410 Nahua St #403 · Urban Honolulu, HI 96815

$67,000

1 bd · 1.0 ba · 468 sqft · Other · 432 Days on market

Built 1959 $413/mo HOA · 20% of rent

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Why this score? — see what drove the B+ 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.4/10.0
• Rent growth +4.0/5.0
• Schools +3.7/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Completely renovated and just steps from the Beach! Available Now in the heart of Waikiki, next to the international market place and local grocery store. This 1 Bedroom, 1 Bathroom condo in Waikiki has a washer/dryer in the unit. The Kitchen has been newly renovated with new counter tops and cabinets and new appliances and tile flooring. There is also a covered lanai off of the bedroom for extra space. Comes fully furnished with all that you need. Wifi, Cable TV, water, garbage, sewer are all included! This building is secure, 4-stories with an elevator and a resident manager. Short-term allowed; minimum 30 day.

Key facts

• Updated window
• Secured entrance
• On-site manager

Tags

• BUILT-IN LANAI
• SECURED ENTRANCE
• ON-SITE MANAGER
• UPDATED WINDOW

Property features AI

Finance

• Other: Annual taxes listed (historical): $1,224
• Financial info: Lease amount: $697.32 (expires 2040-03-31); Total rent: $1,850; Maintenance expense: $413.23
• HOA & community: Association covers cable TV, internet, sewer, taxes and water; On-site management

Exterior

• Security: Closed-circuit cameras; Key card entry
• Home design: One-story building; Entry on level 4; Hawaiian Prince Apts LTD
• Construction: Brick and concrete construction; Good condition
• Exterior features: Closed-circuit cameras; Key card entry; Leasehold land tenure; Zoned X2 - Apartment Precinct

Interior

• Bedrooms: 1 bedroom on main level
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Interior features: Furnishing negotiable; Bedroom on main level; Full bath on main level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $67k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $67k).
• Recommended offer: $59k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.1% vs local median 1.5% in Urban Honolulu — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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: President Thomas Jefferson Elementary School (math 42% / reading 47%, grade F, #73 of 183 statewide, top 41%, 340 students, 55% FRL); President George Washington Middle School (math 30% / reading 46%, grade F, #17 of 42 statewide, top 39%, 569 students, 61% FRL); Kaimuki High School (math 12% / reading 47%, grade F, #35 of 43 statewide, top 86%, 620 students, 60% FRL) — zoned schools average 59% FRL vs 39% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.0%/yr); 813 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,638 units permitted in Honolulu County in 2024 (793 in 5+ unit buildings).
• This rent runs 32% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($463 loan paydown + $2k appreciation (2.7% local appreciation)).
• Honolulu County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.7% appreciation + 6.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 432 days — a 12% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 10y ago; this cycle's ask is 3250% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 432 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 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 3.11% ✓
• Cap rate: 20.08%
• Cash-on-cash: 49.25%
• DSCR: 3.19
• GRM: 2.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.74% appreciation · 6.0% rent growth · sell at horizon

5-year hold

• IRR: 32.6%
• Equity multiple: 2.92×
• Total profit: $36,061
• Equity at exit: $29,161

10-year hold

• IRR: 36.3%
• Equity multiple: 6.89×
• Total profit: $110,474
• Equity at exit: $44,204

Cash invested: $18,760 (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 96815

• Home prices YoY: 0.9%
• Rents YoY: 6.0%
• Active inventory: 813
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $2,084 high
• Mortgage (P&I): −$351
• Tax est. 1.5%: −$84 /mo · $1,005/yr
• Insurance: −$28
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$413
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $343

Break-even live

Break-even rent $1,649

Max offer price $67,000

Occupancy floor 79%

Sensitivity live

Price	-10% $390	-5% $367	+0% $343	+5% $320	+10% $297
Rent	-10% $179	-5% $261	+0% $343	+5% $426	+10% $508
Rate	-1.0pp $377	-0.5pp $360	base $343	+0.5pp $326	+1.0pp $308

