High-Cash-Flow Investment in Downtown Hilo –Now $535, 000<BR>Hoku Street, Hilo, HI 96720<BR><BR>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.<BR><BR>Income & ROI:<BR>• Current gross income: $70, 000–$80, 000+ per year<BR>• At $535, 000 — gross ROI of 13.1% at $70K/year or 15% at $80K/year<BR>• Opportunity to increase ROI through optimized room-by-room rentals<BR>• Additional tax benefits from depreciation and write-offs<BR>• Multi-tenant setup reduces vacancy risk and enhances income stability<BR>Why Room-by-Room Works Well Here:<BR>• Higher total income than whole-house rentals<BR>• Strong demand from students, workers, and medical professionals<BR>• Ideal for investors seeking high NOI and rent per square foot<BR>• Flexible layout suited for shared housing, workforce rentals, or multi-family use<BR><BR>Property Details:<BR>• 9 total rooms<BR>• 3 bathrooms<BR>• 2 full kitchens<BR>• Flexible layout for shared housing or rentals<BR>• Potential to raise rental value with updates<BR><BR>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.
