OFF_MARKETRisky Deal47 days on market

26 Castle Dr

26 Castle Dr, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$379,000
Zestimate®:$346,400

Listing Price

Property image 1
26 Castle Dr, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
47
Tax Assessed
$243k
Zestimate®
$346k
Market Rate
Lot Size
7,688 sqft
Rent Estimate
$2,161/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
2.6 mi away
10

Stephen Decatur Middle School

7-8
2.9 mi away
7

Stephen Decatur High School

9-12
2.6 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
4.22%
Total ROI
50.6%
Cash Flow
$-634/mo
DSCR
0.68
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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
2026-08-13Listing removed$352,000$294
2026-08-01Listed for sale$352,000$294
2026-07-27Contingent$352,000$294
2026-07-15Price change$352,000$294
2026-07-06Price change$359,000$300
2026-05-26Price change$377,000$315
2026-05-21Price change$367,000$307
2026-04-12Price change$369,000$309
2026-03-25Price change$379,000$317
2026-02-20Listed for sale$384,000$321
2025-12-17Sold$178,500$149

Tax History

YearProperty TaxTax Assessment
2025$2,247.98$242,500
2024$2,108.27$220,300
2023$1,899.96$198,533
2022$1,691.66$220,300
2021$1,483.35$155,000
2020$1,420.83$148,467
2019$1,358.3$155,000
2018$1,282.24$135,400
2017$1,241.83$131,133
2016$1,411.97$126,867
2015$1,411.97$122,600
2014$1,411.97$122,600
2013$0$122,600
2012$0$175,400
2011$0$175,400
2010$0$175,400
2009$0$228,180
2008$0$204,496
2007$0$180,813
2006$0$157,130
2005$0$136,060
2004$0$114,990
2003$0$93,920
2002$0$89,310
2001$0$84,700
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,196
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: $379,000Rent Basis: Observed Comp Model ($2,161/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $111/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.22%

NOI: $15,992/yr

Cash-on-Cash Yield
-8.7%

On $87,170 invested

DSCR Ratio
0.68x

Negative debt coverage

5-Yr Leveraged ROI
+50.6%

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)-$220/mo
Homeowner / Hazard Insurance-$111/mo
Vacancy Reserve (5% of rent)-$108/mo
Repairs & Maintenance (10% of rent)-$216/mo
Property Management (8% of rent)-$173/mo
Total Pure Operating Expenses-$828/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,161/mo
Less: Operating Expenses-$828/mo
Net Operating Income (NOI)+$1,333/mo
Less: Debt Service (30yr @ 6.75%)-$1,967/mo
Net Cash Flow
$-634/mo
$-7,606/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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