FOR_SALERisky Deal172 days on market
386 Ocean Pkwy
386 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
386 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
172
Tax Assessed
$369k
Zestimate®
$559k
Market Rate
Lot Size
9,210 sqft
Rent Estimate
$2,665/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
4.7 mi away
7
Stephen Decatur High School
9-12
4.4 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
3.73%
Total ROI
8.3%
Cash Flow
$-1,130/mo
DSCR
0.61
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-07 | Listed for sale | $579,990 | $370 |
| 2026-06-24 | Listing removed | $629,990 | $402 |
| 2026-05-02 | Price change | $629,990 | $402 |
| 2026-04-03 | Listed for sale | $639,990 | $409 |
| 2025-12-28 | Listing removed | $599,990 | $383 |
| 2025-10-18 | Listed for sale | $599,990 | $383 |
| 2024-11-07 | Listing removed | $1,695 | $1 |
| 2024-10-24 | Listed for rent | $1,695 | $1 |
| 2024-10-09 | Listing removed | $1,585 | $1 |
| 2024-09-26 | Price change | $1,585 | $1 |
| 2024-09-17 | Price change | $1,595 | $1 |
| 2024-08-30 | Listed for rent | $1,795 | $1 |
| 2024-08-21 | Listing removed | $0 | – |
| 2024-08-19 | Listed for rent | $1,795 | $1 |
| 2023-12-01 | Listing removed | $0 | – |
| 2023-11-30 | Listed for rent | $1,495 | $1 |
| 2023-10-26 | Listing removed | $0 | – |
| 2023-10-09 | Listed for rent | $1,495 | $1 |
| 2023-09-29 | Listing removed | $0 | – |
| 2023-09-19 | Price change | $1,595 | $1 |
| 2023-09-06 | Price change | $1,795 | $1 |
| 2023-08-21 | Listed for rent | $1,825 | $1 |
| 2022-11-21 | Listing removed | $0 | – |
| 2022-09-22 | Listed for rent | $1,525 | $1 |
| 2022-08-29 | Listing removed | $0 | – |
| 2007-04-24 | Sold | $375,000 | $239 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,139.45 | $338,667 |
| 2024 | $2,953.3 | $308,600 |
| 2023 | $2,882.8 | $301,233 |
| 2022 | $2,812.31 | $308,600 |
| 2021 | $2,741.81 | $286,500 |
| 2020 | $2,657.27 | $277,667 |
| 2019 | $2,572.73 | $286,500 |
| 2018 | $2,462.2 | $260,000 |
| 2017 | $2,399.06 | $253,333 |
| 2016 | $1,994.79 | $246,667 |
| 2015 | $1,994.79 | $240,000 |
| 2014 | $1,994.79 | $240,000 |
| 2013 | $0 | $240,000 |
| 2012 | $0 | $247,800 |
| 2011 | $0 | $247,800 |
| 2010 | $0 | $247,800 |
| 2009 | $0 | $417,920 |
| 2008 | $0 | $355,806 |
| 2007 | $0 | $293,693 |
| 2006 | $0 | $231,580 |
| 2005 | $0 | $204,102 |
| 2004 | $0 | $176,626 |
| 2003 | $0 | $149,150 |
| 2002 | $0 | $135,720 |
| 2001 | $0 | $122,290 |
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: $579,990Rent Basis: Observed Comp Model ($2,665/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $169/mo
Haven ScoreRisky
0/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
3.20%
NOI: $18,577/yr
Cash-on-Cash Yield
-13.1%
On $133,398 invested
DSCR Ratio
0.51x
Negative debt coverage
5-Yr Leveraged ROI
+28.5%
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)-$335/mo
Homeowner / Hazard Insurance-$169/mo
Vacancy Reserve (5% of rent)-$133/mo
Repairs & Maintenance (10% of rent)-$267/mo
Property Management (8% of rent)-$213/mo
Total Pure Operating Expenses-$1,117/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,665/mo
Less: Operating Expenses-$1,117/mo
Net Operating Income (NOI)+$1,548/mo
Less: Debt Service (30yr @ 6.75%)-$3,009/mo
Net Cash Flow
$-1,461/mo
$-17,536/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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