Real Estate Investing in Captain Cook, Hawaii (96704)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96704 (Captain Cook, HI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.1% of homes vacant — above national norms.
What’s happening in Captain Cook, HI (96704)?
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Market Analysis: 96704 Captain Cook
ZIP 96704 in Captain Cook, HI carries a sturdy set of headwinds. Home values near $455K and rents of $2,500/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $455K asset, 96704 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 96704 among HI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 96704 ZIP's population of 7,975 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 96704, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Captain Cook:
Property Strategy for 96704
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,578 | $1,970 | 6.3% | +3.2% | $224,578 |
| 2BR | $372,899 | $2,550 | 4.9% | +6.6% | $186,450 |
| 3BR | $583,395 | $3,220 | 4.0% | +6.1% | $194,465 |
| 4BR | $753,916 | $3,710 | 3.5% | +7.6% | $188,479 |
| 5BR | $1,007,682 | — | — | +5.8% | $201,536 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96704 Compare?
| Metric | 96704 | Captain Cook | Hilo, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $454,924 | $454,924 | N/A | $824,731 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 5.4% |
| Avg Rent | $2,500 | $2,500 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96704 (Captain Cook, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $454,924 |
| Monthly Rent | $2,500 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 96704
Population: 7,975
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 96704
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Should investors worry about vacancy in Captain Cook, HI?
Captain Cook, HI sees elevated vacancy, which is reasonable relative to the broader HI rental market.
What is the average monthly rent in Captain Cook, HI?
Rent in Captain Cook, HI is around $2,500/mo. The resulting rent-to-value relationship with $455K pricing is reasonable for most investor models.
How deep is the rental pool in Captain Cook, HI?
The tenant pool in Captain Cook, HI is solid, supported by local employment and population fundamentals. Rents of $2,500/mo are well-absorbed by the market.
What is the smart move for investors in Captain Cook, HI?
In Captain Cook, HI the solid play is typically careful cash-flow rentals with hands-on management. The combination of $455K prices and $2,500/mo rents suits that approach.
Should investors consider Captain Cook, HI?
With a 3.0/5 investability score, Captain Cook, HI ranks as a solid market for rental property investors. Median prices of $455K and rents of $2,500/mo drive the underlying numbers.
You know 96704 now. You don’t know where it ranks.
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How 96704 ranks in Hilo, HI
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