408 Flower St
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Nearby Schools
Educational options and performance ratings in the area.
Berlin Intermediate School
Stephen Decatur Middle School
Stephen Decatur High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
The property at 408 Flower St presents a classic cash-flow trap. While the $235,000 price point is accessible for the Berlin, MD market, the current financial metrics indicate a negative monthly cash flow of approximately -$7.82. From a conservative analyst's perspective, starting an investment in the red is highly discouraged, as it leaves no margin for vacancy or capital expenditures. The 6.03% rental yield is insufficient to cover debt service and operating expenses under current interest rates. Although the 4% appreciation forecast is healthy for the region, the 2-bed, 1-bath configuration limits the tenant pool. Without a significant down payment to force positive cash flow, this asset remains a liability.
- • Accessible entry-level price point for the desirable Berlin, MD submarket
- • Generous 1,326 square footage for a 2-bedroom home, suggesting potential for a 3rd bedroom conversion
- • Consistent 4% projected annual appreciation in a historically stable coastal region
- • Immediate negative monthly cash flow creates a liquidity drain on the investor
- • 2-bedroom, 1-bathroom configuration is less competitive for long-term family renters
- • Yield is too low to adequately hedge against inflation or unexpected major maintenance items
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-15 | Listed for sale | $235,000 | $177 |
| 2026-02-13 | Pending sale | $235,000 | $177 |
| 2002-09-19 | Sold | $25,000 | $19 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,514.77 | $143,333 |
| 2024 | $2,432.27 | $136,300 |
| 2023 | $2,283.57 | $127,967 |
| 2022 | $2,119.9 | $136,300 |
| 2021 | $1,955.54 | $111,300 |
| 2020 | $1,922.74 | $109,433 |
| 2019 | $1,889.95 | $111,300 |
| 2018 | $1,719.74 | $105,700 |
| 2017 | $1,719.74 | $105,700 |
| 2016 | $1,198.97 | $105,700 |
| 2015 | $1,198.97 | $110,800 |
| 2014 | $1,198.97 | $110,800 |
| 2013 | $0 | $110,800 |
| 2012 | $0 | $126,300 |
| 2011 | $0 | $126,300 |
| 2010 | $0 | $126,300 |
| 2009 | $0 | $139,070 |
| 2008 | $0 | $113,936 |
| 2007 | $0 | $88,803 |
| 2006 | $0 | $63,670 |
| 2005 | $0 | $60,366 |
| 2004 | $0 | $57,063 |
| 2003 | $0 | $53,760 |
| 2002 | $0 | $53,442 |
| 2001 | $0 | $53,126 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $11,855/yr
On $54,050 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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