92-1401 Donola Dr · Hawaiian Ocean View, HI 96737

$245,000

2 bd · 3.0 ba · 1,416 sqft · SingleFamily · 122 Days on market

Built 1981 Poor condition 1.00 ac lot $173/sqft · 33% below area Est $366k · 33% under

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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).

• ARV discount +15.0/15.0
• Cash flow +9.1/30.0
• Appreciation +5.0/10.0
• 1% rule +2.8/10.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• Schools +1.5/10.0
• Condition / age +1.0/5.0

Listing remarks MLS

This 3 Bedroom, 2 bath home is on a nice corner lot in HOVE. . This home is permitted as a 2 Bedroom, 2 Bath. The carport has been enclosed to be the 3rd Bedroom. There is some beautiful trees, including a couple of large Jacarandas that when they bloom are beautiful. The driveway is a horse shoe, making it easy for in and out. The interior is in need of some TLC and therefore the price of this home reflects this.

Key facts

• 1 acre lot
• Built 1981
• Listed 121 days

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $245k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-188 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (11.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (22.2% below list).
• Recommended offer: $191k (22.2% below list) — sets the bar for 1% rule.

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: 285 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 982 units permitted in Hawaii County in 2024 (0 in 5+ unit buildings).
• At $1,905/mo this rent would consume 49% 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 + $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.
• 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 122 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

Recommended offer $190,511 (22.2% 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 122 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 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: 0.78% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.29%
• DSCR: 0.85
• GRM: 10.7

CMA / ARV

• ARV (median comp): $365,501
• List price: $245,000
• Delta: -32.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
92-8373 Maile Dr	0.57mi	3/2.0 (+1)	1,408 (-1%)	19mo	$471,000	$335	48
92-8595 King Kamehameha Blvd	0.73mi	2/2.0	1,296 (-8%)	1mo	$425,000	$328	47
92-8366 Tiki Ln	0.55mi	2/2.0	1,168 (-18%)	2mo	$280,000	$240	44
92-8490 Jasmine Dr	0.81mi	3/2.0 (+1)	1,300 (-8%)	7mo	$365,000	$281	37
92-6072 Orchid Circle Mauka	0.46mi	3/2.0 (+1)	1,164 (-18%)	17mo	$400,000	$344	30

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: 4.5%
• Equity multiple: 1.26×
• Total profit: $17,562
• Equity at exit: $110,163

10-year hold

• IRR: 7.6%
• Equity multiple: 2.16×
• Total profit: $79,388
• Equity at exit: $169,774

Cash invested: $68,600 (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: 6 active · 2 under contract
• Months of supply: 18.0 mo (6%/mo absorbed)
• Median asking: $382,000 ($298/sqft)
• Median days on market: 76 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -13.3% 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: 285
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,905 medium
• Mortgage (P&I): −$1,285
• Tax est. 1.5%: −$306 /mo · $3,675/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-188

Break-even live

Break-even rent $2,143

Max offer price $217,781

Occupancy floor —

Sensitivity live

Price	-10% $-19	-5% $-103	+0% $-188	+5% $-273	+10% $-357
Rent	-10% $-339	-5% $-263	+0% $-188	+5% $-113	+10% $-38
Rate	-1.0pp $-65	-0.5pp $-126	base $-188	+0.5pp $-252	+1.0pp $-316

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: $61,250
• Closing costs: $7,350
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
92-8453 Catamaran Ln Ocean View, HI	3.0	2.0	1008	$1,750	$1.74	67d	1	0.85mi
92-8611 Catamaran Ln Mountain View, HI	3.0	2.0	1320	$2,100	$1.59	139d	1	1.39mi

Property features AI

Exterior

• Utilities: Fiber-optic internet availableElectricity availableCatchment water sourceCesspool sewerNo solid waste disposal service
• Home design: Fee simple ownership
• Construction: Lava Zone 2
• Exterior features: Corner lotGrassy areasWooded areasGentle slope topographyRoad/Street frontagePaved private road access

Interior

• Kitchen: Refrigerator
• Flooring: CarpetCeramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Tankless water heater
• Interior features: Blinds on windows

