3543 Lower Honoapiilani Rd Unit E-307 · Napili-Honokowai, HI 96761

$8,000

1 bd · 1.0 ba · 597 sqft · Condo public records · 744 Days on market

Built 1974 $13/sqft · 23% below area Est $10k · 23% under $300/mo HOA · 11% of rent

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.7/10.0
• Rent growth +3.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.2/10.0

Listing remarks MLS

Oceanview Papakea Time Interval E-307 is a remodeled 1 bed 1 bath unit located in beautiful Papakea. Unit features granite countertops, new cabinets, walk in shower and a split A/C system that provides cooling of the entire condo. Enjoy all that Papakea has to offer from September 12 to October 3 in 2026. One of Maui's popular vacation spots, Papakea is well known for the many amenities that are available to owners and visitors that include two separate spacious pool areas with BBQs, two covered clubhouses that are available for entertaining your guests, two large jacuzzis, two putting greens, and on site security make this vacation destination a highly sought after place. Lush tropical landscaping and Koi fish ponds are trademarks of Papakea. Located just north of the famous Kaanapali Beach Papakea is close to shopping, beaches, and restaurants. The loft may not be permitted or in compliance with current building codes and may be subject to removal, remediation and/or for use only for storage by the County of Maui or the Papakea Association. Further investigation is pending by the AOAO. There will be a special assessment of approx. $1,000 per week in the future. The plumbing project has been completed in this unit. Buyer to do own diligence and to request further information from the AOAO.

Key facts

• Papakea amenities
• Split a/c system
• Koi fish ponds

Tags

• SPLIT A/C SYSTEM
• PAPAKEA AMENITIES
• KOI FISH PONDS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $8k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $8k).
• Recommended offer: $7k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — 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.
• Market conditions: Rents rising (+4.0%/yr); 637 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 906 units permitted in Maui County in 2024 (289 in 5+ unit buildings).
• This rent runs 33% of the median local income ($101k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $55 of loan paydown is wiped out by about $240 of value loss. Plan a longer hold.
• Maui County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $2k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 744 days — a 12% lower offer ($7k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $669/mo.
• Climate carrying-cost: in FEMA flood zone VE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $7,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 744 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 1974 — 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 34.93% ✓
• Cap rate: 284.14%
• Cash-on-cash: 992.32%
• DSCR: 45.15
• GRM: 0.2

CMA / ARV

• ARV (median comp): $10,395
• List price: $8,000
• Delta: -23.04%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.97% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 35.58×
• Total profit: $77,462
• Equity at exit: $1,193

10-year hold

• IRR: —
• Equity multiple: 80.74×
• Total profit: $178,615
• Equity at exit: $692

Cash invested: $2,240 (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 96761

• Home prices YoY: -1.9%
• Rents YoY: 4.0%
• Active inventory: 637
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,794 high
• Mortgage (P&I): −$42
• Tax est. 1.5%: −$10 /mo · $120/yr
• Insurance: −$3
• Flood insurance flood zone: −$669 /mo · $8,028/yr
• HOA: −$300
• Vacancy / Maint / Mgmt: −$587
• Net cashflow: $1,183

Break-even live

Break-even rent $1,297

Max offer price $8,000

Occupancy floor 53%

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: $2,000
• Closing costs: $240
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3559 Lower Honoapiilani Rd Lahaina, HI	1.0	1.0	562	$2,600	$4.63	23d	1	0.15mi
3626 Lower Honoapiilani Rd Lahaina, HI	2.0	1.0	620	$2,650	$4.27	1d	16	0.30mi
3676 Lower Honoapiilani Rd Unit D102 Lahaina, HI	2.0	1.0	658	$2,700	$4.10	17d	1	0.37mi
3702 Lower Honoapiilani Rd Unit A-33 Lahaina, HI	1.0	1.0	607	$2,700	$4.45	43d	1	0.40mi
3740 Lower Honoapiilani Rd Lahaina, HI	1.0	1.0	476	$2,500	$5.25	3d	2	0.50mi
3740 Lower Honoapiilani Rd Lahaina, HI	1.0	1.0	476	$2,500	$5.25	2d	2	0.50mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: landscapingpoolsecurity
• ⚠ Special-assessment mentions:

  …by the County of Maui or the Papakea Association. Further investigation is pending by the AOAO. There will be a special assessment of approx. $1,000 per week in the future. The plumbing project has been completed in this unit. Buyer to do own…

