Single Family 6 bedroom $1,350,000 MAKIKI AREA MLS:201818487

This large house is rented to IHS (Institute for Human Services) as a shelter for homeless people immediately after discharged from hospitals. Many of them get sick again, if they were to go back to homeless lifestyle only to be admitted to the hospital again. The program is administered by IHS, but it is sponsored by hospitals with no worries of collection loss. They saved millions on medical expenses during the first year alone. Practically a net lease as IHS manages their operations. Property tax is reduced to $300/yr since it is leased to an NPO. Cap rate of 4.52% with four years left in lease indexed to CPI. Immediate cash flow with $5,500/mo rent. 36 Photovoltaic panels.