OFF_MARKETRisky Deal6 days on market

23 Duck Cove Cir

23 Duck Cove Cir, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$499,000
Zestimate®:$480,000

Listing Price

Property image 1
23 Duck Cove Cir, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
6
Tax Assessed
$348k
Zestimate®
$480k
Market Rate
Lot Size
10,745 sqft
Rent Estimate
$2,270/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Showell Elementary School

PK-4
2 mi away
10

Stephen Decatur Middle School

7-8
4.3 mi away
7

Stephen Decatur High School

9-12
4 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.09%
Total ROI
26.0%
Cash Flow
$-1,304/mo
DSCR
0.50
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-29Sold$480,000$380
2026-04-23Contingent$499,000$395
2026-04-08Listed for sale$499,000$395
2005-09-26Sold$350,000$277
2001-09-04Sold$196,500$155
1994-12-02Sold$112,500$89

Tax History

YearProperty TaxTax Assessment
2025$3,083.51$332,633
2024$3,032.73$316,900
2023$2,923.32$305,467
2022$2,813.9$316,900
2021$2,704.48$282,600
2020$2,675.46$279,567
2019$2,646.42$282,600
2018$2,590.05$273,500
2017$2,482.72$262,167
2016$2,180.75$250,833
2015$2,180.75$239,500
2014$2,180.75$239,500
2013$0$239,500
2012$0$270,900
2011$0$270,900
2010$0$270,900
2009$0$317,450
2008$0$288,300
2007$0$259,150
2006$0$230,000
2005$0$199,522
2004$0$169,046
2003$0$138,570
2002$0$137,672
2001$0$136,776
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
2
Sq Ft
1,264
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $499,000Rent Basis: Observed Comp Model ($2,270/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $146/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.09%

NOI: $15,426/yr

Cash-on-Cash Yield
-13.6%

On $114,770 invested

DSCR Ratio
0.50x

Negative debt coverage

5-Yr Leveraged ROI
+26.0%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.09% of basis)-$316/mo
Homeowner / Hazard Insurance-$146/mo
Vacancy Reserve (5% of rent)-$114/mo
Repairs & Maintenance (10% of rent)-$227/mo
Property Management (8% of rent)-$182/mo
Total Pure Operating Expenses-$985/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,270/mo
Less: Operating Expenses-$985/mo
Net Operating Income (NOI)+$1,285/mo
Less: Debt Service (30yr @ 6.75%)-$2,589/mo
Net Cash Flow
$-1,304/mo
$-15,645/year
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