Listing history 41 events

1. 2026-06-18
   days on market $8,000 Active 744 DOM
2. 2026-06-17
   days on market $8,000 Active 743 DOM
3. 2026-06-15
   days on market $8,000 Active 741 DOM
4. 2026-06-13
   days on market $8,000 Active 739 DOM
5. 2026-06-13
   days on market $8,000 Active 738 DOM
6. 2026-06-10
   days on market $8,000 Active 736 DOM
7. 2026-06-09
   days on market $8,000 Active 735 DOM
8. 2026-06-08
   days on market $8,000 Active 734 DOM
9. 2026-06-07
   days on market $8,000 Active 733 DOM
10. 2026-06-05
    days on market $8,000 Active 730 DOM
11. 2026-06-03
    days on market $8,000 Active 729 DOM
12. 2026-06-02
    days on market $8,000 Active 728 DOM
13. 2026-06-01
    days on market $8,000 Active 727 DOM
14. 2026-05-31
    days on market $8,000 Active 726 DOM
15. 2024-06-04
    listed $8,000 Active 1311-char remark

    Show marketing remark (1311 chars)

    Oceanview Papakea Time Interval E-307 is a remodeled 1 bed 1 bath unit located in beautiful Papakea. Unit features granite countertops, new cabinets, walk in shower and a split A/C system that provides cooling of the entire condo. Enjoy all that Papakea has to offer from September 12 to October 3 in 2026. One of Maui's popular vacation spots, Papakea is well known for the many amenities that are available to owners and visitors that include two separate spacious pool areas with BBQs, two covered clubhouses that are available for entertaining your guests, two large jacuzzis, two putting greens, and on site security make this vacation destination a highly sought after place. Lush tropical landscaping and Koi fish ponds are trademarks of Papakea. Located just north of the famous Kaanapali Beach Papakea is close to shopping, beaches, and restaurants. The loft may not be permitted or in compliance with current building codes and may be subject to removal, remediation and/or for use only for storage by the County of Maui or the Papakea Association. Further investigation is pending by the AOAO. There will be a special assessment of approx. $1,000 per week in the future. The plumbing project has been completed in this unit. Buyer to do own diligence and to request further information from the AOAO.

16. 2023-12-22
    soldstatus $8,200 Sold 1681-char remark

    Show marketing remark (1681 chars)

    This 1 bedroom 1 bath Papakea Time Interval unit was renovated in 2015 which included removal of kitchen divider wall, tile flooring in the hall, bath and slider door lanai entry, hardwood cabinetry, granite counter tops, fully remodeled bathrooms and a split A/C system. This unit offers occupancy from June 3 to June 17. Annual fees include property taxes, grounds, building and unit maintenance, reserve fund, and housekeeping. One of Maui's popular vacation spots, Papakea is well known for the many amenities that are available to owners and visitors that include two separate spacious pool areas with B B Q's, two covered clubhouses that are available for entertaining your guest. two large hot tubs, two putting greens and on site security make this a vacation destination sought out by many. Lush tropical landscaping and Koi ponds are trademarks at Papakea. Located just north of the famous Kaanapali Beach Resort, Papakea is close to shopping, beaches and restaurants. The 4th floor loft units may not be permitted or in compliance with current building codes and may be subject to removal, remediation and/or for use only for storage by the County of Maui or the Association of Apartment Owners of Papakea (“AOAO”). Further investigation is pending by the AOAO. The Papakea AOAO announced that the plumbing project is on hold until at least April 22, 2024. The AOAO will be circulating proposed bylaw changes to the Owners to address the 4th floor apartment loft bathrooms in the project. The AOAO will also be circulating the special assessment resolution to Owners for a vote. Buyer to do own diligence and to request further information from the AOAO.

17. 2023-08-02
    historical Pending - Continue to Show 1681-char remark

    Show marketing remark (1681 chars)

