92-1577 Keaka Pkwy · Hawaiian Ocean View, HI 96737

$238,999

4 bd · 2.5 ba · 1,576 sqft · SingleFamily public records · 144 Days on market

Built 1981 1.00 ac lot $152/sqft · 14% below area Est $279k · 14% under

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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 +17.3/30.0
• ARV discount +14.0/15.0
• DSCR +5.4/10.0
• Appreciation +5.0/10.0
• 1% rule +3.8/10.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.4/5.0

Listing remarks MLS

OCEAN & SUNSET VIEWS are Amazing from this Fully Permitted Contractor Special Large Home with a separate Permitted Ohana unit within walking distance to Kahuku Park with a Playground, Pickleball, Basketball, Field etc. Virtually staged photos using remodeling concepts. A remodel was started, bring your tools and imagination to finish this Diamond in the Rough. This Home is set back from the road on this private 1 acre property with palm trees, Plumeria, Tropical Smoke Bush, Mango and other fruit trees. So much potential with the landscaping and beautiful rock walls on the the property. Although the partially covered Lanai needs repair there is a nice OCEAN view, sunsets and the celestial sky views are amazing at night. The covered carport and entertainment area is great for indoor/outdoor living and BBQ's with friends. Conveniently located with a short drive to the Highway, restaurants, groceries & more. Home being Sold "AS IS". PLEASE DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT

Key facts

• 1 acre lot
• 4 parking spots
• Built 1981

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $175 ($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 $210k (12.1% below list).
• Recommended offer: $210k (12.1% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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 $9k of equity ($2k loan paydown + $7k 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 $67k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 144 days — a 12% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $68k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $239k implies a 139% gain — meaningful room to come down on a strong offer.

Recommended offer $210,000 (12.1% below list)

Questions for the listing agent

1. It's been on market 144 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.88% ✗
• Cap rate: 7.17%
• Cash-on-cash: 3.13%
• DSCR: 1.14
• GRM: 9.5

CMA / ARV

• ARV (median comp): $278,992
• List price: $238,999
• Delta: -14.33%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
92-1577 Keaka Pkwy	0.00mi	4/2.5	1,576 (0%)	23mo	$100,000	$63	81

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: 10.4%
• Equity multiple: 1.60×
• Total profit: $39,837
• Equity at exit: $107,464

10-year hold

• IRR: 12.7%
• Equity multiple: 2.89×
• Total profit: $126,176
• Equity at exit: $165,615

Cash invested: $66,920 (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: 9.5×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$132 /mo · $1,578/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $175

Break-even live

Break-even rent $1,879

Max offer price $238,999

Occupancy floor 87%

Sensitivity live

Price	-10% $310	-5% $242	+0% $175	+5% $107	+10% $39
Rent	-10% $9	-5% $92	+0% $175	+5% $258	+10% $340
Rate	-1.0pp $295	-0.5pp $235	base $175	+0.5pp $113	+1.0pp $50

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: $59,750
• Closing costs: $7,170
• 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	45d	1	0.89mi

Listing history 28 events

1. 2026-06-21
   days on market $238,999 Active 144 DOM
2. 2026-06-18
   days on market $238,999 Active 141 DOM
3. 2026-06-17
   days on market $238,999 Active 140 DOM
4. 2026-06-16
   days on market $238,999 Active 139 DOM
5. 2026-06-15
   days on market $238,999 Active 138 DOM
6. 2026-06-13
   days on market $238,999 Active 136 DOM
7. 2026-06-13
   days on market $238,999 Active 135 DOM
8. 2026-06-10
   days on market $238,999 Active 133 DOM
9. 2026-06-09
   days on market $238,999 Active 132 DOM
10. 2026-06-08
    days on market $238,999 Active 131 DOM
11. 2026-06-07
    days on market $238,999 Active 130 DOM
12. 2026-06-05
    days on market $238,999 Active 127 DOM
13. 2026-06-03
    days on market $238,999 Active 126 DOM
14. 2026-06-02
    days on market $238,999 Active 125 DOM
15. 2026-06-01
    days on market $238,999 Active 124 DOM
16. 2026-05-31
    days on market $238,999 Active 123 DOM
17. 2026-05-07
    price $238,999 1016-char remark

    Show marketing remark (1016 chars)

