Single Family Residence in Hilo, HI

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-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