
• GRM: 9.7

CMA / ARV

• ARV (median comp): $276,388
• List price: $250,000
• Delta: -9.55%
• Verdict: FAIR
• Comps: 13 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
92-1948 Aloha Blvd	0.11mi	2/1.0	896 (-10%)	8mo	$275,000	$307	68
92-8995 Lotus Blossom Ln	1.11mi	2/2.0	948 (-5%)	4mo	$150,000	$158	51
92-2028 Palm Pkwy	1.09mi	2/2.0	990 (-1%)	16mo	$225,000	$227	48
92-1826 Aloha Blvd	0.47mi	3/2.0 (+1)	1,144 (+14%)	19mo	$365,000	$319	31
92-1668 Kona Dr	0.89mi	2/1.0	1,138 (+14%)	14mo	$175,000	$154	28
92-1724 Kona Dr	0.68mi	2/1.0	1,120 (+12%)	22mo	$325,000	$290	28
92-2175 Cocoanut Dr	1.07mi	3/2.0 (+1)	1,120 (+12%)	22mo	$310,000	$277	20

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: 7.0%
• Equity multiple: 1.40×
• Total profit: $28,032
• Equity at exit: $112,411

10-year hold

• IRR: 9.8%
• Equity multiple: 2.47×
• Total profit: $102,841
• Equity at exit: $173,238

Cash invested: $70,000 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 5 active · 2 under contract
• Months of supply: 30.0 mo (3%/mo absorbed)
• Median asking: $275,000 ($264/sqft)
• Median days on market: 131 d
• This list price: 20% of active listings are priced below it
• ARV vs active asking: +4.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 96737

• Active inventory: 272
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,145 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $-33

Break-even live

Break-even rent $2,187

Max offer price $245,191

Occupancy floor 97%

Sensitivity live

Price	-10% $140	-5% $53	+0% $-33	+5% $-120	+10% $-206
Rent	-10% $-203	-5% $-118	+0% $-33	+5% $51	+10% $136
Rate	-1.0pp $93	-0.5pp $30	base $-33	+0.5pp $-98	+1.0pp $-164

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: $62,500
• Closing costs: $7,500
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
92-2027 Sea Breeze Ocean View, HI	2.0	2.0	864	$1,850	$2.14	28d	1	0.76mi
92-8611 Catamaran Ln Mountain View, HI	3.0	2.0	1320	$2,100	$1.59	93d	1	0.84mi
92-1766 Hukilau Dr Ocean View, HI	2.0	2.0	1200	$3,200	$2.67	93d	1	1.36mi
92-8453 Catamaran Ln Ocean View, HI	3.0	2.0	1008	$1,750	$1.74	20d	1	1.44mi

Listing history 7 events

1. 2026-06-03
   days on market $250,000 Active 191 DOM
2. 2026-06-02
   days on market $250,000 Active 190 DOM
3. 2026-06-01
   days on market $250,000 Active 189 DOM
4. 2026-05-31
   days on market $250,000 Active 188 DOM
5. 2026-04-07
   price $250,000 1942-char remark

   Show marketing remark (1942 chars)

   Welcome Home! This beautifully crafted, brand-new 2 bedroom, 1.5 bath home was thoughtfully designed and completed in 2025. Sitting on a 1-acre parcel, the property features a hand-built rock wall and wood fence fronting the lot, creating both curb appeal and privacy, with additional fencing surrounding the entire home. The parcel has been staked for clear boundary identification. Inside, the home offers 1,000 sq ft of comfortable single-level living on a solid concrete slab. Professionally built without permits, the open layout and stylish finishes create a warm, modern atmosphere perfect for full-time living or a peaceful island retreat. Home comes fully furnished! The kitchen is highlighted by custom butcher-block style counters, open shelving, a large enclosed pantry, and an inviting island that flows seamlessly into the main living space. Large sliding doors open to a spacious concrete patio with outdoor seating — ideal for enjoying morning light or evening breezes. A well-planned utility setup provides dependable, efficient off-grid comfort, featuring solar power with four panels and five lithium batteries. A 3,500-watt generator is included for backup power and can be easily switched on when needed. A 10,000-gallon water tank and UV water filtration system provide reliable water service, and wastewater is handled by a conventional septic system. Buyer to pay for any and all inspections they want done and do their own due diligence Convenience is key, with essential amenities just a short drive away. Down the hill you’ll find gas stations, grocery stores, shopping centers, a hardware store, propane/rental services, local restaurants, a Post Office, and an auto parts store — making daily living easy and accessible. This is a rare opportunity to own a brand-new, never-lived-in, thoughtfully built home in Ocean View — modern, comfortable, private, and ready to enjoy from day one.

