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Hawaii Cap Rate Calculator

Calculate cap rates using Hawaii market data. Property tax, insurance, vacancy rates, and other defaults are pre-filled with current Hawaii averages. Net Operating Income ÷ Property Price

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Property Details

Operating Expenses(Hawaii defaults)

Total Annual Expenses$20,086

Hawaii Market Context

Avg Cap Rate

4%

Median Price

$743K

Property Tax

0.31%

Vacancy Rate

7.4%

Local Factors

  • -Lowest property tax rate in the nation at 0.31%
  • -Extremely limited land supply drives high prices and low cap rates
  • -Short-term vacation rental regulations vary by island and can significantly impact returns

Sources

World Population Review – Median Home PriceFL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance RatesiPropertyManagement – Vacancy RatesRentData.org – Fair Market Rent

Cap Rate

1.4%

Low
Net Operating Income$10,610
Gross Income$30,696
Total Expenses$20,086
Hawaii Avg Cap Rate4%
CAP RATE1.4%
NOI$10,610
Property Tax$2,303
Insurance$1,296
Maintenance$11,145
Management$3,070
Vacancy$2,272

What does this mean?

A cap rate below 4% is typical for premium locations with lower risk but limited cash flow. Common in Class A properties in major metros.

Keep running the numbers

One calculator rarely tells the whole story.

Cap rate tells you the return without financing. Now see what happens when you add a mortgage with Hawaii rates.

Cash on Cash Return

Measure the annual return on your actual cash invested, factoring in financing, expenses, and rental income.

Calculate

NOI

Calculate Net Operating Income — the foundation of commercial real estate valuation.

Calculate

Gross Rent Multiplier

Quickly screen and compare rental properties by how many years of gross income cover the purchase price.

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