LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,023
Monthly Cash Flow
-$1,001
Principal + Equity
$2,930
Annual Total Gain
$23,154
Cash on Cash
-8.97%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Places to Live in Hawaii
#3out of 47 markets
Best Places to Raise a Family in Hawaii
#7out of 47 markets
Best Places for Young Professionals in Hawaii
#8out of 47 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hilo, HI.
In Hilo, Hawaii, Short Term Rentals (STRs) are subject to regulations set forth by the County of Hawaii. It is important for investors to be aware of these regulations before purchasing a property for STR purposes. Here are some key points to consider:
1. Permitting: In Hilo, STRs are required to obtain a Nonconforming Use Certificate (NUC) from the County of Hawaii Planning Department. This certificate allows the property to be used for short term rental purposes. It is important to ensure that the property you are considering purchasing is eligible for an NUC.
2. Zoning: The property must be located in a zoning district that allows for short term rentals. It is important to check the zoning regulations in the specific area where the property is located to ensure compliance.
3. Taxes: Short term rental operators in Hawaii are required to collect and remit Transient Accommodations Tax (TAT) and General Excise Tax (GET) on rental income. It is important to understand the tax implications of operating a short term rental in Hilo.
4. Occupancy Limits: The County of Hawaii has regulations in place regarding the maximum number of guests allowed to stay in a short term rental property. It is important to ensure compliance with these regulations to avoid potential fines or penalties.
5. Noise and Nuisance Regulations: The County of Hawaii has regulations in place to address noise and nuisance issues related to short term rentals. It is important to be aware of these regulations and take steps to ensure that guests comply with them.
6. Community Impact: It is important to consider the potential impact of operating a short term rental on the local community. Some residents may have concerns about noise, parking, and other issues associated with short term rentals. It is important to be a responsible operator and address any concerns that may arise.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a short term rental in Hilo, Hawaii before purchasing a property for this purpose. Failure to comply with regulations could result in fines, penalties, or even the loss of the ability to operate the property as a short term rental.
Market Trends Over Time
Explore 25 years of market data for Hilo, HI, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Hilo, HI.
The LTR Genie Score of Hilo, HI is 63, indicating a moderate level of attractiveness for long-term rental investment. This score is influenced by the stable LTR rentability and net ROI of 17.3%, although the lack of rent growth may be a concern for some investors. On the other hand, the STR Genie Score of 76 suggests a high level of attractiveness for short-term rental investment, with a higher net ROI of 22.43% and strong occupancy rate of 67.86%.
Hilo, HI is a popular tourist destination known for its natural beauty, including waterfalls, botanical gardens, and black sand beaches. The town also has a strong cultural heritage, with events like the Merrie Monarch Festival showcasing traditional hula dance. These factors contribute to the high STR Genie Score, as tourists are likely to seek short-term rental accommodations in the area.
Based on the metrics provided, Hilo, HI appears to be a more attractive market for short-term rental investment due to the higher STR Genie Score and potential for higher returns. However, investors should consider the unique characteristics of the market and their own investment goals before making a decision.
LTR Genie Score 80
$225,000
🛏 4 Beds🛁 2.0000 Baths🏙 1,188 sqft.🏠 SINGLE FAMILY
