Investors often seek properties where gross annual income is at least 10% of the purchase price (e.g., $100k gross for a $1M property).
Hawaii is primarily an rather than a high cash-flow market.
Most new STRs outside of designated resort zones are prohibited. Ordinance 22-7 requires a 90-day minimum stay for non-resort properties unless they hold a legacy Nonconforming Use Certificate (NUC).