    OCEAN & SUNSET VIEWS are Amazing from this Fully Permitted Contractor Special Large Home with a separate Permitted Ohana unit within walking distance to Kahuku Park with a Playground, Pickleball, Basketball, Field etc. Virtually staged photos using remodeling concepts. A remodel was started, bring your tools and imagination to finish this Diamond in the Rough. This Home is set back from the road on this private 1 acre property with palm trees, Plumeria, Tropical Smoke Bush, Mango and other fruit trees. So much potential with the landscaping and beautiful rock walls on the the property. Although the partially covered Lanai needs repair there is a nice OCEAN view, sunsets and the celestial sky views are amazing at night. The covered carport and entertainment area is great for indoor/outdoor living and BBQ's with friends. Conveniently located with a short drive to the Highway, restaurants, groceries & more. Home being Sold "AS IS". PLEASE DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT

18. 2026-03-23
    price $239,000 1016-char remark

    Show marketing remark (1016 chars)

    OCEAN & SUNSET VIEWS are Amazing from this Fully Permitted Contractor Special Large Home with a separate Permitted Ohana unit within walking distance to Kahuku Park with a Playground, Pickleball, Basketball, Field etc. Virtually staged photos using remodeling concepts. A remodel was started, bring your tools and imagination to finish this Diamond in the Rough. This Home is set back from the road on this private 1 acre property with palm trees, Plumeria, Tropical Smoke Bush, Mango and other fruit trees. So much potential with the landscaping and beautiful rock walls on the the property. Although the partially covered Lanai needs repair there is a nice OCEAN view, sunsets and the celestial sky views are amazing at night. The covered carport and entertainment area is great for indoor/outdoor living and BBQ's with friends. Conveniently located with a short drive to the Highway, restaurants, groceries & more. Home being Sold "AS IS". PLEASE DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT

19. 2026-02-23
    price $275,000 1016-char remark

    Show marketing remark (1016 chars)

    OCEAN & SUNSET VIEWS are Amazing from this Fully Permitted Contractor Special Large Home with a separate Permitted Ohana unit within walking distance to Kahuku Park with a Playground, Pickleball, Basketball, Field etc. Virtually staged photos using remodeling concepts. A remodel was started, bring your tools and imagination to finish this Diamond in the Rough. This Home is set back from the road on this private 1 acre property with palm trees, Plumeria, Tropical Smoke Bush, Mango and other fruit trees. So much potential with the landscaping and beautiful rock walls on the the property. Although the partially covered Lanai needs repair there is a nice OCEAN view, sunsets and the celestial sky views are amazing at night. The covered carport and entertainment area is great for indoor/outdoor living and BBQ's with friends. Conveniently located with a short drive to the Highway, restaurants, groceries & more. Home being Sold "AS IS". PLEASE DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT

20. 2026-02-03
    price $285,000 1016-char remark

    Show marketing remark (1016 chars)

    OCEAN & SUNSET VIEWS are Amazing from this Fully Permitted Contractor Special Large Home with a separate Permitted Ohana unit within walking distance to Kahuku Park with a Playground, Pickleball, Basketball, Field etc. Virtually staged photos using remodeling concepts. A remodel was started, bring your tools and imagination to finish this Diamond in the Rough. This Home is set back from the road on this private 1 acre property with palm trees, Plumeria, Tropical Smoke Bush, Mango and other fruit trees. So much potential with the landscaping and beautiful rock walls on the the property. Although the partially covered Lanai needs repair there is a nice OCEAN view, sunsets and the celestial sky views are amazing at night. The covered carport and entertainment area is great for indoor/outdoor living and BBQ's with friends. Conveniently located with a short drive to the Highway, restaurants, groceries & more. Home being Sold "AS IS". PLEASE DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT

21. 2026-01-28
    listed $307,000 Active 1016-char remark

    Show marketing remark (1016 chars)

    OCEAN & SUNSET VIEWS are Amazing from this Fully Permitted Contractor Special Large Home with a separate Permitted Ohana unit within walking distance to Kahuku Park with a Playground, Pickleball, Basketball, Field etc. Virtually staged photos using remodeling concepts. A remodel was started, bring your tools and imagination to finish this Diamond in the Rough. This Home is set back from the road on this private 1 acre property with palm trees, Plumeria, Tropical Smoke Bush, Mango and other fruit trees. So much potential with the landscaping and beautiful rock walls on the the property. Although the partially covered Lanai needs repair there is a nice OCEAN view, sunsets and the celestial sky views are amazing at night. The covered carport and entertainment area is great for indoor/outdoor living and BBQ's with friends. Conveniently located with a short drive to the Highway, restaurants, groceries & more. Home being Sold "AS IS". PLEASE DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT

