92-8643 Tiki Ln · Hawaiian Ocean View, HI 96737

$199,999

2 bd · 2.0 ba · 1,032 sqft · SingleFamily · 80 Days on market

Built 1991 Fair condition 1.00 ac lot $194/sqft · 27% below area Est $275k · 27% under ↓ 25% since listing

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Why this score? — see what drove the C+ 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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.5/10.0
• Appreciation +5.0/10.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

A SCREAMING DEAL. .. SELLER IS LEAVING THE ISLAND. LOVELY 2 BEDROOM 2 BATH WITH CERAMIC FLOORING, BAY WINDOW, STAINLESS REFRIGERATOR AND A SPACIOUS DECK OVERLOOKING THE DISTANT OCEAN VIEWS. A LARGE STORAGE ROOM ADJOINING THE DECK. SELLER IS CONTINUOUSLY DOING HOME IMPROVEMENTS. FULL BATH TUB IN ONE OF THE BATHROOMS AND A FULL SHOWER STALL IN THE 2ND BATHROOM. A NICE OPEN CONCEPT IN THE KITCHEN AND LIVING ROOM. PLENTY OF STORAGE SPACE UNDER THE HOUSE PLUS A BONUS BEDROOM. THERE IS ALSO A WORKSHOP AT THE REAR OF THE PROPERTY WITH SCREENED WINDOWS PERFECT FOR THE HANDY MAN. ONE ACRE PARCEL WITH PLUMARIA TREES AT THE FRONT OF THE PROPERTY AND DRAGON FRUIT ON A GORGEOUS ROCK WALL. SELLER CONTINUES YARD IMPROVEMENTS TO EXPOSE THE JACARANDA TREE, GUAVA AND HIBISCUS. A NICE ROW OF TALL PINE TREES ADORN THE RIGHT SIDE BOUNDARY. ROOF WAS REPLACED APPROXIMATE 5 YEARS AGO.

Key facts

• Ceramic flooring
• Open concept
• Bay window

Tags

• CERAMIC FLOORING
• BAY WINDOW
• SPACIOUS DECK
• LARGE STORAGE ROOM
• OPEN CONCEPT
• PLENTY OF STORAGE SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $200k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.2% 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-, schools 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.
• Market conditions: 247 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 $7k of equity ($1k loan paydown + $6k 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 $56k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago; this cycle's ask has dropped $59k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $105k; list at $200k implies a 90% gain — meaningful room to come down on a strong offer.

Recommended offer $187,999 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 1.05% ✓
• Cap rate: 7.95%
• Cash-on-cash: 5.93%
• DSCR: 1.26
• GRM: 7.9

CMA / ARV

• ARV (median comp): $274,579
• List price: $199,999
• Delta: -27.16%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
92-1724 Kona Dr	0.63mi	2/1.0	1,120 (+8%)	20mo	$325,000	$290	35
92-8429 Reef Makai Cir	0.74mi	1/1.0 (-1)	900 (-13%)	23mo	$123,400	$137	16

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: 13.0%
• Equity multiple: 1.75×
• Total profit: $41,757
• Equity at exit: $89,928

10-year hold

• IRR: 15.0%
• Equity multiple: 3.21×
• Total profit: $124,015
• Equity at exit: $138,590

Cash invested: $56,000 (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 →

ZIP-level market 96737

• Active inventory: 247
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $277

Break-even live

Break-even rent $1,750

Max offer price $199,999

Occupancy floor 82%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
92-8611 Catamaran Ln Mountain View, HI	3.0	2.0	1320	$2,100	$1.59	43d	1	0.32mi

Listing history 32 events

1. 2026-06-18
   days on market $199,999 Active 80 DOM
2. 2026-06-17
   days on market $199,999 Active 79 DOM
3. 2026-06-16
   days on market $199,999 Active 78 DOM
4. 2026-06-15
   days on market $199,999 Active 77 DOM
5. 2026-06-13
   days on market $199,999 Active 75 DOM
6. 2026-06-13
   days on market $199,999 Active 74 DOM
7. 2026-06-10
   days on market $199,999 Active 72 DOM
8. 2026-06-09
   days on market $199,999 Active 71 DOM
9. 2026-06-08
   days on market $199,999 Active 70 DOM
10. 2026-06-07
    days on market $199,999 Active 69 DOM
11. 2026-06-05
    days on market $199,999 Active 66 DOM
12. 2026-06-03
    days on market $199,999 Active 65 DOM
13. 2026-06-02
    days on market $199,999 Active 64 DOM
14. 2026-06-01
    days on market $199,999 Active 63 DOM
15. 2026-05-31
    days on market $199,999 Active 62 DOM
16. 2026-04-21
    price $199,999 873-char remark

    Show marketing remark (873 chars)

