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Hawaii Rental Yield Calculator

Calculate rental yield using Hawaii market data. Gross yield uses total rent before expenses; net yield subtracts operating costs — the number that actually matters.

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Property & Income

Operating Expenses(Hawaii defaults)

Total Annual Expenses$20,086

Gross vs. Net Rental Yield

Gross rental yield is the simplest comparison metric: annual rent divided by total property cost. It's useful for quick screening but doesn't account for the real cost of ownership.

Net rental yield subtracts operating expenses (taxes, insurance, maintenance, management, vacancy) from income before dividing by cost. This tells you what the property actually earns as a percentage of your investment.

The gap between gross and net reveals your expense ratio — how much of your gross income gets consumed by costs. A tight ratio means more money in your pocket; a wide one means the property is expensive to hold.

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

Net Rental Yield

1.4%

Low

Gross Rental Yield

4.0%

Annual Gross Income$30,696
Annual Net Income$10,610
Total Investment$765,290
Total Expenses$20,086
Expense Ratio65.4%
Monthly Net Income$884
NET YIELD1.4%
Net Income$10,610
Property Tax$2,303
Insurance$1,296
Maintenance$11,145
Management$3,070
Vacancy$2,272
Other$0

What does this mean?

A net yield below 3% is typical in high-demand markets where appreciation drives returns more than cash flow. You're betting on the asset growing in value.