ZIP CODE 96706 // URBAN HONOLULU, HI // DATA AS OF 2026-09-30
Ewa Beach, HI (96706) Rental Property Cap Rate & Cash Flow Report
Located in Honolulu County (Ewa Beach, HI), Zip Code 96706 ranks #171 of 500 within this selected sample (66th percentile) with a Zillow ZHVI typical home-value index of $827,206 (+2.3% YoY) and a ZORI observed market rent of $3,528/mo (+5.3% YoY). Requires at least 51.4% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,644/mo
Annual: -$19,730/yr
Modeled Cap Rate
3.68%
NOI: $30,463/yr
Cash-on-Cash Return
-10.37%
Cash Needed: $190,257
1% Rule Ratio
0.43%
Gross Yield: 5.12%
Break-Even Rent
$5,418/mo
State Tax: 0.27%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 96706 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (HI Avg 0.27%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$4,183/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$989/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (96706)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $759,875 | $3,008/mo | 4.75% |
| 2022 | $857,598 | $3,016/mo | 4.22% |
| 2023 | $834,255 | $3,098/mo | 4.46% |
| 2024 | $832,046 | $3,248/mo | 4.68% |
| 2025 | $808,795 | $3,352/mo | 4.97% |
| 2026 | $827,206 | $3,528/mo | 5.12% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 96797 Waipahu, HI | $868,547 | $2,892/mo | 2.71% | -$2,433/mo |
| 30043 Lawrenceville, GA | $399,072 | $1,916/mo | 3.68% | -$793/mo |
| 78640 Kyle, TX | $293,532 | $1,585/mo | 3.67% | -$587/mo |
| 30318 Atlanta, GA | $376,239 | $1,815/mo | 3.71% | -$740/mo |
| 23456 Virginia Beach, VA | $554,166 | $2,670/mo | 3.71% | -$1,089/mo |
| 37013 Nashville, TN | $352,025 | $1,586/mo | 3.65% | -$708/mo |