Hawaii is primarily an rather than a high cash-flow market.
STRs are largely confined to Visitor Destination Areas (VDAs). New permits outside these areas have not been issued since 2008. 2. Financial Performance & Realities buying a vacation rental in hawaii
Most new STRs outside of designated resort zones are prohibited. Ordinance 22-7 requires a 90-day minimum stay for non-resort properties unless they hold a legacy Nonconforming Use Certificate (NUC). Hawaii is primarily an rather than a high cash-flow market
Significant changes are underway following Bill 9, which aims to phase out approximately 7,000 units in apartment-zoned districts (the "Minatoya List") by January 1, 2029 (West Maui) and 2031 (rest of the island). Focus only on hotel-zoned units or permitted Short-Term Rental Homes (STRH). Significant changes are underway following Bill 9, which
Investors often seek properties where gross annual income is at least 10% of the purchase price (e.g., $100k gross for a $1M property).