11 Bimini Ln · Ocean Pines, MD 21811

$340,000

3 bd · 2.0 ba · 1,344 sqft · SingleFamily public records · 13 Days on market

Built 1985 9,275 sqft lot Est $511k · 33% under $76/mo HOA · 3% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.6/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• 1% rule +3.6/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Original owner offers well-maintained larger ranch (1,344 sq. ft. ) on great cul-de-sac lot near N. gate exits. Screened porch, roof less than 3 yrs with 30 yr. arch. shingles, new water heater. Brick fireplace/flue & hearth. Easy upkeep, HMS warranty provided. Available immediately.

Key facts

• Screened-in porch
• Access to amenities
• Cozy fireplace

Tags

• COZY FIREPLACE
• SCREENED-IN PORCH
• FENCED BACKYARD
• NEW HOT TUB
• OUTDOOR LIVING SPACES
• ACCESS TO AMENITIES

Property features AI

Finance

• Other: Not in a federal flood zone; Lease not considered
• HOA & community: Annual HOA fee of $915; HOA covers common area maintenance, insurance, management, pier/dock maintenance, pools, recreation facilities, reserve funds, and road maintenance; Community amenities include basketball courts, beach club, bike trail, boat slip, boat ramp, community center, golf course (membership available), jogging/walking paths, marina/marina club, picnic area, pier/dock, indoor and outdoor pools, recreational center, tennis courts, playgrounds, and water/lake privileges

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric hot water
• Home design: Detached property; Fee simple ownership; Shingle roof
• Construction: Vinyl siding; Other foundation
• Exterior features: Hot tub; Deck(s); Screened porch; Storage barn/shed; Community pool (fenced, in-ground, indoor)

Interior

• Kitchen: Dishwasher; Microwave; Electric range/oven; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level; 2 full bathrooms total
• Heating & cooling: Heat pump(s); Central A/C; Ceiling fans; Electric heating and cooling components
• Interior features: Attic; Ceiling fan(s); Master bath; Whirlpool/Hot Tub; Has fireplace (1)
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $77 ($928/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $293k (14.0% below list).
• Recommended offer: $293k (14.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.4% in Ocean Pines — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#172 in MD) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D, amenities F, commute F.
• Worcester County Public Schools (town): math 30% / reading 44% proficiency, ranked #6 of 24 in MD (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Showell Elementary (math 26% / reading 30%, grade F, #220 of 860 statewide, top 26%, 621 students, 37% FRL); Stephen Decatur Middle (math 24% / reading 43%, grade F, #53 of 225 statewide, top 24%, 697 students, 50% FRL); Stephen Decatur High (math 64% / reading 78%, grade B+, #37 of 222 statewide, top 17%, 1,431 students, 42% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: 318 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 354 units permitted in Worcester County in 2024 (6 in 5+ unit buildings).
• This rent runs 39% of the median local income ($90k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Worcester County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $235k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $292,545 (14.0% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.81%
• DSCR: 1.08
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $510,720
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31 Watergreen Ln	0.21mi	3/2.0	1,386 (+3%)	1mo	$395,000	$285	84
86 Teal Cir	0.27mi	3/2.5	1,304 (-3%)	1mo	$715,000	$548	80
23 Duck Cove Cir	0.27mi	4/2.0 (+1)	1,264 (-6%)	1mo	$480,000	$380	72
258 Ocean Pkwy	0.31mi	3/2.0	1,238 (-8%)	1mo	$370,000	$299	72
331 Ocean Pkwy	0.22mi	3/2.0	1,188 (-12%)	0mo	$555,000	$467	70
60 Clubhouse	0.63mi	3/2.0	1,344 (0%)	1mo	$640,000	$476	70
113 Teal Cir	0.43mi	3/2.0	1,256 (-6%)	1mo	$575,000	$458	68
17 Falcon Bridge Rd	0.66mi	3/2.0	1,343 (-0%)	1mo	$340,000	$253	68
22 Rabbit Run Ln	0.60mi	3/2.0	1,290 (-4%)	2mo	$309,000	$240	64
1 Surfers Way	0.64mi	3/2.0	1,446 (+8%)	1mo	$406,000	$281	57
14 White Sail Cir	0.53mi	3/2.0	1,500 (+12%)	0mo	$429,000	$286	56
414 Ocean Pkwy	0.63mi	3/2.0	1,498 (+12%)	0mo	$575,000	$384	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.47×
• Total profit: $-50,195
• Equity at exit: $50,695

