OFF_MARKETRisky Deal5 days on market

31 Watergreen Ln

31 Watergreen Ln, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$390,000
Zestimate®:$394,900$4,900 Under Market

Listing Price

Property image 1
31 Watergreen Ln, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
5
Tax Assessed
$280k
Zestimate®
$395k
1% Under Valued
Lot Size
7,500 sqft
Rent Estimate
$2,428/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
2.4 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
4.62%
Total ROI
59.3%
Cash Flow
$-522/mo
DSCR
0.74
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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$395,000$285
2026-05-26Pending sale$390,000$281
2026-04-25Contingent$390,000$281
2026-04-03Listed for sale$390,000$281
2026-03-24Listing removed$399,000$288
2025-12-12Price change$399,000$288
2025-10-04Listed for sale$419,900$303
1997-10-07Sold$145,000$105

Tax History

YearProperty TaxTax Assessment
2025$2,371.89$255,867
2024$2,217.37$231,700
2023$2,157.72$225,467
2022$2,098.06$231,700
2021$2,038.41$213,000
2020$1,979.08$206,800
2019$1,919.74$213,000
2018$1,840.97$194,400
2017$1,712.49$180,833
2016$1,441.87$167,267
2015$1,441.87$153,700
2014$1,441.87$153,700
2013$0$153,700
2012$0$181,500
2011$0$181,500
2010$0$181,500
2009$0$279,270
2008$0$249,300
2007$0$219,330
2006$0$189,360
2005$0$171,496
2004$0$153,633
2003$0$135,770
2002$0$127,982
2001$0$120,196
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,386
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: $390,000Rent Basis: Observed Comp Model ($2,428/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $114/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.62%

NOI: $18,014/yr

Cash-on-Cash Yield
-7.0%

On $89,700 invested

DSCR Ratio
0.74x

Negative debt coverage

5-Yr Leveraged ROI
+59.3%

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)-$254/mo
Homeowner / Hazard Insurance-$114/mo
Vacancy Reserve (5% of rent)-$121/mo
Repairs & Maintenance (10% of rent)-$243/mo
Property Management (8% of rent)-$194/mo
Total Pure Operating Expenses-$927/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,428/mo
Less: Operating Expenses-$927/mo
Net Operating Income (NOI)+$1,501/mo
Less: Debt Service (30yr @ 6.75%)-$2,024/mo
Net Cash Flow
$-522/mo
$-6,269/year
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