For SaleRisky Deal1 days on market
81 Ocean Pkwy
81 Ocean Pkwy, Ocean Pines, MD 21811, Ocean Pines, MD 21811
$379,999
Listing Price
81 Ocean Pkwy, Ocean Pines, MD 21811
Loc: Ocean Pines, MD
Days Listed
1
Tax Assessed
$333k
Lot Size
9,750 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Showell Elementary School
PK-4
1.1 mi away
10
Stephen Decatur Middle School
7-8
3.8 mi away
7
Stephen Decatur High School
9-12
3.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storyvinyl sidingcovered front porchlattice skirtingwooded lotgravel drivewayAmerican flagcozytraditionalshadedresidentialexterior lightingmature trees
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.16%
Total ROI
92.8%
Cash Flow
$-20/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-20/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • Strong rental demand in Ocean Pines
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $379,999 | $295 |
| 2026-06-24 | Sold | $200,000 | $155 |
| 2016-12-14 | Sold | $190,000 | $148 |
| 2016-10-31 | Pending sale | $195,000 | $151 |
| 2016-10-14 | Listed for sale | $195,000 | $151 |
| 2013-04-03 | Sold | $145,000 | $113 |
| 2013-01-19 | Listed for sale | $145,000 | $113 |
| 2012-12-20 | Sold | $285,607 | $222 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,839.7 | $306,333 |
| 2024 | $2,672.9 | $279,300 |
| 2023 | $2,358.05 | $246,400 |
| 2022 | $2,043.2 | $279,300 |
| 2021 | $1,728.34 | $180,600 |
| 2020 | $1,675.71 | $175,100 |
| 2019 | $1,623.07 | $180,600 |
| 2018 | $1,554.03 | $164,100 |
| 2017 | $1,479.85 | $156,267 |
| 2016 | $1,183.06 | $148,433 |
| 2015 | $1,183.06 | $140,600 |
| 2014 | $1,183.06 | $140,600 |
| 2013 | $0 | $140,600 |
| 2012 | $0 | $158,600 |
| 2011 | $0 | $158,600 |
| 2010 | $0 | $158,600 |
| 2009 | $0 | $259,330 |
| 2008 | $0 | $229,952 |
| 2007 | $0 | $200,576 |
| 2006 | $0 | $171,200 |
| 2005 | $0 | $150,870 |
| 2004 | $0 | $130,540 |
| 2003 | $0 | $110,210 |
| 2002 | $0 | $103,200 |
| 2001 | $0 | $96,190 |
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