As of this date, there are only 13 studio rental units available on the shady Craigslist site for O'ahu that are $800 or less per month. No doubt, there are other similarly priced units available through property managers. However, the majority of the studio rentals command $1,000+ per month ($1,200 per month is common).
Rental prerequisites include the usual 1st month rent plus security deposit of same amount. Verified income is about two or three times the asking rent. For a studio listed at $1,200 per month, an applicant must pay $2,400 prior to moving in. An application fee of $10 to $35 (non-refundable) is also charged to the applicant. Verifiable income must exceed $3,600 per month for the latter example.
In comparison, the 'Nalo studio is a detached "ohana" unit. Rent is $650 per month. Furnished. Electricity, cable TV, wireless Net access, air conditioning, and laundry facility included. No security deposit. No lease. No kitchen, though. Only a "wet bar." The drive to Hawai'i Kai is 20 minutes with no stop-n-go traffic. Except for a few short stretches of poor roads, there is little wear-n-tear on vehicles.
The Makaha Surfside studio condominiums being considered are under $95,000 fee simple. The plan is to make an offer to pay $90,000 or less in cash upon closing the purchase. The maintenance fee is $378 per month. Property tax runs about $25 per month the. Electricity will most likely range from $15 to $25 per month. The major drawback is the commute to town. A secondary problem is the seedy nature of the entirety of West O'ahu. Both issues were discussed in the "blog" when a similar plan was devised about 16 moons ago.
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