    This 1 bedroom 1 bath Papakea Time Interval unit was renovated in 2015 which included removal of kitchen divider wall, tile flooring in the hall, bath and slider door lanai entry, hardwood cabinetry, granite counter tops, fully remodeled bathrooms and a split A/C system. This unit offers occupancy from June 3 to June 17. Annual fees include property taxes, grounds, building and unit maintenance, reserve fund, and housekeeping. One of Maui's popular vacation spots, Papakea is well known for the many amenities that are available to owners and visitors that include two separate spacious pool areas with B B Q's, two covered clubhouses that are available for entertaining your guest. two large hot tubs, two putting greens and on site security make this a vacation destination sought out by many. Lush tropical landscaping and Koi ponds are trademarks at Papakea. Located just north of the famous Kaanapali Beach Resort, Papakea is close to shopping, beaches and restaurants. The 4th floor loft units may not be permitted or in compliance with current building codes and may be subject to removal, remediation and/or for use only for storage by the County of Maui or the Association of Apartment Owners of Papakea (“AOAO”). Further investigation is pending by the AOAO. The Papakea AOAO announced that the plumbing project is on hold until at least April 22, 2024. The AOAO will be circulating proposed bylaw changes to the Owners to address the 4th floor apartment loft bathrooms in the project. The AOAO will also be circulating the special assessment resolution to Owners for a vote. Buyer to do own diligence and to request further information from the AOAO.

18. 2023-06-16
    price $10,000 1681-char remark

    Show marketing remark (1681 chars)

    This 1 bedroom 1 bath Papakea Time Interval unit was renovated in 2015 which included removal of kitchen divider wall, tile flooring in the hall, bath and slider door lanai entry, hardwood cabinetry, granite counter tops, fully remodeled bathrooms and a split A/C system. This unit offers occupancy from June 3 to June 17. Annual fees include property taxes, grounds, building and unit maintenance, reserve fund, and housekeeping. One of Maui's popular vacation spots, Papakea is well known for the many amenities that are available to owners and visitors that include two separate spacious pool areas with B B Q's, two covered clubhouses that are available for entertaining your guest. two large hot tubs, two putting greens and on site security make this a vacation destination sought out by many. Lush tropical landscaping and Koi ponds are trademarks at Papakea. Located just north of the famous Kaanapali Beach Resort, Papakea is close to shopping, beaches and restaurants. The 4th floor loft units may not be permitted or in compliance with current building codes and may be subject to removal, remediation and/or for use only for storage by the County of Maui or the Association of Apartment Owners of Papakea (“AOAO”). Further investigation is pending by the AOAO. The Papakea AOAO announced that the plumbing project is on hold until at least April 22, 2024. The AOAO will be circulating proposed bylaw changes to the Owners to address the 4th floor apartment loft bathrooms in the project. The AOAO will also be circulating the special assessment resolution to Owners for a vote. Buyer to do own diligence and to request further information from the AOAO.

19. 2023-03-21
    listed $11,000 Active 1681-char remark

    Show marketing remark (1681 chars)

    This 1 bedroom 1 bath Papakea Time Interval unit was renovated in 2015 which included removal of kitchen divider wall, tile flooring in the hall, bath and slider door lanai entry, hardwood cabinetry, granite counter tops, fully remodeled bathrooms and a split A/C system. This unit offers occupancy from June 3 to June 17. Annual fees include property taxes, grounds, building and unit maintenance, reserve fund, and housekeeping. One of Maui's popular vacation spots, Papakea is well known for the many amenities that are available to owners and visitors that include two separate spacious pool areas with B B Q's, two covered clubhouses that are available for entertaining your guest. two large hot tubs, two putting greens and on site security make this a vacation destination sought out by many. Lush tropical landscaping and Koi ponds are trademarks at Papakea. Located just north of the famous Kaanapali Beach Resort, Papakea is close to shopping, beaches and restaurants. The 4th floor loft units may not be permitted or in compliance with current building codes and may be subject to removal, remediation and/or for use only for storage by the County of Maui or the Association of Apartment Owners of Papakea (“AOAO”). Further investigation is pending by the AOAO. The Papakea AOAO announced that the plumbing project is on hold until at least April 22, 2024. The AOAO will be circulating proposed bylaw changes to the Owners to address the 4th floor apartment loft bathrooms in the project. The AOAO will also be circulating the special assessment resolution to Owners for a vote. Buyer to do own diligence and to request further information from the AOAO.