Listing history 50 events

1. 2026-09-24
   days on market $245,000 Active 122 DOM
2. 2026-09-23
   days on market $245,000 Active 121 DOM
3. 2026-09-22
   days on market $245,000 Active 120 DOM
4. 2026-09-21
   days on market $245,000 Active 119 DOM
5. 2026-09-20
   days on market $245,000 Active 118 DOM
6. 2026-09-19
   days on market $245,000 Active 117 DOM
7. 2026-09-18
   days on market $245,000 Active 116 DOM
8. 2026-09-17
   days on market $245,000 Active 115 DOM
9. 2026-09-16
   days on market $245,000 Active 114 DOM
10. 2026-09-15
    days on market $245,000 Active 113 DOM
11. 2026-09-14
    days on market $245,000 Active 112 DOM
12. 2026-09-13
    days on market $245,000 Active 111 DOM
13. 2026-09-12
    days on market $245,000 Active 110 DOM
14. 2026-09-11
    days on market $245,000 Active 109 DOM
15. 2026-09-05
    days on market $245,000 Active 103 DOM
16. 2026-09-04
    days on market $245,000 Active 102 DOM
17. 2026-09-03
    days on market $245,000 Active 101 DOM
18. 2026-08-31
    days on market $245,000 Active 98 DOM
19. 2026-08-29
    days on market $245,000 Active 96 DOM
20. 2026-08-28
    days on market $245,000 Active 95 DOM
21. 2026-08-27
    days on market $245,000 Active 94 DOM
22. 2026-08-25
    days on market $245,000 Active 92 DOM
23. 2026-08-24
    days on market $245,000 Active 91 DOM
24. 2026-08-23
    days on market $245,000 Active 90 DOM
25. 2026-08-22
    days on market $245,000 Active 89 DOM
26. 2026-08-21
    days on market $245,000 Active 88 DOM
27. 2026-08-20
    days on market $245,000 Active 87 DOM
28. 2026-08-19
    days on market $245,000 Active 86 DOM
29. 2026-08-18
    days on market $245,000 Active 85 DOM
30. 2026-08-17
    days on market $245,000 Active 84 DOM
31. 2026-08-16
    days on market $245,000 Active 83 DOM
32. 2026-08-15
    days on market $245,000 Active 82 DOM
33. 2026-08-14
    days on market $245,000 Active 81 DOM
34. 2026-08-13
    pricedays on market $245,000 Active 80 DOM
35. 2026-08-12
    days on market $250,000 Active 79 DOM
36. 2026-08-11
    days on market $250,000 Active 78 DOM
37. 2026-08-10
    days on market $250,000 Active 77 DOM
38. 2026-08-09
    days on market $250,000 Active 76 DOM
39. 2026-08-08
    days on market $250,000 Active 75 DOM
40. 2026-08-07
    days on market $250,000 Active 74 DOM
41. 2026-08-06
    days on market $250,000 Active 73 DOM
42. 2026-08-05
    days on market $250,000 Active 72 DOM
43. 2026-08-04
    days on market $250,000 Active 71 DOM
44. 2026-08-03
    remarks 699-char remark
45. 2026-08-03
    days on market $250,000 Active 70 DOM
46. 2026-07-31
    days on market $250,000 Active 67 DOM
47. 2026-07-30
    days on market $250,000 Active 66 DOM
48. 2026-07-30
    days on market $250,000 Active 65 DOM
49. 2026-07-28
    days on market $250,000 Active 64 DOM
50. 2026-07-26
    days on market $250,000 Active 62 DOM

ⓘ 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: $22,861
• − Mortgage interest: −$13,724
• − Property taxes: −$3,675
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,829
• − Management: −$1,829
• − Depreciation: −$7,127
• Taxable loss: −$6,548
• Est. tax savings @ 24.0%: +$1,571
• After-tax cash flow: $-686/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 · 4 photos

Poor 20/100 Extensive rehab Est. rehab $70,800–$127,440 screening

This property requires extensive renovation and repair work, including exterior siding, foundation, and landscaping. Immediate attention is needed to improve its condition and increase its resale and rental value.

Repairs flagged

• Major Exterior siding — Significant wear and tear
• Major Foundation — Exposed structural issues
• Major Landscaping — Overgrown vegetation

Value-add opportunities

• Both Exterior renovation — Improves curb appeal and overall property value ↑
• Both Landscaping — Enhances curb appeal and property value ↑
• Both Interior renovation — Improves living conditions and property value ↑

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

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

Property features AI

Exterior

• Utilities: Fiber-optic internet availableElectricity availableCatchment water sourceCesspool sewerNo solid waste disposal service
• Home design: Fee simple ownership
• Construction: Lava Zone 2
• Exterior features: Corner lotGrassy areasWooded areasGentle slope topographyRoad/Street frontagePaved private road access

Interior

• Kitchen: Refrigerator
• Flooring: CarpetCeramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Tankless water heater
• Interior features: Blinds on windows

Price history

+11.1% since first listed

4 events — show timeline

• 2026-05-25 Listed $250,000 HI Information Service
• 2023-09-29 Sold (MLS) $225,000 HI Information Service
• 2023-06-07 Contingent — HI Information Service
• 2023-06-03 Listed $225,000 HI Information Service