347 Nohea St
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Waiakeawaena Elementary School
Waiakea Intermediate School
Waiakea 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
347 Nohea St represents a significant financial risk from a conservative investment standpoint. While the 4-bedroom configuration and Hilo location offer utility and a steady 4% appreciation rate, the immediate cash flow metrics are disqualifying. A rental yield of 2.87% is critically low, failing to meet even basic cap rate expectations for residential assets. Most concerning is the projected monthly cash flow of negative $1,918.56. An investor would effectively be subsidizing this asset by over $23,000 annually. This 'alligator' property relies entirely on speculative appreciation to offset heavy operational losses, making it an unsustainable choice for those seeking income or capital preservation.
- • Spacious 1,904 sqft 4-bedroom layout is ideal for local family demand
- • Consistent 4% annual appreciation forecast provides long-term equity growth
- • Hilo market offers more stability compared to more volatile mainland luxury markets
- • Deeply negative monthly cash flow of -$1,918.56 requires heavy out-of-pocket subsidization
- • Rental yield of 2.87% is significantly below current risk-free interest rates
- • High entry price point relative to the local rental market's ability to service debt
- • Dependency on appreciation alone to achieve a positive internal rate of return
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2025-12-08 | Listed for sale | $719,000 | $378 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $529,200 |
| 2024 | $5,495.61 | $495,100 |
| 2023 | $5,123.76 | $461,600 |
| 2022 | $4,747.47 | $427,700 |
| 2021 | $505.53 | $227,700 |
| 2020 | $472.94 | $221,100 |
| 2019 | $441.57 | $214,700 |
| 2018 | $380.07 | $208,400 |
| 2017 | $351.17 | $202,300 |
| 2016 | $0 | $196,400 |
| 2015 | $0 | $190,700 |
| 2014 | $0 | $185,100 |
| 2004 | $0 | $137,800 |
| 2003 | $0 | $134,800 |
| 2002 | $140.62 | $32,000 |
| 2000 | $140.18 | $0 |
| 1999 | $0 | $131,500 |
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: $20,087/yr
On $165,370 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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