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: $16,750
• Closing costs: $2,010
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
232 Kaiulani Ave Honolulu, HI	3.0	1.0	656	$3,088	$4.71	25d	8	0.11mi
242 Kaʻiulani Ave Unit 4 Honolulu, HI	—	1.0	253	$1,200	$4.74	25d	1	0.12mi
242 Kaiulani Ave Honolulu, HI	—	1.0	253	$1,250	$4.94	25d	1	0.12mi
2442 Tusitala St Apt 103 Honolulu, HI	—	1.0	300	$1,900	$6.33	45d	1	0.22mi
249 Kapili St Unit 1 Honolulu, HI	—	1.0	290	$1,350	$4.66	23d	1	0.24mi
249 Kapili St #101 Honolulu, HI	—	1.0	225	$1,500	$6.67	25d	1	0.24mi
2509 Ala Wai Blvd Honolulu, HI	—	1.0	215	$1,725	$8.02	25d	2	0.33mi
2509 Ala Wai Blvd #503 Honolulu, HI	—	1.0	215	$1,750	$8.14	5d	1	0.33mi
234 Ohua Ave #217 Honolulu, HI	—	1.0	257	$1,550	$6.03	25d	1	0.34mi
300 Wai Nani Way Unit 1808 Honolulu, HI	—	1.0	321	$1,700	$5.30	45d	1	0.43mi
440 Olohana St Unit 1327711P Honolulu, HI	1.0	1.0	355	$3,741	$10.54	3d	1	0.50mi
440 Olohana St Unit 1327703P Honolulu, HI	1.0	1.0	355	$4,055	$11.42	13d	1	0.50mi
2572 Lemon Rd Honolulu, HI	1.0	1.0	398	$2,597	$6.53	5d	3	0.51mi
234 Hua AVE Unit 103 Honolulu, HI	—	1.0	257	$1,550	$6.03	5d	1	0.76mi
902 University Ave Unit C Honolulu, HI	2.0	1.0	415	$2,318	$5.58	25d	1	0.85mi

HOA detail

• Monthly dues: $413 · $4,956/yr
• Likely covers: watersewertrashinternetcable

Listing history 38 events

1. 2026-05-04
   status Pending
2. 2026-04-01
   historical Active Under Contract
3. 2026-03-03
   status Active
4. 2025-10-27
   historical $2,000
5. 2025-10-25
   listed $2,000
6. 2025-10-07
   price $67,000
7. 2025-10-07
   status Active
8. 2025-06-05
   price $69,000
9. 2025-01-22
   listed $72,000 Active
10. 2024-03-15
    historical $1,850
11. 2024-03-05
    price $1,850
12. 2024-03-05
    listed $1,750
13. 2022-05-12
    price $1,750
14. 2019-08-07
    soldstatus $75,000 Sold 621-char remark

    Show marketing remark (621 chars)

    Completely renovated and just steps from the Beach! Available Now in the heart of Waikiki, next to the international market place and local grocery store. This 1 Bedroom, 1 Bathroom condo in Waikiki has a washer/dryer in the unit. The Kitchen has been newly renovated with new counter tops and cabinets and new appliances and tile flooring. There is also a covered lanai off of the bedroom for extra space. Comes fully furnished with all that you need. Wifi, Cable TV, water, garbage, sewer are all included! This building is secure, 4-stories with an elevator and a resident manager. Short-term allowed; minimum 30 day.

15. 2019-07-12
    status Pending 621-char remark

    Show marketing remark (621 chars)

    Completely renovated and just steps from the Beach! Available Now in the heart of Waikiki, next to the international market place and local grocery store. This 1 Bedroom, 1 Bathroom condo in Waikiki has a washer/dryer in the unit. The Kitchen has been newly renovated with new counter tops and cabinets and new appliances and tile flooring. There is also a covered lanai off of the bedroom for extra space. Comes fully furnished with all that you need. Wifi, Cable TV, water, garbage, sewer are all included! This building is secure, 4-stories with an elevator and a resident manager. Short-term allowed; minimum 30 day.

16. 2019-04-13
    listed $85,000 Active 621-char remark

    Show marketing remark (621 chars)

    Completely renovated and just steps from the Beach! Available Now in the heart of Waikiki, next to the international market place and local grocery store. This 1 Bedroom, 1 Bathroom condo in Waikiki has a washer/dryer in the unit. The Kitchen has been newly renovated with new counter tops and cabinets and new appliances and tile flooring. There is also a covered lanai off of the bedroom for extra space. Comes fully furnished with all that you need. Wifi, Cable TV, water, garbage, sewer are all included! This building is secure, 4-stories with an elevator and a resident manager. Short-term allowed; minimum 30 day.

