About This Home
This 9-bedroom, 3-bathroom single family at 82 Hoku Street in Hilo, HI is listed for $365,000 ($94 per sqft). Built in 1945, the home offers 3,900 sqft of living space on a N/A lot.
Key Features
- Built in 1945
- 2 stories
- 2 parking spaces
Property Details
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-ro
om 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
Monthly Cost Estimate
$1,952/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
82 Hoku Street
Hilo, HI 96720
HILO
Property Details
Flooring
Construction
Parking
Questions & Answers
This 9-bedroom, 3-bathroom single family at 82 Hoku Street is listed at $365,000 ($94/sqft). The estimated monthly payment is $1,952 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1945, 2 stories, 2 parking spaces.
This property is listed by Nathalie C Mullinix and can be reached at 8082610350.