Can you make money with rentals in Oahu?

(5) You can have a cash flow from rental income. As of July 2021, the average rent for a one-bedroom apartment in Honolulu is around $2,000. If you get a deal and buy a one-bedroom apartment for $250,000 cash, with the utilities and maintenance fees at $1,100 per month, you would be making $900 cash flow monthly.



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That means owning a vacation rental here can be especially lucrative in the long-term. While five-bedroom homes tend to see the most annual revenue, one-bedroom properties take the lead in year-round occupancy (with two- to four-bedroom properties following close behind).

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One of the greatest challenges of living in Hawaii is the high cost of living. The islands are popular tourist destinations, which drives up the cost of housing, food, and other essential goods and services.

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Cost of Living The most obvious drawback to living in Hawaii is our cost of living. Because everything needs to be imported, the cost of goods is significantly higher than any mainland market.

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In Hawaii, Hosts under 30 earned over $13 million in 2021, and in just the first three months of 2022, Hawaii's Airbnb Hosts earned over $3 million. “I make roughly $28,000 per year with my two listings,” said Hall.

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On the other hand, the data collected by Airbnb and Vrbo suggests that vacation rental owners can make anything from about $11,000 to as much as $33,000 per year.

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