Single Family 9 bedroom $365,000 MLS:202518347

High-Cash-Flow Investment in Downtown Hilo –Now $495,500Hoku Street,Hilo,HI 96720This 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 stabilityWhy 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