Description
High-Cash-Flow Investment in Downtown Hilo -Now $495,500 Hoku Street,Hilo,HI 96720 This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further. Income & ROI: Current gross income: $70,000-$80,000+ per year At $495,500 gross ROI of 13.1% at $70K/year or 15% at $80K/year Opportunity to increase ROI through optimized room-by-room rentals Additional tax benefits from depreciation and write-offs Multi-tenant setup reduces vacancy risk and enhances income stability Why Room-by-Room Works Well Here: Higher total income than whole-house rentals Strong demand from students, workers, and medical professionals Ideal for investors seeking high NOI and rent per square foot Flexible layout suited for shared housing, workforce rentals, or multi-family use
Details
| MLS # | 202518347 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1945 |
| Days On Site | 360 |
| Listing Provided By | Nathalie Mullinix R. U., Inc. | Nathalie C Mullinix |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,900 |
| Garage | 2 |
| Car Port | Yes |
| Story(s) | 2 |
| Zoning | 07 - R-3.5 Residential District |
| Property View | None |
Exterior
| Construction Materials | Single Wall |
|---|
Interior
| Inclusions | None |
|---|
Taxes
| Property | 3468 |
|---|
Area Information
| State | HI |
|---|---|
| County | Hawaii |
| City | Hilo |
| Zip Code | 96720 |
| Area | Big Island |
| Community Name | HILO |
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Learn More About This Property
| State | HI |
|---|---|
| County | Hawaii |
| City | Hilo |
| Zip Code | 96720 |
| Area | Big Island |
| Community Name | HILO |