OFF_MARKETRisky Deal9 days on market

38 Salt Grass Rd

38 Salt Grass Rd, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$540,000
Zestimate®:$514,900

Listing Price

Property image 1
38 Salt Grass Rd, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
9
Tax Assessed
$400k
Zestimate®
$515k
Market Rate
Lot Size
0.38 acres
Rent Estimate
$2,677/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
2.8 mi away
10

Stephen Decatur Middle School

7-8
3.6 mi away
7

Stephen Decatur High School

9-12
3.3 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
3.42%
Total ROI
33.2%
Cash Flow
$-1,262/mo
DSCR
0.55
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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
2026-05-15Sold$515,000$267
2026-04-20Contingent$515,000$267
2026-04-20Listed for sale$515,000$267
2026-04-19Contingent$515,000$267
2026-04-17Price change$515,000$267
2026-03-30Listed for sale$540,000$280

Tax History

YearProperty TaxTax Assessment
2025$3,284.61$370,867
2024$3,271.03$341,800
2023$3,203.72$334,767
2022$3,136.4$341,800
2021$3,069.1$320,700
2020$3,058.89$319,633
2019$3,048.69$320,700
2018$3,006.73$317,500
2017$2,945.8$311,067
2016$2,397.34$304,633
2015$2,397.34$298,200
2014$2,397.34$298,200
2013$0$298,200
2012$0$341,500
2011$0$341,500
2010$0$341,500
2009$0$357,020
2008$0$343,952
2007$0$330,886
2006$0$317,820
2005$0$285,500
2004$0$253,180
2003$0$220,860
2002$0$219,670
2001$0$218,480
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
1,930
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: $540,000Rent Basis: Observed Comp Model ($2,677/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $158/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.42%

NOI: $18,480/yr

Cash-on-Cash Yield
-12.2%

On $124,200 invested

DSCR Ratio
0.55x

Negative debt coverage

5-Yr Leveraged ROI
+33.2%

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)-$363/mo
Homeowner / Hazard Insurance-$158/mo
Vacancy Reserve (5% of rent)-$134/mo
Repairs & Maintenance (10% of rent)-$268/mo
Property Management (8% of rent)-$214/mo
Total Pure Operating Expenses-$1,137/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,677/mo
Less: Operating Expenses-$1,137/mo
Net Operating Income (NOI)+$1,540/mo
Less: Debt Service (30yr @ 6.75%)-$2,802/mo
Net Cash Flow
$-1,262/mo
$-15,143/year
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38 Salt Grass Rd | Ocean Pines, MD | Haven AI Analysis | Haven by ScoutHavens