The Waimea Town Plaza Investment offers a prime opportunity in a high-demand, hospital-adjacent market, providing stable rental income, strong appreciation potential, and flexible zoning for both commercial and residential use. With a purchase price of $359,000 and $30,000 in renovations, the property has achieved a post-renovation market value of $475,000, delivering $86,000 in equity gain. Investors benefit from a monthly rental income of $2,975, netting $800 per month in cash flow, with a 12%+ cash-on-cash return and an estimated cap rate of 7.5%. Given limited housing supply and ongoing healthcare-driven demand, the target hold period of 1-3 years offers a projected annual return of 10%+, making this a strategic, cash-flowing real estate investment with both short-term gains and long-term upside.
About the property
Waimea Town Plaza Investment
Located in a high-demand, hospital-adjacent market, Waimea Town Plaza presents an investment with stable rental income, strong appreciation potential, and flexible zoning for commercial or residential use.
Key Investment Highlights:
• Purchase Price: $359,000
• Renovation Costs: $30,000
• Total Investment: $389,000
• Current Market Value (Post-Renovation): $475,000
• Equity Gain: ~$86,000
• Monthly Rental Income: $2,975
• Net Cash Flow: $800 per month
• Cash-on-Cash Return: 12%+ annual return based on an $80,000 down payment
• Cap Rate: ~7.5%
• Projected Long-Term Appreciation: Strong due to limited housing supply and healthcare-driven demand
• Target Hold Period: 1-3 years
• Projected Annual Return: 10%+
This turnkey investment provided immediate cash flow with a $800 monthly net return, while securing long-term equity appreciation in a high-growth market.
Property amenities
Garden
Internet
Laundry