10-year hold

• IRR: -6.1%
• Equity multiple: 0.61×
• Total profit: $-37,476
• Equity at exit: $29,397

Cash invested: $95,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21811

• Home prices YoY: -29.0%
• Active inventory: 318
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,925 medium
• Mortgage (P&I): −$1,783
• Tax from tax record: −$167 /mo · $2,000/yr
• Insurance: −$142
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$76
• Vacancy / Maint / Mgmt: −$614
• Net cashflow: $77

Break-even live

Break-even rent $2,828

Max offer price $340,000

Occupancy floor 92%

Sensitivity live

Price	-10% $270	-5% $174	+0% $77	+5% $-19	+10% $-115
Rent	-10% $-154	-5% $-38	+0% $77	+5% $193	+10% $308
Rate	-1.0pp $249	-0.5pp $164	base $77	+0.5pp $-11	+1.0pp $-100

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11 Abbyshire Rd Berlin, MD	3.0	2.0	1820	$2,295	$1.26	23d	1	0.73mi
45 Offshore Ln Berlin, MD	2.0	2.0	1176	$2,000	$1.70	23d	1	0.73mi

HOA detail

• Monthly dues: $76 · $912/yr
• Likely covers: water

Listing history 10 events

1. 2026-06-22
   days on market $340,000 Active 13 DOM
2. 2026-06-18
   days on market $340,000 Active 10 DOM
3. 2026-06-17
   days on market $340,000 Active 9 DOM
4. 2026-06-16
   days on market $340,000 Active 8 DOM
5. 2026-06-15
   days on market $340,000 Active 7 DOM
6. 2026-06-14
   days on market $340,000 Active 5 DOM
7. 2026-06-13
   days on market $340,000 Active 4 DOM
8. 2026-06-10
   days on market $340,000 Active 2 DOM
9. 2026-06-09
   remarks 693-char remark
10. 2026-06-09
    listed $340,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $2,000 · $167/mo
• Projected year-2 tax: $2,853 · $238/mo
• Expected delta: +$853/yr (+$71/mo · 42.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,105
• − Mortgage interest: −$19,045
• − Property taxes: −$2,000
• − Insurance: −$2,498
• − Repairs & maintenance: −$2,808
• − Management: −$2,808
• − HOA: −$912
• − Depreciation: −$9,891
• Taxable loss: −$4,857
• Est. tax savings @ 24.0%: +$1,166
• After-tax cash flow: $2,094/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Worcester County Public Schools
• NCES district ID: 2400720
• Math proficiency: 30% ▼ -25.00%
• Reading proficiency: 44% ▼ -20.00%
• Median HH income: $56,748
• Composite: 32.6/100
• National rank: #5672
• State rank: #6 of 24 in MD

Livability — Ocean Pines

• Score: 70/100
• State rank: #172
• US rank: #7691

Category grades

Amenities F Commute F Cost of living D Crime A+ Employment A+ Housing A+ Health & safety D- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocean Pines, MD
• County: Worcester County · 35,603 people
• Metro: Salisbury, MD-DE
• Population (ZIP): 24,377
• Household income: $90,082
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 551.0

Population outlook (Worcester County) Hauer SSP2

• Today (2025): 51,363 people
• By 2030: 51,191 · -0.3%
• By 2040: 50,459 · -1.8%
• By 2050: 49,451 · -3.7%
• By 2075: 48,533 · -5.5%
• By 2100: 44,223 · -13.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 9% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 4% Italian 2% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Worcester

• 2024 margin: Strong R (+22.0) · D 38.0% · R 60.0% · Other 2.0%
• 2008→2024 swing: -6.5pp toward R · 2008: -15.5pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.0 2016: R+27.9 2012: R+18.3 2008: R+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -119.52%
• Current HPI: 292.9004
• Rent YoY: —
• Metro: Salisbury, MD-DE
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+36.1% since first listed

4 events — show timeline

• 2026-06-08 Listed $340,000 BRIGHT MLS
• 2005-06-28 Sold (Public Records) $235,000 Public Records
• 2005-06-27 Sold (MLS) $235,000 BRIGHT MLS
• 2005-05-10 Listed $249,900 BRIGHT MLS

Property tax history

+2.5%/yr

Latest (2025): $2,000 · +0.7% YoY. Source: county tax records.