OFF_MARKETRisky Deal26 days on market
37 Watertown Rd
37 Watertown Rd, Ocean Pines, MD 21811, Ocean Pines, MD 21811
37 Watertown Rd, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
26
Tax Assessed
$284k
Zestimate®
$375k
Market Rate
Lot Size
7,500 sqft
Rent Estimate
$2,864/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
2.7 mi away
10
Stephen Decatur Middle School
7-8
3.8 mi away
7
Stephen Decatur High School
9-12
3.5 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
5.23%
Total ROI
72.5%
Cash Flow
$-349/mo
DSCR
0.84
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-10 | Sold | $375,000 | $230 |
| 2026-07-07 | Contingent | $389,900 | $239 |
| 2026-05-19 | Price change | $389,900 | $239 |
| 2026-04-21 | Price change | $399,900 | $245 |
| 2026-04-15 | Price change | $409,900 | $251 |
| 2026-03-14 | Listed for sale | $419,000 | $257 |
| 2020-11-30 | Sold | $255,900 | $157 |
| 2020-08-31 | Sold | $255,900 | $157 |
| 2020-06-25 | Price change | $259,900 | $159 |
| 2020-05-25 | Price change | $264,900 | $163 |
| 2020-04-03 | Listed for sale | $269,900 | $166 |
| 2019-04-13 | Listing removed | $150,000 | $92 |
| 2019-03-29 | Price change | $150,000 | $92 |
| 2019-01-18 | Listed for sale | $131,000 | $80 |
| 2018-12-27 | Sold | $178,771 | $110 |
| 2017-04-04 | Listing removed | $209,900 | $129 |
| 2017-03-11 | Pending sale | $209,900 | $129 |
| 2017-02-27 | Price change | $209,900 | $129 |
| 2017-01-17 | Price change | $214,900 | $132 |
| 2016-08-22 | Price change | $224,900 | $138 |
| 2016-07-26 | Price change | $226,900 | $139 |
| 2016-02-05 | Listed for sale | $234,900 | $144 |
| 2009-08-04 | Listing removed | $269,900 | $166 |
| 2009-05-15 | Price change | $269,900 | $166 |
| 2009-02-10 | Price change | $271,900 | $167 |
| 2008-09-14 | Price change | $285,000 | $175 |
| 2008-07-10 | Listed for sale | $299,999 | $184 |
| 1999-01-12 | Sold | $119,995 | $74 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,448.83 | $264,167 |
| 2024 | $2,336.04 | $244,100 |
| 2023 | $2,190.26 | $228,867 |
| 2022 | $2,044.47 | $244,100 |
| 2021 | $1,898.69 | $198,400 |
| 2020 | $1,798.2 | $187,900 |
| 2019 | $1,697.72 | $198,400 |
| 2018 | $1,580.54 | $166,900 |
| 2017 | $1,515.51 | $160,033 |
| 2016 | $1,402.42 | $153,167 |
| 2015 | $1,402.42 | $146,300 |
| 2014 | $1,402.42 | $146,300 |
| 2013 | $0 | $146,300 |
| 2012 | $0 | $182,600 |
| 2011 | $0 | $182,600 |
| 2010 | $0 | $182,600 |
| 2009 | $0 | $291,170 |
| 2008 | $0 | $252,430 |
| 2007 | $0 | $213,690 |
| 2006 | $0 | $174,950 |
| 2005 | $0 | $160,402 |
| 2004 | $0 | $145,856 |
| 2003 | $0 | $131,310 |
| 2002 | $0 | $122,110 |
| 2001 | $0 | $112,910 |
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: $419,000Rent Basis: Observed Comp Model ($2,864/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $122/mo
Haven ScoreRisky
1/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
5.23%
NOI: $21,901/yr
Cash-on-Cash Yield
-4.3%
On $96,370 invested
DSCR Ratio
0.84x
Negative debt coverage
5-Yr Leveraged ROI
+72.5%
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)-$258/mo
Homeowner / Hazard Insurance-$122/mo
Vacancy Reserve (5% of rent)-$143/mo
Repairs & Maintenance (10% of rent)-$286/mo
Property Management (8% of rent)-$229/mo
Total Pure Operating Expenses-$1,039/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,864/mo
Less: Operating Expenses-$1,039/mo
Net Operating Income (NOI)+$1,825/mo
Less: Debt Service (30yr @ 6.75%)-$2,174/mo
Net Cash Flow
$-349/mo
$-4,188/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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