Invesment in residential real estate in Hawaii hasn't always been known for its cashflow. Typically most people that "invest" are banking on appreciation. In any event, getting properties to cashflow has been more difficult in the last year or two. For those of you out there looking for an investment, I have a listing that is the lowest priced home in Aiea at $510,000. It is currently tenant occupied and the tenants are paying $2500/month. That alone could carry a good $400,000 ish in debt service. If someone where to be able to put 20% down, this would pay for itself! It's right up the hill from Pearl Harbor and minutes from Pearl Ridge shopping center!
In addition, this place was completely remodeled in 2007! A 4 bed, 2 bath home @ $510,000! It's a bargain!
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