    A SCREAMING DEAL. .. SELLER IS LEAVING THE ISLAND. LOVELY 2 BEDROOM 2 BATH WITH CERAMIC FLOORING, BAY WINDOW, STAINLESS REFRIGERATOR AND A SPACIOUS DECK OVERLOOKING THE DISTANT OCEAN VIEWS. A LARGE STORAGE ROOM ADJOINING THE DECK. SELLER IS CONTINUOUSLY DOING HOME IMPROVEMENTS. FULL BATH TUB IN ONE OF THE BATHROOMS AND A FULL SHOWER STALL IN THE 2ND BATHROOM. A NICE OPEN CONCEPT IN THE KITCHEN AND LIVING ROOM. PLENTY OF STORAGE SPACE UNDER THE HOUSE PLUS A BONUS BEDROOM. THERE IS ALSO A WORKSHOP AT THE REAR OF THE PROPERTY WITH SCREENED WINDOWS PERFECT FOR THE HANDY MAN. ONE ACRE PARCEL WITH PLUMARIA TREES AT THE FRONT OF THE PROPERTY AND DRAGON FRUIT ON A GORGEOUS ROCK WALL. SELLER CONTINUES YARD IMPROVEMENTS TO EXPOSE THE JACARANDA TREE, GUAVA AND HIBISCUS. A NICE ROW OF TALL PINE TREES ADORN THE RIGHT SIDE BOUNDARY. ROOF WAS REPLACED APPROXIMATE 5 YEARS AGO.

17. 2026-03-30
    listed $259,000 Active 873-char remark

    Show marketing remark (873 chars)

    A SCREAMING DEAL. .. SELLER IS LEAVING THE ISLAND. LOVELY 2 BEDROOM 2 BATH WITH CERAMIC FLOORING, BAY WINDOW, STAINLESS REFRIGERATOR AND A SPACIOUS DECK OVERLOOKING THE DISTANT OCEAN VIEWS. A LARGE STORAGE ROOM ADJOINING THE DECK. SELLER IS CONTINUOUSLY DOING HOME IMPROVEMENTS. FULL BATH TUB IN ONE OF THE BATHROOMS AND A FULL SHOWER STALL IN THE 2ND BATHROOM. A NICE OPEN CONCEPT IN THE KITCHEN AND LIVING ROOM. PLENTY OF STORAGE SPACE UNDER THE HOUSE PLUS A BONUS BEDROOM. THERE IS ALSO A WORKSHOP AT THE REAR OF THE PROPERTY WITH SCREENED WINDOWS PERFECT FOR THE HANDY MAN. ONE ACRE PARCEL WITH PLUMARIA TREES AT THE FRONT OF THE PROPERTY AND DRAGON FRUIT ON A GORGEOUS ROCK WALL. SELLER CONTINUES YARD IMPROVEMENTS TO EXPOSE THE JACARANDA TREE, GUAVA AND HIBISCUS. A NICE ROW OF TALL PINE TREES ADORN THE RIGHT SIDE BOUNDARY. ROOF WAS REPLACED APPROXIMATE 5 YEARS AGO.

18. 2020-03-18
    historical
19. 2020-01-31
    listed $179,000 Active
20. 2020-01-24
    historical
21. 2020-01-04
    price $165,000
22. 2019-12-07
    listed $184,500 Active
23. 2019-07-17
    historical
24. 2019-06-30
    price $169,900
25. 2019-05-24
    price $179,853
26. 2019-05-05
    price $194,000
27. 2019-04-24
    listed $199,000 Active
28. 2016-04-06
    soldstatus $105,000 Sold
29. 2015-10-31
    historical Contingent
30. 2015-09-02
    listed $105,000 Active
31. 2006-03-30
    soldstatus $265,000
32. 2005-11-06
    listed $265,000

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $25,200
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$5,818
• Taxable income: $147
• Est. tax owed @ 24.0%: −$35
• After-tax cash flow: $3,287/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

Fair 45/100 Moderate rehab

The property requires moderate repairs and maintenance, with a focus on the exterior and landscaping. Upgrades to these areas would significantly enhance its resale and rental value.

Repairs flagged

• Major deck — severe damage
• Major exterior siding — poor condition
• Major landscaping — overgrown vegetation

Value-add opportunities

• Both landscaping and exterior repairs — enhances curb appeal and property value
• Both interior cleaning and minor repairs — improves living conditions and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
deck · severe damage	Major	$15,000–50,000
exterior siding · poor condition	Major	$15,000–50,000
landscaping · overgrown vegetation	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both landscaping and exterior repairs — enhances curb appeal and property value ↑
• Both interior cleaning and minor repairs — improves living conditions and property 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 — 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

-24.5% since first listed

17 events — show timeline

• 2026-04-21 Price Changed $199,999 HI Information Service
• 2026-03-30 Listed $259,000 HI Information Service
• 2020-03-18 Listing Removed — HI Information Service
• 2020-01-31 Listed $179,000 HI Information Service
• 2020-01-24 Listing Removed — HI Information Service
• 2020-01-04 Price Changed $165,000 HI Information Service
• 2019-12-07 Listed $184,500 HI Information Service
• 2019-07-17 Listing Removed — HI Information Service
• 2019-06-30 Price Changed $169,900 HI Information Service
• 2019-05-24 Price Changed $179,853 HI Information Service
• 2019-05-05 Price Changed $194,000 HI Information Service
• 2019-04-24 Listed $199,000 HI Information Service
• 2016-04-06 Sold (MLS) $105,000 HI Information Service
• 2015-10-31 Contingent — HI Information Service
• 2015-09-02 Listed $105,000 HI Information Service
• 2006-03-30 Sold (MLS) $265,000 HI Information Service
• 2005-11-06 Listed $265,000 HI Information Service