OFF_MARKETNeutral Deal5 days on market

720 Ocean Pkwy

720 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$309,900
Zestimate®:$309,900

Listing Price

Property image 1
720 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
5
Tax Assessed
$225k
Zestimate®
$310k
Market Rate
Lot Size
9,583 sqft
Rent Estimate
$1,796/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
2.9 mi away
10

Stephen Decatur Middle School

7-8
3.9 mi away
7

Stephen Decatur High School

9-12
3.6 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
5.01%
Total ROI
14.7%
Cash Flow
$-273/mo
DSCR
0.83
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-06-03Sold$309,900$338
2026-05-19Pending sale$309,900$338
2017-12-01Sold$160,000$175
2008-06-12Sold$160,000$175
2002-08-07Sold$70,000$76

Tax History

YearProperty TaxTax Assessment
2025$1,461.75$209,700
2024$1,858.49$194,200
2023$1,705.06$178,167
2022$1,551.61$194,200
2021$1,398.18$146,100
2020$1,322.57$138,200
2019$1,246.97$146,100
2018$1,159.13$122,400
2017$1,135.45$119,900
2016$1,056.16$117,400
2015$1,056.16$114,900
2014$1,056.16$114,900
2013$0$114,900
2012$0$131,200
2011$0$131,200
2010$0$131,200
2009$0$217,380
2008$0$190,132
2007$0$162,886
2006$0$135,640
2005$0$114,886
2004$0$94,133
2003$0$73,380
2002$0$70,706
2001$0$68,033
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
916
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: $309,900Rent Basis: Observed Comp Model ($1,796/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $100/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.18%

NOI: $12,940/yr

Cash-on-Cash Yield
-8.9%

On $71,277 invested

DSCR Ratio
0.67x

Negative debt coverage

5-Yr Leveraged ROI
+49.6%

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)-$205/mo
Homeowner / Hazard Insurance-$100/mo
Vacancy Reserve (5% of rent)-$90/mo
Repairs & Maintenance (10% of rent)-$180/mo
Property Management (8% of rent)-$144/mo
Total Pure Operating Expenses-$718/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,796/mo
Less: Operating Expenses-$718/mo
Net Operating Income (NOI)+$1,078/mo
Less: Debt Service (30yr @ 6.75%)-$1,608/mo
Net Cash Flow
$-530/mo
$-6,356/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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