12720 Carnouste Ln #1
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Nearby Schools
Educational options and performance ratings in the area.
Showell Elementary 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
This townhouse at 12720 Carnouste Ln presents a significant challenge for the conservative investor. While the property offers substantial square footage and is located in the desirable Berlin, MD area near coastal amenities, the financial fundamentals are weak. With a negative monthly cash flow of -$561.01 and a subpar rental yield of 4.79%, the property fails to cover its own operating expenses and financing costs. This 'alligator' property would require a substantial cash infusion every month, making it a speculative bet on appreciation rather than a stable income-producing asset. Without a significant price reduction or a massive down payment to eliminate debt service, this investment poses high liquidity risk.
- • Substantial square footage for a townhouse
- • Desirable location in Berlin, MD with proximity to Ocean City
- • Favorable 3-bed, 3-bath configuration for families or vacationers
- • Steady 4% expected annual appreciation
- • Negative monthly cash flow of -$561.01
- • Rental yield of 4.79% is below the current risk-free rate of return
- • High entry price relative to the income-generating potential
- • Investor must subsidize the mortgage monthly, increasing personal liability
- • Sensitivity to interest rate fluctuations if not purchased in cash
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-02 | Listed for sale | $524,900 | $223 |
| 2023-10-30 | Sold | $460,000 | $196 |
| 2023-10-03 | Contingent | $460,000 | $196 |
| 2023-09-22 | Price change | $460,000 | $196 |
| 2023-04-25 | Pending sale | $444,990 | $189 |
| 2023-04-18 | Price change | $444,990 | $189 |
| 2023-03-11 | Listed for sale | $434,990 | $185 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,921.84 | $423,067 |
| 2024 | $3,970.59 | $414,900 |
| 2023 | $651.72 | $68,100 |
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: $20,407/yr
On $120,727 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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