22. 2024-08-05
    soldstatus $100,000
23. 2013-07-16
    soldstatus $161,000 757-char remark

    Show marketing remark (757 chars)

    Wonderful home that is perfect for everyone, especially for a large family, Plenty of rooms for Guests to come stay too! Very close to Hwy, but quiet area, Shopping and County Park on Paradise Circle, this home sits way on the back of the lot for privacy. Circular driveway with Rock Walls, Mango, Avocado, Papaya, Loquart & Pineapple + colorful shrubs, flowers and more. There are 2bd/1.5 baths UP, and 2bd/1ba down. There is an endless pool for exercising and a hot tub to soak in and enjoy the beautiful stars at night. Originally built in 1981 but renovated and bedroom/ba added in 2003. Well maintained. Covered gazebo/type lanai for entertaining and enjoying the Ocean Views and magnificent Sunsets too! LOCATION! LOCATION!! LOCATION!!!

24. 2013-07-16
    soldstatus $161,000

    Show marketing remark (757 chars)

    Wonderful home that is perfect for everyone, especially for a large family, Plenty of rooms for Guests to come stay too! Very close to Hwy, but quiet area, Shopping and County Park on Paradise Circle, this home sits way on the back of the lot for privacy. Circular driveway with Rock Walls, Mango, Avocado, Papaya, Loquart & Pineapple + colorful shrubs, flowers and more. There are 2bd/1.5 baths UP, and 2bd/1ba down. There is an endless pool for exercising and a hot tub to soak in and enjoy the beautiful stars at night. Originally built in 1981 but renovated and bedroom/ba added in 2003. Well maintained. Covered gazebo/type lanai for entertaining and enjoying the Ocean Views and magnificent Sunsets too! LOCATION! LOCATION!! LOCATION!!!

25. 2013-04-26
    listed $161,900 757-char remark

    Show marketing remark (757 chars)

    Wonderful home that is perfect for everyone, especially for a large family, Plenty of rooms for Guests to come stay too! Very close to Hwy, but quiet area, Shopping and County Park on Paradise Circle, this home sits way on the back of the lot for privacy. Circular driveway with Rock Walls, Mango, Avocado, Papaya, Loquart & Pineapple + colorful shrubs, flowers and more. There are 2bd/1.5 baths UP, and 2bd/1ba down. There is an endless pool for exercising and a hot tub to soak in and enjoy the beautiful stars at night. Originally built in 1981 but renovated and bedroom/ba added in 2003. Well maintained. Covered gazebo/type lanai for entertaining and enjoying the Ocean Views and magnificent Sunsets too! LOCATION! LOCATION!! LOCATION!!!

26. 1995-02-21
    soldstatus $47,000
27. 1990-03-12
    soldstatus $50,000
28. 1980-09-01
    soldstatus $11,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast HI · Partial reset (capped growth)

• Current annual tax: $1,578 · $132/mo
• Projected year-2 tax: $1,578 · $132/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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: $25,200
• − Mortgage interest: −$13,388
• − Property taxes: −$1,578
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$6,953
• Taxable loss: −$1,946
• Est. tax savings @ 24.0%: +$467
• After-tax cash flow: $2,562/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

+2072.7% since first listed

12 events — show timeline

• 2026-05-07 Price Changed $238,999 HI Information Service
• 2026-03-23 Price Changed $239,000 HI Information Service
• 2026-02-23 Price Changed $275,000 HI Information Service
• 2026-02-03 Price Changed $285,000 HI Information Service
• 2026-01-28 Listed $307,000 HI Information Service
• 2024-08-05 Sold (Public Records) $100,000 Public Records
• 2013-07-16 Sold (MLS) $161,000 HI Information Service
• 2013-07-16 Sold (Public Records) $161,000 Public Records
• 2013-04-26 Listed $161,900 HI Information Service
• 1995-02-21 Sold (Public Records) $47,000 Public Records
• 1990-03-12 Sold (Public Records) $50,000 Public Records
• 1980-09-01 Sold (Public Records) $11,000 Public Records

Property tax history

+23.6%/yr

Latest (2025): $1,578 · -29.8% YoY. Source: county tax records.