1403 Wailuku Dr
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Hilo Union Elementary School
Hilo Intermediate School
Hilo High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
From a conservative investment standpoint, 1403 Wailuku Dr is a poor performer. The property suffers from a staggering negative monthly cash flow of $3,400.50, meaning the investor must inject over $40,000 annually just to maintain the asset. A rental yield of 2.36% is significantly below the current risk-free rate of return and fails to cover debt service or operational overhead. While 4% annual appreciation is a positive tailwind, it cannot justify the severe capital bleed required to hold the property. This asset functions as a high-cost lifestyle purchase or a speculative appreciation play rather than a sound income-generating investment.
- • Desirable 3-bed, 3-bath configuration suitable for long-term family tenants
- • Substantial living area of 2,332 sqft provides competitive market positioning
- • Consistent 4% projected appreciation in a constrained island market
- • Severe negative monthly cash flow creates significant liquidity risk
- • Rental yield is inadequate to cover basic mortgage interest and taxes
- • High entry price of $1.1M relative to the low income-producing potential
- • Hilo's high humidity and volcanic proximity increase maintenance and insurance costs
- • Total return on investment remains negative for several years due to heavy carry costs
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-23 | Contingent | $1,100,000 | $472 |
| 2026-03-06 | Price change | $1,100,000 | $472 |
| 2025-11-07 | Listed for sale | $1,150,000 | $493 |
| 2020-05-01 | Sold | $620,000 | $266 |
| 2020-05-01 | Listed for sale | $649,000 | $278 |
| 2020-03-31 | Pending sale | $649,000 | $278 |
| 2020-03-23 | Price change | $649,000 | $278 |
| 2020-03-19 | Listed for sale | $689,000 | $295 |
| 2019-11-21 | Sold | $607,500 | $261 |
| 2019-11-21 | Listed for sale | $625,000 | $268 |
| 2019-10-06 | Pending sale | $625,000 | $268 |
| 2019-10-01 | Price change | $625,000 | $268 |
| 2019-09-09 | Price change | $649,000 | $278 |
| 2019-08-06 | Listed for sale | $679,000 | $291 |
| 2017-01-27 | Sold | $400,000 | $172 |
| 2016-12-12 | Price change | $430,000 | $184 |
| 2016-12-05 | Pending sale | $450,000 | $193 |
| 2016-09-27 | Price change | $450,000 | $193 |
| 2016-02-26 | Listed for sale | $490,000 | $210 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $695,000 |
| 2024 | $3,122.56 | $674,800 |
| 2023 | $3,106.37 | $655,100 |
| 2022 | $3,173.4 | $636,000 |
| 2021 | $3,059.63 | $617,500 |
| 2020 | $2,756.44 | $608,200 |
| 2019 | $0 | $284,000 |
| 2018 | $0 | $275,700 |
| 2017 | $299.51 | $191,500 |
| 2016 | $156.51 | $185,900 |
| 2015 | $156.51 | $180,500 |
| 2014 | $156.51 | $175,200 |
| 2013 | $0 | $170,100 |
| 2012 | $0 | $165,100 |
| 2011 | $0 | $160,300 |
| 2010 | $0 | $155,600 |
| 2009 | $0 | $151,100 |
| 2008 | $0 | $146,700 |
| 2007 | $0 | $142,400 |
| 2006 | $0 | $138,200 |
| 2005 | $0 | $134,200 |
| 2004 | $0 | $130,300 |
| 2003 | $0 | $128,400 |
| 2002 | $109.03 | $25,300 |
| 2000 | $116.59 | $0 |
| 1999 | $0 | $126,200 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $26,172/yr
On $253,000 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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