Calculating expenses in the Oahu area

[Trevor Yasunaga]

Hi BiggerPockets community! I'm an up and coming real estate investor looking to begin real estate investing as soon as I am able. However, before I start investing actual money, I would like to get a feel of what the market in Oahu is. I wanted to practice analyzing deals with some simulations prior to putting actual money down. I had a question concerning typical expenses on Oahu (Honolulu especially). Such expenses such as electric, water, sewer, gas, vacancies, etc.) Do these expenses change from zipcode to zipcode, the type of services you request, or is it a pretty constant number all around?? Thank you for your help!

[Nick Frostbutter]

@Trevor Yasunaga The utilities are really going to depend on the area, and a lot on the HOA. All of the condos are going to have varying HOA fees. I have seen from $300 - $1000. Usually it will include water, sewage, and garbage. Sometimes it will include electric. Right now, my condo in Waikiki HOA is around $550 (which is on the lower end of Waikiki) and includes electric. I have seen $800 and not include electric.

From my research, even a lot of the SFH and townhouses around the island seem to have HOA fees too (which usually include water, sewage, and garbage) but they are much more reasonable than the city areas. I have seen $50 - $200 for those.

It is going to depend on the property if it has HOA fees, and what they include. Usually listing will say if and what the HOA fee is and what it includes. If it doesn't, then you can always call the listing realtor and ask!