17. 2019-03-27
    historical
18. 2018-10-18
    price $86,000
19. 2018-10-15
    price $85,500
20. 2018-09-27
    listed $88,500 Active
21. 2018-08-11
    historical
22. 2018-06-27
    listed $89,500 Active
23. 2018-06-21
    historical
24. 2018-04-24
    listed $99,000 Active
25. 2017-10-13
    soldstatus $51,000 Sold
26. 2017-09-20
    status Pending
27. 2017-09-20
    historical
28. 2017-08-07
    price $55,000
29. 2017-07-14
    price $59,800
30. 2017-06-22
    listed $66,500 Active
31. 2017-06-15
    historical
32. 2017-06-04
    price $66,500
33. 2017-04-25
    price $66,800
34. 2017-02-16
    listed $69,900 Active
35. 2017-02-13
    historical
36. 2017-01-16
    price $72,000
37. 2016-11-16
    listed $74,500 Active
38. 1994-06-16
    soldstatus $8,955,100

ⓘ 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 6/10 Major FEMA zone AE · 75% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $25,002
• − Mortgage interest: −$3,753
• − Property taxes: −$1,005
• − Insurance: −$5,454
• − Repairs & maintenance: −$2,000
• − Management: −$2,000
• − HOA: −$4,956
• − Depreciation: −$1,949
• Taxable income: $3,885
• Est. tax owed @ 24.0%: −$932
• After-tax cash flow: $3,188/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 — Urban Honolulu

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Urban Honolulu, HI
• County: Honolulu County · 963,448 people
• City population: 309,956
• Metro: Urban Honolulu, HI
• Population (ZIP): 27,530
• Household income: $77,096
• Rent vs Own: 55.1% rent · 44.9% own
• Severe rent burden: 2422.0

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 0.71)
• Race & ethnicity: Asian 41% White 35% Two or more races 16% Hispanic / Latino 6% Pacific Islander 4% Black 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 30% · China, South Korea, Canada
• Languages at home: 66% English-only · Other Asian/Pacific 15% Chinese 5% Korean 3%

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: ▲ 2.74%
• Current HPI: 291.9404
• Rent YoY: ▲ 6.00%
• Metro: Urban Honolulu, HI
• State GDP YoY: —
• F500 in state: 0

Price history

-100.0% since first listed

38 events — show timeline

• 2026-05-04 Pending — HiCentral MLS
• 2026-04-01 Contingent — HiCentral MLS
• 2026-03-03 Relisted — HiCentral MLS
• 2025-10-27 Rental Removed $2,000 TENANTTURNER2
• 2025-10-25 Listed for Rent $2,000 TENANTTURNER2
• 2025-10-07 Price Changed $67,000 HiCentral MLS
• 2025-10-07 Relisted — HiCentral MLS
• 2025-06-05 Price Changed $69,000 HiCentral MLS
• 2025-01-22 Listed $72,000 HiCentral MLS
• 2024-03-15 Rental Removed $1,850 BUILDIUM
• 2024-03-05 Price Changed $1,850 BUILDIUM
• 2024-03-05 Listed for Rent $1,750 BUILDIUM
• 2022-05-12 Price Changed $1,750 BUILDIUM
• 2019-08-07 Sold (MLS) $75,000 HiCentral MLS
• 2019-07-12 Pending — HiCentral MLS
• 2019-04-13 Listed $85,000 HiCentral MLS
• 2019-03-27 Listing Removed — HiCentral MLS
• 2018-10-18 Price Changed $86,000 HiCentral MLS
• 2018-10-15 Price Changed $85,500 HiCentral MLS
• 2018-09-27 Listed $88,500 HiCentral MLS
• 2018-08-11 Listing Removed — HiCentral MLS
• 2018-06-27 Listed $89,500 HiCentral MLS
• 2018-06-21 Listing Removed — HiCentral MLS
• 2018-04-24 Listed $99,000 HiCentral MLS
• 2017-10-13 Sold (MLS) $51,000 HiCentral MLS
• 2017-09-20 Pending — HiCentral MLS
• 2017-09-20 Listing Removed — HiCentral MLS
• 2017-08-07 Price Changed $55,000 HiCentral MLS
• 2017-07-14 Price Changed $59,800 HiCentral MLS
• 2017-06-22 Listed $66,500 HiCentral MLS
• 2017-06-15 Listing Removed — HiCentral MLS
• 2017-06-04 Price Changed $66,500 HiCentral MLS
• 2017-04-25 Price Changed $66,800 HiCentral MLS
• 2017-02-16 Listed $69,900 HiCentral MLS
• 2017-02-13 Listing Removed — HiCentral MLS
• 2017-01-16 Price Changed $72,000 HiCentral MLS
• 2016-11-16 Listed $74,500 HiCentral MLS
• 1994-06-16 Sold (Public Records) $8,955,100 Public Records