The last sale in that complex for that size (887 SF) townhome was for about $50,000 less in July of last year. More recently, a smaller townhome (794 SF), sold for $205,000.
Give me a call at 808 723 0900. I am very familiar with the area. My Navy clients bought at Kai Nani and still own a townhome there. The first townhome I ever bought was at Makakilo Hale, right down the street from where you are looking.
We need to consider several things, such as your income. It's best to get prequalified with a mortgage broker. I know an excellent broker in Kapolei that can get you started. We should also tour the property as well as several other ones for sale, for comparison. There are 4 for sale now in this complex, we should try to look at all of them if possible.
To answer your question, yes, purchasing with a VA loan makes a lot of sense. Since your BAH is nontaxable, it really helps because you can deduct the mortgage interest on your taxes. Nice benefit there!
This complex is 20 years old. Depending on your income and size requirements, you may also want to consider Kai Nani or Makakilo Cliffs.
My number is 808 723 0900. Call any time. I am retired military and can help you with any type of loan or home on Oahu.
Frank Diaz (RA), MBA, e-PRO