1706 Waianuenue Ave
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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
This property presents a significant financial challenge from a conservative investment standpoint. With a rental yield of only 2.8% and a severe negative monthly cash flow of -$2,285, the asset operates as a 'negative carry' investment. Even with a projected 4% appreciation rate, the annual capital gains would barely offset the out-of-pocket losses required to maintain the mortgage and operating expenses. Hilo is a stable market, but the price-to-rent ratio here is fundamentally decoupled from investment logic. Relying solely on appreciation while losing over $27,000 annually in cash flow creates high insolvency risk and fails the primary objective of income-producing real estate.
- • Substantial living space of 2,330 sqft
- • Consistent 4% projected annual appreciation
- • Desirable residential location in Hilo near healthcare and amenities
- • Severely negative monthly cash flow of -$2,285
- • Extremely low rental yield of 2.8% compared to current interest rates
- • High maintenance and insurance costs typical of Hawaiian coastal climates
- • Negative debt service coverage ratio (DSCR) making financing difficult
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-24 | Contingent | $839,000 | $360 |
| 2026-02-17 | Price change | $839,000 | $360 |
| 2025-12-09 | Price change | $875,000 | $376 |
| 2025-10-13 | Listed for sale | $899,000 | $386 |
| 2022-08-02 | Sold | $800,000 | $343 |
| 2022-06-20 | Contingent | $825,000 | $354 |
| 2022-06-10 | Listed for sale | $825,000 | $354 |
| 1994-03-31 | Sold | $125,000 | $54 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $697,700 |
| 2024 | $7,566.87 | $681,700 |
| 2023 | $7,233.87 | $651,700 |
| 2022 | $473.55 | $283,800 |
| 2021 | $432.96 | $275,500 |
| 2020 | $393.6 | $267,500 |
| 2019 | $355.47 | $259,700 |
| 2018 | $281.67 | $252,100 |
| 2017 | $247.23 | $244,800 |
| 2016 | $189.26 | $237,700 |
| 2015 | $189.26 | $230,800 |
| 2014 | $189.26 | $224,100 |
| 2013 | $0 | $217,600 |
| 2012 | $0 | $211,300 |
| 2011 | $0 | $205,100 |
| 2010 | $0 | $199,100 |
| 2009 | $0 | $193,300 |
| 2008 | $0 | $187,700 |
| 2007 | $0 | $182,200 |
| 2006 | $0 | $176,900 |
| 2005 | $0 | $171,700 |
| 2004 | $0 | $166,700 |
| 2003 | $0 | $163,800 |
| 2002 | $314.62 | $31,000 |
| 2000 | $313.73 | $0 |
| 1999 | $0 | $160,500 |
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: $23,390/yr
On $192,970 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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