$10,000 Closing Credit¹
#403488, Gina M Parola RB-17055, Listing Office: Keller Williams Realty Maui-L
$10,000
closing credit¹
1606 S Kihei Rd Kihei, HI 96763
$1,475,000 List price
$10,000
Closing credit¹
4 beds
3 baths
2,108 sqft
0.2 acres
$700 / sqft
House
Property details
About 1606 S Kihei Rd
The main house is divided into three (3) apartments. The downstairs apartment UNIT A has 830 interior square feet with two bedrooms and one bath and a 168 square foot lanai and rents for $2550 per month plus $260 maintenance fee (MF) to offset property expenses. Lease expires July 31, 2025. UNIT B is a downstairs one bedroom one bath apartment with 654 square feet with a 420 sf lanai and rents for $2,350 SF plus $260 maintenance fee to offset property expenses. Lease is through September 30, 2025. UNIT C is a 624 SF upstairs apartment with a 240 SF lanai and rents for $2350 per month plus $260 maintenance fee to offset property expenses. Leased through October 31, 2025. UNIT D is the free standing one bedroom one bath 500 SF cottage with a 240 SF lanai and rents for $2,350 per month plus $120 maintenance fee. The electric is in the tenant's name. Lease is through November 30, 2025. TOTAL GROSS INCOME BEFORE EXPENSES: $126,000 $2,350 + $260 MF $2,350 +$260 MF $2,550 +$260 MF $2,350 +$120 MF TOTAL RENTS = $9600 PER MONTH or $115,200.00 per year. Plus $900 a month MF = $10,800 per year to offset expenses. EXPENSES: Landscape: $300 a month for two times. $3600 per year ELECTRIC: April 2023 through April 2024. $7644. Rounded off WATER: October 2023 through September 2024. $2550 Rounded off. REFUSE REMOVAL: $408 per year billed every six months. INSURANCE: $1,866.00 per year REAL PROPERTY TAX: Year ending 2023. $5954 MISCELLANEOUS: Pest Control quarterly: $800 Tree trimming 2-4 times a year. $750 TOTAL EXPENSES: $23,572.00 * *If you have a mortgage the lender will require hurricane insurance and quite possibly flood insurance as this property is just two blocks from the ocean. These costs are not factored into this income and expense statement. GROSS INCOME: $126,000 INCLUDING maintenance fees. GROSS EXPENSES $23,572.00 NET INCOME AFTER EXPENSES: $102,428.00 annually or $8535 per month. The Rate of Capitalization is 6.94%. In plain English, if you invested $1,475,000 cash into this property and received $102,428.00 in Net Operating Income (NOI) from the rents, the return on that investment (ROI) is 6.94% which is the "CAP RATE" or "rate of capitalization. If you don't want renters then keep it as a 4 bedroom 3 bath single family dwelling. Remove two of the kitchens and convert to family rooms.
Highlights
Home typeSingle Family Residence
StatusActive
(ACTIVE)
(ACTIVE)
Size2,108 sqft
Lot size0.202 Acres
Year built1984
ParkingNo Garage
MLS #404588
ViewGarden
Land tenureFee Simple
Summary
- MLS Number: 404588
- MLS Name: Black Knight 1 - Maui
- Office Name: eXp Realty
- Office Phone: (808) 280-1333
- Listing Agent: Bruce R Travis RS-79596
The data is deemed reliable but is not guaranteed accurate by the MLS. It has been provided by sources other than the Realtors Association of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumersmay be interested in purchasing.
Copyright, 1995-2025, REALTORS® Association of Maui, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 1:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,475,000
1606 S Kihei Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 29, 2017 | Home Sold | $722,937 |
| Sep 23, 2016 | Home Sold | $575,000 |
| Dec 17, 2002 | Home Sold | $385,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,131,100 | $7,282 |
| 2023 | $1,013,000 | $5,954 |
| 2022 | $568,400 | $5,401 |
| 2021 | $852,200 | $4,675 |
| 2020 | $833,700 | $4,563 |
| 2019 | $745,800 | $3,988 |
| 2018 | $722,600 | $3,988 |
| 2017 | $712,300 | $3,946 |
History based on county public records data.
Nearby schools
5
Kihei Elementary School
Public District PK-5
0.7 mi
•250 E Lipoa St
5
Kamalii Elementary School
Public District PK-5
1.6 mi
•180 Alanui Kealii Dr
4
Kula Elementary School
Public District PK-5
8.2 mi
•5000 Kula Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,807. Typical income of Kihei, HI residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
29%
<35k
57%
35k-100k
13%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
9%
Single, with Kids
25%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
6%
12-17 yrs old
20%
18-34 yrs old
51%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Yoga/pilates
Continuing Education Courses
Where do the neighbors shop?
Chico's
H&M
Express/Express For Men
Where do the neighbors go to eat?
Boston Market
Dominos Pizza
Qdoba
What do the neighbors drive?
Volvo
Audi
Volkswagen
What do the neighbors listen to?
Talk/Personality
Alternative
Urban Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#404627, Josh Jerman RB-19728, Rich Wu, Listing Office: Hawaii Life (W)
$10,000 Closing Credit¹
#404565, Deborah Rasar RS-62830, Listing Office: Monte D Fitts REALTOR
$10,000 Closing Credit¹
#404539, Jeanne Dunn RS-74804, Listing Office: Corcoran Pacific Properties
$10,000 Closing Credit¹
#402319, Lina Duong RS-85500, Listing Office: Coldwell Banker Island Prop-Ku
$10,000 Closing Credit¹
#404413, Colleen B Okazaki RS-61786, Listing Office: Shore To Shore Realty, Inc.
New - 4 days on Rocket
$10,000 Closing Credit¹
#404836, Sara M Fox RS-76518, Lindsay Simone, Listing Office: Keller Williams Realty Maui-Ki
#404455, Kathy Ross RB-16138, Listing Office: Maui Home and Life LLC
#404794, Joshua Broady RS-83542, Mike Marshall, Listing Office: Real Broker LLC
#401289, Cynthia A Medina RS-82660, Listing Office: Pacific Image Properties
Frequently asked questions
About 1606 S Kihei Rd
This home is located at 1606 S Kihei Rd in Kihei, HI and zip code 96753 in the South Maui neighborhood. This 2,108 square foot home, which was built in 1984, sits on a 0.20 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $1,475,000.
Over 4 listings were sold over their listed price in January 2025 in Kihei, HI. In the same period over 28 listings were sold below the listed price and 6 listings were sold for the listed price. The number of homes for sale in Kihei, HI increased by 15.1% between December and January 2025.
From Rocket Homes Real Estate and based on county public records data.