6. 2026-03-05
   price $275,000 1942-char remark

   Show marketing remark (1942 chars)

   Welcome Home! This beautifully crafted, brand-new 2 bedroom, 1.5 bath home was thoughtfully designed and completed in 2025. Sitting on a 1-acre parcel, the property features a hand-built rock wall and wood fence fronting the lot, creating both curb appeal and privacy, with additional fencing surrounding the entire home. The parcel has been staked for clear boundary identification. Inside, the home offers 1,000 sq ft of comfortable single-level living on a solid concrete slab. Professionally built without permits, the open layout and stylish finishes create a warm, modern atmosphere perfect for full-time living or a peaceful island retreat. Home comes fully furnished! The kitchen is highlighted by custom butcher-block style counters, open shelving, a large enclosed pantry, and an inviting island that flows seamlessly into the main living space. Large sliding doors open to a spacious concrete patio with outdoor seating — ideal for enjoying morning light or evening breezes. A well-planned utility setup provides dependable, efficient off-grid comfort, featuring solar power with four panels and five lithium batteries. A 3,500-watt generator is included for backup power and can be easily switched on when needed. A 10,000-gallon water tank and UV water filtration system provide reliable water service, and wastewater is handled by a conventional septic system. Buyer to pay for any and all inspections they want done and do their own due diligence Convenience is key, with essential amenities just a short drive away. Down the hill you’ll find gas stations, grocery stores, shopping centers, a hardware store, propane/rental services, local restaurants, a Post Office, and an auto parts store — making daily living easy and accessible. This is a rare opportunity to own a brand-new, never-lived-in, thoughtfully built home in Ocean View — modern, comfortable, private, and ready to enjoy from day one.

7. 2025-11-24
   listed $285,000 Active 1942-char remark

   Show marketing remark (1942 chars)

   Welcome Home! This beautifully crafted, brand-new 2 bedroom, 1.5 bath home was thoughtfully designed and completed in 2025. Sitting on a 1-acre parcel, the property features a hand-built rock wall and wood fence fronting the lot, creating both curb appeal and privacy, with additional fencing surrounding the entire home. The parcel has been staked for clear boundary identification. Inside, the home offers 1,000 sq ft of comfortable single-level living on a solid concrete slab. Professionally built without permits, the open layout and stylish finishes create a warm, modern atmosphere perfect for full-time living or a peaceful island retreat. Home comes fully furnished! The kitchen is highlighted by custom butcher-block style counters, open shelving, a large enclosed pantry, and an inviting island that flows seamlessly into the main living space. Large sliding doors open to a spacious concrete patio with outdoor seating — ideal for enjoying morning light or evening breezes. A well-planned utility setup provides dependable, efficient off-grid comfort, featuring solar power with four panels and five lithium batteries. A 3,500-watt generator is included for backup power and can be easily switched on when needed. A 10,000-gallon water tank and UV water filtration system provide reliable water service, and wastewater is handled by a conventional septic system. Buyer to pay for any and all inspections they want done and do their own due diligence Convenience is key, with essential amenities just a short drive away. Down the hill you’ll find gas stations, grocery stores, shopping centers, a hardware store, propane/rental services, local restaurants, a Post Office, and an auto parts store — making daily living easy and accessible. This is a rare opportunity to own a brand-new, never-lived-in, thoughtfully built home in Ocean View — modern, comfortable, private, and ready to enjoy from day one.

ⓘ 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: $25,739
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,059
• − Management: −$2,059
• − Depreciation: −$7,273
• Taxable loss: −$4,656
• Est. tax savings @ 24.0%: +$1,117
• After-tax cash flow: $719/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 None rehab

This modern, single-story home is in excellent condition and ready for immediate occupancy. It offers a spacious living area, a well-equipped kitchen, and a functional bathroom. The property's location and curb appeal make it an attractive option for both buyers and renters.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic and could attract more buyers or renters. ↑
• Both Painting the exterior — Fresh paint can make the home look more inviting and maintain its value. ↑
• Both Landscaping around the house — Landscaping can improve curb appeal and add value to the property. ↑

F Composite school gradezoned avg 15/100

Zoned Schools

Elementary Naalehu Elementary School F HI #171/183 Nat'l #36,424/41,679

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

F Composite livability gradescore 48/100

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
• County: Hawaii · 220,733 people
• City population: 3,781
• Population (ZIP): 3,781
• Household income: $46,200
• Rent vs Own: 25.3% rent · 74.7% own

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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%

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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%

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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

-12.3% since first listed

3 events — show timeline

• 2026-04-07 Price Changed $250,000 HI Information Service
• 2026-03-05 Price Changed $275,000 HI Information Service
• 2025-11-24 Listed $285,000 HI Information Service