OFF_MARKETRisky Deal5 days on market

258 Ocean Pkwy

258 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$375,000
Zestimate®:$370,600

Listing Price

Property image 1
258 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
5
Tax Assessed
$285k
Zestimate®
$371k
Market Rate
Lot Size
7,700 sqft
Rent Estimate
$2,265/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
4.6 mi away
7

Stephen Decatur High School

9-12
4.3 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
4.40%
Total ROI
54.6%
Cash Flow
$-569/mo
DSCR
0.71
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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
2026-05-26Sold$370,000$299
2026-04-29Pending sale$375,000$303
2026-04-16Listed for sale$375,000$303
2014-08-29Sold$179,000$145
2011-09-22Sold$195,000$158
2011-07-14Listed for sale$199,150$161
2010-07-18Listing removed$225,000$182
2009-11-14Listed for sale$225,000$182

Tax History

YearProperty TaxTax Assessment
2025$2,421.95$261,267
2024$2,276.7$237,900
2023$2,174.62$227,233
2022$2,072.55$237,900
2021$1,970.46$205,900
2020$1,859.45$194,300
2019$1,748.44$205,900
2018$1,620.32$171,100
2017$1,581.18$166,967
2016$1,239.41$162,833
2015$1,239.41$158,700
2014$1,239.41$158,700
2013$0$158,700
2012$0$183,200
2011$0$183,200
2010$0$183,200
2009$0$260,140
2008$0$232,346
2007$0$204,553
2006$0$176,760
2005$0$156,710
2004$0$136,660
2003$0$116,610
2002$0$106,136
2001$0$95,663
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,238
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: $375,000Rent Basis: Observed Comp Model ($2,265/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $109/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.40%

NOI: $16,518/yr

Cash-on-Cash Yield
-7.9%

On $86,250 invested

DSCR Ratio
0.71x

Negative debt coverage

5-Yr Leveraged ROI
+54.6%

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)-$259/mo
Homeowner / Hazard Insurance-$109/mo
Vacancy Reserve (5% of rent)-$113/mo
Repairs & Maintenance (10% of rent)-$227/mo
Property Management (8% of rent)-$181/mo
Total Pure Operating Expenses-$888/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,265/mo
Less: Operating Expenses-$888/mo
Net Operating Income (NOI)+$1,377/mo
Less: Debt Service (30yr @ 6.75%)-$1,946/mo
Net Cash Flow
$-569/mo
$-6,831/year
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