20. 2018-02-04
    historical
21. 2016-12-01
    listed $10,500 Active
22. 2016-11-30
    historical
23. 2016-09-14
    historical
24. 2016-05-24
    price $5,000
25. 2016-01-20
    listed $7,200 Active
26. 2015-04-03
    listed $10,500 Active
27. 2012-02-06
    soldstatus $2,400
28. 2012-02-06
    listed $2,400
29. 2011-09-14
    soldstatus $87,501
30. 2011-04-01
    soldstatus $6,000
31. 2011-04-01
    soldstatus $4,000
32. 2011-04-01
    listed $6,000
33. 2011-04-01
    listed $4,000
34. 2006-11-20
    soldstatus $5,000
35. 2006-11-20
    soldstatus $5,000
36. 2006-05-18
    listed $5,000
37. 2006-05-18
    listed $5,000
38. 1999-07-20
    soldstatus $7,500
39. 1988-11-17
    soldstatus $3,950,000
40. 1980-06-01
    soldstatus $165,000
41. 1978-04-01
    soldstatus $87,400

ⓘ 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 9/10 Extreme FEMA zone VE · 99% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $33,534
• − Mortgage interest: −$448
• − Property taxes: −$120
• − Insurance: −$8,068
• − Repairs & maintenance: −$2,683
• − Management: −$2,683
• − HOA: −$3,600
• − Depreciation: −$233
• Taxable income: $15,699
• Est. tax owed @ 24.0%: −$3,768
• After-tax cash flow: $10,432/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 — Napili-Honokowai

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

Census & demographics

• Census place: Napili-Honokowai, HI
• County: Maui County · 114,195 people
• Metro: Kahului-Wailuku-Lahaina, HI
• Population (ZIP): 20,952
• Household income: $101,123
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 835.0

Population outlook (Maui County) Hauer SSP2

• Today (2025): 185,013 people
• By 2030: 194,315 · +5.0%
• By 2040: 210,917 · +14.0%
• By 2050: 226,396 · +22.4%
• By 2075: 270,475 · +46.2%
• By 2100: 316,825 · +71.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.78)
• Race & ethnicity: White 35% Asian 29% Two or more races 25% Hispanic / Latino 13% Pacific Islander 6%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Russian 3% Lithuanian 2% Iranian 1%
• Foreign-born: 25% · Canada, Vietnam, China
• Languages at home: 74% English-only · Other Asian/Pacific 12% Tagalog/Filipino 6% Spanish 5%

Political lean MEDSL · Maui

• 2024 margin: Strong D (+25.9) · D 61.9% · R 36.0% · Other 2.2%
• 2008→2024 swing: -29.3pp toward R · 2008: 55.2pp · 2024: 25.9pp
• All cycles: 2024: D+25.9 2020: D+35.5 2016: D+38.6 2012: D+50.3 2008: D+55.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -7.68%
• Current HPI: 389.2894
• Rent YoY: ▲ 3.97%
• Metro: Kahului-Wailuku-Lahaina, HI
• State GDP YoY: —
• F500 in state: 0

Price history

-90.8% since first listed

27 events — show timeline

• 2024-06-04 Listed $8,000 RAM MLS
• 2023-12-22 Sold (MLS) $8,200 RAM MLS
• 2023-08-02 Contingent — RAM MLS
• 2023-06-16 Price Changed $10,000 RAM MLS
• 2023-03-21 Listed $11,000 RAM MLS
• 2018-02-04 Listing Removed — RAM MLS
• 2016-12-01 Listed $10,500 RAM MLS
• 2016-11-30 Listing Removed — RAM MLS
• 2016-09-14 Listing Removed — RAM MLS
• 2016-05-24 Price Changed $5,000 RAM MLS
• 2016-01-20 Listed $7,200 RAM MLS
• 2015-04-03 Listed $10,500 RAM MLS
• 2012-02-06 Listed $2,400 RAM MLS
• 2012-02-06 Sold (MLS) $2,400 RAM MLS
• 2011-09-14 Sold (Public Records) $87,501 Public Records
• 2011-04-01 Listed $4,000 RAM MLS
• 2011-04-01 Listed $6,000 RAM MLS
• 2011-04-01 Sold (MLS) $4,000 RAM MLS
• 2011-04-01 Sold (MLS) $6,000 RAM MLS
• 2006-11-20 Sold (MLS) $5,000 RAM MLS
• 2006-11-20 Sold (MLS) $5,000 RAM MLS
• 2006-05-18 Listed $5,000 RAM MLS
• 2006-05-18 Listed $5,000 RAM MLS
• 1999-07-20 Sold (Public Records) $7,500 Public Records
• 1988-11-17 Sold (Public Records) $3,950,000 Public Records
• 1980-06-01 Sold (Public Records) $165,000 Public Records
• 1978-04-01 Sold (Public Records) $87,400 Public Records

Property tax history

+6.9%/yr

Latest (2025): $13,193 · -12.6% YoY. Source: county tax records.