OFF_MARKETRisky Deal54 days on market
10427 New Quay Rd
10427 New Quay Rd, Ocean City, MD 21842, Ocean City, MD 21842
10427 New Quay Rd, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
54
Tax Assessed
$520k
Zestimate®
$761k
Market Rate
Lot Size
7,425 sqft
Rent Estimate
$3,107/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.
10
Ocean City Elementary School
PK-4
0.9 mi away
10
Stephen Decatur Middle School
7-8
4.2 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
2.53%
Total ROI
13.8%
Cash Flow
$-2,464/mo
DSCR
0.41
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-25 | Sold | $760,000 | $339 |
| 2026-06-23 | Pending sale | $789,950 | $352 |
| 2026-05-24 | Contingent | $789,950 | $352 |
| 2026-05-01 | Price change | $789,950 | $352 |
| 2026-03-21 | Price change | $799,950 | $356 |
| 2026-02-13 | Listed for sale | $824,950 | $367 |
| 2025-12-12 | Listing removed | $844,950 | $376 |
| 2025-10-16 | Price change | $844,950 | $376 |
| 2025-09-27 | Price change | $849,500 | $378 |
| 2025-08-30 | Price change | $859,500 | $383 |
| 2025-08-02 | Price change | $869,500 | $387 |
| 2025-06-27 | Price change | $879,500 | $392 |
| 2025-06-10 | Price change | $899,500 | $401 |
| 2025-05-24 | Listed for sale | $923,500 | $411 |
| 2013-03-19 | Sold | $625,000 | $278 |
| 2012-10-26 | Price change | $439,900 | $196 |
| 2012-06-03 | Price change | $449,900 | $200 |
| 2012-04-09 | Price change | $459,900 | $205 |
| 2012-02-27 | Price change | $469,900 | $209 |
| 2012-01-19 | Price change | $479,900 | $214 |
| 2010-11-01 | Price change | $499,900 | $223 |
| 2010-04-24 | Listed for sale | $549,900 | $245 |
| 2005-12-19 | Sold | $625,000 | $278 |
| 2002-04-17 | Sold | $86,750 | $39 |
| 1997-03-07 | Sold | $46,000 | $20 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,824.11 | $520,400 |
| 2024 | $4,590.41 | $479,667 |
| 2023 | $4,200.59 | $438,933 |
| 2022 | $3,810.77 | $398,200 |
| 2021 | $3,737.4 | $390,533 |
| 2020 | $3,664.04 | $382,867 |
| 2019 | $3,590.66 | $375,200 |
| 2018 | $3,488.75 | $368,400 |
| 2017 | $3,424.35 | $361,600 |
| 2016 | $3,564.54 | $354,800 |
| 2015 | $3,564.54 | $354,800 |
| 2014 | $3,564.54 | $354,800 |
| 2013 | $0 | $442,800 |
| 2012 | $0 | $442,800 |
| 2011 | $0 | $442,800 |
| 2010 | $0 | $546,250 |
| 2009 | $0 | $496,832 |
| 2008 | $0 | $458,010 |
| 2007 | $0 | $398,000 |
| 2006 | $0 | $398,000 |
| 2005 | $0 | $346,142 |
| 2004 | $0 | $294,286 |
| 2003 | $0 | $242,430 |
| 2002 | $0 | $51,666 |
| 2001 | $0 | $48,333 |
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: $799,950Rent Basis: Observed Comp Model ($3,107/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $233/mo
Haven ScoreRisky
0/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
2.53%
NOI: $20,240/yr
Cash-on-Cash Yield
-16.1%
On $183,989 invested
DSCR Ratio
0.41x
Negative debt coverage
5-Yr Leveraged ROI
+13.8%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (1.09% of basis)-$473/mo
Homeowner / Hazard Insurance-$233/mo
Vacancy Reserve (5% of rent)-$155/mo
Repairs & Maintenance (10% of rent)-$311/mo
Property Management (8% of rent)-$249/mo
Total Pure Operating Expenses-$1,420/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,107/mo
Less: Operating Expenses-$1,420/mo
Net Operating Income (NOI)+$1,687/mo
Less: Debt Service (30yr @ 6.75%)-$4,151/mo
Net Cash Flow
$-2,464/mo
$-29,569/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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