Are you ready to unlock the potential of your investment portfolio? Discover the best cash on cash return investment properties near Hilo, where stunning landscapes meet lucrative opportunities. With a thriving rental market and a growing economy, Hilo offers savvy investors the chance to maximize their returns while enjoying the beauty of Hawaii. Dive into our comprehensive guide to find out which properties can deliver exceptional cash flow and set you on the path to financial success.
| Id | Link | Location | Type | Cash on Cash | Price | Rent | Total Payment | NOI | Cap Rate | Cash Flow | GRM | DSCR | P&I | Tax | HOA Fees | Insurance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 605 | 27-292 Old Mamalahoa Hwy, Papaikou, HI 96781 | Papaikou, HI | Single Family | 35.5% | $279,000 | $3,151 | $1,502 | $3,067 | 13.2% | $1,649 | 7.4 | 2.3 | $1,355 | $63 | $0 | $84 |
| 580 | 334 Kauila St, Hilo, HI 96720 | Hilo, HI | Multi Family | 10.0% | $410,000 | $2,893 | $2,207 | $2,770 | 8.1% | $686 | 11.8 | 1.4 | $1,992 | $92 | $0 | $123 |
| 601 | 360 Kauila St APT 110, Hilo, HI 96720 | Hilo, HI | Condo | 8.4% | $199,000 | $2,027 | $1,748 | $1,298 | 7.8% | $279 | 8.2 | 1.3 | $974 | $45 | $669 | $60 |
| 600 | 84 Bayshore Towers #1104, Hilo, HI 96720 | Hilo, HI | Townhouse | 3.6% | $199,500 | $1,905 | $1,786 | $1,143 | 6.9% | $119 | 8.7 | 1.2 | $979 | $45 | $702 | $60 |
| 598 | 393 Ohai St, Hilo, HI 96720 | Hilo, HI | Single Family | 2.9% | $349,000 | $2,049 | $1,880 | $1,944 | 6.7% | $169 | 14.2 | 1.1 | $1,696 | $79 | $0 | $105 |
| 595 | 485 Waianuenue Ave APT 123, Hilo, HI 96720 | Hilo, HI | Condo | 2.2% | $225,000 | $1,839 | $1,758 | $1,236 | 6.6% | $81 | 10.2 | 1.1 | $1,104 | $51 | $535 | $68 |
| 582 | 1700 Keone St, Hilo, HI 96720 | Hilo, HI | Single Family | -0.9% | $650,000 | $3,350 | $3,445 | $3,155 | 5.8% | -$95 | 16.2 | 1.0 | $3,104 | $146 | $0 | $195 |
| 591 | 153 Kaumana Dr, Hilo, HI 96720 | Hilo, HI | Single Family | -4.8% | $420,000 | $1,925 | $2,261 | $1,799 | 5.1% | -$336 | 18.2 | 0.9 | $2,040 | $95 | $0 | $126 |
| 593 | 167 Barenaba Ln, Hilo, HI 96720 | Hilo, HI | Single Family | -6.6% | $599,000 | $2,514 | $3,176 | $2,334 | 4.7% | -$662 | 19.9 | 0.8 | $2,861 | $135 | $0 | $180 |
| 604 | 25-3494 Pakelekia St, Hilo, HI 96720 | Hilo, HI | Single Family | -7.1% | $529,000 | $2,222 | $2,848 | $2,063 | 4.7% | -$626 | 19.8 | 0.8 | $2,570 | $119 | $0 | $159 |
This property presents an exceptional investment opportunity nestled in the charming area of Papaikou. While it requires a bit of tender loving care, its potential is undeniable. The layout is ideal for rental purposes or accommodating multigenerational families, featuring an upstairs unit with 2 bedrooms and 1 bath, alongside a downstairs unit boasting 3 bedrooms and 1 bath. Its prime location offers convenient access to local amenities, including the Prince Jonah Kuhio Kalaniana?ole Elementary & Intermediate School, a nearby post office, and the Kimura General Store, making it a desirable spot for tenants.
ProsIn summary, this property in Hilo is a remarkable opportunity for those looking to invest in a versatile and promising asset. With its strong financial metrics and potential for growth, it’s a chance you won’t want to miss. To learn more about this property and discover other exciting opportunities in Hilo, enter your email below!
Step into a world where modern elegance meets the soothing embrace of nature with this exquisitely updated duplex. Nestled near the tranquil Pukihae stream, this property features two unique living spaces, making it an ideal choice for diverse living arrangements or investment opportunities. Unit #5 welcomes you with its charming 2-bedroom, 1-bath layout, complete with a private entrance for enhanced seclusion. This unit is equipped with essential appliances, including a refrigerator, range/oven, and a stacked washer/dryer, and has been tastefully renovated to include partial furnishings and a delightful small lanai, perfect for relaxation while enjoying the serene river sounds.
