About 82-d Hoku St
High-Cash-Flow Investment in Downtown Hilo –Now $535,000
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 $535,000 — gross ROI of 13.1% at $70K/year or 15% at $80K/year
• Opportunity to increase ROI through optimized room-by-room 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
Property Details:
• 9 total rooms
• 3 bathrooms
• 2 full kitchens
• Flexible layout for shared housing or rentals
• Potential to raise rental value with updates
Prime Downtown Hilo Location — walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.
