OFF_MARKETRisky Deal3 days on market

414 Ocean Pkwy

414 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$619,000
Zestimate®:$574,800

Listing Price

Property image 1
414 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
3
Tax Assessed
$347k
Zestimate®
$575k
Market Rate
Lot Size
9,210 sqft
Rent Estimate
$2,463/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
2.8 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
2.71%
Total ROI
17.8%
Cash Flow
$-1,812/mo
DSCR
0.44
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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
2026-08-28Listed for rent$2,450$2
2026-06-11Sold$575,000$384
2026-06-09Pending sale$612,000$409
2026-05-23Contingent$612,000$409
2026-05-14Price change$612,000$409
2026-04-21Listed for sale$619,000$413
2026-04-17Contingent$619,000$413
2026-04-11Listed for sale$619,000$413
1996-01-31Sold$150,000$100

Tax History

YearProperty TaxTax Assessment
2025$3,031.66$347,067
2024$3,029.86$316,600
2023$2,974.36$310,800
2022$2,918.85$316,600
2021$2,863.34$299,200
2020$2,793.48$291,900
2019$2,723.62$299,200
2018$2,626.03$277,300
2017$2,512.39$265,300
2016$1,921.11$253,300
2015$1,921.11$241,300
2014$1,921.11$241,300
2013$0$241,300
2012$0$266,700
2011$0$266,700
2010$0$266,700
2009$0$442,670
2008$0$379,750
2007$0$316,830
2006$0$253,910
2005$0$228,552
2004$0$211,530
2003$0$177,840
2002$0$167,042
2001$0$156,246
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,498
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: $619,000Rent Basis: Observed Comp Model ($2,463/mo)State Tax Benchmark: 1.09% (MD)Hazard Reserve: $181/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.71%

NOI: $16,803/yr

Cash-on-Cash Yield
-15.3%

On $142,370 invested

DSCR Ratio
0.44x

Negative debt coverage

5-Yr Leveraged ROI
+17.8%

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)-$315/mo
Homeowner / Hazard Insurance-$181/mo
Vacancy Reserve (5% of rent)-$123/mo
Repairs & Maintenance (10% of rent)-$246/mo
Property Management (8% of rent)-$197/mo
Total Pure Operating Expenses-$1,063/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,463/mo
Less: Operating Expenses-$1,063/mo
Net Operating Income (NOI)+$1,400/mo
Less: Debt Service (30yr @ 6.75%)-$3,212/mo
Net Cash Flow
$-1,812/mo
$-21,739/year
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