Unit #6 offers a cozy studio experience, also featuring a full bath and a separate entry. Like its counterpart, this unit comes with a refrigerator, range/oven, and a stacked washer/dryer, and has been recently updated with stylish furnishings. Both units are separately metered, ensuring convenience for residents, and each has its own dedicated parking space. This thoughtfully designed duplex not only provides a peaceful retreat but also easy access to modern amenities, making it a prime investment opportunity.
ProsIn summary, this beautifully updated duplex in Hilo presents a unique investment opportunity with its dual living spaces and modern amenities. Don't miss out on the chance to learn more about this property and other exciting listings in Hilo. Enter your email to stay informed!
Welcome to a charming apartment complex nestled in the heart of Hilo, where convenience meets comfort. This delightful ground-floor unit is just a stone's throw away from downtown, offering easy access to essential amenities such as libraries, medical offices, grocery stores, restaurants, and the beautiful oceanfront. With the Hilo Benioff Medical Center located approximately one mile away, this property is perfect for both residents and visitors alike.
This quaint building features a refreshing pool, on-site laundry facilities, and dedicated parking, making it an ideal choice for those seeking a hassle-free lifestyle. The property is situated in an area that allows short-term vacation rentals (STVR), providing a lucrative opportunity for investors. The unit boasts two spacious bedrooms and 1.5 bathrooms, ensuring comfort and convenience for its occupants. Plus, with T-Mobile high-speed internet included in the HOA fees, staying connected is a breeze.
ProsIn summary, this property presents a unique opportunity for investors looking to capitalize on a prime location in Hilo. With its attractive financial metrics and desirable amenities, it’s a chance not to be missed. If you’re interested in learning more about this property and other investment opportunities in Hilo, please enter your email to stay updated!
Imagine waking up to the soothing sounds of waves crashing against the shore, with breathtaking views of Hilo Bay right outside your window. This stunning oceanfront unit is ideally situated near the vibrant heart of Hilo, making it a perfect choice for those seeking a blend of tranquility and convenience. Just a short stroll away, you’ll find the bustling Farmers Market and a variety of delightful restaurants, libraries, and local shops that Hilo has to offer.
This well-appointed condominium features a cozy kitchen equipped with modern amenities, including an electric cooktop, microwave, refrigerator, and range/oven, ensuring you have everything you need to whip up your favorite meals. The complex boasts elevators for easy access, a refreshing pool to cool off during warm summer days, and reserved covered parking for residents, making life here both comfortable and convenient.
ProsThis oceanfront gem in Hilo presents a unique opportunity for those looking to invest in a vibrant community while enjoying the beauty of coastal living. Don’t miss out on this chance to make it yours! Enter your email to learn more about this property and discover other amazing opportunities in Hilo.
Welcome to a delightful property that embodies the essence of Hilo living. This charming abode is conveniently located within walking distance to the vibrant Hilo Town, where you can immerse yourself in the local culture at the Farmer's Market, savor delicious meals at nearby restaurants, and explore a variety of unique shops. The spacious front lanai invites you to relax and enjoy the gentle Hawaiian breeze, while the generous living room provides ample space for gatherings and relaxation.
Underneath the house, you'll find a practical laundry and storage area, ensuring that your living space remains clutter-free. The well-maintained lawn adds to the property's curb appeal, and a covered storage area in the backyard offers additional convenience for your outdoor equipment or hobbies.
ProsThis property is not just a home; it's an opportunity to embrace the Hilo lifestyle while making a sound investment. If you're interested in learning more about this charming property and other exciting opportunities in Hilo, don't hesitate to enter your email for more information!
This exceptional property, zoned for General Commercial use, presents a remarkable opportunity for both short-term and long-term rental investments. Nestled in the vibrant Hilo Terrace, this newly refurbished ground floor corner unit boasts 2 cozy bedrooms, a well-appointed bathroom, and a versatile kitchen and living room layout. The movable kitchen island adds a touch of flexibility, making it easy to adapt the space to your needs. With a total area of 695 square feet, this unit is not just a home; it's a gateway to the lively culture and community of Hilo.
Residents will enjoy a plethora of amenities, including mail service, access to a refreshing pool, dedicated parking, and on-site laundry facilities. The location is unbeatable, just a stone's throw from Hilo's Friday Night Market, downtown farmers market, and a variety of local dining options. Additionally, essential services such as Hilo Hospitals and schools are conveniently nearby, ensuring that everything you need is within reach.
