Short Term Rental on Maui

[Paul Kim]

I'm a first time buyer, longtime dreamer of a property on Maui and am looking to purchase a STR -- either South Kihei or Napili area. And am looking for some basic advice to help make the decision -- any analytics tools/softwares, metrics I should keep in mind, and any other dos & don'ts. Below are a few details about my plans:

• I plan on self-managing for higher returns
• I've looked into some free analysis by AIRDNA (CAP seems to range from ~5-7%)
• 1Bed/1-2Bath

Couple of questions I have are cost vs return on value...

• ocean view vs across the street from the beach vs parking lot view :(
• ground floor vs not vs top/penthouse (4 vs 6 vs 12)
• misc like ac, in-unit laundry, complex gym, etc... vs not

And tips on anything else would be much appreciated.

Thank you in advance.