OFF_MARKETNeutral Deal96 days on market

438 Ocean Pkwy Unit 39

438 Ocean Pkwy Unit 39, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$235,000
Zestimate®:$228,400

Listing Price

Property image 1
438 Ocean Pkwy Unit 39, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
96
Tax Assessed
$217k
Zestimate®
$228k
Market Rate
Rent Estimate
$2,157/mo
Est. Cash Flow base
Type
townhouse

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
2.8 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
6.96%
Total ROI
110.2%
Cash Flow
$145/mo
DSCR
1.12
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-29Sold$228,000$161
2026-04-09Contingent$235,000$166
2026-04-02Price change$235,000$166
2026-03-18Listed for sale$240,000$169
2026-03-07Contingent$240,000$169
2026-02-21Price change$240,000$169
2026-02-13Listed for sale$245,000$173
2026-02-09Contingent$245,000$173
2026-01-02Listed for sale$245,000$173
2025-12-10Listing removed$249,000$176
2025-10-23Price change$249,000$176
2025-09-18Listed for sale$269,900$190
2024-09-11Listing removed$2,000$1
2024-08-23Listed for rent$2,000$1
2024-03-16Listing removed$0
2024-02-14Price change$2,000$1
2024-01-25Listed for rent$2,100$1
2023-08-10Sold$100,000$71

Tax History

YearProperty TaxTax Assessment
2024$1,994.39$208,400
2023$1,790.86$187,133
2022$1,587.35$208,400
2021$1,383.82$144,600
2020$1,383.82$144,600
2019$1,383.82$144,600
2018$1,463.12$154,500
2017$1,413.87$149,300
2016$1,597.92$144,100
2015$1,597.92$138,900
2014$1,597.92$138,900
2013$0$138,900
2012$0$198,500
2011$0$198,500
2010$0$198,500
2009$0$258,780
2008$0$215,186
2007$0$171,593
2006$0$128,000
2005$0$113,916
2004$0$99,833
2003$0$85,750
2002$0$83,832
2001$0$81,916
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,418
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: $235,000Rent Basis: Observed Comp Model ($2,157/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $100/mo
Haven ScoreNeutral
5/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.96%

NOI: $16,366/yr

Cash-on-Cash Yield
3.2%

On $54,050 invested

DSCR Ratio
1.12x

Tight qualification

5-Yr Leveraged ROI
+110.2%

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)-$197/mo
Homeowner / Hazard Insurance-$100/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-$793/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,157/mo
Less: Operating Expenses-$793/mo
Net Operating Income (NOI)+$1,364/mo
Less: Debt Service (30yr @ 6.75%)-$1,219/mo
Net Cash Flow
$145/mo
$1,734/year
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