Recent upgrades to the Hilo Terrace complex, including a renovated pool and laundry facilities in 2019, a newly asphalted parking lot in 2020, and new roofs on all buildings in 2023, enhance the appeal of this investment. The monthly maintenance fee of $535 covers essential services like water, sewer, gas, condo insurance, and common area upkeep, while owners are responsible for their own electricity, trash, cable, internet, and phone services. Don't miss the chance to explore this property further through the virtual tour!
ProsIn summary, this property in Hilo offers a unique blend of comfort, convenience, and investment potential. If you're interested in learning more about this opportunity and other properties in Hilo, don't hesitate to enter your email for further information!
This generously sized 5-bedroom, 3-bath residence is a canvas for your dreams, offering ample room for large families, home offices, or accommodating guests. Nestled at the intersection of Keone Street and Palakiki Street in the desirable Machado Acres Subdivision, this property is just a stone's throw away from the beloved Machado Acres Walking Park. Golf enthusiasts will appreciate the proximity to Hilo Municipal Golf Course, located a mere 5 minutes away.
One unique feature of this home is the dedicated caretaking suite, designed for single-level living with assisted living amenities. The remaining areas of the house provide a wealth of space for personal and family enjoyment. Additionally, the west-facing side boasts a photovoltaic roof-mounted system installed in 2015, featuring 28 panels with a capacity of 255W, promoting energy efficiency and sustainability.
ProsIn summary, this property presents a unique opportunity for those seeking a spacious home in Hilo, perfect for families or investors looking to capitalize on its potential. If you're interested in learning more about this property and other opportunities in Hilo, don't hesitate to enter your email for further information!
Discover the charm of Hilo with this inviting 3-bedroom, 1-bath residence, ideally situated just moments from the heart of the city. This property offers a unique chance to embrace the vibrant lifestyle of Hilo while enjoying the convenience of nearby amenities such as schools, hospitals, and shopping. Nestled off Kaumana Drive, the home is securely fenced, providing a sense of privacy and tranquility.
The spacious front yard presents ample parking options, while the backyard is a blank canvas, perfect for cultivating a vegetable garden or designing an outdoor lanai for entertaining. Although the home requires some tender loving care, it stands as a fantastic opportunity for buyers eager to invest in a property with great potential.
ProsIn summary, this property in Hilo is a promising investment for those willing to put in the effort to restore its charm. If you're interested in learning more about this opportunity and other properties in Hilo, don't hesitate to enter your email for further information!
Embrace the allure of this delightful 2-bedroom, 2-bathroom residence nestled in the vibrant heart of Hilo. With stunning vistas of the Waiakea Stream, this custom-built home is just moments away from a plethora of shopping, dining, and essential services. The property boasts impressive 10-foot ceilings and an abundance of windows that flood the space with natural light, creating a warm and inviting atmosphere.
The main living area features elegant 16x16 ceramic tile flooring, while the bedrooms are adorned with plush carpeting for added comfort. Built-in bookshelves provide a touch of sophistication, and the kitchen showcases exquisite handcrafted Sapele wood cabinets. Custom rock retaining walls enhance the exterior, adding to the property's unique character.
Accessibility is a key feature, with one bathroom equipped with a wheelchair-accessible shower, and the single-level layout ensures ease of movement throughout the home. The current owner has installed motorized custom Yoolax blinds on most windows, offering convenience and style. Step outside to enjoy the floating deck at the back, complete with Aleko retractable awnings and sleek wire railings, perfect for relaxing or entertaining.
Despite its compact land footprint, the backyard borders state-owned land, providing a sense of spaciousness and tranquility. This meticulously maintained home is a true gem in Hilo, offering both comfort and charm.
ProsIn summary, this charming Hilo home offers a unique blend of comfort, accessibility, and style, making it an excellent choice for those seeking a cozy retreat. If you're interested in learning more about this property and other opportunities in Hilo, don't hesitate to enter your email for further information!
Step into a world of tranquility with this charming 2-bedroom, 1.5-bathroom corner lot home located in the enchanting Kaumana City. This residence is a perfect blend of comfort and convenience, offering an open-concept living and dining area that is ideal for both entertaining guests and enjoying quiet family moments. The expansive windows flood the space with natural light, creating a warm and inviting ambiance. From the second level, you can relish breathtaking views of Hilo Bay, making every day feel like a vacation.
Situated in a friendly and vibrant neighborhood, this property is just a stone's throw away from local shops, delightful restaurants, lush parks, and reputable schools. You’ll appreciate the seamless access to Hilo town amenities while also enjoying the convenience of Saddle Rd for trips to the Kona/west side of the island. This home is not just a place to live; it’s a lifestyle waiting to be embraced.
ProsIn summary, this delightful home in Kaumana City offers a unique opportunity for those seeking a blend of comfort and convenience in a picturesque setting. Don’t miss your chance to explore this property further and discover more about other amazing opportunities in Hilo. Enter your email to stay updated!