Question about Honolulu/Diamond Head Leaseholds
Hi everyone,
I recently started taking a look at the Diamond head area of Oahu at rentals and keep seeing a lot of leaseholds. However, I keep finding rentals that are leaseholds like this one: https://www.hawaiiliving.com/diamond-head-bch-hote...
I want to make sure that I am estimating the ROI correctly because most the properties I have been looking at appear to end up in a loss. I'm grabbing rental and occupancy data from airdna: https://www.airdna.co/market-data/app/us/hawaii/ho...
Btw, the above assumes a 0% interest rate (these were just quick and dirty calculations). Anyone let me know what I am missing (Other than working to rehab/increase value of the property).
Thanks,